Shopify, Inc. Class A (SHOP)

I love the Xilinx deal, but the technical picture is a concern and should be followed closely.

If a tech company can sell a narrative of runaway long-term growth, it's getting richly rewarded. But if the narrative starts getting questioned, things can turn ugly in a hurry.

Just take the three most obvious letters in FAANG -- Facebook, Apple, and Netflix -- they were all ideas from my children.

The charts of SHOP suggest further price weakness ahead.

It might be like cold water in the face to think that earnings don't matter. But these stocks have detached themselves from all metrics.

Traders should remain cautious/bearish.

They are the charts of the S&P 500 and U.S. dollar, and their patterns could influence most stocks, commodities and currencies.

Let's check out the charts and indicators on this e-commerce stock.

When markets move lower, price action reveals names that institutions are reluctant to sell.

As Covid-19 numbers rise in many states, it's time to get out of the restaurant stocks and look to Campbell Soup.

When a speculative frenzy involving one set of companies ends, cheaper peers usually aren't unscathed in the ensuing selloff.

Though many quality tech companies still look expensive, there are some exceptions out there.

First, let's closely watch this semiconductor company for the telecoms, and then examine the industrials, transports and retailers.

This diversification strategy lets you to capture stock market upside, while not risking your shirt.

Companies such as BigCommerce, Walmart and Veoneer have seen massive gains on pretty questionable news catalysts.

Prices are a bit overbought so a period of sideways price action could be expected before renewed gains.

In this market where all bets are on -- look at CRM, TSLA, AAPL -- sometimes I have to remember my mom's advice on when to ring the register.

It's likely that Powell may try to change the way the Fed targets inflation, and what the public expects going forward.

It may just be a matter of time before the green chokes on the pestilence and the stock market stars don't even matter.

Both Apple and Tesla are chopping shares into pieces, which will let individual investors have a shot at buying them.

Many industry players are still seeing strong growth, even if growth rates have slowed a bit from their Q2 highs.

While valuations are clearly very high for many tech names, investor euphoria might not go away until news flow meaningfully worsens.

Instead of scratching your head and saying the market defies logic, look to the Cramer Covid-19 Index.

Let's review the charts and indicators ahead of SHOP's earnings release.

In both 2000 and 2008, many smart investors bought into bullish narratives about high-growth companies that ended up falling apart.

You can bet on black, which is instant vaccine, or you can bet on red, which is the shutdown non-economy. Both have variants.

All the current indicators from trend to momentum to price action sit in a bullish position as the stock breaks above resistance.

The upcoming Walmart+ service looks like an evolution of the existing Delivery Unlimited service, rather than a genuine Amazon Prime rival.