Friday, April 19, 2024

Big Caps on the Move: Scanning for Breakouts in the Dow

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It's pretty quiet today as stocks drift aimlessly before Labor Day. Dog days of summer? More like the sloth days ... Still, some members of the Dow Jones Industrial Average are melting to new highs...

Why Yesterday Might Have Been a Big Day

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Something interesting happened yesterday: a bullish engulfing candle on the S&P 500. That means the index opened below the previous session's low and closed above its high. It's a classic reversal pattern that may signal...

Some Potentially Bullish Chart Patterns, Sept. 14

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With volatility so low, it can be hard to find movement in the big indexes. So today we'll look at some individual stocks with potential opportunities. We found these using methods and tools highlighted in...

Options 101: Going ‘In the Money’

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One of the confusing things about options is, quite simply, all the options. Every underlier has dozens, if not hundreds or even thousands of related contracts. Where on earth to begin? There are many ways...

Energy Waffles as Iran Sanctions Draw Near

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The S&P 500 bounced after last week's sharp drop, but oil hasn't been so lucky. Crude oil futures (@CL) closed yesterday at their lowest level in a month. The weakness comes as news events turn potentially...

This Chart Shows Just How Bearish Tech Has Gotten

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Most clients know technology stocks are getting hammered. But just how bad is the selling? Pretty bad, it turns out, according to TradeStation's award-winning platform. This chart compares the Select Technology Index ($XLK.IV) to the...

Managing Your Account in the New Year

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It's the New Year! You may have resolved to hit the gym, but if you're a TradeStation client, it's also a great time to get your accounts in tip-top shape. Today we'll preview a...

Some Stocks Are Already Hitting New Highs

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Major indexes remain well below last year's peaks despite their recent bounce. But some stocks are now trying to break out to new highs -- unfazed by the volatility of late. The screenshot below from TradeStation's...
A Pattern With a Strong Track Record Is About to Appear

A Pattern With a Strong Track Record Is About to Appear

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One of the most popular chart patterns is about to take place on the most important index. We're talking about a "golden cross" on the S&P 500. Defined as a cross of the 50-day moving...
Are Tesla and Advanced Micro on Your List as the Market Bounces?

Are Tesla and Advanced Micro on Your List as the Market Bounces?

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Is the coronavirus selloff finally ending? That was the hope this morning as Congress prepares a multi-trillion dollar bailout for the economy. The problem with huge rallies like today is that some of the biggest...
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