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☆ Buying opportunity or time to bail? What to do with gold following the postelection selloff
▼ + stars: | 2024-11-14 | by ( David Keller | ) www.cnbc.com time to read: +4 min

First, let's recognize the strength of the uptrend in gold leading into November 2024. While the two trends were both higher in October, a post-election surge in the US Dollar appeared to signal the end of the golden era of gold in 2024. And while the long-term chart of gold remains in decent shape, the short-term reversal in recent weeks has pushed gold stocks down to key price support. Now the GDX is testing its 200-day moving average, which also represents a 50% retracement of the 2024 bull phase. In terms of a longer-term inflection point for gold, it's all about finding signs of accumulation.

Persons: it's, wasn't, we'd, David Keller Organizations: Nasdaq, Gold Miners, CMT, CNBC, NBC UNIVERSAL

☆ US vs. Chinese replenishment ships: The workhorses that keep aircraft carriers operating
▼ + stars: | 2024-11-10 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +12 min

Yet for all their importance, their missions would be impossible if not for the US Navy's unsung workhorses: replenishment ships. But replenishment ships also form the weakest link in the chain of American and Chinese carrier groups. Chow Chung-yan/South China Morning Post via Getty ImageChina's replenishment shipsThe US Navy has over 100 years of experience building and operating replenishment ships. Ultimately, the Chinese opted to pursue a new design for its next replenishment ships: the Type 903-class oiler. China has the largest shipbuilding industry in the world, however, enabling it to quickly build more oilers and convert some of its merchant ships into replenishment ships.

Persons: —, Jason R, Henry J, Kaiser refuels, Kenan O'Connor, Kaiser, Lewis, Clark, Dwight D, Eisenhower, Cole Keller, John Lewis, Harvey Milk, Earl Warren —, USNS Robert F, Kennedy, Chow Chung, Michael Singley, Chaganhu, Benjamin Brimelow Organizations: Service, US, Supply, Military Sealift Command, US Navy, Military Sealift Command's Combat Logistics Force, MSC, FAS, USNS Supply, Navy, General Dynamics, USNS, General Dynamics's National Steel and Shipbuilding Company, China Morning, Soviet Navy, NATO, USS Supply, Japanese Ministry of Defense, Sealift Command, Big, Global Affairs, Fletcher School of Law, Diplomacy, Business, Modern, Institute Locations: China, Red, Getty, Ukraine, Gulf, Aden, Shandong, Taiwan, Guam, South China, Pacific, USNS Pecos, Israel, Iran, West

☆ Europe's banks brace for tougher competition under Trump 2.0
▼ + stars: | 2024-11-09 | by ( ) www.cnbc.com time to read: +2 min

JPMorgan , Goldman Sachs and Morgan Stanley shares all soared while the STOXX Europe 600 Banks index is down more than 1% for the week. "If U.S. banks get the expected policy support, they could ramp up loan volumes and optimize capital in ways that Europe's banks just can't match right now," Materazzi said. Since early 2010, European banking shares have fallen 10%, while U.S. lenders have more than tripled. The European Central Bank has estimated that euro zone banks' return on equity fluctuates around 5%, against 10% in the U.S., linking it to higher U.S. fee income and legacy non-performing loans with which European banks still grapple. A wave of deregulation should give European banks some leverage to lobby for easing the rules in Europe, which are already more onerous, one banking executive told Reuters.

Persons: Boris Roessler, Donald Trump, Goldman Sachs, Morgan Stanley, David Materazzi, Materazzi, Karin Keller, Sutter, Rachel Reeves, Trump Organizations: Getty, JPMorgan, Galileo, European Central Bank, Trump . Swiss, Reuters, The Locations: Frankfurt, U.S, Britain, Basel, Italy, USA, Europe, The U.S

☆ 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

☆ While the Magnificent 7 stocks flounder, this forgotten growth name is breaking out
▼ + stars: | 2024-10-31 | by ( David Keller | ) www.cnbc.com time to read: +3 min

With the Magnificent 7 stocks floundering this week, and about 30% of the S & P 500 members breaking below their 50-day moving average in October, where can investors find emerging strength? The structure of the daily chart remains positive as long as Visa remains above the $290 price point, which now serves as potential support. The weekly RSI has remained above 40 during pullbacks in October 2023 and June 2024, demonstrating that the overall momentum picture remains bullish on the long-term time frame. Similar to the buy signal in November 2023, we see this as a sign of renewed bullish sentiment for Visa. And as long as Visa remains above moving average support, this payment processor could be headed to much further gains into early 2025.

Persons: David Keller Organizations: Visa, RSI, pullbacks, CMT, CNBC, NBC UNIVERSAL

☆ Firefly fossil reveals a previously undiscovered species that flickered during the time of dinosaurs
▼ + stars: | 2024-10-24 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +5 min

And now scientists have confirmed a new one: Diverse firefly species lit up the night during the late Mesozoic. The discovery comes from a fossil of an ancient firefly species that was initially discovered in 2016, trapped in 99 million-year-old Burmese amber from northern Myanmar. The beetle is only the second firefly species from the Mesozoic to be identified. Because only one other Cretaceous firefly species has been identified, “this new species can be used to revisit the (July 2022 study) to better date the evolution of fireflies given the new evidence,” he added. Firefly diversityThere are more than 2,000 firefly species found today, according to the Natural History Museum in London.

Persons: Flammarionella, ”, Chenyang Cai, Cai, Oliver Keller, Ann Arbor, ” Keller, Keller, Camille Flammarion, Robin Kundrata, Kundrata, ” Kundrata Organizations: CNN, Royal Society, Biological Sciences, Nanjing Institute of Geology, Chinese Academy of Sciences, University of Michigan, Palacký University Olomouc Locations: Myanmar, Beijing, Ann, London, Czech Republic

☆ Top 45 MLB free agents for 2024-25 with contract predictions, team fits: Will Soto get $600M+?
▼ + stars: | 2024-10-24 | by ( Jim Bowden | ) www.nytimes.com time to read: +48 min

MLB free agency is almost here so it’s time for my annual ranking of the top free agents with contract predictions and the best team fits for each player. Best team fits: Dodgers, Yankees, Mets, Diamondbacks, Red SoxSalary comps: NoneContract prediction: Minor-league contract4. Several teams have early interest in Walker, with the Astros and Mariners being the best early team fits. Best team fits: Padres, Rangers, Dodgers, Orioles, Guardians, MetsSalary comps: N/AContract prediction: None at this time19. Best team fits: Yankees, Mariners, Diamondbacks, BrewersSalary comps: Anthony Rizzo (2 years, $40M); Josh Bell (2 years, $33M)Contract prediction: 1 year, $15 million42.

Persons: Juan Soto, Corbin Burnes, Blake Snell, Max Fried, Roki Sasaki, Pete Alonso, Anthony Santander, Christian Walker, Alex Bregman, I’ve, He’s, Aaron Judge, Bobby Witt Jr, Soto, Mike Trout, Mookie Betts, Cy Young, Burnes, Stephen Strasburg, Jacob deGrom, Aaron Nola, Roki, Sasaki, he’s, Gerrit Cole, Cole, Cole won’t, Will, Brett Davis, They’ll, Carlos Rodón, Patrick Corbin, Tyler Glasnow, Pete, Matt Olson, Nolan Arenado, Kris Bryant, Carlos Correa, George Springer, Matt Chapman, Nolan Arenado’s, Dana Brown, Xander Bogaerts, Snell, —, José Berríos, Sonny Gray, Freddy Peralta, Peralta, Anthony, Shohei Ohtani, Tommy Gilligan, Brandon Nimmo, Willy Adames, Corey Seager, Andrew Friedman, Adames, Dansby Swanson, Javier Báez, Trevor Story, Marcell Ozuna, Ozuna, Walker, Paul Goldschmidt, Anthony Rizzo, Cody Bellinger, Cody Bellinger didn’t, Bellinger, Nick Castellanos, Kyle Schwarber, Shane Bieber, Tommy John, Bieber, Sean Manaea, Brad Penner, Manaea, Hyun Jin Ryu, Eduardo Rodriguez, Chris Bassitt, Miles Mikolas, Jack Flaherty, Flaherty, NL Cy Young, Lance McCullers Jr, Mitch Keller, Pablo López, Kyle Hendricks, Tomoyuki Sugano, Sugano, Michael Wacha, Jameson Taillon, Jon Gray, Nathan Eovaldi, Seth Lugo, Teoscar Hernández, Jayne Kamin, Teoscar, Hernández, Starling Marte, Jorge Soler, Walker Buehler, Buehler, Tanner Scott, Raisel Iglesias, Robert Suarez, Jurickson, Profar, Mitch Haniger, Lourdes Gurriel Jr, Michael Conforto, Eugenio Suárez, Suárez, Chris Taylor, Max Muncy, Jordan Montgomery, Wasserman, Ken Kendrick, Montgomery doesn’t, Seong Kim, Mike Shildt, Kim, J.P, Crawford, Jeff McNeil, Nico Hoerner, Orlando Arcia, Gleyber Torres, Torres, Tyler O’Neill, Bob DeChiara, Cody Bellinger —, O’Neill, Andrew Benintendi, Ian Happ, Yusei Kikuchi, Kikuchi, Tyler Anderson, Brandon Lowe, Lowe, Brandon Drury, Jorge Polanco, Nick Martinez, Martinez, Charlie Morton, Frankie Montas, Joc Pederson, Rhys Hoskins, Mitch Garver, Justin Turner, Charlie Blackmon, Carlos Estévez, Gregory Fisher, Estévez, Dave Dombrowski, Jeff Hoffman, Kendall Graveman, José Alvarado, Joe Jiménez, Ryan Pressly, Taylor Rogers, Luis Severino, Zach Eflin, Lucas Gioloto, Marcus Stroman, Reynaldo López, Jose Quintana, Tyler Mahle, Blake Treinen, Emilio Pagán, Wandy Peralta, Alex Verdugo, Mark Canha, Manuel Margot, Hunter Renfroe, Jose Iglesias, Chris Sale, Iglesias, Isiah Kiner, Miguel Rojas, Goldschmidt, Josh Bell, Hoskins, Hoffman, Matt Strahm, Chris Martin, Matthew Boyd, Boyd, Lance Lynn, Kyle Gibson, Clay Holmes, Luke Weaver, Dan Goldfarb, Mary DeCicco, Daniel Shirey Organizations: MLB, eventual, The Athletic, Baseball, OF, Boras, Yankees, American League, New York, Blue Jays, Dodgers, Phillies, Rangers, Nationals, Mets, Orioles, Red Sox, Chiba Lotte Marines, NPB, Diamondbacks, Angels, Kansas City, Braves, FIP, Star, Mariners, Astros, Giants, Rockies, Cardinals, Cy Young, Brewers, Milwaukee, Anthony Santander, RF, Santander, Reds, Adames, Rays, Cubs, Pirates, Cy, Guardians, Padres, Tigers, NL Cy, Twins, Yomiuri Giants, of Famers, Royals, Excel, Marlins, NL, The Diamondbacks, Montgomery, Sox, Tampa Bay, White Sox, Atlanta, Talent Sports, Apex, Athletics, Getty Locations: Bronx, Japan, New York, Houston, Walker, Seattle, Bledsoe, Tampa, Philadelphia, Fiume

☆ Forget AI stocks, this supermarket name is more exciting, says chart analyst
▼ + stars: | 2024-10-24 | by ( David Keller | ) www.cnbc.com time to read: +3 min

We can see the cup-with-handle pattern developing on the daily chart, consisting of a six-month rounded bottoming pattern followed by a brief pullback in the month of October. The key to a cup with handle pattern is the "rim" of the cup, which is essentially a trendline connecting the highs during the price pattern. Other indicators on the chart seem to suggest that an impending breakout is likely, especially the RSI which has been in a bullish range since July of this year. Similar to the daily chart, we can see the weekly RSI has been in a bullish range for the last five years. This continued bullish momentum range suggests a bullish secular trend, reinforcing the upside potential represented on the daily chart.

Persons: I'm, I've, David Keller Organizations: Kroger Co, Kroger, RSI, CMT, CNBC, NBC UNIVERSAL

☆ There is enough competition for banks in Switzerland, says country's finance minister
▼ + stars: | 2024-10-24 | 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 EmailThere is enough competition for banks in Switzerland, says country's finance ministerKarin Keller-Sutter, Switzerland's finance minister, discusses geopolitical fragmentation and banking consolidation in the country.

Persons: Karin Keller, Sutter Locations: Switzerland

☆ Oakland Hills fire in California damages 2 homes, sparks evacuations
▼ + stars: | 2024-10-19 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +1 min

Crews were "working aggressively to fully extinguish" the blaze in Oakland Hills, named the Keller Fire, the Oakland Fire Department said in an update on X early Saturday morning. Wind carried flames into a grove of Eucalyptus trees, where it has grown to 15 acres, NBC Bay Area reported. Oakland fire said two homes have been impacted by flames. Evacuation orders were initially issued for Campus Drive and Crystal Ridge Court, NBC Bay Area reported, before it expanded to surrounding areas. Sims told NBC Bay Area that her husband was inside their home when the landscape caught on fire and caused a front window to explode.

Persons: Crews, Damon Covington, Sanford, Sheng Thao, Delane Sims, Sims Organizations: Oakland Fire Department, NBC Bay, California Department of Forestry, Fire, Court, NBC Bay Area, Oakland Locations: Oakland , California, Oakland Hills, Oakland, Maynard, Greenridge, Oaks

☆ Here's exactly how to prepare for a Trump or Harris presidency — and how to build a 5-part 'election-proof portfolio'
▼ + stars: | 2024-10-19 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

US stocks usually fall in autumn. "The amount of warning you often get between the peak happening and a pretty significant downturn is pretty limited, right? "What usually happens in an election year is, November and December are pretty bullish for stocks," Keller said. The veteran strategist also talked about what he's half-jokingly calling "Dave's election-proof portfolio" of investments. AdvertisementBelow are Keller's best ideas for either a Trump or Harris win, plus five investments that should be fine either way.

Persons: Stocks, David Keller, —, hasn't, Keller, shouldn't, Harris, Whoever's, he's, Donald Trump, Kamala Harris Organizations: Service, Sierra Alpha Research, Trump

Most of the fake electors and election deniers did not respond to CNN’s request for comment. MichiganOut of the seven states Trump targeted in 2020, Michigan’s slate of Republican electors for 2024 has – by far – the largest share of election deniers and 2020 fake electors. Five of the 2020 fake electors from the state were tapped to serve as 2024 electors. Thanks to this hedged language, the 2020 fake electors in Pennsylvania weren’t charged. WisconsinTo settle a civil lawsuit brought by Wisconsin’s real 2020 Democratic electors, the state’s fake GOP electors from 2020 agreed to stay out of the 2024 election process.

Persons: Donald Trump’s, Joe Biden’s, Trump, “, ”, Lindsey Miller, Mike Pence, Pence, Kamala Harris, Pete Hoekstra, Meshawn Maddock, Marian Sheridan, John Haggard, Timothy King, Amy Facchinello, Hank Choate, Donald Trump, Ryan Garza, Dana Nessel, Jim Tokarski, ” Linda Glisman, ” Andrew Sebolt, Bill Bachenberg, Carla Sands, wasn’t, Fred Keller, Samuel “ Jim ” Worthington, doesn’t, Biden, Michael McDonald, Jesse Law, John Locher, Bruce Parks, Parks, Biden’s, ” Parks, Caroline Jeffords “, Salleigh Grubbs, Suzi Voyles, Voyles, Josh McKoon, Laurie McClain, Loch, ” McClain, Wisconsin’s, Jeff Mandell, Angie Sapik, Nam, Sapik, Debbie Maestas, General Raúl Torrez, Gina Swoboda, Swoboda, ” CNN’s Ethan Cohen, Jason Morris, Scott Glover, Veronica Stracqualursi Organizations: CNN, Trump, Republican Party, Democracy, Republicans, Electoral, Justice Department, Michigan GOP, Capitol, Detroit Free Press, USA, Michigan, Democrat, Detroit News, statehouse, National Rifle Association, Democratic, Nevada GOP, Clark County GOP, Las, Las Vegas . Nevada GOP, Washoe GOP, Washington Post, Fulton, Cobb County GOP, Georgia Republican Party, NPR, Georgia Republican, Gwinnett County GOP, Georgia Republicans, GOP, Patriots, Wisconsin Watch, Wisconsin Center, Wisconsin Republicans, Facebook, New, New Mexico GOP, Republican National Convention, Prosecutors, Foundation Locations: Pennsylvania, Michigan, Wolverine, Michigan’s, Lansing, Denmark, Nevada, Clark County, Las Vegas . Nevada, Las Vegas, Washoe County, Washoe, Georgia, Fulton County, Cobb County, Gwinnett County, Wisconsin, China, Milwaukee, Madison, New Mexico New Mexico, New Mexico, Mexico, Arizona, Trump

☆ The breakout in cruise line stocks may be just getting started, according to the charts
▼ + stars: | 2024-10-17 | by ( David Keller | ) www.cnbc.com time to read: +3 min

While charts like Carnival Corp. (CCL) have once again become overbought, the strength of the recent breakout suggests they may just be getting started. The longer a resistance level is tested, the more meaningful it becomes when the price finally breaks above this price ceiling. As long as CCL remains above this breakout level, the uptrend phase appears to be in good shape. Note the daily RSI which has pushed above the crucial 70 level on the recent breakout. The recent breakout for cruise lines like Carnival Corp. suggests that the uptrend phase may just be beginning.

Persons: Alan Shaw, Alexander Elder, David Keller Organizations: Carnival Corp, RSI, CMT, CNBC, NBC UNIVERSAL

☆ Maine shooting survivors claim Army negligence and FDA's weight-loss drug decision: Morning Rundown
▼ + stars: | 2024-10-15 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +8 min

Supporters of then-President Donald Trump bang on glass where election absentee ballots are counted at Detroit's TCF Center on Nov. 4, 2020. Jeff Kowalsky / AFP via Getty Images fileNearly four years later, the mayhem at the TCF Center is burned into the minds of many election officials, lawyers and poll watchers. An NBC News investigation can now report the extent of the Republican Party and Trump campaign’s involvement in the TCF Center ordeal in 2020. ➡️ Former President Bill Clinton said the election will come down to whether there is a fair and transparent vote tally. ➡️ House Speaker Mike Johnson predicts the election will reflect “a demographic shift” showing larger blocs of voters helping elect Republicans.

Persons: Donald Trump, Trump, “, Jeff Kowalsky, ➡️ Harris, ”, Harris, ➡️, Bill Clinton, Mike Johnson, Robert Card, Card’s, Lilly’s, Mounjaro, wouldn’t, Eli Lilly, Bao Li, Qing Bao —, Jimmy Chin, — Elizabeth Robinson, Elizabeth Robinson Organizations: FDA, Trump, Democrat, TCF Convention, Detroit's TCF Center, Getty, TCF Center, NBC, Republican Party, RNC, Democratic, of Defense, Army, Keller Army Community Hospital, Secret Service, Zoo, Canada, Indiana, ”, Geographic, Ikea Locations: Detroit, AFP, Michigan, Erie , Pennsylvania, Maine, U.S, Lewiston , Maine, West Point , New York, North Carolina, China, Irvine, Everest

One year after an Army reservist perpetrated a mass shooting across Lewiston, Maine, lawyers representing survivors and families of the victims said Tuesday they are pursuing negligence claims against the federal government that could pave the way for 100 individual lawsuits. “Today marks the first step toward ensuring accountability and justice for the families and victims of the worst mass shooting in Maine history,” lawyer Benjamin Gideon of Gideon Asen LLC said in a statement. A candlelight vigil to honor those who died and were injured in the mass shooting in Lewiston last October. The legal cases in Maine are similarly focused on the federal government and actions taken by military members. FBI agents work at the scene of a mass shooting at Schemengees Bar in Lewiston, Maine, on Oct. 26, 2023.

Persons: Robert Card, Benjamin Gideon, Gideon Asen, John Tlumacki, ” Gideon, ideations, Joseph Prezioso, Joel Merry, Merry, Card’s, “, Cynthia Young, William, Aaron, ” Young, ” Organizations: Defense Department, Army, Keller Army Community Hospital, “, Boston Globe, Getty, Air Force, Justice Department, Schemengees, Army Reserve, National Guard Locations: Lewiston , Maine, West Point , New York, Maine, Lewiston, Texas, Sutherland Springs , Texas, U.S, AFP, Sagadahoc County, Saco , Maine, Bowdoin

☆ What Dungeons & Dragons can teach you about parenting
▼ + stars: | 2024-10-13 | by ( Shannon Carpenter | ) edition.cnn.com time to read: +8 min

My brother was always the dungeon master, and I was a wizard who cast fireballs in very enclosed spaces. They have the coolest accessories.”Author Shelly Mazzanoble details what lessons parents can learn from Dungeons & Dragons in her upcoming book, “How to Dungeon Master Parenting." Dawndra Budd/University of Iowa PressOn the 50th anniversary of Dungeons & Dragons, I talked with Mazzanoble to learn how parents can apply the game’s lessons to their parenting. Then it just occurred to me: Why couldn’t I think about parenting the way a dungeon master thinks about a game of D&D? E. Jason Wambsgans/Chicago Tribune/Getty ImagesCNN: What is sandbox framing, and how does that apply to both Dungeons & Dragons and parenting?

Persons: CNN —, Gary Gygax cocreated, Shelly Mazzanoble, ” Mazzanoble, “, Dawndra Budd, Mazzanoble, I’m, — I’m, Gary Gygax, Jason Wambsgans, ”, Shannon Carpenter, Dad ” Organizations: CNN, &, University of Iowa Press, Chicago Tribune, Getty Locations: Keller , Texas, Kansas City , Missouri, Lake Geneva , Wisconsin

☆ 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

☆ Priceline CEO on using OpenAI tech to make travel easier
▼ + stars: | 2024-10-03 | 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 EmailPriceline CEO on using OpenAI tech to make travel easierBrett Keller, Priceline CEO, joins CNBC's 'The Exchange' to discuss his company working with OpenAI, how AI could change the travel industry, and more.

Persons: Brett Keller

☆ Nike stock chart is showing signs of a bottom and a turnaround ahead
▼ + stars: | 2024-10-03 | by ( David Keller | ) www.cnbc.com time to read: +3 min

Before this week's downside price gap, it's worth noting that Nike was testing a major resistance level into last week. To add to this "confluence of resistance," we can also see the 200-day moving average looming large, currently sitting just above $91. The weekly chart can provide some additional context as to what the recent upswing means relative to the long-term trend for Nike. The long-term trend has been decidedly negative for NKE, with price remaining below the 150-week moving average since Q2 2022. Nike also sits below a downward-sloping 40-week moving average, which is essentially the same as the 200-day moving average on the daily chart.

Persons: downtrend, NKE, David Keller Organizations: Nike Inc, Nike, CMT, CNBC, NBC UNIVERSAL

The sticky notes have popped up in gyms and restrooms and even on tampon boxes. Nace doesn’t wait to meet with the La Las to write her sticky notes. Sticky notes became a way for women to participate in politics “without feeling or being afraid of having any repercussions,” she said. It's not clear who started the grassroots sticky notes campaign. Kelly Callaway, 54, of Lino Lakes, Minnesota, ordered sticky notes and estimates she has posted more than 200.

Persons: Kamala Harris, —, Harris, Walz, Susan Visser Saez, Donna Savage, Liz Nace, “, Harris ’, Nace, ” Nace, Kelly Johnson, ”, It's, Jill Keller, Sen, JD Vance, Visser Saez, Courtney Lane, Kelly Callaway Organizations: NBC News, Harris Facebook, Lee’s, Trump, Biden, ”, Republican, Republicans, Facebook, NBC Locations: Bella Vista , Arkansas, Tulsa , Oklahoma, Lee’s Summit , Missouri, Kansas City, Kansas, R, Ohio, Lino Lakes , Minnesota

☆ A key chart breakout by this materials stock suggests more upside to come
▼ + stars: | 2024-09-25 | by ( David Keller | ) www.cnbc.com time to read: +3 min

But improved price action this week suggests Freeport-McMoRan, Inc. (FCX) may be poised for further upside into the fourth quarter. So with a bearish momentum reading at the May peak, then a bullish momentum reading at the August and September lows, FCX was primed for an upside breakout. The breakout in March 2024, leading to the May peak, suggested a new uptrend as the price exited this basing pattern. The stock gapped higher on Tuesday, pushing above short-term resistance around $46 as well as a trendline using the May and July highs. The stock did become overbought this week, with the RSI popping just above the 70 level on the recent breakout.

Persons: FCX, David Keller Organizations: Inc, Freeport, CMT, CNBC, NBC UNIVERSAL Locations: Freeport, McMoRan

☆ A veteran chartmaster shares 7 investments to make ahead of a rare buying opportunity as US stocks stagnate
▼ + stars: | 2024-09-22 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Read previewUS equities are trading near record highs after the Federal Reserve cut interest rates last week, but a long-time chartmaster doesn't believe the euphoria is warranted. Add in an unclear path forward for interest rates and geopolitical risks, and Keller said stocks will struggle to break past today's levels. Homebuilders such as DR Horton (DHI) can be a prime beneficiary of lower interest rates, Keller pointed out. "And when you think about what that means, that usually means: really good setup for homebuilders. Utilities also stand out, not only due to their defensive qualities, but because their yields look more attractive as falling interest rates weigh on bond yields.

Persons: —, doesn't, David Keller, Keller, Whoever's, Donald Trump, Kamala Harris, Harris, Jeff Muhlenkamp Organizations: Service, Federal Reserve, Fed, Business, Sierra Alpha Research, Republican, Enphase, Trump, Utilities Locations: StockCharts.com

☆ Why is everything mini these days?
▼ + stars: | 2024-09-21 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +6 min

Even iced tea brand Snapple has launched an8-ounce bottle, advertised to fit in a mini bag. With the introduction of the mini skirt came the mini clutch bag and then the mini top handle bag. In one of her most popular videos, she stuffs a mini Coach Tabby bag ($195 online) with a mini Charlotte Tilbury lipstick, mini Chanel mascara, mini Tarte Shape Tape concealer, mini Chanel compact powder and a mini Versace perfume — along with other essentials. Covid made her realize she didn’t have to carry around as much as she thought she did, so she jumped on the mini bag trend. Even people who don’t use mini products are locked into Barker’s content.

Persons: New York CNN — It’s, Joe’s, stoke overconsumption, Shawn Carter, Gen Z, Alpha, Carter, ” Carter, Matt Sloan, ” Sloan, Jo Barker’s, Bean, TikTok, Tilbury, mascara, Gucci, Prada, Louis Vuitton, Barker, Covid, I’m, ” Barker, Ulta, ” Anna Keller, Minter, Jeremy Moeller, Keller, “, ” Keller, Melissa Valliant, ” Organizations: New, New York CNN, eBay, stoke, of Technologybusiness, Brands, Getty, Plastic Locations: New York, Instagram

☆ Rallying Microsoft shares could be forming the troubling 'bear flag' chart pattern
▼ + stars: | 2024-09-19 | by ( David Keller | ) www.cnbc.com time to read: +3 min

The foundation of Dow's work was based on the analysis of price trends, comparing swing highs and swing lows to define and track the trends over time. An initial look at the chart of Microsoft (MSFT) may suggest a consistent uptrend of higher highs and higher lows. And while this short-term uptrend is a valid observation, this also means Microsoft may be forming the dreaded "bear flag" pattern, which often precedes a major downdraft. A bear flag pattern occurs when you have an initial downtrend, in this case, the drop from $470 to $385 from early July to early August of this year. If MSFT would drop below $410 in the coming weeks, that would complete the bear flag pattern, and would also push the price back below the 200-day moving average.

Persons: Charles Dow, Downside, David Keller Organizations: Microsoft, MSFT, CMT, CNBC, NBC UNIVERSAL

Crews battling three major California fires could get some relief from record heat and help from the weather as a cooldown preceded minor containment for the blazes. Hot, flame-fanning winds from the desert are dissipating, and the cooler temps may help firefighters give the blaze their best. Firefighters cut and extinguish a fire in a tree as the Bridge Fire burns in the Big Pines hills near Wrightwood, Calif., on Thursday. He also said mutual aid from Washington, Utah, and North Dakota, including firefighters, were sent to Southern California. The weather outlook should give firefighters the weekend and beyond to battle the three fires without unforgiving temperatures.

Persons: Crews, Craig Covey, ” Covey, Etienne Laurent, Anthony Marrone, Kristian Litz, Litz, Jeremy Pierce, Pierce, Justin Wayne Halstenberg, San Bernardino, Fabian Herrera, Gavin Newsom Organizations: California Department of Forestry, Rancho Santa Margarita, Orange County Sheriff's Department . Authorities, AFP, Getty, Angeles County Fire, The California Department of Forestry, Fire Protection, Firefighters, National Guard, National Weather Service Locations: California, Trabuco, Los Angeles, Rancho Santa, Orange, Riverside County, San Bernardino, San Gabriel, Nowhere, Big Pines, Wrightwood, Calif, Angeles, Mount Baldy, Big, San Bernardino County, Highland, San, Washington , Utah, North Dakota, Southern California, San Diego, Los Angeles County

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