Thursday, September 21, 2023

Technical Analysis: Can Caterpillar Hold Its Gains?

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Caterpillar has been leading a rally in industrial stocks, but now some traders may expect a pullback. Notice the gap to new record levels on August 1 after earnings beat estimates. CAT pushed to another...

Options Strategies for Earnings Season and Other Events

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Quarterly earnings and other important events have the potential to trigger sudden moves in stock prices. Call and put options can help investors manage the risk of these catalysts by positioning for directional moves...

Stocks Test Support as Blue Chips Take Leadership From Big Tech

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Stocks are testing support as the venerable Dow Jones Industrial Average takes leadership from newer technology companies. The 138-year-old benchmark rose 0.7 percent between Friday, August 4, and Friday, August 11. The Nasdaq-100, on the...

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...
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