Market Insights
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Chart of the Day: Best Buy’s Lower Highs
Best Buy fell sharply on “Liberation Day.” Now, after a modest rebound, some traders may see further downside risk.
Omicron Variant Hammers Stocks, But Is the Pullback a Buying Opportunity?
Stocks crashed last week as the omicron variant of coronavirus appeared, overshadowing a wave positive economic news. The S&P 500 closed little changed on Wednesday as investors thought they would settle into a quiet Thanksgiving, but reports of the new pathogen...
Stock Market Breadth Was Weakening Even Before Friday’s Sharp Selloff
Renewed coronavirus fears hammered stocks on Friday. But even before the selloff, key market internals were weakening. Technical analysts often study breadth, the aggregate behavior of stocks within key indexes. This can help assess the strength of a broader move. Is...
Ethereum Holds $4,000 and the Trendline: Chart of the Day
Ethereum has been pulling back since mid-November, potentially creating opportunities for traders. The first pattern on today’s chart is the trendline starting on July 20 and running along the lows of late September. Notice how ETHUSD initially tested that line on...
Olaplex and On: Recent IPOs Pull Back After Their Debut Quarterly Reports
The IPO market is setting new records as 2021 nears and end. Today we'll review some recent deals, including three companies that issued results for the first time. On Holding (ONON) is one of the biggest movers in recent weeks. The Zurich-based sneaker company went...
Nasdaq Leads Stocks to New Highs as ‘Goldilocks’ Returns
Stocks rebounded last week, led by the Nasdaq-100, as "Goldilocks" conditions return. The S&P 500 rose 0.7 percent between Friday, November 12, and Friday, November 19. However the big move came from the Nasdaq-100, which gained 2.5 percent as semiconductors and...
Options Alert: Call Buyers Take the Wheel At Apple On Report of Self-Driving Electric Vehicle
Apple could launch a self-driving electric car in 2025, and options traders are loving it. Nearly 3.2 million calls traded in the iPhone maker yesterday, the highest total in 14 months. The volume focused heavily on short-term weekly contracts expiring today: More...
Technology & Communication
Chart of the Day: Does Tesla Need to Recharge its Batteries?
Tesla rallied more than 50 percent from its lows of the year through earlier this week. But now it may be running out of juice. The main pattern on today's chart is the price area around $939. It was the opening price on May 5 before TSLA knifed under its 200-day...
Strong Results Keep Flowing: Earnings This Week
As earnings season marches on, investors remain happy with results. Most of the big companies that have reported in the last week beat estimates, including some well-known retail and media names. Take Dish Network (DISH) for instance. The satellite-TV company...
Big Moves in Small Tech
Lots of attention obviously focuses on the biggest stocks, but results from smaller companies have been arguably better this earnings season. This post will review some of those lesser-known names, especially in the e-commerce space. A big one is Match (MTCH). The...
Are Buyers Returning to This Forgotten Corner of Tech?
Disclosure: This post is intended for educational purposes only and isn't intended as a trade recommendation. Most traders love technology stocks. Did you know that a long-forgotten group in the space is ripping higher this month? We're talking about fiber optics....
How to Manage Risk in a Teetering Giant: Options Recap
Disclosure: This post is intended for educational purposes only. Options may not be suitable for all investors. What happens if you want to own a stock but are worried about short-term volatility? Use options -- that seemed to be the answer from a big investor...