ChartSmarter is a service dedicated to the art of technical analysis.
On a daily basis we write up actionable ideas on a specific, major S&P sector on both the long and short side, in an easy yet thorough way. In the notes we give precise entries and exits, while looking to capture the "meat" of a trend. Give us a try today with a 2 week FREE trial.
Monthly
- Full Access to all of the Game Plans
- First 2 weeks FREE, your account won't be charged until the trial period is over
Loyal Reader Special
- Full Access to all of the Game Plans
- First 2 weeks FREE, your account won't be charged until the trial period is over
Latest Chartsmarter Game Plans
Healthcare Sector Review: 4/24/25
Biodegradable Biotech Breakouts: Biotech investors and Met fans have something in common. We have been conditioned to accept defeat. But could sentiment be becoming so bad in the group, that even a small bit of good news can get the space rocking again? Wednesday did complete a bullish island reversal with the gap up, although the XBI CLOSED 2.5% off intraday highs on a candle which could be considered a bullish inverted hammer. Some green shoots are the strength on an awful tape this Monday, as the XBI was green for a good portion of the day. Sure we may be cherry picking but that could have been a tell. Since the devilish intraday low of 66.66 on 4/9 with that huge bullish engulfing candle rising more than 7% it has not declined in back-to-back sessions. To demonstrate how washed out sentiment is, the XBI is looking for its first 3-week win streak since last June and last week did record a rare doji candle (the only other one in last 2.5 years was one at the top the week ending 9/20/24. Top ten holding GILD REPORTS after the CLOSE Thursday, and will give us a good feel what to expect going forward. Will this strong-performing mega-cap start to put some capital to work via acquisitions that could finally start to get this group going in the second half?
Technology Sector Review: 4/23/25
Baby Steps: Technicians for one thing judge a healthy market by how many breakouts are not only occurring, but more importantly how they are acting POST breakout. We know the best ones tend to work right away and follow through, and this behavior has been non-existent as of late. Could that be changing with Tuesday's break above a double bottom trigger just below the very round 1000 number? We will find out how it finishes the week over the next few sessions. Remember we looked at PLTR and it was able to CLOSE above its 98.27 double bottom pivot just one session but today completed a handle on that base and can be added to or initiated with a buy stop above a 99.09 trigger. CRWD has vacillated between the very round 300 and 400 numbers but has shied away from its attempted break above a double bottom trigger of 392.79. Will the third time be the charm for a legitimate breakout for NFLX? It is possible fledging breakouts will gain more confidence and take their cue from it but that remains to be seen. PRICE must confirm but Tuesday was a good start. Tuesday was a nice CLOSE above the pivot although it CLOSED off intraday highs. Lets circle back on this one at the end of this week.
Consumer Sector Review: 4/22/25
Start Your Engines: Earnings season will start coming into hot and heavy after the banks kicked off the festivities recently, and perhaps there will be nothing more anticipated than TSLA tomorrow after the CLOSE. The CEO has been devoting almost all of his time away from the company and that may be reflected in the PRICE action following. Below is the daily chart and one can see the bear flag, and Monday has now filled in the gap from the session 4 times, and if a stock gives you multiple chances to get in at a specific location that will often play out soon as a bull trap. Of course, with earnings Tuesday afternoon, I would never endorse blindly putting on a position and the WEEKLY chart has a mixed look with two bullish hammers followed by a couple of bullish inverted hammers and then a bullish engulfing candle during the 5 weeks ending between 3/14-4/11. This all happened while retesting a bullish inverse head and shoulders formation. The MONTHLY failure to break above a 414.60 cup base pivot that started with the doji candle in November 2021 (bounced precisely off the very round par number in January 2023) last December and this January was foreshadowing the recent weakness.