Friday, April 26, 2024

Stocks Have Had a Healthy Pullback. Will Buyers Step In?

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Stocks have had their biggest pullback since the current rally began. Will buyers step in? The S&P 500 fell 1.6 percent between Friday, April 5, and Friday, April 12. It was the biggest weekly drop...

Are Rate Cuts Out the Window? Market Trends This Week

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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 in midst of first negative month since October Prices break trendline, rising 21-day exponential moving average Rate of change,...

Stocks Pull Back Before Inflation Data and Earnings Season

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Stocks began the second quarter with a pullback as investors worried about higher interest rates and geopolitical risk. The S&P 500 fell almost 1 percent between Thursday, March 28, and Friday, April 5. (Markets were...

Chart of the Day: Are Regional Banks Turning Higher?

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Regional banks had a big surge in late 2023. Now, after a period of consolidation, some traders may expect further gains. The first pattern on today’s chart of the SPDR S&P Regional Banking ETF is...

Bulls Pivot from Rate Cuts to Economic Growth: Market Trends This Week

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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 holds 50% of March 15-22 weekly move, March 8 high Trio of key patterns remain: Holds rising 21-day EMA RSI...

Stocks Make a 3rd Monthly Record as Buyers Rotate Away from Growth

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Stocks hit a new record for the third straight month in March, but there was significant rotation away from growth names and technology The S&P 500 rose 3.1 percent, outpacing the Nasdaq-100 by 1.9 percentage...

Chart of the Day: Palantir Stabilizes Above Old Highs

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Palantir Technologies has advanced as investors embrace AI and non-government customers embrace its products. Is its current pullback offering an opportunity? The first pattern on today’s chart is the pair of rallies after the last...

Traders Have a Powerful Tool in OptionStation Pro

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OptionStation Pro is a comprehensive and powerful platform designed to meet the needs of options traders. Its intuitive interface includes tools for viewing, analyzing and trading options. This free educational video explains how customers can...

Dovish Fed and Strong Earnings Drive Stocks to Another Record

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Stocks just had their best week of the year, thanks to a dovish Federal Reserve and strong earnings. The S&P 500 rose 2.3 percent between Friday, March 15, and Friday, March 22. It was...

Stocks Break Out as Cyclicals Rally: Market Trends This Week

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Downloads are available here. TradeStation’s ideas on TradingView are available here. The next Market Trends will be Thursday, April 4. Register for Market Trends here. Sizing Up the S&P 500 S&P 500 closes at record high above 5200 Advance / decline...
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