Market Insights
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Stocks Break Out as the Federal Reserve Turns Dovish
Stocks are breaking out as the Federal Reserve moves to support the economy instead of fighting inflation. The S&P 500 rose 1.4 percent between Friday, September 13, and Friday, September 20. The index closed above 5,700 for the first time ever, while the Dow...
Stock Market Faces Big Tests After a String of Positive Earnings
Earnings season has gone better than feared, but traders face new uncertainties this week. Today and the next two sessions bring key news on the impact of bank failures, the U.S. debt ceiling and inflation. It's a big change from recent weeks, when strong quarterly...
Double Top Before the Debt Ceiling? Market Trends This Week
Downloads are available here. Register for Market Trends here. Sizing Up the S&P 500 Attention now turns to debt ceilingPotential double-top versus February highFalse breakout on weekly chart versus last weekTight range has potential for increased volatilityFewer...
Stocks Keep Fighting Higher as Inflation Slows and Earnings Beat Expectations
Stocks kept fighting higher last month as inflation slowed and earnings beat estimates. The S&P 500 rose 1.5 percent in April, its third gain in the first four months of the year. The index has returned to challenge its February high, and is still above falling...
Chart of the Day: Will Alcoa Continue Lower?
Alcoa rallied early last year after the Ukraine war threatened aluminum supplies. It’s struggled since and now some traders may expect further pushes to the downside. The first pattern on today’s chart is the series of lower highs since August (marked with red...
Breakout or Breakdown? Stock Movement Grinds to a Halt as Investors Wait and See
Stocks have stopped moving as investors wait for more news on corporate earnings and interest rates. The S&P 500 slid 0.1 percent between Friday, April 14, and Friday, April 21. If that percentage change sounds small, consider that the index fluctuated less than...
Inflation Fades, Earnings Beat and Stocks Push Higher
Stocks keep pushing higher as inflation fades and earnings beat expectations. The S&P 500 rose 0.8 percent between Friday, April 7, and Friday, April 14. It was the fourth gain in the last five weeks. Several data points suggested further slowing of inflation, the...
Technology & Communication
Chart of the Day: Apple Pulls Back After a ‘Golden Cross’
Apple clawed to a six-month high last week. Is it done or will prices continue higher? The first pattern on today’s chart is the price level around $156. AAPL peaked there on March 6 and bounced there yesterday. Some chart watchers could think ... For more,...
Tesla Was TradeStation’s Most Active Stock in 2020 as Electric Cars Went Mainstream
Electric cars remained a major theme at TradeStation in December. Traders also returned to established large-cap technology stocks. Apple (AAPL), the world's most valuable company, rose one spot as investors focused on the potential for an iPhone upgrade cycle. Large...
Market Pulse: Apple Holds Breakout as iPhone Cycle Takes Hold
Apple’s price chart continues to show improvement amid reports of strong demand for the iPhone 12. Click here to view the related idea and chart analysis on TradingView. See also: Market Pulse: Apple’s Next IPhone Cycle Could Be Starting
Market Pulse: Apple’s Next IPhone Cycle Could Be Starting
Apple introduced the iPhone 12 two months ago. Now it may be starting to pay off. Japanese news service Nikkei reported early today that AAPL wants to increase iPhone production by almost 30 percent in the first half of 2021. That would entail as many as 96 million...
Airbnb, DoorDash IPOs Upsized: Investors Cannot Get Enough of New Technology Stocks
Airbnb and DoorDash both increased the size of their initial public offerings this week as investors continue to pour money into new-economy technology stocks. ABNB and DASH are looking to raise $6.2 billion -- more than double the total for the entire month last...