Sunday, May 19, 2024

Tech Languishes Before CPI: 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 trying to hold 7/12 closing price. Momentum weakens as 10-day MA falls but longer-term uptrend remains. Bearish outside days on...

Stocks Fall on U.S. Downgrade as a New Month Begins

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Stocks began August to the downside as big earnings passed and Fitch Ratings downgraded the sovereign debt of the United States. The S&P 500 fell 2.3 percent between Friday, July 28, and Friday, August 4....

Chart of the Day: Alphabet Pulls Back After Earnings Rally

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Alphabet jumped to a new 52-week high on strong results last week. Now it may be giving trend followers a potential opportunity. The first pattern on today’s chart is the bullish gap on July 26...

Stocks Keep Climbing: Has ‘Goldilocks’ Arrived?

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Stocks keep rising as lower inflation, accelerating growth and strong earnings create a potential "Goldilocks" scenario. The S&P 500 rose 1 between Friday, July 21, and Friday, July 28. It was the third straight weekly...

Market Stair-Steps Higher as Fed Passes: 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 another tight range near 52-week high July 20 low held July 14 high as resistance becomes support...

Blue Chips Break Out as Traders Pivot Before the Fed

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Blue chips are breaking out as investors pivot from growth stocks to value. The S&P 500 rose 0.7 percent between Friday, July 14, and Friday, July 21. The Dow Jones Industrial Average was the big...

Options Alert: Two Giant Trades In Uber Technologies

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Uber Technologies has been steadily trending higher, and options traders seem to think the move will continue. Two large transactions appeared in the ride-sharing stock yesterday. Both were bullish, although one involved significant risk and...

Lower Inflation Keeps Bulls in the Driver’s Seat as Earnings Begin

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Stocks keep rising as lower inflation spurs hope the Federal Reserve is almost done hiking interest rates. The S&P 500 rose 2.4 between Friday, July 7, and Friday, July 14. The index touched its highest...

Stocks Rise Into Earnings as ‘Soft Landing’ Hopes Grow: Market Trends

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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 bounces after holding 50% retracement of June 26-30 weekly candle Index has few apparent bearish signals as...

Chart of the Day: Is Caesars Following Travel Stocks Higher?

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Travel stocks have climbed recently, and now Caesars Entertainment could be showing signs of strength. The first pattern on today’s chart is the falling trendline along the highs of February, March and mid-June. The casino...
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