Market Insights
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Has This Bullish Pattern Returned?
Downloads are available here. TradeStation’s ideas on TradingView are available here. Check out our next “State of the Market,” on Monday, 7/21. Sizing Up the Market S&P 500 holds last week’s low of 6201, above February high Tight range resembles earlier breakouts...
Options Alert: Another Mega Call Roll as Ford Motor Challenges the Historic $20 Level
Options traders are sticking with the same upside strategy as Ford Motor challenges multidecade highs. Here's the activity yesterday: Roughly 30,000 December 21.50 calls were sold for $0.10 against open interest of 10,601 contracts.A matching number of December 21...
This Disruptor Is Moving Beyond Mobile After Helping Create Smart Phones: Do You Know December’s Mystery Stock?
Even before coronavirus drove triggered heavy demand for electronic devices, chipmakers were booming. This month's mystery stock has been a key player in the semiconductor industry for over a generation. Like many technology firms, its history began during the Cold...
Stocks Fall Again as Investors Brace For the Fed to Take Away the Punch Bowl
Stocks fell again last week as investors brace for the Federal Reserve to "take away the punch bowl," by tightening monetary policy. The S&P 500 slid 1.2 percent between Friday, November 26, and Friday, December 3. Following the earlier week, the index had its...
Hawks at the Fed, Omicron, Buyer Fatigue: A New Set of Negatives Are Driving Volatility
After smooth sailing for most of the year, a series of negatives are hammering stocks as December begins. The S&P 500 is down 3.8 percent since Wednesday, November 24. While that might not sound like much, it's the biggest five-day drop since late October 2020....
This Corner Of the Technology Sector Was Coming to Life Before Omicron Struck the Market
Stocks have tumbled in the last week as investors worry about the omicron variant of coronavirus. However a certain group of technology firms was rallying before the selloff: computer hardware. HP (HPQ) and Dell Technologies (DELL), the world's No. 2 and 3 PC makers,...
Chart Analysis: Is a Breakout Coming in Bitcoin Miner Riot Blockchain?
Bitcoin miner Riot Blockchain hit a seven-month high in mid-November. It pulled back sharply and now may be attempting a breakout. The first pattern on today's chart is the price zone around $38. This is the roughly the spot where RIOT peaked in June and August. It's...
Technology & Communication
Chart of the Day: Is This Chip Stock Rolling Over?
Advanced Micro Devices has bounced sharply from its early-July lows, but some patterns could be pointing lower for the chip stock. The first pattern on today’s chart is the descending parallel channel that’s been in effect most of the year. AMD’s latest highs...
Here’s How Much Money Someone Made in Apple on Friday
There's a reason why people trade options in Apple (AAPL). Check out this massive call spread that took shape in the tech giant during Friday's session. Roughly 81,400 August 215 calls were purchased in thousands of small blocks. Buyers paid $1.03 on average. A...
Not All Tech is Rolling Over
Earlier today, Market Insights highlighted the general weakness in technology. But there's one huge exception to that statement: Apple (AAPL). Tim Cook's smart-phone behemoth made a new high this morning, and has set new records in nine of the 13 trading sessions this...
Tech and FANG Languish as Sentiment Shifts
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). This grouping accounted for a big chunk of the market's gains...
Turnarounds Get Rewarded: Earnings this Week
Investors like turnaround stories. That seems to be the message from the last week of corporate earnings. Consider two major retailers: Wal-Mart Stores (WMT) and Macy's (M). Both beat analysts' estimates, but moved in two very different directions. Why? It was all...