The chart of Amazon illustrates two market principles that successful traders understand. This is why it is the Stock of the Day.After entering free fall last week, the shares found support at the $200 level. This wasn't a coincidence.As you can see on the chart, there was support for the stock around the $200 level in May 2025. There tends to be support at prices that have been support in the past.This happens when some of the people who sold around $200 regretted doing so when the price rallied. Some of t ...

CVS Health Corporation (NYSE:CVS) is flat on Wednesday. The shares dropped by almost 15% yesterday after it was reported that Medicare was proposing rates that are well below expectations. • What’s driving CVS shares today?If the shares continue to trend lower, they may find support around $70. They may even rally off this level. This is why CVS is the Stock of the Day.Successful traders understand which price levels in a market are important. These are called support and resistance levels.If a stock is tre ...

Core Insights - Investors are encouraged to adopt an active stock selection strategy by monitoring breakout opportunities within defined price ranges, exiting stocks that fall below lower trading bands and holding those that rise above upper bands [1] Group 1: Breakout Stocks - Brookdale Senior Living Inc. (BKD), Itaú Unibanco Holding S.A. (ITUB), and Vale S.A. (VALE) are identified as potential breakout stocks for 2026, having shown significant gains in 2025: BKD up 114.6%, ITUB up 63.6%, and VALE up 46.9% [2][8] - BKD operates senior living communities in the U.S. and has a Zacks Rank of 2, with an expected earnings growth rate of 56.8% for the current quarter [9] - ITUB provides financial products and services in Brazil and internationally, holding a Zacks Rank of 1, with an expected earnings growth rate of 13.2% for the current year [10] - VALE produces iron ore and nickel globally, also holding a Zacks Rank of 1, with an expected earnings growth rate of 13.7% for the current year [11] Group 2: Screening Criteria - The screening criteria for identifying breakout stocks include a percentage price change over four weeks between 10% and 20%, current price within 90% of the 52-week high, Zacks Rank of 1 or 2, beta for 60 months less than or equal to 2, and a current price less than or equal to $20 [7][8]

Core Viewpoint - Microsoft Corporation (NASDAQ:MSFT) shares are currently at a critical support level around $445, which could lead to a potential upward movement if maintained, or a new downtrend if broken [1][2]. Group 1: Stock Performance - Microsoft shares have found support at approximately $445 after a sell-off, indicating a significant psychological level for investors [2]. - The $445 price point was previously a resistance level, which has now converted into support due to the behavior of remorseful sellers who sold at this price last January [4][5]. Group 2: Investor Behavior - Many investors who sold shares at $445 initially felt satisfied with their decision, but later experienced remorse as the stock price increased [5]. - As the stock returned to the $445 level, these investors placed buy orders, contributing to the formation of support at this price [6]. Group 3: Trading Strategy - Successful traders avoid buying stocks solely based on price declines, opting instead to wait for signs of a reversal before entering the market [6][7]. - This strategy increases the likelihood of favorable outcomes, as traders anticipate a move higher before making purchases [7].

Core Viewpoint - The gold market is exhibiting bullish behavior, confirmed by a successful test of support levels and the significance of the 10-day indicator, indicating a short-term bullish trend if prices remain above this line [1]. Group 1: Support and Resistance Levels - The first anticipated support area for gold is confirmed, with the market showing strength above the 10-day average [1]. - A decisive breakout above the record high of $4,643 is necessary for continuation, with potential resistance identified between $4,664 and $4,721 [2]. - Fibonacci confluence indicates significant resistance at $4,713 and $4,721, suggesting a complex resistance area that could impact price movements [3]. Group 2: Momentum and Trend Analysis - Weekly momentum is slowing, with gold closing near or below the mid-point of the week's range at $4,578, indicating a potential stall in bullish momentum [4]. - Despite the slowing momentum, the bull trend remains intact as long as gold stays above the 20-day average at $4,466, with a confirmed weekly breakout above the prior high of $4,550 [5].

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Core Viewpoint - Gold's recent advance to $3,409 indicates a strong bullish momentum, positioning it near the upper boundary of a symmetrical triangle pattern formed after a significant rally from the April low of $2,866 to a record high of $3,500, representing an increase of $543 or 18.4% [1][2]. Price Levels and Breakout Potential - A weekly close above $3,409 would confirm the bullish strength and keep the breakout scenario alive, while failure to maintain above this level could lead to a pullback [2]. - The critical resistance level for a triangle breakout is at $3,439, which could lead to testing the record high of $3,500. A sustained move above $3,500 could target new highs, with projections of $3,811 based on the July swing low of $3,268 and $3,623 using the triangle's height [3]. - On the downside, potential pullbacks could test support levels near the 20-day and 50-day moving averages at $3,355 and $3,350, respectively, forming a key support zone [4]. Trading Outlook - Traders should monitor the $3,439 resistance level for confirmation of a breakout, with a decisive close above this level indicating bullish continuation towards $3,500 and potentially $3,623–$3,811 [5]. - A rejection at the triangle's upper trendline could lead to a pullback towards $3,353–$3,347, where aggressive traders may look for buying opportunities [5]. - The upcoming sessions are critical in determining whether gold will break out to new highs or continue to consolidate within the triangle pattern [5].

Group 1 - American Airlines Group Inc. AAL shares are experiencing a rally after reaching an important support level, making it the Stock of the Day [1] - The concept of "market memory" indicates that certain price levels, such as support and resistance, hold significant importance in stock trading [2][7] - The stock has previously found support at the $8.80 level during the COVID-19 pandemic and again in July 2024, suggesting a potential buying opportunity [7][9] Group 2 - When a stock trends lower, it indicates more supply than demand, leading to price declines as sellers lower prices to attract buyers [3][4] - Conversely, when a stock trends higher, it reflects more demand than supply, causing prices to rise as buyers compete for limited shares [6] - Resistance levels occur when there is enough supply to meet demand, often leading to the end of market rallies [6][7]

Market Overview - Today's trading session begins quietly with minimal scheduled economic indicators, including March's Leading Index data and Treasury bill auctions [19] - The absence of international market participation may lead to subdued trading volume, potentially increasing volatility [20] SPDR S&P 500 ETF Trust (SPY) - SPY is trading near a pivot level of 519.71, with bullish targets set at 520.67 and 523.76, and a ceiling at 525.26 [2] - If SPY fails to hold above 519.71, it may drop to support levels at 518.04 and 516.58, with a bearish target at 513.76 [3] Invesco QQQ Trust Series 1 (QQQ) - QQQ is currently at 437.47, with bullish targets at 440.00 and 441.56, and a high target of 446.51 [4] - A failure to maintain above 437.47 could lead to selling pressure towards 435.88 and 431.82, with a bearish target at 430.16 [5] Apple Inc. (AAPL) - AAPL is trading around 192.27, with bullish targets at 193.18 and 195.25, and a high target of 196.01 [6] - If AAPL cannot hold 192.27, it may decline to support levels at 191.57 and 190.52, with a bearish target at 188.20 [7] Microsoft Corp. (MSFT) - MSFT is trading near 363.81, with bullish targets at 366.98 and 372.03 [8] - A drop below 363.81 could lead to support testing at 362.81 and 359.64, with a bearish target at 354.73 [9] NVIDIA Corporation (NVDA) - NVDA is trading near 98.02, with bullish targets at 99.87 and 101.02, and a high target of 103.96 [11] - If NVDA fails to maintain 98.02, it may drop to support levels at 96.58 and 95.02, with a bearish target at 92.47 [12] Alphabet Inc Class A (GOOGL) - GOOGL is trading around 148.95, with bullish targets at 150.41 and 151.24 [13] - A failure to hold 148.95 could lead to selling pressure towards 147.68 and 146.89, with a bearish target at 145.94 [14] Meta Platforms Inc (META) - META is hovering near 492.33, with bullish targets at 498.03 and 500.83, and a high target of 504.54 [15] - If META cannot maintain 492.33, it may decline to support levels at 488.81 and 485.96, with a bearish target at 483.11 [16] Tesla Inc. (TSLA) - TSLA is trading around 230.65, with bullish targets at 233.49 and 238.50, and a high target of 242.49 [17] - A drop below 230.65 could lead to support testing at 228.45 and 226.53, with a bearish target at 223.98 [18]

Group 1 - Ford Motor Company is currently trading at a resistance level, specifically at $10.25, which has been significant since September, transitioning from support to resistance [1][2] - The phenomenon of support levels converting into resistance is common in the stock market, often due to regretful buyers who set sell orders at their breakeven price [3][4] - If buyers manage to push the price above the resistance level, it will be considered a 'breakout', indicating a shift in market dynamics [4][5] Group 2 - The removal of supply from the market by sellers who have canceled or finished their orders can lead to aggressive buying, potentially resulting in a price increase [5][6] - There is a possibility of a snowball effect that could drive Ford's stock price higher if the breakout occurs [6]