As you read more of these articles and watch more trade breakdowns, you may begin to see some reoccurring themes. In this case, it’s a reoccurring pattern and one we have seen several times across a handful of different stocks. Seeing patterns over and over again helps in two ways: It familiarizes you with commonly […]

Market Commentary The past two days have seen a few positive catalysts that kicked things into a positive direction and pushed shares back above 4,000 (although we still have a ways to go before we retest the important 4,100 level). First off, the 10-year Treasury yield also dropped below 4%, which was a positive sign […]

The stock market started the year on a positive note after a year filled with macroeconomic and geopolitical challenges. The rally was driven by the Federal Reserve’s smallest rate increase since the beginning of the monetary policy tightening in March 2022 and Fed Chair Jerome Powell’s acknowledgment that inflation was showing encouraging signs. However, investor sentiment has taken […]

Artificial intelligence (AI) became a new buzzword on Wall Street with the recent massive success of the ChatGPT chatbot. Tech giants are heavily investing in AI, propelling the industry’s growth. Given this backdrop, we take a look at UiPath Inc. (PATH) and C3.ai, Inc. (AI) to see whether they are worthwhile investments now. The widespread […]

As we say time and time again, our trading strategy is all about keeping things simple. Spotting a chart pattern on a higher timeframe is about as simple as it gets. Why? Because when a large number of traders all see the same, prominent pattern on their screens, it increases the likelihood that a high […]