Market Insights
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Earnings From Big Technology Stocks Are Coming Soon
Third-quarter earnings season has begun. Financials were the first major sector to report and the agenda will soon turn to large technology companies like Microsoft and Apple. This article will cover some key dates and recent news on these major growth stocks....
Chart of the Day: Potential Uptrend in DraftKings
DraftKings spent four months digesting a strong first half. Now after a rally and pullback, traders may see more upside in the sports-betting stock. The first pattern on today's chart is the August peak of $34.49. Strong earnings propelled DKNG through that level in...
This Industry Just Broke Out. Will the S&P 500 and Nasdaq Follow?
Stocks could be attempting a breakout as confidence continues to spread. The S&P 500, Nasdaq-100 and Dow Jones Industrial Average climbed fractionally between Friday, December 1, and Friday, December 8. All three had their highest daily and weekly closes in over a...
Stocks Pause at Key Area Before the Fed: Market Trends This Week
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 tries to hold support above September highs Still at weekly resistance line Candlestick patterns: Bearish...
Markets Feeling Dovish Before the Fed: 5 Key Charts Right Now
Financial markets seem be increasing their dovish views with three major economic events in the next week. The charts and news events below paint a picture of slowing economic growth and inflation. That's making investors think the Federal Reserve will skip a rate...
Chart of the Day: More Downside in Energy ETF?
Energy was the only the only major sector to fall last month. Is there more downside risk? The first pattern on today's chart of the SPDR Select Sector Energy Fund is the November 6 close of $85.70. XLE ... For more, please click here to view the...
Megacaps Lag as Stocks Keep Rising. Has the Great Rotation Begun?
Money is streaming into abandoned corners of the stock market as yearend approaches. Are investors finally shifting away from megacap growth names like Apple and Microsoft? The S&P 500 rose 0.8 percent between Friday, November 24, and Friday, December 1. It was...
Technology & Communication
Stocks Pause Near Record Highs Before Inflation, Earnings
Stocks are pulling back as traders wait for key inflation data and the start of earnings season. The S&P 500 fell 1.5 percent in the holiday-shortened period between Friday, December 29, and Friday, January 5. It was the first drop in 10 weeks, ending the index's...
This Key Part of the Technology Sector Could Be Flashing Warning Signs: Chart of the Day
Semiconductors have been a key pillar of the S&P 500’s advance since 2016, and now they may be flashing a warning signal for the overall market. This chart of the Philadelphia Semiconductor Index shows how gains have been slowing all year. Prices have squeezed...
Stocks Are Climbing an Epic Wall of Worry as Earnings Blow Past Estimates
An old adage states that "bull markets climb a wall of worry." It's especially true now. The S&P 500 fell 1.6 percent last Monday, its worst drop in over two months. But it immediately rebounded, and climbed the next four sessions. That resulted in gain of almost...
Earnings Season Begins on a Strong Note, Thanks to Snap and Chipotle
Earnings season is off to a bullish start as companies like Snap, Chipotle Mexican Grill and Coca-Cola blitz past estimates. That variety of companies -- social media, casual dining and hospitals -- highlights the breadth of the stock market's earning power. It shows...
Call Buyers Target Square as Jack Dorsey Talks Crypto with Elon Musk
Yesterday was big for cryptocurrencies as Elon Musk and Jack Dorsey spoke publicly about Bitcoin. The event also triggered a wave of bullish options activity in Dorsey's payments company, Square. Most of the volume focused on the short-term 23-July 255 calls. Buyers...