Market Insights

Downloads are available here. TradeStation’s ideas on TradingView are available here.

Next presentation: State of the Market on Monday, 9/15. (See Events page for more.)

Sizing Up the Market

• S&P 500 inching higher amid low volatility
• New record closing high of 6532
• 9-day rate of change (ROC) stays positive
• Wilder’s Relative Strength Index (RSI) above 50
• Intermarket: 10-year Treasury lowest since early April

S&P 500, daily chart, with select patterns and indicators.

New Highs in New Stocks

Examples found with techniques listed below:

• BE: Fuel cells for data centers
• CCJ: Pure-play uranium miner
• CRDO: Fiber optics for data centers/AI
• FN: Fiber optics for data centers/AI
• CIEN: Fiber optics for data centers/AI
• SNDK: Data storage
• U: Adtech for mobile games
• CPNG: South Korean e-commerce
• RDDT: Future member of the S&P 500?
• PH: Old industrial with liquid cooling for data centers

Finding New Stocks

• Days Since 52wk HL (in zip file): displays days since highs. Can be used in RadarScreen or Scanner
• Distance from 52 Week High (in zip file): Plots today’s high against the 52-week high (as of last close)
• Scanner: Scanner Price → % of 52 Wk High/Low
  • Plots current price relative to entire 52-week range (from 0 to 100)
• !IPO_tool (in zip file): displays days of history
  • Reference against these values:
    • RadarScreen: Customize → General “Additional bars to load”
    • Scanner: + → Load additional data
• Hot Lists:
  • Equities → Price Lists → Approaching 52Wk High%
  • Equities → Price Lists → Approaching 52Wk High$

Upcoming Events

• Earnings tonight: ADBE
• Fri 9/12: Consumer sentiment
• Tue 9/16: Retail sales, industrial production, NAHB housing index
• Wed 9/17: Housing starts, crude-oil inventories, ** Fed meeting + dotplot **
• Thu 9/18: Initial jobless claims