Based on a reading of this chart, we're likely to see some chop or a moderate correction in stocks.
The indicators are close to a possible breakout ahead for the shares of the maker of beer, wine and spirits.
There has been good dip buying during this entire rally, and that is the main thing we need to watch at this point.
Keep in mind that AMD will be reporting performance across four business segments for the first time this evening.
If you play it correctly, this stock is the epitome of 'getting something for nothing.' Let me show you how.
All rallies begin with short-covering, but at some point, it takes real buying to keep pushing them up. Let's look at a few case studies, err, chart studies, to see if we can lift past those heavy prices.
The mood appears to be one of wait-and-see as we enter a new month following a strong run in July.
Let's find the technical options as shares of the Cboe Global Markets turn lower.
Let's review the charts and indicators.
The problem is the economy is weakening and rate hikes are going to slow things down even more.