Saturday, May 4, 2024

Monex Crypto Market Weekly: October 18

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This post is a translation of the weekly cryptocurrency analysis by Crypto Lab, a wholly owned subsidiary of Monex Group (Tokyo, Japan). Monex is the parent of TradeStation Group. Summary Bitcoin (BTC) dipped below support at...

Tech and FANG Languish as Sentiment Shifts

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FANG seems to be losing its mojo along with the rest of tech as sentiment shifts in the market. FANG, if you don't know, stands for Facebook (FB), Amazon.com (AMZN), Netflix (NFLX) and Alphabet (GOOGL)....

Chart of the Day: Potential Uptrend in DraftKings

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DraftKings spent four months digesting a strong first half. Now after a rally and pullback, traders may see more upside in the sports-betting stock. The first pattern on today's chart is the August peak of...

E-Commerce Giant Struggles After Bearish Price Gap: Chart of the Day

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Amazon.com rallied into its last earnings report, and crashed on a very weak outlook. Now traders may need to mind the price gap that resulted. So far, AMZN hasn't even tried to fill that chasm,...

Guess Who’s Shopping in the Retail Space

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Bears are shopping for downside in the retail space after a rough start to the month. A block of 40,000 December 47 puts was purchased this morning in SPDR S&P Retail ETF (XRT) for $1.08....

The Shocking Truth About IPOs

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For years, initial public offerings performed poorly. But that seems to be changing right before our eyes. Several companies have ripped higher since going public in the last few months. Technology has dominated the trend,...

Stocks Grope for Support as Yields Jump: 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 forms hammer at lowest level since June 1 Potential support at early-June range, bottom of falling channel. Prices remain below...
Tesla Stock May Be Hitting Resistance as Competition Increases

Tesla Stalls at Potentially Key Level As Competitors Make a Comeback

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Tesla appears to be hitting resistance at $700 as sentiment pivots to legacy automakers like General Motors and Volkswagen. This chart highlights a few important patterns on Elon Musk's electric car maker: A trendline that...

Financial ETF Is Attempting a Historic Breakout as Interest Rates Rise

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The SPDR Financial ETF quietly did something historic last week: It closed at the highest price ever. This is a big deal because XLF has been trapped at resistance running back to 2007 (before...

Last week was calm as confidence grew

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Despite a lot of news, last week was the quietest of the year. The S&P 500 moved less than 30 points between its low and high, the narrowest range since Christmas. The index still managed...
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