Chartmaster: This is Why You Should Sell the Tech Wreck

Chartmaster: This is Why You Should Sell the Tech Wreck

Carter Worth the head of technical analysis at Cornerstone Macro with several bearish observations on the tech sector – the news is not all bad.

The Twitter Rally is for Real

The Twitter Rally is for Real

Twitter (TWTR) may be about to get hot. Twitter shares were up over 5% in trading on Wednesday, retesting a downtrend line drawn off the 2013 and 2015 highs. This trend line has defined the long-term decline that began two…

Cisco Poised For A Volatile Move Higher

Cisco Poised For A Volatile Move Higher

Cisco Systems (CSCO) is undergoing a process of consolidation on its daily chart that could result in a volatile move higher. Shares have been trading in a narrow horizontal channel pattern, which has compressed the price range to a near-breaking…

Dark Cloud Over Starbucks Shares

Dark Cloud Over Starbucks Shares

Shares of Starbucks (SBUX) began forming a rising triangle pattern in November last year, oscillating around their flat 200 day moving average, and making a series of lower highs and higher lows. Pattern resistance was broken in March this year…

The Stock Market's On Edge -- Here Are the Signs You Need to Know

The Stock Market’s On Edge — Here Are the Signs You Need to Know

It isn’t panic, but a sense of concern has become evident in the stock market. The Volatility Index (VIX) is up over 7% this week, while gold is up about 6% over the past two weeks. Crude oil prices have…

S&P Upside - Measuring the Measured Move

S&P Upside – Measuring the Measured Move

“I think we’re going to see some outperformance in the financial sector, which was really the leader in Q4 of last year, which is the launch of the rally that then gets us to that 2,640 target,” says BTIG’s Katie…

American Express - Positioned For A Powerful Breakout

American Express – Positioned For A Powerful Breakout

Shares of American Express (AXP) have been trading in a horizontal price channel for the past four months and are, once again, bouncing off pattern support and turning higher. Price momentum and money flow indications reflect the bullish reversal, and…

Biotechnology Ready To Resume Rally

Biotechnology Ready To Resume Rally

Biotechnology stocks had an incredible run between 2012 and 2015, and the iShares Nasdaq Biotechnology ETF (IBB) was up 395% in that time. After making the record high, however, the space came under pressure and the fund dropped below its…

Facebook Underperforms Relative to the Other FANG Stocks

Facebook Underperforms Relative to the Other FANG Stocks

Shares of Alphabet (GOOGL) were up 5.8% last month and Amazon (AMZN) and Netflix (NFLX) were both up 5%, but Facebook (fb) was down in the May just over half a percent. While the price action of one stock cannot…