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☆ S&P 500 levels to watch if troubling chart patterns in Nvidia and other tech mean a sell-off is near
▼ + stars: | 2024-06-21 | by ( David Keller | ) www.cnbc.com time to read: +5 min

Some concerning candle patterns for leading technology names have caused me to focus on potential downside targets for the S & P 500 . To be clear, this is a short-term pattern, and is really just intended to inform our thinking for the next couple trading sessions. The most important level to watch is S & P 5,200, which would represent about a 5% pullback from the recent market peak. A move below S & P 5200 would cause me to revisit long positions and start to raise cash due to an elevated risk of a correction. If and when the S & P pushes below 4950, I would be positioned way more defensively, waiting for some signs of accumulation to emerge.

Persons: I've, David Keller Organizations: Nvidia Corp, Semiconductor, Nvidia, Micron Technology, CMT, CNBC, NBC UNIVERSAL

☆ S&P 500 to break above 5,700 in the second half of 2024, Ned Davis Research says
▼ + stars: | 2024-06-21 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Historical post-election market gains could lead the S & P 500 even higher by the end of the year, according to Ned Davis Research. Ed Clissold, chief U.S. strategist raised his year-end S & P 500 target to 5,725 from 4,900 . Although Ned Davis Research isn't included in CNBC Pro's Market Strategist Survey , when comparing the price targets across various Wall Street names, the firm has the second-highest forecast for the broad market index. The S & P 500's 14.5% year-to-date gains have largely come from high-flying technology names such as Nvidia and Meta Platforms. The S & P 500's equal-weighted version, however, is up just 4% in 2024.

Persons: Ned Davis, Ed Clissold, Clissold Organizations: Ned Davis Research, CNBC Pro's, Survey, Federal Reserve, White, Nvidia, Meta Locations: U.S

That's pushed tech heavyweights and Club names such as Apple , Nvidia , Microsoft and Broadcom higher and the S & P 500 to record highs along with them. The market-cap weighted S & P 500, which we report on all time, has gained more than 4% since May 30. But, a version of the index that assigns each company the same influence, known as the S & P 500 Equal-Weight , has advanced only around 1%. The divergence helps explain why our trusted momentum indicator, the S & P Short Range Oscillator , has been closer to oversold territory than overbought during the run higher. Recent years haven't been so kind to them, with the stock underperforming the S & P 500 considerably over the past three years.

Persons: That's, Morgan Stanley, Wells, Banks, Abbott, We've, Lingo, Stanley Black, Decker, DuPont, DuPont —, Ed Breen, Lori Koch, Vimal Kapur, Jim Cramer, Darius Adamczyk, haven't, Jim Cramer's, Jim, Johannes Eisele Organizations: Apple, Nvidia, Microsoft, Broadcom, Wall Street, Federal, Abbott, Abbott Labs, Mizuho Securities, DuPont, Honeywell, Systems, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Wall, Afp, Getty Locations: Dover, Wells Fargo, Missouri, Abbott's, U.S, Decker, New York City

☆ Nvidia and these other megacap stocks are extremely overbought and could be due for a near-term pullback
▼ + stars: | 2024-06-19 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Now that megacap stocks have lifted the S & P 500 and Nasdaq Composite indexes to all-time highs, some stocks in the group have risen so high, so fast they may actually be due for a pullback. Pharmaceutical developer Eli Lilly , maker of Mounjaro for Type 2 diabetes and Zepbound for obesity, is higher by 53% this year. By contrast, the S & P 500 is up 15% this year, through Tuesday's close. Eli Lilly is also now extremely overbought, Bespoke said, after benefiting from increased demand for its weight loss and diabetes drugs. Other stocks considered extremely overbought are Nvidia, Apple and Microsoft, which have traded more than 33%, 17% and 7%, respectively, above their 50-day moving averages.

Persons: Eli Lilly, Lilly Organizations: Nasdaq, Nvidia, Broadcom, Pharmaceutical, Investment, Microsoft, Apple Locations: Tuesday's, Indiana

☆ Jim Cramer’s guide to investing: Sometimes market moves are just ‘noise’
▼ + stars: | 2024-06-17 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer warned investors about taking every individual stock move to heart. He said these sudden moves are often arbitrary, and suggested investors focus on a company's underlying business. "Sometimes you can extrapolate a great deal from a big move in an individual stock, but more often it's telling you something you already know or it's just noise that means nothing." While it's difficult to decipher this "noise," Cramer conceded that irregular moves can be valid signals. Other times, the action in the stock is noise, not a signal, and you'll end up feeling very foolish if you take your cue from that kind of action."

Persons: CNBC's Jim Cramer, Don't, Cramer, it's

☆ The stock market has never been this divided before, by one measure
▼ + stars: | 2024-06-17 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The divergence between the broader stock market and a handful of massive technology companies continues to hit new milestones. Excitement around artificial intelligence has led to several tech stocks becoming dominant weights in the S & P 500. In the equal-weighted S & P 500, each company has the same influence on the index. Over the last 12 months, the SPDR S & P 500 Trust (SPY) is up 23.5%, while the Invesco S & P 500 Equal Weight ETF (RSP) is higher by just 10%. RSP 1Y mountain Equal weighted measures of the S & P 500, like the RSP, are underperforming the index itself.

Persons: Jonathan Krinsky, that's, Krinsky Organizations: Microsoft, Apple, Nvidia, RSP, Bulls

☆ The unloved stock market rally: Why so many investors find it hard to embrace this run to records
▼ + stars: | 2024-06-15 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The S & P 500 has made an all-time high on nearly thirty days this year, four of them this past week. The main S & P is up more than 3% in the second quarter while its median stock is off 5% quarter to date. .SPX mountain 2024-03-29 S & P 500 quarter to date The S & P 500 has added $5.5 trillion in market capitalization in 2024, with roughly half kicked in by the Big Three. Wall Street strategists as a group project no upside for the S & P 500 in the second half , their average and median targets both below Friday's closing level. The weekly American Association of Individual Investors survey shows the spread between bulls and bears narrowing lately even with the S & P grinding higher.

Persons: we've, FANG, That's, It's, Jerome Powell's, Chris Verrone, I've Organizations: Microsoft, Apple, Nvidia, Investment, Treasury, Federal Reserve, Citi U.S, CPI, Fed, American Association of

☆ Apple is now overbought after rallying to record highs this week. Here are other names due for a pullback
▼ + stars: | 2024-06-14 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

It's also the second-most overbought stock on Wall Street this week based on its 14-day relative strength index, or RSI. CNBC Pro used its stock screener tool to search for the most overbought and oversold stocks. Names with a 14-day RSI exceeding 70 are considered overbought, which suggests that shares may soon slide. Other overbought stocks this week include Nvidia , Hewlett Packard Enterprise and T.J. Maxx . Among oversold stocks, aerospace and defense firm Northrop Grumman topped the list this week with a 14-day RSI of about 17.

Persons: It's, Siri, chipmaker, LSEG, Northrop Grumman, Northrop, Tyson Organizations: Apple, Developers, RSI, CNBC Pro, Nasdaq, Dow Jones, Nvidia, Hewlett Packard Enterprise, Broadcom, Wall, Bank of America, Microsoft, Tyson Foods

☆ An options strategy on Oracle ahead of earnings that generates income
▼ + stars: | 2024-06-07 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

Oracle (ORCL) , one of the top three largest U.S. based software companies, report earnings next week on June 11. I want to utilize an options strategy to create income and capitalize on ORCL moving higher. Per YCharts, the S & P Semiconductors and Semiconductor Equipment index has soared 57% this year, while the S & P Software and Services index is up just 2.2%. ORCL .SPX YTD mountain Oracle vs. the S & P 500 YTD Technically, Oracle is revealing strength as it sits above both its 50-day and 200-day moving averages. DISCLOSURES: (Long Oracle and this options spread) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .

Persons: Per Organizations: Oracle, U.S, Semiconductors, P Software, Labor, & $

☆ Nvidia is one of the most overbought stocks on Wall Street. Here are the rest
▼ + stars: | 2024-06-07 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Nvidia was one of the most overbought names on Wall Street this week as the artificial intelligence darling crossed the $3 trillion market cap threshold. The RSI, which measures the magnitude and speed of price moves, is a popular metric used to evaluate whether shares are overbought or oversold. On the other hand, names such as Nvidia with a 14-day RSI above 70 are thought of as overbought, indicating a possible selling opportunity. Nvidia shares have climbed more than 8% this week alone, eclipsing the $3 trillion market cap mark to become the second-most valuable U.S. company, behind Microsoft . Well-known stocks including T-Mobile , Walmart and Best Buy were also among the most overbought this week.

Persons: Robert Half, FactSet Organizations: Nvidia, RSI, Microsoft, Nasdaq, Dow Jones, Costco, Mobile, Walmart, Epam Systems Locations: U.S

☆ It may be time to take profits in this outperforming bank stock, according to the charts
▼ + stars: | 2024-06-06 | by ( David Keller | ) www.cnbc.com time to read: +4 min

Shares of Citigroup (C) have far outpaced the major equity benchmarks in 2024, gaining around 22% year-to-date versus the S & P 500's 13%. Soon after, the stock broke above its 40-week moving average, validating the strength of the rally off the October low. Then in February 2024, the stock pushed above the 150-week moving average, validating the strength and persistence of the uptrend phase. The weekly PPO indicator has since registered a sell signal, indicating that the previous uptrend phase is likely terminated. But a failure to regain the 50-day moving average in early June would mean the previous uptrend phase is most likely exhausted.

Persons: David Keller Organizations: Citigroup, RSI, CMT

☆ Bitcoin is on the verge of a bullish breakout again. What to watch on the charts
▼ + stars: | 2024-06-05 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

Despite the wild ride from a performance and volatility perspective, over the last six months, BTC has continued to do one thing very well – adhere to the technicals. It never violated the breakout zone from October'23 and hit the target by early March. Each prior falling wedge pattern breakout was accompanied by its RSI moving to overbought territory. Two Bullish Patterns on One Chart The second and third bullish formations appear on this chart. To reiterate, these targets are attained simply by adding the height of each pattern to the breakout points.

Persons: bitcoin, Let's, it's, Frank Cappelleri Organizations: SEC, BTC Locations: bottoming

☆ The bounce in long-suffering solar stocks could be for real, according to the charts
▼ + stars: | 2024-06-03 | by ( Katie Stockton | ) www.cnbc.com time to read: +6 min

—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: TAN, Katie Stockton Organizations: Fairlead, CNBC Pro, Securities Locations: TAN

☆ A hedge on chip stocks if some of the profit-taking in Nvidia continues
▼ + stars: | 2024-05-31 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

After the first sign this week of potential profit taking in Nvidia (NVDA) since it's monster post-earning pop, now might be the time to hedge for further downside in the semiconductor space. I want to utilize SMH (VanEck Semiconductor ETF) to express my protective and bearish strategy. However, I do have concern about the stock's "over ownership" and investors who have become conditioned to NVDA's massive earnings beats. NVDA YTD mountain Nvidia (NVDA), YTD The protective trade strategy I want to implement is to define upside risk while seeking to finance the whole option strategy which will profit if we indeed see Semi's move lower. This also serves as a short-term hedge to any and all exposure you may have to the AI theme.

Persons: SPDR, NVDA Organizations: Nvidia, VanEck Semiconductor, Semiconductor

☆ Nvidia will be key to market's direction as Wall Street heads into the summer with May jobs report on deck
▼ + stars: | 2024-05-31 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Nvidia is the key to how stocks will perform in the next few months as investors head into a seasonally weak period for markets, with the macroeconomic picture once again a center of attention. Stocks capped a winning month in May after a strong earnings season and signs of easing inflation buoyed investor optimism. .VIX YTD mountain CBOE Volatility Index In fact, the CBOE Volatility Index, known as Wall Street's fear gauge, is currently at 14. The broad market index was last around 5,220. Traders will have to rely on macroeconomic data for the next several weeks, including the May jobs report that's on deck next Friday.

Persons: Stocks, what's, Olivier Sarfati, Sarfati, Jensen Huang's, Josh Brown, Jonathan Krinsky, Jeff deGraff, CNBC's, deGraff, Rob Ginsberg, JC O'Hara, Roth, Dow Jones, Thomas Urano, Jobs, Cook Organizations: Nvidia, Nasdaq, Dow Jones, Ritholtz Wealth, Semiconductors, VanEck Semiconductor, Macro, Wolfe Research, Advisory, PMI, Manufacturing, Hewlett Packard Enterprise, Body, Services PMI, Labor, Girls Global, University of, District of Columbia, Consumer Credit Locations: Smucker, Washington

☆ Salesforce is the most oversold stock on Wall Street amid a losing week for the markets
▼ + stars: | 2024-05-31 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Dow member Salesforce dropped about 19% during the week, which made it the most oversold stock in the market. With this in mind, CNBC Pro screened for the most overbought and oversold stocks on Wall Street as measured by their 14-day relative strength index, or RSI. Stocks with a 14-day RSI below 30 are considered oversold, suggesting shares may be due for a comeback. On the other hand, a 14-day RSI higher than 70 indicates a stock is overbought and may soon pull back. Biopharmaceutical company Bristol-Myers Squibb was the second-most oversold stock of the week.

Persons: Salesforce, Goldman Sachs, Morgan Stanley, Myers Squibb, Meyers, Ralph Lauren Organizations: Federal, Nasdaq, Dow Jones, Dow, Investors, CNBC Pro, Wall Street, LSEG, Meyers Squibb, Tech, HP Locations: Bristol

☆ It may be time to take some profits in Nvidia, chart analysts say
▼ + stars: | 2024-05-29 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Nvidia is now a $2.8 trillion company, an eyewatering figure that places the graphics processing unit maker just behind Apple ($2.9 trillion) and Microsoft ($3.2 trillion) in the S & P 500. At the same time, however, more investors wonder if Nvidia is overvalued and they should start taking profits, especially as the broader market comes under pressure from higher Treasury yields. Nvidia has surged above its 50-day and 200-day moving averages, and it now boasts a price-to-earnings (P/E) ratio of 66. A move toward the upper band could mean the stock is overbought. Correction: A previous version of this article misstated the values of Nvidia, Apple and Microsoft.

Persons: Josh Brown, BTIG's Jonathan Krinsky, Krinsky, Wolfe, Rob Ginsberg, Ginsberg Organizations: Nvidia, Apple, Microsoft, Walmart, Netflix, Wealth, Bollinger

☆ Stock market appears strong and nothing 'screams' overbought, says SoFi's Liz Young
▼ + stars: | 2024-05-28 | 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 EmailStock market appears strong and nothing 'screams' overbought, says SoFi's Liz YoungLiz Young, SoFi, joins 'Closing Bell' to discuss the bull rally's staying power, the bond market, and her market outlook.

Persons: SoFi's Liz Young Liz Young Organizations: Email

☆ Take profits or let it ride — undecided Nvidia investors should ask themselves 3 questions
▼ + stars: | 2024-05-28 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Last week, we explored the question: Can investors with little to no shares still buy Nvidia after these record runs? We aren't saying run out and sell shares right now if you are sitting on huge paper profits. Through the years, Nvidia shares have hit pockets of turbulence. This Nvidia run is being driven by investments into AI infrastructure. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jensen Huang, Jensen, Jim Cramer, It's, Nvidia —, We've, Eaton, we've, Jim Cramer's, Jim, David Paul Morris Organizations: Nvidia, Devices, Intel, Blackwell, Club, Apple, Broadcom, CNBC, Nvidia Corp, Technology Conference, Bloomberg, Getty Locations: overbought, San Jose , California

☆ Moderna and this solar name are among the most overbought stocks after a record-setting week
▼ + stars: | 2024-05-24 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

It may be time for investors to trim positions in overbought names after the stock market reached record levels this week. Certain stocks this week became overbought, based on their 14-day relative strength index, or RSI. Here are the most overbought names in the S & P 500 this week: Moderna was the most overbought stock in the S & P 500, scoring an RSI of about 86.5. Analysts think shares, which have rallied about 28% this year, could peel back roughly 8%. Other oversold stocks include SLB , J.B. Hunt and Molson Coors .

Persons: LSEG, Jon Windham, Johnson, Ulta, Hunt Organizations: Dow Jones Industrial, Nasdaq, Nvidia, Moderna, UBS, Johnson Controls, Bloomberg, Elliott Investment Management, Johnson, Barclays, Deutsche Bank, Jefferies, Molson Coors Locations: U.S, oversold, J.B

☆ Eli Lilly stock hits new highs after a regulatory win in China. This is a big deal
▼ + stars: | 2024-05-21 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer described the market as overall "benign," while the S & P 500 and Dow also traded pretty flat. Eli Lilly received approval for its GLP-1 drug tirzepatide in China. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Christopher Waller, Jim, Waller's, billings, Eli Lilly, Jim Cramer's Organizations: CNBC, Nasdaq, Dow, Washington , Federal Reserve, Palo Alto Networks, Club Locations: Washington ,, Palo, billings, China

☆ The charts indicate a long-term turnaround underway in natural gas. Here's a stock to play it
▼ + stars: | 2024-05-20 | by ( Katie Stockton | ) www.cnbc.com time to read: +7 min

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

☆ Gold prices are at yet another record high. That means rate cuts are coming soon
▼ + stars: | 2024-05-20 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Gold reached a new record of $2,454.20 per ounce on Monday as markets price in Fed rate cuts. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGold set another record high on Monday as Wall Street readies for monetary policy to ease this year. Given that gold is a safe haven asset, rising international face-offs have prompted more investors to buy the bullion. Meanwhile, US sanctions on Russian reserves sparked central banks to snap up the metal at record pace.

Persons: Gold, —, Grzegorz Drozdz, David Miarrions Organizations: Service, P, Trade

☆ Market sets record — Breaking down whether the bulls are in the clear or a peak is imminent
▼ + stars: | 2024-05-18 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

You can't argue with a market making new record highs, though it's fair game to interrogate the tape about its assumptions and intentions. With the Dow Jones Industrial Average closing above 40,000 for the first time Friday and the S & P 500 settling above 5,300 after hitting a fresh all-time high Wednesday, the advice of history suggests not overthinking it. Keith Lerner, strategist at Truist, marks up a long-term S & P 500 chart to show times when it was at an all-time high. Brian Belski, strategist at BMO, last week lifted his year-end S & P 500 target to a Street-high 5,600 . And, quite remarkably, the stock market low of October 2022 occurred at an S & P 500 forward P/E above 15, with unemployment below 4% and in mid-economic expansion.

Persons: Stocks, Keith Lerner, Ned Davis, Brian Belski, Leuthold, Doug Ramsey Organizations: Treasury, Dow Jones, Dow, Ned Davis Research, Investment, Bank, Federal, BMO, Citi U.S, Vegas, Fed, Leuthold Locations: U.S

☆ Here are the portfolio's top 5 performers in a record-setting week for stocks
▼ + stars: | 2024-05-18 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

We trimmed our positions shares in Morgan Stanley and Palo Alto Networks on Wednesday and Thursay, respectively, after nice moves higher for both stocks. Here's a closer look at what drove the moves in the portfolio's top five stocks this week. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance Palo Alto Networks came in No. Palo Alto has been a sizable outperformer since early April, which factored into our trim Thursday. DHR YTD mountain Danaher (DHR) year-to-date performance Danaher advanced 4.9% in the week to secure a second-place finish.

Persons: Morgan Stanley, Estee Lauder, Rainer Blair, OpenAI, Jim Cramer's, Jim Cramer, Jim, Brendan McDermid Organizations: Dow Jones, Nasdaq, Club, Palo Alto Networks, IBM, Palo Alto, Bank of America, Broadcom, Google, . Management, Wall Street, Apple, CNBC, Traders, New York Stock Exchange Locations: Thursay, China, Palo, Palo Alto, New York City, U.S

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