The S&P 500 is closing in on fair value.
Let's look at the charts and indicators to round out the picture.
The recent decline in the soft drink giant's shares post-earnings is similar to pullbacks in the past that have been followed by nice rallies.
The technical signals for the retail giant indicate aggressive buying of its shares.
I envision $25 as the biggest hurdle.
There is honestly nothing in the fundamental data that would provoke me as a trader to take on an entry position at this time.
All the major equity indices remain in short-term uptrends.
If you want to take a swing, here are two nuggets that might work for you.
Charts can always "go bump in the night" but right now it looks like Wix.com can break out to new highs.
With considerable chart resistance in the $50 to $56 area International Paper is not attractive at this time.
Prices have moved above the early January high giving us the simple definition of an uptrend.
CMI looks poised to break above the October and December highs, but it may be held back by news or rumors on the U.S.-China trade front.
The problem with leading indicators is that they lead.
Look for unsustainably exuberant levels for the S&P 500 in the coming weeks before optimism, and prices, peak.
Let's check those charts and technical indicators in light of the negative reaction to their latest numbers.
Let's see how the charts and indicators are positioned ahead of this fundamental release.
What trader has never both fallen in love with Nvidia, only to eventually feel the scorn of an angry lover's tortured vengeance?
Under Armour rallied sharply recently and it is now only about $2 or so away from what looks like a major upside breakout.
Why we believe this IT firm has formed a significant pattern.
The options market is currently pricing an expected move in DaVita stock just below 6% by Friday of this week.
One day I would have given it up for dead and the next instance it jumps $25. You cannot make this up.
Let's first check out the charts.
Let check the charts.
The majority of the major equity indices remain in uptrends.
Cisco reports Q2 earnings after tonight's market close.
Let's look at the charts and indicators ahead of Wednesday's earnings release.
Let's check out the charts of this advanced silicon chip maker.
The company is relying on several building blocks to return to growth.
The charts for the provider of cloud-based e-commerce platforms do not show a pattern of stock accumulation.
Here's how we would play ILMN stock right now.