Market Insights
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Tesla Fades as Chinese EV Stocks Jump
Downloads are available here. TradeStation’s ideas on TradingView are available here. Check out our next “State of the Market,” on Monday, 3/3. Sizing Up the Market S&P 500 crumbles under 21-day EMA, 50-day MA Short-term indicators turn negative: MACD, RSI, 9-day...
Tech Unwind Continues as Traders Wait for the Fed
Technology stocks are still falling as investors wait for big news events like inflation and the Federal Reserve. The Nasdaq-100 shed 5.9 percent of its value in the holiday-shortened period between Friday, August 30, and Friday, September 6. It was the biggest weekly...
Gasoline Futures Go on Sale as China Sputters and Saudis Cut Prices
Energy costs are falling on signs of weaker demand and increased supply. Several negative headlines appeared before and after the Labor Day weekend. First, Chinese manufacturing activity slowed more than expected to its worst level in six months. Then Reuters reported...
Bears Enter September in Retreat After a Dramatic August
Bears tried to hit the stock market in August, but were driven off by good news about the economy and earnings. The S&P 500 began last month with a sharp selloff, initially falling more than 9 percent below its July close. But sellers quickly evaporated and the...
Rotation Continues as Nvidia Beats Again: Market Trends This Week
Downloads are available here. TradeStation’s ideas on TradingView are available here. Check out our next “State of the Market,” on Monday, 9/9. (Next Market Trends will be Thursday, 9/12) Sizing Up the S&P 500 S&P 500 holds 5560 price area...
Chart of the Day: Amazon.com May Be Overbought
Amazon.com has rebounded from a drop, but some traders may think the e-commerce giant will give back some of its recent gains. The first pattern on today’s chart is the $181.87 level. It was the low immediately before earnings came out and represented the approximate...
There’s Big AI News This Week, But Is the Market Already Moving On?
This week brings major news for Artificial Intelligence, but some investors may already be moving on to the next big trend. The S&P 500 rose 1.4 percent between Friday, August 16, and Friday, August 23. Interest-rate sensitive groups, like homebuilders, banks and...
Technology & Communication
Stocks Break Out as Technology and Cyclicals Come Back to Life
Stocks broke out to new highs last week, led by technology and cyclicals like financials and cruise ships. The S&P 500 rose 1.1 percent between Friday, October 4, and Friday, October 11. It was the fifth straight positive...
Options Alert: Call Buyers Target Plug Power After Amazon.com Deal
Options traders are buying the pullback in Plug Power, two weeks after a key deal with Amazon.com. Unusual activity in the provider of hydrogen-fuel technology began less than five minutes after Wednesday's opening bell. Traders initially purchased the 9-September...
Stocks Keep Diving With the Fed Still Pushing Interest Rate Hikes
Stocks keep diving as the Federal Reserve menaces investors with aggressive interest-rate hikes. The S&P 500 fell 3.3 percent between Friday, August 26, and Friday, September 2. It was the third straight negative week, with over 90 percent of the index's members...
Chart of the Day: Is This Chip Stock Rolling Over?
Advanced Micro Devices has bounced sharply from its early-July lows, but some patterns could be pointing lower for the chip stock. The first pattern on today’s chart is the descending parallel channel that’s been in effect most of the year. AMD’s latest highs...
Chart of the Day: Does Tesla Need to Recharge its Batteries?
Tesla rallied more than 50 percent from its lows of the year through earlier this week. But now it may be running out of juice. The main pattern on today's chart is the price area around $939. It was the opening price on May 5 before TSLA knifed under its 200-day...