Chinese stocks are approaching bear territory, with the Hong Kong market at its lows for the year as Telsa's CEO gets the star treatment in Beijing and Shanghai.
I'm focused on a pattern that has repeated all year long.
Just how transformational artificial intelligence will be is unknown, but there will be winners and losers in the space.
Based on the discount retailer's charts, the answer is yes, though it is a trade, not an investment.
It involves people pocketing their savings from lower gasoline prices so that the economy cools and the Fed doesn't need to raise rates again.
These recently downgraded names are displaying both quantitative and technical deterioration.
The impressive runs in several big-tech names have grabbed media attention, but not discussed are the recent implosions of some household-name stocks.
Plus, the Nasdaq and S&P 500 did not do justice to Thursday's market action as there were far more losers than winners on the day.
These stocks are big enough to move the indexes and create the illusion of broad strength, but there are very few stocks participating in this celebration.
The charts of the software giant point to more upside to come for its shares.