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☆ Energy ETF setting up for a breakout of a two-decade range, according to the charts
▼ + stars: | 2024-10-02 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

The Energy Select Sector SPDR ETF (XLE) was the worst performing sector ETF in September. The XLE ETF (and many of its holdings) has been trying to etch out a bottom for a number of weeks, and the charts we're reviewing today suggest that momentum finally could be turning positive. XLE has been making lower lows and lower highs since peaking in March. Both prior times, eventually logging a higher low gave XLE the firepower it needed to finally punch through a key downtrend line. Recently, the higher lows have been marginal, but considering that we haven't seen a material lower low in nearly five years, it's noteworthy.

Persons: it's, XLE, It's, XLE's downtrend, We've, Said, we're, Frank Cappelleri Organizations: CNBC, NBC UNIVERSAL

☆ Bitcoin rallied on Thursday, but recent history says this pop will fade as well
▼ + stars: | 2024-09-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin rallied on Thursday, but if trading this year is any guide, this pop will be one to fade. Bitcoin is down 13% from its March 13 record and ether has tumbled 34% in the same period. With a year-to-date gain of 50%, bitcoin is considered to be in a bull cycle that began in March 2023. The most recent Bitcoin halving took place in April, and the post-halving highs historically don't come until about 18 months after the supply cutting event . Between the popularity of bitcoin ETFs that launched in January, the slowing of the bitcoin supply and a slew of other macro and micro catalysts, many traders are holding out for a price surge.

Persons: Bitcoin, it's, Wolfe, Rob Ginsberg, Ginsberg Organizations: Federal Reserve, BTC, Securities, Exchange, & $

☆ The revived craze for GameStop is confusing Wall Street. It's 'not in a position to be profitable'
▼ + stars: | 2024-05-13 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

The return of "Roaring Kitty" sparked a jaw-dropping advance in GameStop shares Monday, but such a speculative rally in an unprofitable company will likely end badly once again. Roaring Kitty, the man who inspired the meme stock mania of 2021, resurfaced online with a cryptic image showing a man in a chair leaning forward. GME 5D mountain GameStop Pachter has a underperform rating on GameStop and a $5.60 price target. At Monday's peak, GameStop hit $38.20. During 2021's mania, GameStop shares hit an all-time high of $120.75 intraday, adjusted for a subsequent 4-for-1 stock split in the summer of 2022.

Persons: Kitty, Michael Pachter, Pachter, Jeff deGraaf, he's, deGraaf, Jerome Powell, Bernstein, Mark Schilsky Organizations: GameStop, CNBC, Federal Reserve, Macro

☆ A veteran trader breaks down the technical-analysis tool he uses to singlehandedly determine when to enter and exit a trade
▼ + stars: | 2024-01-29 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

While many trading tools and indicators can be used to chart price action, Vernier says every market participant needs to find the most sensible combination for their own purposes. On the other end, a low is a "swing low" (lower candle #2) if it has a higher low on its left (lower candle #1) and a higher low on its right (lower candle #3). Bitcoin chart demonstrating the swing low candle or lower extreme and the swing high candle or upper extreme. Related storiesIf the asset price does, in fact, reverse higher upon reaching the retracement level, he sells it before it reaches the next one. This same process can be applied to a downturn, although the trader will be instead be shorting, as a bet the asset price will continue declining in the longer run.

Persons: Shain, He's, Vernier Organizations: Business

☆ At 5%, this is where chart analysts say the 10-year Treasury yield is headed next
▼ + stars: | 2023-10-20 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

US10Y 5D mountain 10-year yield this week The benchmark 10-year Treasury yield briefly reached the 5% milestone late Thursday, raising questions of how long it will stay elevated and what the effect will be on stocks. "This is the last leg of the upmove" from the 2020 low, when 10-year yields touched 0.31%, he said. Fairlead Strategies founder Katie Stockton also pinned 5.25% as the next resistance level for the 10-year bond yield. Meanwhile, Piper Sandler's chief market technician Craig Robinson also said the 10-year yield is due for a pullback. Ciana, on the other hand, estimates the 10-year yield likely staying above 5% for a while.

Persons: Wolfe, Rob Ginsberg, Ginsberg, Paul Ciana, Elliott, Ciana, Katie Stockton, Piper, Craig Robinson, Robinson Organizations: Treasury, Atlanta, RBC, Wolfe Research, Bank of America Locations: Stockton

☆ After a down day for the market, Cramer tells investors to have patience
▼ + stars: | 2023-08-17 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

After a down day for the market, CNBC's Jim Cramer told investors to have patience. If you've invested in fundamentally good companies, wait for the sell-offs to end, he advised. Thursday's market moves reminded Cramer of his experience with Intuit, a business-service software company that now trades in the $480s. Cramer stressed that sometimes good companies have hiccups, and that investors should try to ride out downtrends if they believe their companies will succeed. In fact, investors would be wise to buy good companies into the dip instead of selling them, he advised.

Persons: CNBC's Jim Cramer, you've, Cramer Organizations: Dow Jones, Nasdaq, Intuit Locations: Treasurys

☆ Malaysia's sovereign wealth fund seeks greater portfolio resilience in volatile markets
▼ + stars: | 2023-06-27 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

Malaysia's sovereign wealth fund Khazanah Nasional is rebalancing its investment portfolio for greater resilience against market volatility, according to its managing director. Khazanah's net asset value declined 5% to 81 billion ringgit ($17.4 billion) in 2022 from a year ago, hit by global market downtrends, the fund said in March. The Kuala Lumpur-based fund invests more than half of its portfolio in public markets. "Looking at the volatility in the market, we are still in the process of rebalancing our portfolio," he added. Khazanah posted a 1.6 billion ringgit ($343 million) net profit in 2022 — more than doubling its net profit from the year before and a fourth-straight annual net profit after an unprecedented plunge in 2018.

Persons: Amirul Feisal Wan Zahir, Khazanah Organizations: CNBC, Energy Asia Locations: Khazanah Nasional, Kuala Lumpur

☆ Wall Street is placing its bets for a big Fed meeting and inflation reports
▼ + stars: | 2023-06-09 | by ( Scott Schnipper | ) www.cnbc.com time to read: +6 min

The betting is also that the latest inflation reading for May that will be reported Tuesday, just as the two-day Fed meeting gets underway, will show additional progress in the fight against higher prices. Those views have helped power a broader stock market rally on Wall Street this month. In fact, the combination of the narrow stock market rally in 2023, until this month at least, plus the low VIX reading, leads Demmert to expect a 10% stock market correction at some point. "The stock market at large is in overbought territory and investors are very complacent, which was the case prior to the past three major declines within this 18-month bear market. Between the June and September meetings, the Fed would get three more inflation and three more payrolls reports.

Persons: Russell, Scott Ladner, Ladner, James Demmert, that's, Demmert, Jerome Powell's, Paul Ashworth, Ashworth, Jerome Powell, John Wiley, CNBC's Hakyung Kim, Michael Bloom, Jeff Cox Organizations: Fed, CME Group, CPI, Horizon Investments, Street Research, Investors, North, Capital Economics, Capital, UBS, Federal, Philadelphia Fed, Adobe, University of Michigan Locations: Charlotte , North Carolina, SPX, downtrends, North America

☆ Analysis: Bearish fundamentals, buoyant charts complicate outlook for US stocks
▼ + stars: | 2023-04-21 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

Technical indicators such as equity price movement largely show stocks are poised to continue a rally that has seen the S&P 500 climb 8% year-to-date, analysts who track them said. TECHNICALLY SPEAKINGThe S&P 500 (.SPX) has traded in a 9.7 percentage point range year-to-date, its narrowest range for comparable periods since 2017. Johnson, who has a year-end S&P 500 target of 4,625, is encouraged by the reversals in downtrends for many U.S. stock indexes. The S&P 500 has traded higher 83% of the time for the full year, returning an average 13.73%, when it hasn't dropped below the preceding year’s December low in the first quarter, a Piper Sandler analysis showed. The S&P 500 is trading at about 18 times 12-month forward earnings estimates compared to its long-term average P/E of 15.6 times, according to Refinitiv Datastream.

☆ Meritage Homes CEO Phillippe Lord on the housing market
▼ + stars: | 2023-02-02 | 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 EmailMeritage Homes CEO Phillippe Lord on the housing marketMeritage Homes CEO Phillippe Lord joins 'Closing Bell' to discuss the Fed rate hikes impacting mortgages, downtrends in existing and new home prices, and competition among homebuilders.

☆ This isn't a bull market yet, but it's starting to look like one
▼ + stars: | 2023-01-17 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

That is not a bull market yet, but it's getting there. What would it take for a real bull market to show itself? "You don't get a secular bull market in stocks until the wind is at your back," he said Friday on " Power Lunch ." "In market downtrends like this one, prices typically bottom some 10 months ahead of a bottom in earnings," Gretz explains. "In other words, wait for the trough in earnings, and you're some 10 months late to a new bull market.

☆ Bitcoin chart is breaking down, has another 30% downside from here, Canaccord Genuity predicts
▼ + stars: | 2022-12-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

"The recent breakdown by bitcoin and [ether] below important support near $18,431 and $1,256, respectively, confirms they are in new intermediate-term downtrends," analyst Javed Mirza said in a note Thursday. "This is a strong technical negative and opens the door for a test of major support near $11,918 and $560, respectively, or another 30% and 57% downside from current levels." On Wednesday, bitcoin crossed over the $17,000 level for the first time in two weeks, according to Coin Metrics. That could take bitcoin and ether higher by 27% and 15%, respectively. "The crypto industry is rhyming with the 1990s internet craze," Mirza said.

☆ Feared stock market bottom retest is now underway
▼ + stars: | 2022-09-24 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The first 60% reading was not at the decisive market low, though a year after each of them stocks were higher. The S & P index, maybe, at just under 16-times forecast profits, with some cross-asset models saying it should be perhaps two multiple points cheaper. Outside of the five largest S & P 500 names (Apple, Microsoft, Alphabet, Amazon and Tesla), the rest of the index is closer to a 14 multiple, with the equal-weighted S & P around 13. The three-year S & P 500 total return is still 9% annualized, meaning the bear hasn't yet really cut into muscle for longer-term investors. We'll see how this all plays into the feared market retest now underway.

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