Latest news with #KatieStockton
CNBC
2 days ago
- Business
- CNBC
The charts are showing these oversold stocks could be due for a bounce, says Katie Stockton
The S & P 500 Index (SPX) has gained 31% since the April low, breaking out to new highs in a bullish long-term development. The gains have been largely driven by large-cap technology stocks like Nvidia (NVDA) and Microsoft (MSFT) , which are up about 100% and 48%, respectively. These names are relatively overbought, along with much of the market's leadership, versus the SPX. We think there is greater appeal in relatively oversold stocks as the rally broadens. One sector that is relatively oversold and has a fresh technical catalyst is utilities. The PHLX Utility Sector Index (UTY) is breaking out to new all-time highs, resolving a six-month trading range to the upside. The chart has the look of a long-term cup-and-handle pattern, which we find to be a high-probability technical setup for upside follow-through. The weekly MACD is positive and diverging, which suggests overbought conditions will be absorbed well. Within the utility sector, the chart of Consolidated Edison (ED) is compelling because it has oversold indications in absolute terms and relative to the SPX. There is a new upturn in the weekly stochastic oscillator from oversold levels, which tends to be a bullish intermediate-term development. The DeMark Indicators also show signs of downside exhaustion relative to the SPX that support improved relative performance in the coming weeks. ED is in a cyclical uptrend above support from the weekly cloud, near $97. The prevailing bullish trend increases conviction behind the intermediate-term oversold signal. An intermediate-term upside objective for ED is defined by the April high, near $113. A daily chart shows ED rising above its 50-day MA, near $102. A breakout is likely to be made decisive since short-term indicators like the daily MACD point higher. Short-term momentum has been improving for several days, and the daily stochastics have a bullish 'pop' in support of near-term upside follow-through. The first level to watch on the upside is May's gap, which would be filled up to $107. —Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . DISCLOSURES: None. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer. Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. This material is for illustration and discussion purposes and not intended to be, nor construed as, financial, legal, tax or investment advice. You should consult appropriate advisors concerning such matters. This material presents information through the date indicated, reflecting the author's current expectations, and is subject to revision by the author, though the author is under no obligation to do so. This material may contain commentary on broad-based indices, market conditions, different types of securities, and cryptocurrencies, using the discipline of technical analysis, which evaluates the demand and supply based on market pricing. The views expressed herein are solely those of the author. This material should not be construed as a recommendation, or advice or an offer or solicitation with respect to the purchase or sale of any investment. The information is not intended to provide a basis on which you could make an investment decision on any particular security or its issuer. This document is intended for CNBC Pro subscribers only and is not for distribution to the general public. Certain information has been provided by and/or is based on third party sources and, although such information is believed to be reliable, no representation is made with respect to the accuracy, completeness, or timeliness of such information. This information may be subject to change without notice. Fairlead Strategies undertakes no obligation to maintain or update this material based on subsequent information and events or to provide you with any additional or supplemental information or any update to or correction of the information contained herein. Fairlead Strategies, its officers, employees, affiliates and partners shall not be liable to any person in any way whatsoever for any losses, costs, or claims for your reliance on this material. Nothing herein is, or shall be relied on as, a promise or representation as to future performance. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Opinions expressed in this material may differ or be contrary to opinions expressed, or actions taken, by Fairlead Strategies or its affiliates, or their respective officers, directors, or employees. In addition, any opinions and assumptions expressed herein are made as of the date of this communication and are subject to change and/or withdrawal without notice. Fairlead Strategies or its affiliates may have positions in financial instruments mentioned, may have acquired such positions at prices no longer available, and may have interests different from or adverse to your interests or inconsistent with the advice herein. Any investments made are made under the same terms as nonaffiliated investors and do not constitute a controlling interest. No liability is accepted by Fairlead Strategies, its officers, employees, affiliates, or partners for any losses that may arise from any use of the information contained herein. Any financial instruments mentioned herein are speculative in nature and may involve risk to principal and interest. Any prices or levels shown are either historical or purely indicative. This material does not take into account the particular investment objectives or financial circumstances, objectives or needs of any specific investor, and are not intended as recommendations of particular securities, investment products, or other financial products or strategies to particular clients. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. The material should not be provided to any person in a jurisdiction where its provision or use would be contrary to local laws, rules, or regulations. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
CNBC
14-07-2025
- Business
- CNBC
Bitcoin could hit $135,000 in intermediate-term run ahead of corrective phase, says Fairlead's Stockton
CNBC's "Closing Bell" team discusses bitcoin's new record high and where it may go from here with Katie Stockton, founder and managing partner at Fairlead Strategies.
CNBC
14-07-2025
- Business
- CNBC
Where bitcoin and related stocks could be headed next, according to Katie Stockton
Bitcoin confirmed a breakout to new highs last week, marking a resumption of its cyclical and secular uptrends. The breakout is a bullish development across timeframes, relieving the chart of resistance, and it allows for an intermediate-term measured move projection of approximately $134,500. The weekly MACD shows positive intermediate-term momentum, and the stochastics have a bullish 'pop' higher supporting near-term follow-through for bitcoin. Support is now defined by former resistance near $108,300. Stocks with exposure to the cryptocurrency marketplace are rallying, as well, as we find they generally hold strong positive correlations (60% or more) with bitcoin. Two of the most widely followed stocks in the space are MicroStrategy (Strategy) (MSTR) and Coinbase (COIN) , both of which have seen significant rallies alongside bitcoin. The chart of COIN is compelling because its up-move has resulted in a confirmed breakout above long-term resistance near $346, which goes back to the 2021 high. The chart has the look of a long-term cup-and-handle formation, which we find to be a high-probability bullish price pattern. The breakout yields a long-term measured move projection of roughly $460. Long-term momentum has reaccelerated behind COIN, indicated by a recent 'Golden Cross', where the 50-day moving average (MA) crosses above the rising 200-day MA. While this is not usually a good time to add exposure, referencing the same crossover in November 2024, we would note that bitcoin saw just a few weeks of healthy consolidation on the back of its golden cross before breaking out. In sum, the rally in the cryptocurrency market has been explosive, and while consolidation can be expected, the breakouts serve as technical catalysts that warrant long-term exposure. —Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . DISCLOSURES: (None) All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer. Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. This material is for illustration and discussion purposes and not intended to be, nor construed as, financial, legal, tax or investment advice. You should consult appropriate advisors concerning such matters. This material presents information through the date indicated, reflecting the author's current expectations, and is subject to revision by the author, though the author is under no obligation to do so. This material may contain commentary on broad-based indices, market conditions, different types of securities, and cryptocurrencies, using the discipline of technical analysis, which evaluates the demand and supply based on market pricing. The views expressed herein are solely those of the author. This material should not be construed as a recommendation, or advice or an offer or solicitation with respect to the purchase or sale of any investment. The information is not intended to provide a basis on which you could make an investment decision on any particular security or its issuer. This document is intended for CNBC Pro subscribers only and is not for distribution to the general public. Certain information has been provided by and/or is based on third party sources and, although such information is believed to be reliable, no representation is made with respect to the accuracy, completeness, or timeliness of such information. This information may be subject to change without notice. Fairlead Strategies undertakes no obligation to maintain or update this material based on subsequent information and events or to provide you with any additional or supplemental information or any update to or correction of the information contained herein. Fairlead Strategies, its officers, employees, affiliates and partners shall not be liable to any person in any way whatsoever for any losses, costs, or claims for your reliance on this material. Nothing herein is, or shall be relied on as, a promise or representation as to future performance. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Opinions expressed in this material may differ or be contrary to opinions expressed, or actions taken, by Fairlead Strategies or its affiliates, or their respective officers, directors, or employees. In addition, any opinions and assumptions expressed herein are made as of the date of this communication and are subject to change and/or withdrawal without notice. Fairlead Strategies or its affiliates may have positions in financial instruments mentioned, may have acquired such positions at prices no longer available, and may have interests different from or adverse to your interests or inconsistent with the advice herein. Any investments made are made under the same terms as nonaffiliated investors and do not constitute a controlling interest. No liability is accepted by Fairlead Strategies, its officers, employees, affiliates, or partners for any losses that may arise from any use of the information contained herein. Any financial instruments mentioned herein are speculative in nature and may involve risk to principal and interest. Any prices or levels shown are either historical or purely indicative. This material does not take into account the particular investment objectives or financial circumstances, objectives or needs of any specific investor, and are not intended as recommendations of particular securities, investment products, or other financial products or strategies to particular clients. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. The material should not be provided to any person in a jurisdiction where its provision or use would be contrary to local laws, rules, or regulations. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Yahoo
11-07-2025
- Business
- Yahoo
Bitcoin's latest jump to record highs sets it up for another 14% rally, technical analyst says
Bitcoin broke out of its tight trading range to fresh highs this week. The token's recent price trends spell further gains ahead, analysts say. Other cryptocurrencies like ethereum and DOGE also jumped this week. After breaking out to new all-time highs this week, bitcoin has more room to run, analysts say. The top cryptocurrency has been stuck in a tight range for weeks, struggling to break above its last record around $111,000, but it moved decisively higher this week. After jumping above $118,000 on Thursday, technical analyst Katie Stockton, founder and managing partner of research firm Fairlead Strategies, believes bitcoin is on track to reach $134,500, about 14% higher than current levels. Stockton highlighted bitcoin's cup-and-handle price movement in the months since last December. The chart pattern gets its name from its teacup shape. First, the price forms a rounded "cup" as it dips and then recovers. Then, it pulls back slightly to form a smaller "handle," a short-term consolidation before breaking out to new highs. It's "a pattern that often results in immediate upside follow-through," Stockton wrote on Friday. Stockton's also looking at the Moving Average Convergence Divergence indicator (MACD), which measures trend momentum. Stockton believes it signals that bitcoin is on track for sustained upward price movement in the coming months. "Support is now defined by former resistance near $108,300," Stockton wrote. It's not just bitcoin that's jumped this week. Other cryptos are surging as well. Ethereum has rallied over 16% in the past five days, and as DOGE rose 8% in the last day alone. "Concurrently, strength in US equities, currently trading at or near all-time highs, is showcasing a robust risk-on environment, a supportive backdrop for crypto," Thomas Perfumo, global economist at crypto Kraken. Additionally, over $1 billion in short positions were liquidated in the last 24 hours as the price of bitcoin surged and traders were forced to close their positions, Perfumo said. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
11-07-2025
- Business
- Time of India
Bitcoin shatters records, surges past $118,000 - is this the start of a new crypto gold rush?
Why is Bitcoin surging past $118K right now? 1. Spot Bitcoin ETFs are driving massive inflows 2. Wall Street and corporate America are going all in 3. Pro-crypto laws and political backing 4. Weak dollar, strong tech = perfect storm Live Events How strong is this rally really? Price Today : ~$117,500 (Intraday high of $118,668) : ~$117,500 (Intraday high of $118,668) Weekly Gain : +10% : +10% Monthly Gain : +31% : +31% Year-to-Date Gain: Over 95% Over $1 billion in shorts have been liquidated, adding fuel to the rally. A technical breakout above $118K confirms a bullish 'cup and handle' formation, targeting $134,000 next. Why is Bitcoin hitting new all-time highs now? How is Trump's crypto stance shaping Bitcoin's rise? What role are institutions and companies playing in this rally? Is regulatory clarity on the horizon for crypto investors? Which crypto-related stocks are moving alongside Bitcoin? Are analysts predicting more upside for Bitcoin? Fairlead Strategies' Katie Stockton sees a clear path to $134,500 based on momentum and technical indicators. Bitwise's Jeff Park believes a 'trifecta' of low volatility, healthy liquidity, and strong ETF flows could push BTC to $140K by September. A new Keyrock Research report even projects $160,000 as a realistic year-end high if institutional demand holds strong. What are the risks to watch out for? Bullish Drivers Potential Risks Spot ETF inflows accelerating Sudden outflows or ETF slowdown Corporate treasury adoption Market overexposure to crypto Political & regulatory support Shift in political landscape or laws Technical breakout pattern Sharp correction back to $108K–$100K What's next for Bitcoin after breaching $118,000? FAQs: (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Bitcoin has once again made headlines, this time breaking past the $118,000 mark for the first time ever. The world's most valuable cryptocurrency soared on Friday as investors jumped into riskier assets, sending bullish signals across both crypto and tech markets. Fueled by a broader risk-on sentiment, Bitcoin (BTC-USD) is now up about 21% year to date, pushing past its previous highs with solid backing from institutional interest, pro-crypto policies under the Trump administration, and growing corporate since U.S. regulators approved spot Bitcoin ETFs, big players like BlackRock, Fidelity, and ARK Invest have been pouring billions into Bitcoin. These funds are scooping up BTC daily, tightening supply and sending prices aren't just buying ETFs — companies like MicroStrategy continue to add Bitcoin to their balance sheets. Other Fortune 500 firms are now following suit, treating Bitcoin as a strategic regulation is heating up in a good way. The GENIUS Act, aimed at creating a national framework for stablecoins, just passed the Senate. Meanwhile, President Trump's administration is signaling support for the crypto industry — a political tailwind the market is rising alongsidelike Nvidia and Apple. With theand the dollar softening, investors are flocking to risk assets — and Bitcoin is leading the isn't just rising — it's ripping higher. Here's what the data shows:Bitcoin's surge above $118,000 isn't just about speculation — it's happening alongside a bigger rally in the tech sector. Nvidia (NVDA), the AI chip giant, just crossed a $4 trillion market cap, while the Nasdaq Composite hit new highs this week. This highlights a strong link between crypto and tech stocks. As Nic Puckrin, founder of the Coin Bureau, explained, 'Historically, Bitcoin has remained highly correlated with tech stocks, and this correlation is still playing out.'This tech-driven rally reflects a shift in investor behavior as markets respond to optimism about growth and innovation, particularly around AI and digital Trump's recent push toward crypto-friendly regulations has been a major driver behind Bitcoin's rise. The administration has established a strategic bitcoin reserve and is reportedly expanding a federal digital asset stockpile. These moves signal stronger government support for Bitcoin and the broader crypto industry, helping build long-term investor fact, Trump's policies are widely seen as encouraging the financial sector to embrace digital assets, something that's now showing up in institutional buying of the most significant shifts in recent months has been the increased institutional participation in Bitcoin. According to Dilin Wu, a research strategist at Pepperstone, 'At the heart of this rally lies sustained structural inflows from institutional players.'Major companies like MicroStrategy (MSTR) and even GameStop (GME) have continued adding Bitcoin to their balance sheets. Meanwhile, Trump Media & Technology Group (DJT) is seeking approval to launch a Crypto Blue Chip ETF, which would hold nearly 70% of its assets in Bitcoin. This growing corporate participation adds another layer of legitimacy to Bitcoin as a long-term macro to the bullish momentum is the upcoming "Crypto Week" in Congress, starting July 14. Lawmakers will discuss several key crypto bills, including the GENIUS Act, which just passed the Senate. This bill aims to establish a federal framework for stablecoins, potentially giving regulatory clarity to platforms and to Jesse Jarvis, CEO of Kaiko AI, 'A favorable outcome could accelerate institutional inflows, reinforcing Bitcoin's role as a macro asset and strengthening confidence in compliant crypto platforms.'This could mean smoother paths for ETFs, custody solutions, and cross-border payments, helping Bitcoin further integrate into the mainstream financial rally has also boosted shares of several crypto-linked companies. Circle (CRCL), the issuer of the USDC stablecoin (USDC-USD), saw its stock rise by 2% on Thursday, pushing its gains to over 500% since its June 5 trading platforms like Coinbase (COIN) and Robinhood (HOOD) also traded higher, reflecting increased investor demand and optimism across the crypto space. These companies are often seen as direct beneficiaries of higher Bitcoin prices and rising retail and institutional — and they're getting rally is exciting, but not without risk. Here's what could derail it:Also, let's not forget: Bitcoin is still wildly volatile, often swinging 4–7% in a single has traded in a relatively narrow $10,000 range over the past two months, which is unusual for such a historically volatile asset. That consolidation phase, however, might have laid the groundwork for this positive policy developments continue, and tech stocks maintain momentum, Bitcoin could head even higher. Institutional inflows, regulatory clarity, and corporate adoption appear to be creating a more mature, structured market for digital assets — and Bitcoin is leading the surge above $118,000 is more than a milestone — it's a signal of changing tides. As crypto becomes more closely tied to tech, more widely accepted in corporate finance, and more embraced by regulators, Bitcoin's role as a long-term financial asset seems stronger than ever. With Congress eyeing new laws and investors flocking to digital assets, this could just be the beginning of the next phase in Bitcoin's is surging due to tech stock momentum, Trump's crypto policies, and strong institutional will debate crypto regulations, including stablecoin rules under the GENIUS Act.
