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Natural gas futures have cleared their 200-day moving average and appear to have entered a long-term basing process. Given the potential for a long-term turnaround phase in natural gas prices, we were drawn to the energy sector as a source of potential long-term stock opportunities. Secondary resistance for natural gas comes from a Fibonacci retracement level near $3.50/MMBtu. How to play it One of the natural gas-related stocks that sets up well from a technical perspective is Cheniere Energy (LNG) , which is a provider of liquified natural gas. Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only.
Persons: Katie Stockton Organizations: Energy, Fairlead, CNBC Pro, Securities
The S & P 500 broke above 5,300, also for the first time. The S & P 500 has notched record close after record close in 2024. This quarter, the top-performing S & P 500 sector is utilities, higher by 9%, followed by communication services, up by 4%. The S & P 500 and Nasdaq Composite each closed out a fourth straight week of gains. Sustaining all-time highs Nvidia's earnings will also be a key catalyst at a time when technicians are watching to see whether stocks can sustain the record levels they reached this week.
Persons: what's, they're, Jay Woods, hadn't, Piper Sandler's Harsh Kumar, Kumar, Jensen Huang, Blackwell, Zachary Hill, Chris Zaccarelli, Zaccarelli, Woods, Katie Stockton, Stockton, TJX Cos, Raymond James Thursday, Ralph Lauren Friday, Nick Wells Organizations: Nvidia, Federal Reserve, Dow Jones, Freedom Capital, Dow, Nasdaq, Independent, Alto Networks, Devices, Target, Chicago, PMI, New, . Kansas City Fed, Intuit Locations: Stockton, . Kansas
—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Persons: MOO, Katie Stockton Organizations: Deere, Co, Teucrium Wheat, Fairlead, CNBC Pro, Securities
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect one more market downdraft before the corrective phase ends, says Fairlead's Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss the latest market trends, technical indicators, and more.
Persons: Katie Stockton Katie Stockton
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect a more volatile market for second half of the year, says Katie StocktonKatie Stockton, Founder and Managing Partner of Fairlead Strategies, discusses the technical signals from the markets.
Persons: Katie Stockton Katie Stockton
—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Persons: XLU, Katie Stockton Organizations: Utilities, Fairlead, CNBC Pro, Securities
The crypto tested $60,000 on Tuesday and fell below a key support level of $61,100, according to Katie Stockton. Stockton said bitcoin is on the verge of flashing a sell signal based on a weekly momentum indicator. AdvertisementThe price of bitcoin dropped 5% on Tuesday, sending the cryptocurrency to test the key psychological level of $60,000. But bitcoin is on the verge of experiencing a double whammy as it breaks below a key technical support level and flashes a technical sell signal, according to Fairlead Strategies founder Katie Stockton. According to Stockton, bitcoin lost momentum near its 50-day moving average of about $66,900, which proved to be stiff technical resistance.
Persons: Bitcoin, Katie Stockton, bitcoin, , Stockton Organizations: Service Locations: Stockton
A whirlwind earnings week saw traders jumping in and out of some of the biggest stocks in the market. For example, shares of Meta Platforms fell 10.6% on Thursday after earnings beat expectations, but revenue guidance was weak . On a chart, those big post-earnings moves can leave "gaps" that may become a key area to watch going forward. What's next for Meta Meta looks like a potential example of the gap being filled after its sharp drop on Thursday. A macro view The big moves by tech giants this past week could make index-level trades a bit tricky.
Persons: John Butters, Katie Stockton, Stockton, What's, , Frank Gretz, Wellington Shields, Gretz, Larry Benedict, Benedict Organizations: Meta, CNBC, Nvidia, Wellington, Intel, Microsoft Locations: FactSet
While short-term rallies are in place for AAPL and TSLA, they are both challenged longer term from a technical perspective. —Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein.
Persons: Tesla, Elon Musk, TSLA, AAPL, Katie Stockton Organizations: Apple Inc, Tesla Inc, Fairlead, CNBC Pro, Securities
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe corrective phase could last into the early summer months: Fairlead Strategies' Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss the latest market trends, the Treasury market, health of the tech sector, and more.
Persons: Katie Stockton Katie Stockton Organizations: Treasury
Here are the 6 stocks that rise when Nvidia shares fall
  + stars: | 2024-04-19 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
Six stocks in the S & P 500 rise often whenever Nvidia shares fall, according to a CNBC Pro analysis. A correlation of 0 would indicate no statistical link between Nvidia's stock and the share price of the six companies. Correlated returns also do not indicate causation or guarantee future returns or price action patterns. The below table highlights the 10 stocks in the S & P 500 with the strongest inverse correlation with Nvidia's share price. Trivariate Research's Adam Parker also named eight steady growth stocks that could replace Nvidia if investors are concerned that they are overexposed to it.
Persons: Jack Daniel's, Brown, Forman, Henry Schein, Katie Stockton, Trivariate Research's Adam Parker Organizations: Nvidia, CNBC, Electronic Arts, CNBC Pro Locations: U.S, lockstep
This would imply that investors can hold NVDA, for now, but may want to reduce exposure after a bigger bounce. —Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein.
Persons: Let's, NVDA, Katie Stockton Organizations: Nvidia, Fairlead, CNBC Pro, Securities Locations: overbought
The e-mini futures contracts tied to the S & P 500 just posted their third negative "outside day" in the past eight sessions. Outside days happen when the range of a security's price sees higher highs and lower lows than it did the day before. The previous day's trading period should be smaller in range and should have closed higher. It also posted negative outside days on April 4 and April 1. Chart analysts are shrugging off the recent trio of outside down days, however, saying they don't threaten the longer-term up trend.
Persons: Tom Fitzpatrick, R.J, O'Brien, Ari Wald, Oppenheimer, Will Tamplin, Nick Wells
The rally marks an extension of the cyclical uptrend and gives the chart the shape of a bullish 'cup-and-handle' formation. —Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein.
Persons: Katie Stockton Organizations: Microsoft, Fairlead, CNBC Pro, Securities
—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Persons: CSCO, Katie Stockton Organizations: Cisco Systems, Fairlead, CNBC Pro, Securities
The Global X Copper Miners ETF (COPX) offers investors a liquid, cost-effective way to get broad-based exposure to copper mining stocks. —Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein.
Persons: It's, Katie Stockton Organizations: Copper Miners, Fairlead, CNBC Pro, Securities, ~$ Locations: Canada, U.S
CNBC Pro readers flocked this week to several stories on Nvidia and other ways to play the stock's monstrous rally. The top Pro story this week was " Sell Nvidia or stick with it? Other stocks could see a lift in the coming week off the Nvidia conference including AMD, Broadcom and Oracle. How to trade Nvidia In a column Monday, Fairlead Strategies founder Katie Stockton gave a guide to how to trade stocks that have " gone parabolic " like Nvidia and Meta. Nvidia alternatives Another top-performing Pro story this week was David Keller's on the potential breakout in Block , the parent company of Square.
Persons: Vahan Janjigian, he's, We've, Cantor Fitzgerald, C.J, Muse, Katie Stockton, Stockton, David Keller's, Keller, Stephanie Niven, Niven, BofA Organizations: CNBC Pro, Nvidia, Greenwich Wealth Management, Bank of America, NVIDIA, AMD, Broadcom, Oracle, Meta, KLA Corp
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email2024 is a year of 'the long-term turnaround' for many sectors: Fairlead Strategies' Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss the latest market trends, the latest bitcoin rally, Treasury yields, inflation outlook, and more.
Persons: Katie Stockton Katie Stockton
When stocks are in steep uptrends, it can difficult be difficult to determine when a meaningful corrective move is going to take place. Two examples of steep uptrends are Meta (Meta) and Nvidia (NVDA) , both of which are pictured below. Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein.
Persons: Berkshire Hathaway, Eli Lilly, NVDA, Katie Stockton Organizations: Microsoft, Nvidia, Broadcom, JPMorgan Chase, Fairlead, CNBC Pro, Securities Locations: Meta, Berkshire
A bullish long-term turnaround has developed in the iShares MSCI Australia ETF (EWA) , which broke out from a long-term triangle pattern late last year in a positive technical catalyst. —Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein.
Persons: EWA, Katie Stockton Organizations: BHP Group Ltd, BHP, Fairlead, CNBC Pro, Securities Locations: Australia, EWA
Seasonally speaking, stocks could be in for a pullback as the calendar turns to March in a presidential election year. In every March since 1950, the S & P 500 historically rises 1.1%, but the same month in presidential election years scores a smaller 0.4% advance on average. Currently, the S & P 500 is trading around the 5,100 level. But Hirsch advised investors to watch S & P 500 support levels closer to 4,800, the prior all-time high, or 4,600, the high from the summer of 2023. That's because Hirsch anticipates the S & P 500 will rise to 5,500 by year end, so any dips may prove a buying opportunity for investors.
Persons: Jeffrey Hirsch, Russell, Hirsch, it's, you've, , Hirsch isn't, Katie Stockton, Sam Stovall, Stovall Organizations: Dow Jones Industrial, Nasdaq, CFRA Research
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets are seeing broad participation from growth stocks, says Fairlead's Katie StocktonHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Katie Stockton, Brian Sullivan, Organizations: CNBC
Bitcoin's all-time high is in clear sight after the cryptocurrency surpassed $57,000 on Tuesday. The flagship crypto is now roughly 20% off its November 2021 all-time high of $68,982.20, and it just cleared a key resistance level, according to Fairlead Strategies. "The main thing to highlight is the confirmed breakout above $48,000, which targets final resistance [of about] $64,900," said Will Tamplin, senior analyst at Fairlead. BTC.CM= 5D mountain Bitcoin this week confirmed a breakout above $48,000 Oppenheimer chart analyst Ari Wald confirmed that outlook. However, the firm does not expect a major pullback from bitcoin given the breakout and positive momentum in the intermediate term.
Persons: Will Tamplin, Oppenheimer, Ari Wald, Bitcoin, bitcoin, Katie Stockton Organizations: Fairlead, Metrics
—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Persons: PAAS, Katie Stockton Organizations: American Silver Corporation, PAAS, Fairlead, CNBC Pro, Securities
— Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Persons: Eli Lilly, Katie Stockton Organizations: U.S . Pharmaceuticals, IHE, Fairlead, CNBC Pro, Securities Locations: U.S
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