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☆ There's trouble brewing in the chip sector outside of Nvidia, according to the charts
▼ + stars: | 2024-11-18 | by ( Katie Stockton | ) www.cnbc.com time to read: +8 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: LRCX, Katie Stockton Organizations: Nvidia, ASML Holdings, Lam Research, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: U.S

☆ Small-cap stocks set to roar even higher, according to the charts
▼ + stars: | 2024-11-12 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

The small cap Russell 2000 index contains domestic companies that should benefit in a protectionist, on-shoring environment as long as inflation and rates stay contained. The monthly chart of the Russell 2000 shows a pending breakout from all-time highs of 2,459. Put in simpler terms the Russell 2000 small cap index has underperformed the large cap S & P 500 index for the past 13 years. The small cap Industrial ETF just broke from a consolidation around $135 and is still in the earlier stages of the expansion. The forward valuation is 28 times 2025 earnings so not egregious for this high growth small cap industrial name.

Persons: Russell, Elliott, Todd Gordon, Gordon, POWL Organizations: Utilities, MGE Energy, Powell Industries, Edge, Inside Edge, CNBC, NBC UNIVERSAL

☆ Why a breakout in this software stock may be just beginning, according to the charts
▼ + stars: | 2024-11-07 | by ( David Keller | ) www.cnbc.com time to read: +4 min

But after a strong October, TTWO appears to be setting up for a significant breakout that yields a healthy upside price target. After reaching a peak of around $170 in early February, the stock pulled back to just below its 200-day moving average. We can determine an initial upside target simply by measuring the price range of the basing pattern, in this case from $140 to $170. That 61.8% retracement sits right around $167, forming the upper end of the price range we outlined on the daily chart. So a breakout above $170, while an important signal on the daily chart based on the basing pattern, also represents a significant break above a major Fibonacci retracement level.

Persons: TTWO, Alan Shaw, David Keller Organizations: CMT, CNBC, NBC UNIVERSAL

☆ Katie Stockton says this toy stock is poised to outperform rival in the months ahead
▼ + stars: | 2024-11-04 | by ( Katie Stockton | ) www.cnbc.com time to read: +8 min

Persons: Katie Stockton Organizations: Mattel, Hasbro, DeMark, MAT, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities

☆ Beware McDonald's, but these other restaurant stocks look attractive, says Katie Stockton
▼ + stars: | 2024-10-28 | by ( Katie Stockton | ) www.cnbc.com time to read: +8 min

Persons: Jack, JACK, Katie Stockton Organizations: McDonald's Corp, Brands Inc, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities

☆ Silver is breaking out and has potential to outperform gold ahead, says Katie Stockton
▼ + stars: | 2024-10-21 | by ( Katie Stockton | ) www.cnbc.com time to read: +7 min

Silver's breakout in absolute terms has the potential to result in relative outperformance versus gold in the weeks ahead. —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: CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities

☆ There's more upside ahead for this AI derivative play, according to the charts
▼ + stars: | 2024-10-15 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

The AI trade is powering ahead as the markets are seeing a rotation back into the semiconductor, hardware and software companies that are driving the revolution. One industrial company on my radar — that I don't yet have a position in — is Vertiv (VRT) . The company provides liquid cooling systems for data centers powering AI. I know it's a wide zone, but consider the percentage gain this stock has experienced in the past 2 years. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Todd Gordon, Gordon Organizations: Edge, Inside Edge, CNBC, NBC UNIVERSAL Locations: —

☆ Charts indicating Alphabet may be bottoming here even with government break-up overhang
▼ + stars: | 2024-10-10 | by ( David Keller | ) www.cnbc.com time to read: +3 min

Let's dig into what this pattern represents, and what key price level investors should be watching for in the days to come. This week's sell-off could result in the formation of the right shoulder, completing the set-up of this bullish price pattern. Further price support could emerge at the 61.8% retracement level using the March to September rally as a framework for the analysis. Note how this neckline lines up almost perfectly with the 38.2% Fibonacci retracement level using the framework described above. Other Magnificent 7 stocks Interestingly enough, Alphabet is not the only Magnificent 7 name testing its 200-day moving average this week.

Persons: GOOGL, David Keller Organizations: Inc, Microsoft Corp, CMT, CNBC, NBC UNIVERSAL

☆ Katie Stockton has an under-the-radar way to play the comeback in wheat and other soft commodities
▼ + stars: | 2024-09-23 | by ( Katie Stockton | ) www.cnbc.com time to read: +8 min

Persons: CTVA, Katie Stockton Organizations: Invesco DB Agriculture Fund, Wheat, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: CTVA

☆ How to determine if this comeback rally is for real, according to the charts
▼ + stars: | 2024-08-13 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

Stocks have made a nice comeback after testing support last week in the wake of a violent summer swoon tied to the yen carry trade. I run four equity portfolios at Inside Edge Capital, the most actively managed is appropriately named "Active Opps." In this article I'll cover the technical formation of the resistance zone as well as the option hedge we're using. If this is an ill-fated rally, or a so-called bear market rally, my bet is it will fail around this zone. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Nvidia's, Todd Gordon Organizations: Edge, Nasdaq, Inside Edge, CNBC, NBC UNIVERSAL

☆ The energy sector decline is overdone and this stock could lead the bounce, according to the charts
▼ + stars: | 2024-08-12 | by ( Katie Stockton | ) www.cnbc.com time to read: +7 min

Persons: DVN, Katie Stockton Organizations: Devon Energy, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: Devon

☆ A look at Spotify’s chart after its post-earnings jump — and where it can go from here
▼ + stars: | 2024-07-23 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

This reaction is especially encouraging, as it's happening during a tumultuous market environment with lots of geopolitical and domestic political uncertainty. Looking at Spotify, we own it in our growth portfolio at Inside Edge Capital, first adding the position in February 2023. Judging by this post-earnings reaction, I see the stock moving above $400 in coming months. -Todd Gordon, Founder of Inside Edge Capital, LLC DISCLOSURES: Gordon owns SPOT personally and in his wealth management company Inside Edge Capital. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Todd Gordon, Gordon Organizations: Spotify, Netflix, Communication, Edge, Inside Edge, CNBC, NBC UNIVERSAL

☆ This health-care stock just broke out higher and shows little signs of slowing down, according to charts
▼ + stars: | 2024-07-22 | by ( Katie Stockton | ) www.cnbc.com time to read: +2 min

During earnings season, we can gain value from the charts by judging how stocks react to their reports. We are especially mindful of support and resistance levels, watching for breakouts and breakdowns as technical catalysts. This supports upside follow-through for IQV in the weeks ahead towards resistance from a Fibonacci retracement level near $258. We ultimately expect the stock to retest final resistance, near $285, with a long-term time horizon. Long-term support on the chart is defined by the weekly cloud model, which rises to roughly $215 next month.

Persons: Katie Stockton, Will Tamplin Organizations: IQVIA Holdings, IQV, CNBC, NBC UNIVERSAL Locations: IQV

☆ Downside targets to watch for Nvidia, according to the charts
▼ + stars: | 2024-07-18 | by ( David Keller | ) www.cnbc.com time to read: +3 min

It's time to consider downside targets for A.I.-darling Nvidia. The first half of 2024 was all about stocks like Nvidia Corp. (NVDA) riding the A.I. On the short-term chart of NVDA, we can see a series of bearish engulfing patterns in mid-June and again in mid-July. And when the price returned to that price range earlier this month, we saw the same pattern of short-term distribution. This support level also lines up with a 38.2% Fibonacci retracement of the April to June rally phase, and also lines up with the 50-day moving average.

Persons: I'd, David Keller Organizations: A.I, Nvidia Corp, Nvidia, Nasdaq, CMT, CNBC, NBC UNIVERSAL

☆ How to construct a winning options strategy on a software stock that had a big June
▼ + stars: | 2024-07-02 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

The charts indicate the TurboTax maker could be caught in a trading range from here and I've got an options strategy that wins if it remains stuck. An Iron Condor is a great trade structure to use when dealing with trading ranges like this one. To construct an Iron Condor, all I have to do is sell a call credit spread and a put credit spread at the same time. Most trading platforms will allow you to put this trade as one unit by selecting "Sell Iron Condor" as the trade structure. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: I've, INTU, Nishant Pant Organizations: Intuit, Condor, Iron Condor, CNBC, NBC UNIVERSAL

In a more defensive environment, we instead gravitate to lower volatility, higher dividend-paying stocks. By October, AT & T had pounded out a series of higher lows, confirming a rotation to a bullish trend. As a long-term trend gauge, I would assume that any price action above this trendline is still within the context of a bullish phase. I've also drawn a short-term trendline in pink, lining up the price lows in April, May, and June. Since an uptrend is formed by a pattern of higher highs and higher lows, then a consistent short-term uptrend would most likely remain above this trendline.

Persons: we've, I've, I'm, David Keller Organizations: CMT, CNBC, NBC UNIVERSAL, & $

☆ A bearish options trade that wins if Nvidia and the QQQs continue to cool off
▼ + stars: | 2024-06-25 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Nvidia (NVDA) is finally showing signs of profit-taking, suggesting that the entire technology sector might be ready for a breather. This could present many bearish trading setups in various stocks because of the influence Nvidia has had leading the AI bubble. For now, let's focus on making a bearish trade in the Invesco QQQ Trust , an ETF that tracks the Nasdaq 100 index. The Trade The trade structure I have chosen here is called a Bear Call Spread also known as a Call Credit Spread. As long as QQQ stays below $483 in the next 17 days, this trade will return a 38% ROI on the money risked.

Persons: Nishant Pant Organizations: Nvidia, Trust, CNBC, NBC UNIVERSAL

☆ Meta poised for another breakout, according to the charts
▼ + stars: | 2024-06-18 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

Meta (META) is about 5% from all-time highs and technically set up for a move to break to a new record. Since then during its 'year of efficiency' free cash flow has been built back to about $11-$13 billion per quarter for a yearly cash flow of about $50 billion. Meta is already making significant progress as its AI-generated content recommendation systems on Instagram Reels has made sharing among users increasingly popular. Analysts are expecting Meta to grow earnings by 14% for the next two years and revenues by about 12%. -Todd Gordon, founder of Inside Edge Capital, LLC DISCLOSURES: (Gordon owns META personally and in his wealth management company Inside Edge Capital Management, LLC Charts.)

Persons: we've, Todd Gordon, Gordon Organizations: Inside Edge, Reality Labs, Meta, Nvidia, Apple, Alpha, Inside Edge Capital Management

☆ There's trouble brewing in the financial sector, according to the charts
▼ + stars: | 2024-06-13 | by ( David Keller | ) www.cnbc.com time to read: +3 min

The financial sector, along with other value-oriented sectors, is beginning to significantly underperform the major equity benchmarks over the last six weeks. We'll share a potential short candidate, close to breaking down through a key support level that could indicate much further downside to come. First, let's visualize the relative performance of the financial sector, along with three other value sectors that have all shown deterioration since April. In searching through the financial sector for an actionable chart to play potential downside, I discovered that Progressive Corp. (PGR) is showing all the signs of a bearish rotation. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: PGR, I'm, David Keller Organizations: Progressive Corp, Progressive, PGR, CMT

☆ 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

☆ Copper and this related stock set to make another run at the highs, according to the charts
▼ + stars: | 2024-06-04 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

Back in April we covered the breakout in Southern Copper (SCCO) from $116 a share. I think it can hold that support again and, along with underlying copper futures, mount another attack on the highs. Copper demand just recently exceeded 25 million metric tons this year and with the explosion in AI and with the move towards clean energy, copper demand is expected to reach 40 million metric tons in the next 15 years. Turning to our focus stock, Southern Copper (SCCO), the chart is also pulling back into a very similar correction with anticipated support in the $115-$105 zone. Southern Copper beat their top and bottom line earnings estimates for Q1 in April, and looking ahead the growth is expected to continue.

Persons: Jensen Huang, We're, Todd Gordon, Gordon, SCCO Organizations: Nvidia, Elliott, Edge, . Southern, Inside Edge, Inside Edge Capital Management Locations: South America, China, .

☆ The charts say more pain for Salesforce could be ahead in the short-term before bottoming
▼ + stars: | 2024-05-30 | by ( David Keller | ) www.cnbc.com time to read: +4 min

What do the charts say after this sudden 20% drop in price? After making a new all-time high of around $318 in early March, Salesforce demonstrated choppy, sideways price action into mid-April. A gap lower in price pushed CRM below its 50-day moving average, which often serves as an early warning sign of an impending trend change. From mid-April until this week, Salesforce has again settled into a sideways price range, this time between $268 and $290. While CRM was in a somewhat precarious position leading into this week, the gap lower post-earnings represented a sudden revaluation for this former technology leader.

Persons: Let's, Salesforce, we'd, it's, David Keller Organizations: CRM, CMT

☆ This cybersecurity stock is breaking out as industry rides the AI boom, according to the charts
▼ + stars: | 2024-05-28 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

Crowdstrike (CRWD) is a best-in-class cybersecurity leader that is poised for a technical breakout from resistance, despite being richly valued. One of the top concerns for firms in a post-pandemic world of remote, at-home workers is cybersecurity. Plus, the industry will also benefit greatly from the generative AI and cloud computing boom. And the long-term outlook for cybersecurity stocks is quite bullish as we power into what Nvidia's Jensen Huang refers to as 'the next industrial revolution'. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Cybersecurity, Morgan Stanley, Elliott, Nvidia's Jensen Huang, Todd Gordon, Gordon, CRWD Organizations: Alto Networks, Palo Alto Networks, Tactical Alpha, Edge, Inside Edge, Inside Edge Capital Management

☆ 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

☆ This rallying energy drink stock is set to break out above $100, according to the charts
▼ + stars: | 2024-05-14 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

Celsius (CELH) is an energy drink company that emerged from small cap status in 2020 to a $21 billion market cap company today. The stock carries a hefty valuation, but with the recent breakout following earnings last week I think it can rally even higher. I first wrote about Celsius here on Jan 17 as the stock was gearing up to break through the $63 and $69 resistance levels. The fundamental case Even so, last week's Q1 earnings report was met with some confusion. The chart below shows CELH quarterly revenue growth with the most recent quarter showing a slight lower-high based on that $355 million top line figure.

Persons: Red Bull, we'll, Todd Gordon, Gordon, CELH Organizations: Red, Monster Beverage, Elliott, Pepsi, Tactical Alpha, Inside Edge, Inside Edge Capital Management

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