Market Insights
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Large Options Trade Appears in Coinbase as Bitcoin Rallies
Bitcoin is flirting with record highs and the options are getting active in Coinbase before its quarterly results. Check out this large transaction yesterday in the cryptocurrency exchange: Some 35,215 December 190 calls traded for an average price of $44.87. Matching...
Art of TradeStation: Go Deeper With Market Breadth
Market breadth analyzes the strength of the overall market by showing how stocks are performing in aggregate. It's a kind of technical analysis that looks deeper than the simple price performance of market-cap weighted major indexes like the S&P 500 and...
Chart of the Day: Does the S&P 500 Have Lessons From History?
Yesterday's CPI report was a reminder that, despite how it feels, the inflation crisis might not last forever. This raises the question of how to think about the Federal Reserve, and makes us look back to previous moments in history. The most relevant precedent could...
Layoffs Increase, Potentially Welcome News for the Federal Reserve
Layoffs are a new trending theme, which is potentially welcome news for the Federal Reserve. The Google Trends chart below shows interest in the term "layoff" tripling since the beginning of October. It's now back to its highest level since May 2020 near the start of...
Chart of the Day: Can Anything Stop Hess?
Energy remains the top-performing sector this year. Today we're focusing a member of the group with potentially classic breakout behavior: Hess. The first pattern on the oil and gas stock's chart is the is the October 26 surge above $137. That was the previous...
Investors Survive a Turbulent October, Shifting to New Stocks as Interest Rates Climb
Stocks held their ground during a turbulent October as investors focused on new areas that could lead in the market's next cycle. The S&P 500 rose 8 percent, advancing for the first time in three months. The move came after a higher-than-expected inflation report...
Stocks Keep Climbing Before the Fed: Will Jerome Powell Finally Slow Down?
Will Jerome Powell finally hit the brakes? Stocks could be moving like the Federal Reserve is near the end of its rate-hiking cycle. The S&P 500 rose 4 percent between Friday, October 21, and Friday, October 28. It was the second weekly gain of at least 4 percent,...
Technology & Communication
Technical Analysis: Tight Consolidation in Another Clean Energy Stock
Clean-energy stocks have been one of the strongest parts of the market lately, and today’s chart focuses on a new battery-tech name: Stem. The first pattern is the quick uptrend in late summer, fueled by the Inflation Reduction Act and strong quarterly results on...
Stocks Are Back to This Major Level. Here’s What to Watch Next
Stocks are back to key levels as the market looks for the worst economic crisis since the Great Depression to fade. The S&P 500 rose 3 percent between Friday, April 10, and Friday, April 17. The index closed above its 50-day moving average for the first time since...
Earnings Off to Weak Start as Banks Fill Rainy Day Funds
Earnings season began on a weak note as major banks set aside billions for credit defaults after coronavirus shut down the U.S. economy. JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C) and Wells Fargo (WFC) took more than $19 billion of combined loan-loss...
Amazon.com Tries to Rejoin the Trillion Dollar Club as FANG Lags
Amazon.com is trying to regain an elite status it lost because of coronavirus: a trillion-dollar market capitalization. The e-commerce giant briefly reached that valuation in January after a strong earnings report. It proceeded to drop as much as 26 percent as...
Tesla’s Turnaround Continues as Bulls Target Safety Plays in the Stock Market
While coronavirus hammered most stocks in the first quarter, a few began the second quarter on a strong footing. Tesla (TSLA) is one of them. The electric-car maker just reported deliveries of 88,4000 vehicles, more than 10 percent above forecasts. The total included...