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☆ This fast food giant is testing a key long-term level that could signal more volatility ahead
▼ + stars: | 2023-08-23 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Shares of the fast food giant dipped below their 200-day moving average this week. A moving average consists of a security's average closing price over a specified time. The fast food chain finished Tuesday's session at $280.31, just above its 200-day average of $279.86, but dipped below that mark during the session. Still, he warned that McDonald's shares could be in for swings ahead. MCD YTD mountain McDonald's shares this year The company beat expectations on both lines when reporting earnings last month.

Persons: JC O'Hara, Roth, O'Hara, McDonald's, John Kolovos, Kolovos, Refinitiv, Bernstein, Aneesha Sherman, Sherman, Michael Bloom, Gabriel Cortez Organizations: McDonald's hasn't, Wall Street Locations: McDonald's

☆ BTIG's Jonathan Krinsky says markets are halfway through this correction
▼ + stars: | 2023-08-23 | 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 EmailBTIG's Jonathan Krinsky says markets are halfway through this correctionJonathan Krinsky, BTIG, joins 'Closing Bell' to discuss the market correction and what he's seeing in the technicals.

Persons: Jonathan Krinsky

☆ Zero-day-options, weak technicals and China: Breaking down the market’s August headwinds
▼ + stars: | 2023-08-17 | by ( Fred Imbert | ) www.cnbc.com time to read: +4 min

"The S & P is not quite there, but we would be very surprised if it doesn't follow the NDX's lead." On top of that, some are worried that another real estate crisis in China may be brewing. "It's been almost two years since China Evergrande Group, once China's largest real estate developer, shocked the financial markets by defaulting on $340 billion in debt. Since then, the Chinese real estate market has been in a serious slump," wrote Ed Yardeni of Yardeni Research. Investment in real estate fell 8.5% y/y during the first seven months of this year."

Persons: Goldman Sachs, Scott Rubner, Rubner, 0DTE, Technicals, Wolfe, Rob Ginsberg, Ginsberg, It's, Ed Yardeni, we're, Sarat Sethi, Johnson, Sethi, CNBC's, — CNBC's Michael Bloom Organizations: Wolfe Research, Nasdaq, China Evergrande Group, Yardeni, Investment, U.S, JPMorgan Locations: China, U.S, Freeport, McMoRan, Haleon

☆ Piper Sandler's Craig Johnson breaks down the technicals of NVDA, ANF, MRNA & MSFT
▼ + stars: | 2023-08-16 | 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 EmailPiper Sandler's Craig Johnson breaks down the technicals of NVDA, ANF, MRNA & MSFTCraig Johnson, Piper Sandler, joins 'Power Lunch' to discuss technical support for Nvidia, Abercrombie & Fitch, Moderna and Microsoft.

Persons: Piper Sandler's Craig Johnson, MSFT Craig Johnson, Piper Sandler Organizations: Nvidia, Abercrombie, Fitch, Moderna, Microsoft

☆ BTIG's Jonathan Krinsky sees more value in energy over tech
▼ + stars: | 2023-08-11 | 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 EmailBTIG's Jonathan Krinsky sees more value in energy over techJonathan Krinsky, BTIG chief market technician, joins 'Halftime Report' to discuss some risks to the technicals in the Nasdaq.

Persons: Jonathan Krinsky Organizations: Nasdaq

☆ Freedom Capital Markets' Jay Woods breaks down the technicals in the market
▼ + stars: | 2023-08-09 | 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 EmailFreedom Capital Markets' Jay Woods breaks down the technicals in the marketJay Woods, Freedom Capital Markets chief global strategist, joins 'Power Lunch' to discuss the technical support he's seeing in stocks.

Persons: Jay Woods Organizations: Markets, Freedom Capital Markets

☆ JPMorgan's top stock guru says stay underweight equities, investors are too optimistic about economy
▼ + stars: | 2023-08-08 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

JPMorgan's top stock picker Marko Kolanovic says investors should stay underweight equities. But Kolanovic said investors are ignoring the risks that could still lead to a recession. These include the small chance that central banks in developed markets around the world would ease back on interest rates anytime soon. Given this, the strategist advised investors remain underweight equities, particularly in riskier growth stocks. "As such, we maintain an overall defensive stance in our model portfolio, and continue to be UW equities and credit vs. OW in cash and commodities," he said.

Persons: Marko Kolanovic, Kolanovic, Moody's, — CNBC's Michael Bloom Organizations: Reserve, Regional Banking

☆ BTIG's Krinsky gives his read on the technicals in big-cap tech
▼ + stars: | 2023-08-07 | 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 EmailBTIG's Krinsky gives his read on the technicals in big-cap techJonathan Krinsky, BTIG chief market technician, joins 'Closing Bell' to discuss the trouble he sees in the technicals.

Persons: Krinsky, Jonathan Krinsky

☆ Twists and turns galore in Glasgow showdown
▼ + stars: | 2023-08-05 | by ( Martyn Herman | ) www.reuters.com time to read: +3 min

Crow Road, the one categorised climb, will not shred an elite peloton featuring Grand Tour and Classics winners, but once it rolls into Glasgow, battle will truly commence. A 14.3km circuit of the city centre will be tackled 10 times meaning a combined 400 tight corners. "It will be an accumulation of efforts," Van der Poel, who will share the Dutch leadership with Dylan van Baarle, said on Friday. "It's going to be full gas racing," he said, while Philipsen said: "It will be turning, turning, accelerating all the time." Other favourites include two-time Tour de France champion Tadej Pogacar of Slovenia, Denmark's former world champion Mads Pedersen and Poland's Michal Kwiatkowski.

Persons: Fred Wright, Mathieu Van der, Van der Poel, Dylan van Baarle, Van Baarle, Van der, Remco Evenepoel, Jasper Philipsen, Wout van Aert, Evenepoel, Philipsen, Tadej, Mads Pedersen, Poland's Michal Kwiatkowski, Martyn Herman, Christian Radnedge Organizations: GLASGOW, UCI, Montrose, Tour de France, de France, Thomson Locations: Edinburgh, Crow, Glasgow, Grand, Belgian, Slovenia

☆ Jim Cramer's taking a bite out of technicals for Chart Week
▼ + stars: | 2023-08-01 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Jim Cramer's taking a bite out of technicals for Chart Week'Mad Money' host Jim Cramer kicks off 'Chart Week' with Carolyn Boroden, ElliottWaveTrader.net, breaks down her approach to charting.

Persons: Jim Cramer's, Jim Cramer, Carolyn Boroden

☆ OptionsPlay's Jessica Inskip and Jim Cramer read the charts for signs of another breakout
▼ + stars: | 2023-07-31 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

OptionsPlay's Jessica Inskip and Jim Cramer read the charts for signs of another breakoutOptionsPlay's Jessica Inskip joins 'Mad Money' host Jim Cramer to give her read on the technicals in the market.

Persons: Jessica Inskip, Jim Cramer

☆ A notorious market bear who called the 2000 and 2008 crashes says stocks face the same 3 negative conditions they did in November 2021— and warns the 25% drop that followed will prove to be a 'small o
▼ + stars: | 2023-07-29 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

John Hussman warns that valuations, investor sentiment, and market technicals are poor right now. A recipe for stock market disasterOn valuations, Hussman likes to compare total market cap of non-financial stocks to total revenue of non-financial stocks. His criteria for technical overextension include an S&P 500 14-day relative strength index above 70, at least a 4% rate-of-change for the S&P 500 in the last 14-day period, and the S&P 500 at least 4.5% above its 50-day average. The chart below shows advances and declines for the S&P 500 in the 40 trading sessions after these criteria have been met. Piper SandlerOutside of technicals, however, macroeconomic fundamentals will likely be a main driver of market returns in the months ahead.

Persons: John Hussman, Hussman, John Hussman —, —, there's, he's, they've, Michael Kantrowitz, Piper Sandler Organizations: Street, Reserve Locations: technicals

☆ Stock market's short-term momentum has slowed, says Fairlead Strategies' Katie Stockton
▼ + stars: | 2023-07-24 | 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 EmailStock market's short-term momentum has slowed, says Fairlead Strategies' Katie StocktonKatie Stockton, Fairlead Strategies founder, joins 'The Exchange' to discuss Invesco QQQ technicals, SMH semiconductor ETF experiencing a decline in short-term momentum, and positioning strategies for a long-term tech play.

Persons: Katie Stockton Katie Stockton, QQQ

JPMorgan's chief global markets strategist, Marko Kolanovic, advises investors to play commodities against recession risks. Kolanovic named natural gas as his top pick within the commodities sector. Investors can look to the United States Natural Gas Fund LP (UNG) to gain exposure to the commodity; it's down about 48% year to date. The strategist forecasts U.S. natural gas prices to undergo a 25% rally in the next few months on expectations of a supply growth reversal. Backwardation is what happens when the spot price is higher than the price of the approaching futures' contracts.

Persons: Marko Kolanovic, Kolanovic, — CNBC's Michael Bloom Organizations: United States Natural Gas Fund, DB Agriculture Fund, Brent Oil Fund Locations: U.S

☆ Watch these stocks as they approach bullish 'golden cross' pattern, says technician Carter Worth
▼ + stars: | 2023-07-19 | 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 these stocks as they approach bullish 'golden cross' pattern, says technician Carter WorthCarter Worth, Worth Charting CEO, joins 'Power Lunch' to give his read on the technicals, looking at stocks on the verge of a breakout.

Persons: Carter Worth Carter Organizations: Email, Worth Locations: Carter Worth Carter Worth

☆ The 'Bitcoin Family' has a special algorithm that tracks moon cycles — and it's helped them gain 50% since the bear market bottom
▼ + stars: | 2023-07-11 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +13 min

Didi Taihuttu in Lagos, Portugal MacKenzie SigalosTaihuttu's indicator considers a mix of inputs, including directional trading data and moon cycles. Moving Average Convergence Divergence (MACD) compares two moving averages of a cryptocurrency's price by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. When the 50-day moving average crosses below a falling 200-day moving average, it is known as the Death Cross , signaling a bear market may be imminent. When the 50-day moving average crosses below a falling 200-day moving average, it is known as the , signaling a bear market may be imminent. Price chart showing the 'Didi BAM BAM' market indicator Didi TaihuttuAnd then there are the intangible price influencers — like moon phases.

Persons: Thailand Didi Taihuttu LAGOS, Didi Taihuttu, Portugal MacKenzie Sigalos Taihuttu's, Bitcoin, Taihuttu, DAI —, Didi, Portugal MacKenzie, Portugal —, Portugal Didi Taihuttu, Mayer, It's, Price, —, I'm, Didi Bam Bam, Thailand Didi, ChatGPT, Goldman Sachs, Marco Argenti, Goldman, Louisa, David Solomon, Morgan Stanley, Morgan, Jeff McMillan, — CNBC's Ryan Browne Organizations: CNBC, Didi BAM, BAM, Bollinger Bands, Bollinger, Lightning Networks Locations: Phuket, Thailand, PORTUGAL, Lagos, Algarve, Taihuttu, bitcoin, Portugal, cryptocurrency, ChatGPT

☆ Bank of America's top stock picks for the third quarter
▼ + stars: | 2023-07-04 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Bank of America is out with its latest short-term stock picks as the third trading quarter of the year gets underway. "Over the last quarter, the BofA Macro view has evolved," strategist Anthony Cassamassino wrote in a note Monday. Bank of America gathered its 10 best ideas for the new quarter, all of them buy-rated, Cassamassino said. The bank also sees multiple growth drivers this year and improvements in merchandise margins as cost inflation and freight expenses normalize. Its $135 price target on the stock is more than 50% above its closing price Friday.

Persons: Anthony Cassamassino, Savita Subramanian, Michael Hartnett, Michael Gapen, Stephen Suttmeier, Cassamassino, it's, Lamb Weston, Wells, defensibility Organizations: of America, U.S, Our U.S . Economist, " Bank of America, Body, Bank of America, Disney, Wells Fargo Locations: Our

Traders work on the floor of the New York Stock Exchange (NYSE), June 29, 2023. U.S. stock futures were little changed Sunday night, as traders prepared for the second half of what's already been a stellar year on Wall Street. Tesla shares were little changed in overnight trading after the electric vehicle maker reported delivery and production numbers that beat analysts' expectations. Recent data showing a resilient U.S. economy despite higher rates also lifted investor sentiment, easing some fears on Wall Street of a long-awaited downturn. Investors will pore over the latest ISM Manufacturing PMI and S&P Global manufacturing PMI data for June Monday morning ahead of Friday's keynote jobs report.

Persons: Stocks, Mark Hackett, Nationwide's Organizations: New York Stock Exchange, Futures, Dow Jones, Nasdaq, Independence, Manufacturing PMI, P Global Locations: technicals

☆ Morgan Stanley's Mike Wilson says risks for a major market correction ‘have rarely been higher’
▼ + stars: | 2023-06-26 | by ( John Melloy | ) www.cnbc.com time to read: +1 min

Morgan Stanley believes a rapid stock market pullback is imminent. "S & P 500 is at risk of a near-term drawdown." Here are the risks Wilson references: Consensus earnings expectations that are much too high given the deteriorating economic environment. Wilson's fourth quarter S & P 500 target is 3,900, or 10% lower from its Friday close. The strategist is more optimistic about next year, seeing the S & P 500 rebounding to 4,200 in the first half of 2024.

Persons: Morgan Stanley, Mike Wilson, Wilson, Michael Bloom Organizations: Bank, CNBC

☆ The stock market rally is being driven by FOMO with more upside likely, but there's a looming risk ahead, Bank of America says
▼ + stars: | 2023-06-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

A FOMO rally has taken over the stock market, and there could be more upside ahead, according to Bank of America. BofA expects the S&P 500 to rally into the 4,500 range after it broke above resistance. "The S&P 500 cleared 4,200 in early June to break out from a 4-month bullish cup and handle. "We view the breakout above 4,200 on the S&P 500 as a FOMO rally. Decisive breakouts above those levels would add credibility to the current stock market rally and help Suttmeier's case for more upside ahead.

Persons: BofA, —, Stephen Suttmeier, Suttmeier, Russell, Dow Jones Organizations: Bank of America, Service, Nasdaq, Dow, NYSE

☆ Wall Street prepares for more gains this month after past week's breakout
▼ + stars: | 2023-06-16 | by ( Scott Schnipper | ) www.cnbc.com time to read: +6 min

For now, it's not a brighter economic picture or an exuberant earnings outlook pushing stocks higher. Another reason that some investors have come back to stocks is simply because the S & P 500 ended the week more than 23% above last October's low. "The next level of resistance is above 4,500 on the S & P. Historically, the market gains 14.5% on average between the 20% threshold level and the next decline of 5% or more. "Inflation peaked in June of last year and has been rapidly declining over the past 12 months. Trading the week after is often treacherous, Hirsch said, with the Dow Jones Industrials falling in 27 of the past 33 years and the S & P 500 down in 23 of 33 years.

Persons: it's, Sam Stovall, Clinton, Wells Fargo, Chris Harvey, Harvey, Jay Hatfield, Price, CarMax, Stovall, Jeffrey Hirsch, Hirsch, Dow Jones Industrials, York Fed's John Williams, Jerome Powell, Philip Jefferson, Lisa Cook, Adriana Kugler, Avid Bioservices, Patterson Cos, Christopher Waller, Michael Bloom, Fred Imbert, Alex Harring Organizations: Fed, CFRA, Microsoft, Infrastructure Capital Management, Consumer, PPI, FedEx, Darden, Dow, Housing, Financial, Enerpac, Avid, Banking, Accenture, Commercial Metals, P, PMI Locations: New York, York, Dublin

☆ Watch CNBC's full interview with BTIG's Jonathan Krinsky
▼ + stars: | 2023-06-12 | 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 EmailWatch CNBC's full interview with BTIG's Jonathan KrinskyJonathan Krinsky, BTIG chief market technician, and the CNBC investment committee join 'Halftime Report' to discuss the overly enthusiastic push for a bull market, wide credit spreads, and historical perspective on market technicals.

Persons: BTIG's Jonathan Krinsky Jonathan Krinsky Organizations: CNBC

☆ Wide credit spreads are inconsistent with a bull market shift, says BTIG's Jonathan Krinsky
▼ + stars: | 2023-06-12 | 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 EmailWide credit spreads are inconsistent with a bull market shift, says BTIG's Jonathan KrinskyJonathan Krinsky, BTIG chief market technician, and the CNBC investment committee join 'Halftime Report' to discuss the overly enthusiastic push for a bull market, wide credit spreads, and historical perspective on market technicals.

Persons: Jonathan Krinsky Jonathan Krinsky Organizations: CNBC

☆ Technology stocks are the poster child for quality, says John Hancock Investment's Emily Roland
▼ + stars: | 2023-06-08 | 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 EmailTechnology stocks are the poster child for quality, says John Hancock Investment's Emily RolandEmily Roland, John Hancock Investment Management co-chief investment strategist, and Joe Terranova, Virtus Investment Partners chief market strategist, join 'Closing Bell' to discuss market anticipation for a Fed pivot, the ongoing tech rally, and the bullish read of market technicals.

Persons: John Hancock, Emily Roland Emily Roland, John, Joe Terranova Organizations: Technology, John Hancock Investment Management, Virtus Investment Partners

☆ Here's exactly where 6 top investment firms recommend putting your money right now as US stocks start to break out
▼ + stars: | 2023-06-08 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

It has a market-weight rating on six sectors: consumer discretionary, energy, industrials, information technology, materials, and real estate. Goldman SachsGoldman's favorite sectors haven't changed since late April: it's still overweight consumer staples, energy, healthcare, and communication services. Morgan StanleyMorgan Stanley's top sectors are consumer staples, healthcare, and utilities, which reflects its defensive outlook about stocks. The firm is neutral about communication services, energy, financials, industrials, materials, real estate, and tech (excluding cyclicals). It has a neutral "perform" rating on almost all other sectors, including communication services, consumer staples, energy, financials, healthcare, materials, and real estate.

Persons: — Goldman Sachs, Morgan Stanley, Oppenheimer, Truist —, BofA, Savita Subramanian, Goldman Sachs, it's, Morgan Stanley Morgan Stanley's Organizations: Investors, Bank of America, BMO Capital Markets, Tech Locations: Charlotte

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