Cadence CDNS, Tesla TSLA, Burlington BURL, Newmont NEM, Freeport McMoRan FCX

Today’s report features five stock setups and two ETFs. Finding setups during earnings season is a challenge because I try to avoid stocks that are reporting within the next two weeks, and most stocks in the S&P 500 are reporting between now and month end. I am revisiting three prior

Today’s report features two stocks from the Consumer Staples sector, two from the Industrials sector and two from the Technology sector. This is a relatively balanced approach that may help should the market turn volatile in the coming weeks.

The stock market remains in bull mode with tech, utilities and industrials leading the chart. There is also a newcomer to the party as the Healthcare SPDR (XLV) broke out over the last two weeks. Today’s report covers two tech stocks, a leading consumer staple and four healthcare stocks. Symbols covered include: AVGO, CRWD, WMT, AMGN, INCY, COR and CAH

Today’s report features six stocks in leading groups. These include the MAG7, Aerospace & Defense, Robotics & Automation, Crypto, Semis and AI Data Center. The market environment is currently bullish, but there are some sizable pockets of weakness because around a third of S&P 500 stocks are below their 200-day SMAs. Chartists can increase the odds of success by focusing on stocks
in leading uptrends and within leading groups.

Today’s report features two stocks with leading uptrends, two stocks with short-term breakouts and four utility stocks with breakouts. Most of these stocks come from strong areas of the stock market: software, defense and utilities. Quest Diagnostics is part of the Healthcare sector, which is lagging the broader market. Mercado Libre is an ecommerce giant in Latin America. Today’s stocks are: ADSK, DGX, MELI, DRS, AEE, CNP, ETR and EVRG.

This report features stocks with uptrends and bullish setups. We start with Coindesk as it makes one step backward after two steps forward. Attention then turns to short-term consolidation patterns in DoorDash, Gilead, Howmet, Kratos and Palantir. MKS Inc is tracing out a head-and-shoulders and Veeva Systems reversed within a bigger bullish consolidation.

This report features stocks with tradable setups or breakouts. Each chart features an analysis checklist covering the trend, relative performance, condition, pattern at work, re-evaluation level and special considerations. Uptrends and bullish continuation patterns are the maintain, but reversal candidates are also featured when appropriate.