BZ Chart Of The Day

The rally in United States Steel Corporation (NYSE: X) may continue. The shares are rebounding off of an important price level. There is support at $29. This support, or large amount of buy interest, is a result of seller’s remorse. A large number of investors sold U.S. Steel at or close to $...

The meme meltdown continues. The Listed Funds Trust - Roundhill MEME ETF (NYSE: MEME) has plunged by more than 40% since its debut on Dec. 8, 2021. Meme stocks are popular in the Reddit day trading community. MEME is an ETF that holds a portfolio of them., including Roblox Corporation (NYSE:...

Markets have memories. This means oil prices may have peaked, at least for now. Between April 2011 and June 2014, oil reached its current price levels a number of time; each time the rally stalled out and a move lower followed. See Also: 6 Of The Best Energy Stocks To Buy And Hold As Oil...

Shares of Lucid Group, Inc. (NASDAQ: LCID) slammed into a wall of resistance and are moving lower, down 16% at press time. The company reported worse-than-expected fourth-quarter sales results and cut 2022 production guidance. Resistance is a large group of investors offering or trying to sell...

Investors are concerned about inflation. And they should be, but there are ETFs that retail investors can use to hedge against or even profit from inflation. One is the Invesco DB Commodity Index Tracking Fund (NYSE: DBC). This ETF is designed to follow the price of an index of the prices of...

The rally in Macy's, Inc. (NYSE: M) may be over for now. The stock ran into resistance around $28.05 and has since backed off. Resistance is a large group of investors who are looking to sell shares at, or close to, the same price. At resistance levels, there is more supply than demand. Buyers...

Remorseful buyers have kept a top on shares of Microsoft Corporation (NASDAQ: MSFT). They’re trying to bail out of their positions, which has formed resistance in the market. $300 was support for Microsoft as a large number of buyers gathered there. The stock ended up rallying after it fell...

The stock market has been in a steep downtrend, but the trend may be about to end, at least temporarily. The SPDR S&P 500 ETF Trust (NYSE: SPY) is getting close to support. Support is a large group of investors who are looking to buy something at, or close to, the same price. At support levels...

Inflation is bad. It has worried investors and brought sellers into the market. Many stocks are significantly lower than their recent highs, but unfortunately, it may be worse than the experts think. The Commodity Research Bureau Index (CRB Index) is a widely followed benchmark of inflation. The...

Shares of Bank of America Corporation (NYSE: BAC) are overbought and at resistance, which means it may be time to sell. Resistance is a large concentration of sellers gathered around the same price. At resistance levels, there is more supply than demand for shares. Stocks tend to head lower...

Shares of Ford Motor Company (NYSE: F) may have broken an important support level. That means there’s a good chance their recent downtrend continues. Support is a large concentration of investors who are all looking to buy shares at, or close to, the same price. In this case, it’s $19 a...

Microsoft Corporation (NASDAQ: MSFT) has the attention of the trading community. Despite the recent chaos in the market, shares of Microsoft have remained in a narrow trading range. This is unusual action. Usually when the market is volatile, so is the stock of Microsoft. This could give...

There’s a good chance that shares of Spotify Technology S.A. (NYSE: SPOT) have run into resistance, which could put an end to the recent rally. In August, levels around $203.50 were support. There were so many investors willing to buy the stock at this price that it made a big sell-off come...

Shares of the SPDR S&P 500 ETF Trust (NYSE: SPY) may be ready to move higher. Shares have broken out of the trading range they have been in over the past week. If SPY does rally, there’s a good chance it runs into resistance around $451. This level was support and sometimes in...

The rally in the Invesco QQQ Trust, Series 1 (NASDAQ: QQQ) has stalled out. It may not make a decisive move until Apple Inc. (NASDAQ: AAPL) reports earnings after Thursday's close. The QQQs have run into resistance around the $353.50 level. The resistance is there because of buyers’...