Market Insights
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Chart of the Day: Is Tesla Running Out of Road?
Tesla has been rangebound for the last two months, and some traders may think it’s running out of road. The first pattern on today’s chart is the March high of $291.85. The EV maker peaked around the same level in late April and remains stuck there again in early May....
Amazon May Face an Uphill Struggle as 2022 Begins: Chart of the Day
Believe it or not, Amazon.com is little changed since July 2020. Now it faces an uphill struggle as a new year begins. The first pattern jumping off the chart is the downward-sloping trendline that began shortly before Thanksgiving. AMZN steadily trending lower as the...
Stocks Ended 2021 Strong as Investors Shift from Technology to Health Care and Real Estate
Stocks ended 2021 on a strong note as investors found opportunities in new sectors like health care and real estate. The S&P 500 rose 4.7 percent in December, rebounding from worries about the Federal Reserve and omicron variant of coronavirus. The index climbed...
Why Do Stocks Move? Check Out These 7 Catalysts That Drive Price Action in the Market
The stock market includes thousands of companies in scores of industries and groupings. While they may go up and down for any reason any day, there are underlying patterns behind price movement. This article reviews an earlier series on Market Insights explaining...
Tesla Is Weaving in Its Lane: Chart of the Day
Tesla has been on anything but autopilot since peaking above $1,240 in early November. The EV giant first made a lower high near $1,200, followed by a lower low under $900 yesterday. Taking a step back, the price action is starting to resemble a downward channel. This...
Find Opportunities in Any Market With TradeStation: Free Instructional Video
https://www.youtube.com/watch?v=48zbPk542XM The stock market is always changing. Sometimes investors focus on technology and growth companies. At other times, they stick with safe havens or traditional, established industries. How can you keep up? This free...
Caution Reigns in the Stock Market as the Fed Gets Hawkish and Omicron Spreads
Stocks remained under pressure last week as the Federal Reserve got hawkish and coronavirus made a comeback in the U.S. The S&P 500 slid 1.9 percent between Friday, December 10, and Friday, December 17. It was the third decline in the last four weeks, with risk-on...
Technology & Communication
Every Tech Company in the S&P 500 Fell Last Quarter — Except July’s Mystery Stock
The technology sector just had its worst quarter in 14 years. Every member declined in the period -- except for July's mystery stock. The SPDR Technology Sector ETF (XLK) fell 20 percent between March 31 and June 30 -- its worst quarterly performance since late 2008....
Good Tech, Bad Tech: Options Activity Recap
Call volume spiked noticeably in two different technology stocks yesterday, with two very different meanings. Just look at Broadcom (AVGO). The chip maker went from a darling to a pariah two months ago by purchasing software maker CA (CA). Investors, confused by the...
Some Potentially Bullish Chart Patterns, Sept. 14
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 our weekly Market Action webinar. Be sure to sign up for...
Can This Tech Giant Hold Support?
Big Tech has seen its share of volatility in the last week. Now as the waves of panic recede, a value opportunity may have washed up on the beach. Take a look at Alphabet (GOOGL). The Internet giant has dropped more than 6 percent from its late-August peak, hammered...
Check Out This Stunning Divergence in Tech
Software versus semiconductors. It's a major split running down the middle of the technology sector. The chart below compares the performance between the iShares North American Software ETF (IGV) and the Market Vectors Semiconductor ETC (SMH) since the start of 2016....