Market Insights
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Chart of the Day: Tight Consolidation in Semiconductor Equipment Stock
Semiconductors have outperformed lately as investors get excited about demand from artificial intelligence (AI). Today’s chart considers equipment supplier Lam Research . The first pattern is the rising 50-day simple moving average. LRCX has consolidated in a tight...
Don’t Forget About Mexico
Everyone's focused on China, but don't forget about Mexico. That was a message on this week's Market Action webinar, and so far it's been playing out. In case you missed it, officials on both sides of the border have suggested a deal is close. They include White House...
Big Trade in a Little Gaming Stock: Options Recap
A small gaming stock has pulled back hard following a big rally, but now the bulls are back. Remember Scientific Games (SGMS)? It's a provider of gambling-technology like slot machines and lottery systems. But it was also viewed as a key beneficiary to the U.S....
Small Caps Trying to Break Out
Almost a month ago, Market Insights spotted a bullish triangle in small cap stocks. Today they're trying to break out. The chart below shows the tightening range on the iShares Russell 2000 ETF (IWM) over the last two months. Notice how it's made higher lows while...
This Week’s Market Action: August 20
Did you miss this week's Market Action webinar with David Russell and Don Pratl? Here's a link to the summary, and the replay is found below. Market Action is fast-paced, all-encompassing breakdown of big trades, sectors, trends, equities, derivatives and events. It's...
Options Recap: Are Airlines Ready to Fly?
Are airlines ready to take off? Some options traders seem to think so. The ARCA Airline Index ($XAL) rose 2.2 percent Monday, its biggest gain in over a month. The move on the heels of strong weekly bookings data and followed a broader rally in the transportation...
Market Action summary: 8/20/18
Click here to register for the webinar. S&P 500 overview: Bears running out of space after 2800 support held. Breadth improving, shown by RSP vs SPY. Transports gaining. Notice $DJT follow-through today after high close on Friday. China progress/impasse the next...
Technology & Communication
Stocks Keep Rising as U.S. and China Formalize Key Trade Deal
Stocks rose to new highs last week as China and the U.S. formalized a trade deal, easing tensions between the world's two largest economies. The S&P 500 rose 0.7 percent between Friday, December 6, and Friday, December 13. It was the 10th positive week in the last...