Chart of the Day: Meta’s Technicals Continue to Erode
Headwinds continue for this mega-cap name but some support is not far away.
The Power of Market Rotation
There was a quick bounce in tech stocks, but I don’t trust it to last. Meanwhile, I’m building a July shopping list.
Chart of the Day: Google’s Correction Seems Finished
The giant search and AI company had a nasty pullback but seems to have found its footing.
Key Stock Group Forms Double Top as Market Character Shifts
The most notable shift was increased chatter that the market might be due for a rest.
Equal-Weight S&P 500 Nears Breakout as Rotation Takes Hold
Trading following Nvidia’s report was bullish as cash flowed into secondary names.
Rotation Action Offsets Nvidia and Walmart Weakness
The breadth ‘flip’ is evidence that rotation is in play and not just a one-stock story.
3 Massive IPOs Undermine Nvidia’s Market Leadership
The AI sector is undergoing a substantial change as new giants enter the fray.
Chart of the Day: Meta Fails to Impress
This stock has gone virtually nowhere since reporting a disappointing quarter.
Chart of the Day: Amazon Remains on a Charted Course
Amazon is consolidating at a higher level, preparing for its next move.
Macro Headwinds Build, But They Can’t Stop the Chip Rampage
This is the part of the recent action that has bears scratching their heads.