Watch for Higher Lows in These Three Tech Stocks

05.13.24: Final Bar host David Keller, CMT recaps a choppy day for stocks. Breadth conditions improved as the NYSE AD line scored a new high for 2024! He also digs into relative strength themes to find outperforming stocks, including some utilities and three technology stocks appearing to confirm a higher low in May.
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00:00 - Intro
01:15 - Market Recap
07:55 - S&P 500 Index ($SPX), Gold ($GOLD), Moderna (MRNA)
15:46 - Apple (AAPL), Amazon (AMZN), United Airlines Holdings, (UAL)
20:00 - American Airlines (AAL)
22:00 - It's All Relative: Constellation Energy (CEG), Southern Co (SO), Vistra Energy (VST)
31:01 - Applovin (APP), Toast (TOST)
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🧐 Dave's "Mindful Investor" ChartList: schrts.co/TTCbWDpE 👀 See what better financial charting can do for you! Start your FREE 1-month trial today at stockcharts.com 👍🏻 If you enjoyed this video be sure to hit the THUMBS UP. ✅ If you found value, consider SUBSCRIBING to our channel and ring the bell so you never miss a new video! Subscribe here: tinyurl.com/wvet7qj

[@JoesInvestmentExpress]

I appreciate your insights on the utilities stocks--I agree we should drop our biases against certain industries and make buy decision purely via price action. I've completely missed the utility move bc "you're not supposed to buy slow-moving utilities"...

[@prabhakarpotu6617]

thank you very good explanation

[@mikem2492]

Thank You

[@AgSus-xq8rz]

Thank you

[@tommypham1127]

Very good content. Thanks so much❤

[@DKellerCMT]

Appreciate that! D

[@PatrickPho]

Roar.

[@antonflon3596]

Hi Dave, at what point do you decide if something is a higher low or just a minor rallye in a stpck turning around? Let's take your chart of UAL as an example, after a significant rise a higher low is formed! Is it a higher low or is it turning around but doing a minor rallye? Is RSI influencing your decision or is it only to be named a higher low once the previous high was exceeded as well? (Confirmed Higher low once higher high followed soon afterwards?) Thanks!

[@DKellerCMT]

Fantastic question and added to the mailbag! D

[@ashokadur1693]

David, On the MRNA chart, it also looks like a cup and handle, doesn’t it, besides an inverted head and shoulders?

[@DKellerCMT]

Not seeing a cup and handle, which would need a much broader, rounded bottom for the cup. More of an inverted H&S IMO! D

[@vincentjones777]

Ty sometimes charts r blurrie

[@DKellerCMT]

We are uploading in full HD so make sure you're watching HD (gear bottom right corner of video) also internet connection! D

[@bseagle01]

XBI daily rejected at 50 MA--usually one of the leaders

[@DKellerCMT]

Breaking above today......... D

[@bseagle01]

EOD is what counts @@DKellerCMT