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Potential Bear Flag as News Worsens: Market Trends This Week
by David Russell | May 2, 2024
Downloads are available here. TradeStation’s ideas on TradingView are available here. Register for Market Trends here. Sizing Up the S&P 500 S&P 500 stalls under 50-day MA, April 12 (weekly) close Potential bearish flag forming January 31...
Ethereum Futures Launch Next Week as No. 2 Cryptocurrency Goes Increasingly Mainstream
by David Russell | Feb 3, 2021
Ethereum hit record highs yesterday as crypto investors prepare for futures contracts and other products. ETHUSD, the second biggest cryptocurrency by market cap, passed $1,500 for the first time on Tuesday. Unlike larger peer Bitcoin (BTCUSD), which broke its 2017...
Forget About Short Squeezes and Earnings. The Economy Could Be the Big Story This Week
by David Russell | Feb 2, 2021
The economic picture continues to improve as coronavirus comes under control, housing booms and energy rallies. The Congressional Budget Office estimated real gross domestic product (GDP) will return to pre-pandemic levels by the middle of this year. That's much more...
GameStop’s Real Lesson to Investors: Beware of Crowded Trades
by David Russell | Feb 2, 2021
GameStop's short squeeze is one of the most discussed news stories this year. Whatever you think of it, one thing is clear for investors: It shows the risk of "crowded trades." A "crowded trade" is a popular position or theme embraced by large numbers of investors. It...
Stocks Turn Negative for Year as GameStop Mania Triggers Big Volatility Surge
by David Russell | Feb 1, 2021
The GameStop short squeeze has spread waves of uncertainty across the market, overshadowing major earnings and economic news. The S&P 500 plunged 3.3 percent between Friday, January 22, and Friday, January 29. It was the biggest weekly decline since October, with...
Apple Stuns as the IPhone Upgrade Cycle Takes Hold: Earnings This Week
by David Russell | Jan 29, 2021
Apple led a busy week of earnings by crushing estimates as users clambered for new iPhones. Most other companies also had strong results -- especially chip makers and industrials. The tech giant generated $65.6 billion of revenue from iPhones last quarter, up 21...
GameStop Reversal? Short Squeeze Hits an ‘Outside Day’ of Epic Proportions
by David Russell | Jan 29, 2021
GameStop just had one of the craziest trading sessions in recent memory. The video-game retailer entered the session with a year-to-date gain of over 1,600 percent, propelled by a short squeeze of epic proportions. Seconds after 10 a.m. ET, it reached a high of $483....
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Technology & Communication
Options Alert: Call Buyers Take the Wheel At Apple On Report of Self-Driving Electric Vehicle
by David Russell | Nov 19, 2021
Apple could launch a self-driving electric car in 2025, and options traders are loving it. Nearly 3.2 million calls traded in the iPhone maker yesterday, the highest total in 14 months. The volume focused heavily on short-term weekly contracts expiring today: More...
Can This Social Media Stock Double in the Next Year?
by David Russell | Nov 30, 2018
A social-media stalwart got hammered yesterday, and someone positioned for a major rebound. Twitter (TWTR) fell almost 9 percent about halfway through the morning. As it clawed its way back to cut those losses, a trader amassed about 80,000 January 2020 70 calls for...
Popular Chip Stock Holds Key Level Into G20
by David Russell | Nov 29, 2018
One of the most heavily traded names in the chip space is holding a potentially key level. Micron Technology (MU) dropped 38 percent from the start of June through yesterday. But now the giant producer of memory circuits is holding its ground above $36.50, an old peak...
This Forgotten Industry Is Quietly Shining
by David Russell | Nov 27, 2018
Remember solar stocks? They're quietly screaming higher. PowerShares Solar Energy exchange-traded fund (TAN) is up 14 percent since the end of October. That outpaces every other major portfolio on our Market Action dashboard and puts the industry on pace for its best...
Showdowns in Tech: Battle for the Cloud
by David Russell | Nov 20, 2018
The world of technology is all about disruption, and now a fight is brewing in the cloud. Microsoft (MSFT) is making serious efforts to enter the world of "cloud computing," the business of large companies using third-party servers and software instead of running...