Market Insights
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Chart of the Day: Tesla Could Be Accelerating
Tesla skidded lower after its last earnings report on July 19, but now the EV giant could be turning a corner. The first pattern on today's chart is the dive toward $212 on August 18. It was the lowest level in more than two months, but TSLA gapped back to the upside...
Glass Seems Half Full in Big Tech: Earnings this Week
Investors stayed bullish on big technology stocks in the last week, even when their results missed estimates. Cisco Systems (CSCO), Take-Two Interactive Software (TTWO) and Booking (BKNG), and JD.com (JD) all rallied after reporting quarterly numbers. Some beat...
Bears Linger in Debt Laden Steelmaker: Options Recap
Steelmakers keep struggling, and now bears are looking for one of the weakest names to drop. AK Steel (AKS) has lost more than half its value in the last year, making it one of worst-performing names in one of the worst-performing industries. Its debt load exceeds...
Does U.S. Have the Upper Hand in Trade War? A Consensus Is Emerging
Did President Trump pick a good time for the U.S. to engage in a trade war with China? There seems to be a growing consensus in his favor -- politically and economically. First, prominent members of the opposing Democratic party are voicing support. That includes both...
Futures Trading Coach: These Two Rules Dominated Tuesday’s Markets
Two general rules dominated futures markets on Tuesday, according to John Hoagland at TopstepTrader. When a contract opens "in value" from the previous session, traders should consider waiting for it to test the outside of its recent range. This applied to Nymex WTI...
Podcast: Diagnosing Trump’s Trade War
Volatility returned to U.S. markets in the last week as Washington and Beijing raised tariffs on each other. This podcast considers the seriousness of the issue and its likely impact on the U.S. economy.
Bitcoin Bulls Were Running as Fear Swept Equity Markets
Something bullish has taken place in cryptocurrency markets as stocks crashed on trade worries. Bitcoin (BTCUSD) climbed 11 percent last week and is up almost triple that amount so far this week. The leading crypto is not only in the midst of its best month since...
Technology & Communication
Where’s the Crisis? Covid Economy Drives Growth at Disney and Square: Earnings This Week
The coronavirus pandemic might have caused a recession. But it's also driving growth at companies like Walt Disney and Square. DIS is the most prominent company that reported earnings this week. The health crisis predictably weighed on its backward-looking results....