Market Insights
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Apple’s Big Week Drove the Nasdaq to Records
Apple just had one of its best weeks ever, driving the Nasdaq to new record highs.
Energy and Financials Are Crushing Technology as Reopening Accelerates into the Holidays
The reopening trade is back with vengeance, with investors shifting to energy and financials as coronavirus infections plummet into yearend. The SPDR Energy Fund (XLE) has gained 20 percent since the market peaked on September 2. Financials (XLF) are up 5 percent over...
Earnings Have Arrived. Keep Up to Speed With These Key Platform Tools
Hundreds of companies in the S&P 500, including Apple and Facebook, announce results over the next two weeks. Did you know that TradeStation offers a suite of powerful tools to navigate around these key quarterly events? Learn to schedule and plan for earnings...
Bitcoin Popularity Explodes as ETF Launches and Investors Shed U.S. Treasury Bonds
Bitcoin's popularity is surging as a long-awaited exchange-traded fund launches. Preliminary analysis from Google Trends showed Bitcoin's popularity jumping to its highest level in at least five years. It even eclipsed the previous peak from December 2017 when prices...
Technical Analysis: The Nightmare Could Be Ending in Chinese Tech Stocks
The last year for Chinese technology stocks has been nothing short of a nightmare. But now there could be signs of a turn in the KraneShares CSI China Internet ETF, which holds key names like Tencent and Alibaba. The 8-day exponential moving average was under the...
The Nuclear Option? Inflation Has Call Buyers Rushing Back to This Uranium Stock
Forget about lumber. Options traders looking to play inflation have rediscovered Cameco, a once-popular uranium miner. Call volume in CCJ totaled 3.6 million contracts in September, almost 4 times the previous record. After a pause in early October, activity surged...
Stocks Roar Back as Earnings Break a Negativity Bubble in the Market
Stocks rebounded sharply last week as investors rushed back to the market following a month of extreme pessimism. The S&P 500 rose 1.8 percent between Friday, October 8, and Friday, October 15. It was the index's biggest weekly gain in almost three months. The...
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...
Some Interesting Chart Patterns as Q3 Gets Started
Stocks began July on a positive note yesterday, led by technology. Several big names are also showing some patterns that could be interesting -- especially if investors are seeking opportunities at the start of a new quarter. As usual, we started by firing up...
In search of millennial melt-ups: Sprint
Last week we reviewed a couple of "millennial melt-up" stocks. We're continuing today with a name many younger adults likely know well: Sprint (S). Remember, the goal is to find stocks trading for less than $10. They need to be easily recognizable for investors who...
Guess who’s raiding the medicine chest
News reports have seen it coming for months, but now it's official: Amazon.com (AMZN) is attacking drug distributors. AMZN announced the purchase of closely held PillPack. The smaller company caters to patients who routinely take large numbers of medicines, like for...
Bulls pivot back to energy: Midweek sector check
The S&P 500 is bouncing at its 50-day moving average as the market drifts into the dog days of summer. Here's a breakdown of the best- and worst-performing industries so far this week. Winners: Energy is surging with life as crude oil (@CL) rallies to a new...