BZ Chart Of The Day: The Magic Level For SPY
The SPDR S&P 500 ETF Trust (NYSE: SPY) has run into resistance at around $415. If it can break through, there’s a good chance that a new uptrend forms.
BZ Chart Of The Day: Is HUSA About To Breakout?
The uptrend in Houston American Energy Corp. (NYSE: HUSA) may continue. The shares could be on the verge of a breakout. This would set the stage for a move higher.
BZ Chart Of The Day: Tesla Reverses Off Resistance
Unfortunately for shareholders of Tesla Inc (NASDAQ: TSLA), the stock reversed off resistance and may continue to trend lower. As you can see on the following chart, the $765 level has been important for TSLA.
Is This Inflation ETF Breaking Out?
As long as inflation continues to surge, so should the Invesco DB Commodity Index Tracking Fund ETF (NYSE: DBC). It had gained about 40% this year and appears to be breaking out.
BZ Chart Of The Day: Apple Teaches Important Lesson
Shares of Apple Inc. (NASDAQ: AAPL) can teach traders an important lesson about the markets. Some price levels are more important than others and for Apple, $152 is one of them.
BZ Chart Of The Day: Remorseful Buyers Crush The Financials
In the stock market, levels that had been support can convert into resistance levels. This may have just happened with the Financial Select Sector SPDR Fund ETF (NYSE: XLF), which means it may trend lower.
BZ Chart Of The Day: Is AMD About To Break Out?
In the stock market, certain price levels are more important than others. Shares of Advanced Micro Devices, Inc. (NYSE: AMD) may be about to break an important one, which could lead to a large move higher.
Is The Rebound Over Already?
The Technology Select Sector SPDR Fund ETF (NYSE: XLK) tracks the tech sector of the market. It has run into resistance, which means the stage may be set for the rebound to end or pause.
Is The Retail Beatdown Over?
Retail stocks have been getting crushed. But that may be about to end. As you can see on the below chart, the SPDR S&P Retail ETF (NYSE: XRT), which tracks stocks in the retail sector, has broken its recent downtrend line. This means the selloff may be over.
BZ Chart Of The Day: Nvidia Rallies Off Support
There’s a chance shares of NVIDIA Corporation (NASDAQ: NVDA) continue to move higher. They found support around $162.50 and are rallying off of it.