Market Insights
Opportunity knocks for those with trading in their DNA.
Curiosity creates opportunity. Insights create strategy. Born traders create their destiny.
Is More Weakness Coming in the U.S. Dollar?
The greenback has shown signs of continuing lower amid weak economic data and expected changes at the Fed.
Art of TradeStation: Candlesticks and Advanced Alerting
https://www.youtube.com/watch?v=2kxIcJQD2Zk Candlesticks like hammers, dojis and shooting starts are popular among stock market traders because they can help anticipate changes in direction. TradeStation's platform can detect a wide range of candlestick patterns using...
Bearish Patterns Appear in this Industrial Giant
Caterpillar was a top pick among investors for the rebound last year. But now the chart is showing several bearish patterns. First is the string of lower highs over the last five weeks. CAT held support around $200 during that time, resulting in a potential descending...
The Economy Suddenly Shows Improvement Despite Delta Variant and Bottlenecks
After a string of bad data, the U.S. economy is suddenly looking better. The U.S. Commerce Department reported today that retail sales increased by 0.7 percent in August. It was the biggest gain in four months and crushed estimates for a 0.8 percent drop. The...
Options Alert: Traders Brave Selloff in Casino Stock, Look for Oversold Bounce
Political and Covid-19 worries have crushed a major casino key gambling stock, but some options traders are looking for a bounce. Wynn Resorts (WYNN) is having its worst week in over a year, down 15 percent, after the government of Macau said it may increase...
Bitcoin: The Correction that Never Was?
"What if they gave a war and nobody came?" was a popular saying with protestors in the 1960s. Something similar could be asked of Bitcoin today: "What if they gave a selloff and nobody came?" Consider how BTCUSD knifed violently lower on September 7. Then consider the...
Oil and Gas Are Back in Focus as Winter Approaches and Demand Rebounds
Bullish catalysts seem to be increasing in the oil and natural-gas markets as demand rebounds and winter-heating season approaches. OPEC surprised investors on Monday by forecasting that global oil demand will hit new all-time highs in 2021, above pre-pandemic levels....
Technology & Communication
Chart of the Day: Chinese Electric Car Stock Rallies and Pulls Back
Most Chinese stocks remain well below their 52-week highs, but not Li Auto. Let's consider some of the patterns on the Beijing-based maker of electric cars and SUVs. First you have the level around $33. It was the opening price on December 3 when news of Didi's...
Bloom Coming off the Tech Rose?e?
The year 2017 was undeniably dominated by Technology. Megacaps like Apple (AAPL), Facebook (FB) Alphabet (GOOGL) climbed to new highs. Semiconductors giants like Micron (MU) and Nvidia (NVDA) weren't far behind as foundries basked in record orders from datacenters, AI...
Elliot Wave Still Flowing Higher: A Pro’s Insight
Bullish, bullish, bullish. That was the message from a widely followed market pro this morning. "We do have higher highs coming," Bennett McDowell of TradersCoach.com said on today's Morning Market Briefing. "At this time we're in Elliott Wave 3 on the 60-minute...