David Keller

Redmond

Contributor at CNBC

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Articles

Bearish Divergence Suggests Caution For S&P 500

2 weeks ago | stockcharts.com | David Keller

KEY TAKEAWAYS Major market peaks often feature a "bearish momentum divergence" where prices move higher on weaker price momentum. A bearish divergence this week suggests a similar lack of upside follow-through after a strong uptrend phase. Unless we see the divergence negated with higher momentum readings, a tactical pullback could be the most likely scenario.
This coffee chain’s shares could see a buyable pullback, according to the charts

2 weeks ago | cnbc.com | David Keller

Shares of coffee giant Starbucks (SBUX) have rallied about 20% from a closing low in early April. Now the stock is facing perhaps its biggest hurdle on the road to recovery: the 200-day moving average. Based on our review of the daily and weekly charts, we see a likely pullback scenario before the uptrend phase propels SBUX to even greater heights. Starbucks peaked in early March, making a new swing high even after the S & P 500 and Nasdaq 100 had already pulled back from their own peaks.
This industrial giant could be about to break out, charts show

3 weeks ago | cnbc.com | David Keller

Shares of Caterpillar (CAT) have stalled out in recent weeks, pounding out a sideways consolidation phase just below the 200-day moving average. We're noting a confluence of indicators that suggests a move above $355 could signal a new uptrend phase with an upside target above $400. After a significant rally off the April low, CAT pushed higher into early May when the European tariff news caused shares to gap up to the 200-day moving average.
Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

4 weeks ago | stockcharts.com | David Keller |Grayson Roze

Discover the top 10 stock charts to watch this month with Grayson Roze and David Keller, CMT. From breakout strategies to moving average setups, the duo walk through technical analysis techniques using relative strength, momentum, and trend-following indicators. In this video, viewers will also gain insight into key market trends and chart patterns that could directly impact your trading strategy.
Leadership Rotation Could Confirm Corrective Phase

4 weeks ago | stockcharts.com | David Keller

KEY TAKEAWAYS Sectors that led off the April market low are starting to underperform. Defensive sectors like consumer staples are demonstrating early signs of improving relative momentum. Using the RRG graphs, we can demonstrate a potential leadership rotation from offense to defense. There's no denying that the equity markets have taken on a decisively different look and feel in recent weeks.
This energy stock could see a 'big base breakout' to the upside, according to the charts

4 weeks ago | cnbc.com | David Keller

While energy has become a chronic underperformer in 2025, there are several infrastructure plays within the sector that are demonstrating much more constructive technical configurations as we near the end of May. Today we'll examine how Williams Companies (WMB) may be preparing for a "big base breakout" pattern with significant upside potential.
What Happens When the S&P 500 Breaks Below Gap Support?

1 month ago | stockcharts.com | David Keller

KEY TAKEAWAYS The "gap and run" scenario suggests an influx buyers driven by investor optimism. An exhaustion of buyers will create a "gap and fail" pattern, where an upside gap is followed by sudden selling pressure. Unless the S&P 500 can hold it's recent price gap, and remain above it's 200-day moving average, the gap and fail pattern would be confirmed.
Next stop for rallying Alphabet is the $200 area, according to the charts

1 month ago | cnbc.com | David Keller

With a number of mega cap technology and communication stocks struggling to maintain positive momentum after their recent gains, Alphabet Inc. (GOOGL) appears to be separating itself from the pack. With a decisive move above the 200-day moving average this week, there could be much further upside for this tech giant. The bullish case for GOOGL really started back at the April low, where the stock reached an oversold condition as it retested key support from May 2024.
S&P 500 Now in Weakest Seasonal Period...Or Is It?

1 month ago | stockcharts.com | David Keller

KEY TAKEAWAYS "Sell in May" is less about weakness in the spring and more about weakness in the autumn months. Since the COVID low, the S&P 500 has usually been quite strong in May-June-July. We're watching the SPX 5750 level along with other indicators to validate a potential seasonal reversal.
Healthcare shares are under pressure lately, but one stock is separating from the pack

1 month ago | cnbc.com | David Keller

Investors are generally avoiding the health care sector, and for good reason. While the Health Care Select Sector SPDR Fund (XLV) outperformed the S & P 500 and Nasdaq 100 through the end of April, May has meant disaster for pharmaceutical companies following the White House executive order on lowering drug prices.