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☆ The outlook on gold and gold stocks into the summer is looking strong, according to the charts
▼ + stars: | 2024-05-16 | by ( David Keller | ) www.cnbc.com time to read: +3 min

Let's take a look at how gold stocks have fared and see how recent price action suggests the uptrend is nowhere near completed. While gold stocks tend to be very much tied to the performance of the underlying commodity, there will often be periods of dislocation, where gold and gold miners appear to be more disconnected. This appears to have occurred in the first quarter, when physical gold was fairly flat, but gold miners were sold off into a February low. The chart of Royal Gold (RGLD) shows that the early breakouts are beginning to occur. Given the strength in the charts of physical gold and gold miners, this group may serve as a compelling opportunity going into the summer months.

Persons: Let's, David Keller Organizations: Nasdaq, Gold Miners, CMT

☆ A bearish options bet that capitalizes on a double-top forming in this high-flying sector
▼ + stars: | 2024-02-21 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

A closer look at the 1-year daily chart of the Consumer Discretionary Select Sector (XLY) reveals the formation of a double top pattern. This is great because this allows me to construct a $1 wide put spread and risk as little as $50 to make $50 per winning trade. All I need is for XLY to drop by $1 by expiration date for this trade to double my money. THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Nishant, Nishant Pant Locations: XLY

☆ Traders should be worried if they're holding this Magnificent 7 member, according to the charts
▼ + stars: | 2024-02-15 | by ( David Keller | ) www.cnbc.com time to read: +3 min

The cup-and-handle (also known as a cup-with-handle) pattern occurs when you have a rounded basing pattern after a rally phase. Then, in December 2023, both stocks retested their July peak, which formed the cup of this pattern. If this level would fail to hold, then we'll have one more Magnificent 7 stock in a confirmed bearish phase. What concerns me most about these patterns popping up is not just that it suggests caution for these two technology stocks, which I believe it does. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: MCHP, David Keller Organizations: Nvidia Corp, Tesla Inc, Apple Inc, Apple, Technology Inc, Technology, David Keller https

☆ Here’s what bitcoin’s chart says about its next moves after it breached $50,000 this week
▼ + stars: | 2024-02-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Bitcoin broke through $50,000 to start the week and although a stubbornly high inflation reading has pulled it lower since, the cryptocurrency is still in safe territory, according to chart analysts. On Monday, the cryptocurrency finished above $50,000 – at one point rising to $50,334.00, its highest level since December 2021. BTC.CM= YTD mountain Bitcoin year-to-date Other chart analysts echoed that investors need not be too concerned about a significant decline from here. "Old resistance becomes support and that $46,000 to $48,000 can then become the jumping board for a continuation of the rally." Katie Stockton of Fairlead Strategies agreed the bitcoin chart supports "a long-term bullish bias."

Persons: Bitcoin, bitcoin, Wolfe, Rob Ginsberg, Ginsberg, Julius de Kempenaer, De Kempenaer, Katie Stockton, it'll, Stockton Organizations: CNBC, Fairlead Locations: overbought

☆ JPMorgan's top chartist says the S&P 500 to tumble all the way back to 3,500, retesting bear lows
▼ + stars: | 2023-12-04 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

JPMorgan head of technical strategy Jason Hunter said the S & P 500 in 2024 is in for a stark reversal back toward its bear lows. "Stocks should pull back, [and] in my base case on the technical side, the S & P 500 is gonna drop to 3,500," Hunter told CNBC's " Squawk Box " on Monday. Hunter pinned his bearish outlook for the S & P 500 to a looming recession risk that could come to fruition despite a soft landing and hinder stock prices as a result. .SPX YTD mountain The S & P 500 has ticked up roughly 20% from the start of the year. Hunter's forecast is in stark contrast with more recent market moves, which saw the S & P 500 reach its highest close for the year on Friday.

Persons: Jason Hunter, Hunter, CNBC's, it's Organizations: Federal Reserve

☆ Bitcoin’s next pullback is a buying opportunity before price heads to $40,000, says Wolfe Research
▼ + stars: | 2023-11-28 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin's price may be due for one more pullback in the coming weeks and that could be a good opportunity to buy more of the cryptocurrency before its next leg up, according to Wolfe Research. "[Bitcoin] now sits within reach of having retraced 50% of the decline off its highs," Ginsberg wrote in a note last week. However … near term price action may provide for one more buying opportunity before continuing higher." BTC.CM= 1Y mountain Bitcoin (BTC) now has retraced nearly 50% of the decline off its 2021 all-time high. "We would use it as a buying opportunity as the next move higher likely takes price above $40,000."

Persons: bitcoin, Rob Ginsberg, Ginsberg, — CNBC's Michael Bloom Organizations: Wolfe Research, BTC, Metrics Locations: U.S

Political Cartoons View All 1262 ImagesIf the information given to St. Croix residents turns out to be bad, it won't be the first time that's happened. On the Caribbean island of St. Croix, officials avoided some of those pitfalls and quickly told residents of the results. For lead testing, workers usually take water from a household faucet. It is some of these tests that first recorded astronomically high lead levels. Instead, it's brass fittings that contain lead and can corrode into the water, Smith said.

Persons: Joe Biden, ”, Frandelle Gerard, Marc Edwards, Andrew Smith, Edwards, Croix, Tom Neltner, ” Smith, Retesting, Smith, Christine Ash, Gerard, what’s, “, ” Gerard Organizations: U.S . Virgin, Environmental Protection Agency, Crucian, Nature Tourism, Inc, The Associated Press, Virginia Tech, Power Authority, Environmental Defense Fund, EPA, St, Associated Press, Walton Family Foundation, AP Locations: U.S, St, Croix, Flint , Michigan, Flint, Newark, Benton Harbor , Michigan, St . Croix, faucets

☆ Russian ruble sinks to level that previously triggered emergency measures from Moscow
▼ + stars: | 2023-10-03 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

The Russian ruble fell past the 100-per-dollar threshold early Tuesday. When it last broke this barrier in mid-August, Russia's central bank hiked rates sharply. The currency fell to 100.255 against the greenback early Tuesday, though it has since edged back up to a 99.55 level. When this triple-digit threshold was last crossed in mid-August, the central bank took emergency measures and hiked interest rates sharply to 12%. In early September, the central bank also boosted foreign currency sales to help stem ruble volatility.

Persons: —, Elvira Nabiullina Organizations: Service, greenback, Reuters, Bank of Russia Locations: Russia's, Russia, China

☆ Here's the bitcoin outlook for September as crypto industry turns focus on Washington
▼ + stars: | 2023-08-31 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Bitcoin is poised to end August on a down beat despite the crypto industry scoring a milestone win on the regulation front. Bitcoin recently jumped 7% after a federal appeals court sided with Grayscale over the Securities and Exchange Commission in a key crypto ETF case. While crypto investors have a lot to cheer, it hasn't been reflected in prices, and bitcoin could remain rangebound throughout September. All eyes on Washington September kicks off with an anticipated update from the SEC on at least one spot bitcoin ETF application. On Thursday afternoon the agency delayed its decisions on bitcoin ETF applications from WisdomTree and Invesco.

Persons: Bitcoin, Rob Ginsberg, Will Tamplin, Tamplin, Cantor Fitzgerald's Elliot Han, Han, Kristin Smith, They're, — CNBC's Michael Bloom Organizations: Metrics, Securities and Exchange Commission, Wolfe Research, SEC, Fidelity Locations: Washington, Bitwise, BlackRock

☆ Art Cashin says these are the levels to watch in the S&P 500
▼ + stars: | 2023-08-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Art Cashin is warning investors to keep a close eye on key thresholds in the S & P 500 as markets approach a "critical time." Cashin pointed to the 4,440 to 4,535 range as a key level to watch as the index tests some major moving averages, with the index currently sitting in that area at around 4,456. The comments from Cashin come as 2023's market rally has shown some signs of cooling over the past two weeks as investors grapple with fresh inflation data and a recent U.S. credit rating downgrade from Fitch. While up 16% year to date, the broad-based index sits 3% lower for the month and is on track to cap off the week with a loss. "I've been doing this a long time and I will tell you whenever it looks like the book is over, there's one more chapter," Cashin said, adding that it may be too early for the bulls to "emerge victorious."

Persons: Cashin, there's, CNBC's, I've Organizations: UBS Financial Services Locations: Fitch

☆ Here are 5 things stock market investors should watch for with volatility set to ramp up through year-end
▼ + stars: | 2023-05-04 | by ( Carla Mozée | ) www.businessinsider.com time to read: +5 min

The Fed on Wednesday issued its 10th straight interest rate increase to a near 20-year high of 5%-5.25%. The latest move comes as the US bond market flashes recession warnings as steeper borrowing costs put pressure on the economy. Comerica Wealth Management2. Comerica Wealth Management4. But Comerica Wealth said it sees the signal from corporate bonds as less ominous.

☆ Credit is contracting and supply chain problems are easing, says Federated Hermes' Steve Auth
▼ + stars: | 2023-04-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCredit is contracting and supply chain problems are easing, says Federated Hermes' Steve AuthSteve Auth, Federated Hermes Equities CIO, joins 'The Exchange' to discuss leaning in to defensive stocks, retesting summer lows, and inflation numbers coming down.

☆ 6 stocks to buy to maximize gains and shield portfolios from choppy waters ahead this year, according to a financial advisor at a $57 billion wealth manager
▼ + stars: | 2023-04-07 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +5 min

The bank crisis has distressed markets, but Nicole Webb expects consequences to be relatively muted. Still, Webb expects choppy waters as stocks come close to retesting their October lows. She also shared six stocks with both value and growth traits to hedge volatility and maximize gains. Webb clarified that the unchanged outlook doesn't mean the economy is completely free from the consequences of the banking crisis. But she also believes that a slowing economy means that some growth stocks have begun to look more attractive, especially the mega-tech names that were overly punished in 2023.

☆ Stocks could be shaky in the week ahead as sigh-of-relief rally runs its course
▼ + stars: | 2023-03-31 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

The stock market is about to enter one of the seasonally strongest months of the year, but volatility could persist in the week ahead with fading momentum and a big jobs report. The stock market is closed that day to observe Good Friday. Week ahead calendar Monday 10:00 a.m. Construction Spending, Feb. 10:00 a.m. ISM Manufacturing, March Tuesday 10:00 a.m. Factory Orders, Feb. 10:00 a.m. JOLTS, Feb. Wednesday 7:00 a.m. Mortgage Applications 8:15 a.m. ADP, March 8:30 a.m. Trade Balance, Feb. 10:00 a.m. ISM Service, March Thursday Earnings: Constellation Brands 8:30 a.m. Initial claims Friday The stock market is closed for Good Friday 8:30 a.m. Nonfarm Payrolls

☆ Chart analysts see danger ahead as tech comeback starts to lose steam
▼ + stars: | 2023-03-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The recent comeback in technology stocks is beginning to lose its luster, and that could mean trouble for the broader market. "We think the clock is ticking on tech's absolute and relative performance, and expect it to catch-down to the rest of the market," Krinsky wrote. That's created a resistance range between 12,881 and 12,944 and a first support level within the 12,466-12,400 range. Suttmeier also sees promise in the fact that the Nasdaq has held support within range of its 11,695 mid-March low and 12,000. "If the NDX continues to hold this support, the US equity market can stabilize and build a bigger base," he wrote.

☆ Fundstrat's Newton calls for equity pullback that's 'minor in scope'
▼ + stars: | 2023-03-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFundstrat's Newton calls for equity pullback that's 'minor in scope'Mark Newton, Fundstrat global head of technical strategy, joins the 'Halftime Report' to discuss why he believes there will be a pullback in equities, where the market goes after retesting the October lows and more.

☆ The stock market is on the verge of signaling that the bear market is finally over
▼ + stars: | 2023-02-28 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The S&P 500 is on the verge of signaling that the bear market decline that started last year is finally over. The signal tracks the 10-month moving average, and since 1960 it has had a perfect record in ending a bear market. Since 1960, it has been triggered a total of 14 times, and each time proved that the bear market low was already in. That means if this current trigger proves to be successful, the mid-October low in the S&P 500 of just under 3,500 will indeed prove to be the bear market low. "Every time since 1960: Barring a close [below] 3,947, the bear market low (i.e.

☆ Todays three major movers: Wayfair, Dominos and Quanta Services
▼ + stars: | 2023-02-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTodays three major movers: Wayfair, Dominos and Quanta ServicesVictoria Greene, CIO of GSquared Private Wealth, joins 'Power Lunch' to discuss three stocks retesting their highs and lows.

☆ The December jobs report sent mixed signals. Here's what it means for markets.
▼ + stars: | 2023-01-09 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

The December jobs report is another data point that signals the Fed has more work to do to cool the economy. "A labor market this strong means an imminent recession is highly improbable," Indeed Hiring Lab economist Nick Bunker wrote in a note. While stocks usually sell off after these strong reports, fearing the worst from the Fed, Friday saw a strong rally. History suggests there are very strong odds the stock market gains 20% this year after last year's bludgeoning. Tesla stock has tumbled to multiyear lows.

☆ No Santa rally. Stocks could soon retest their lows, strategists and analysts say
▼ + stars: | 2022-12-15 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

But, it also forecast a higher terminal rate — or end point for its rate hikes — of 5.1%. I think the market was going retest the lows anyway, mainly because market bottoms mostly have retests," he said. Stovall said the market could see a slight Santa rally at the end of the month, going into the beginning of January. Many Wall Street strategists expect a choppy start of 2023, with a test of the lows, then improvement in the second half. Sohn said there's still a chance for a Santa rally, but he expects it may have already happened.

☆ The stock market is trapped in a clear downtrend, and the situation could get worse
▼ + stars: | 2022-12-08 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

They are watching the S & P 500 as it trades below its 200-day moving average after lifting above that threshold briefly. The S & P 500 surpassed the average on Nov. 30 and fell below it Monday. The 200-day is now at 4,040 for the broad-market index, and the S & P 500 closed at 3,933.92 on Wednesday. A loss of short-term momentum "I think the real story is within the downturn, we're losing short-term momentum. Stockton said her indicators showed the flip in the S & P 500 Tuesday.

☆ Watch CNBC's 'Halftime Report' investment committee break down Powell's latest remarks
▼ + stars: | 2022-12-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's 'Halftime Report' investment committee break down Powell's latest remarksBryn Talkington, Liz Young, Josh Brown and Steve Weiss join the 'Halftime Report' to discuss market reaction to Powell's comments yesterday, the likelihood of a year-end rally and the possibility of stocks retesting market lows.

☆ EXCLUSIVE Cheniere seeks 18 months to upgrade LNG turbines that failed pollution tests-document
▼ + stars: | 2022-11-08 | by ( Nichola Groom | ) www.reuters.com time to read: +3 min

Cheniere is one of only two LNG providers with turbines subject to the rule, according to U.S. Environmental Protection Agency (EPA) data. He asked the state for 18 months to make changes to and retest the turbines. In the meantime, the company said it would take steps to minimize formaldehyde emissions, including taking a turbine offline or replacing components. In September, Cheniere submitted test results to Texas regulators that showed formaldehyde emissions at that facility were well below the EPA threshold. Cheniere has big plans to expand the Texas and Louisiana plants in coming years.

☆ Breaking down October's big stock bounce — and why the market didn't need Big Tech to do it
▼ + stars: | 2022-10-28 | by ( Michael Santoli | ) www.cnbc.com time to read: +3 min

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics. -The S & P has managed tentatively to have broken the downtrend from the mid-August peak and has rebuilt a bit of a cushion. Before the report AMZN had traded exactly in line with S & P 500 over the prior three years. -Market breadth today is mixed, 50-50, AAPL really pushing the indexes quite a bit on its own. VIX succumbing to stronger indexes and the "Friday effect," though will likely rebuild into the Fed next week.

☆ October is a historically strong month for bitcoin, but price action this month has been oddly lackluster
▼ + stars: | 2022-10-19 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

The month of October, celebrated as "Uptober" by long-time crypto investors, has historically churned out some big gains for bitcoin. In seven of the last 10 years, bitcoin has posted a positive month. For four of the last six years, ether has ended the October trading month higher, according to Kaiko. Bitcoin was lower for the month by 0.3% as of Tuesday, while ether was down 1.4%, according to Coin Metrics. "Crypto market volatility has dipped to multi-year lows over the past month, with bitcoin's 20-day volatility now equal to that of the Nasdaq equity index," Kaiko head of research Clara Medalie told CNBC.

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