Market Insights
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What’s Performing as Megacaps Lag?
Downloads are available here. TradeStation’s ideas on TradingView are available here. Check out our next “State of the Market,” on Monday, 5/12. Sizing Up the Market S&P 500 consolidates in April 2 range of 5571-5695 Price remains above 10-, 50-day moving average...
This Sporting Goods Stock Is Starting to Run: Technical Analysis
Dick's Sporting Goods has been running. Now, after a brief pause, it may be ready to keep moving. The first interesting pattern on the daily chart is the price gap on May 26, which DKS recently tested (and partially filled). That resulted from a blowout quarterly...
Consumer Stocks Get a Boost from Amazon Prime Day, Plus Reopening and the Start of Summer
Amazon Prime Day set records again this month, and more companies than just Amazon.com could benefit. Sales were estimated at $11 billion, up from $10.4 billion last year. Excitement around the event lifted AMZN back above $3,500 for the first time since April. It...
Options Alert: Bulls Target Roku as Original Content Draws Comparisons with Netflix
Options activity is heating up in Roku as the streaming-video upstart launches original content. Call volume has steadily increased since ROKU signed Kevin Hart for a second season of his action/comedy program. (Last year it was called "Die Hart." The next one will be...
Why Are Stocks Bouncing So Quickly After the Fed’s Hawkish Message?
Stocks crashed last week after the Federal Reserve scared investors with a hawkish stance on interest-rate increases. But now the market's ripping back almost as quickly as it fell. Why? This article will consider not only the Fed's announcement last week, but the...
Initial Public Offerings and SPACs: Track and Analyze Them With These Tools
The number of initial public offerings (IPOs) and SPACs is up sharply from last year as confidence returns to the market. Despite the improved conditions, several prominent companies like Palantir (PLTR) and Airbnb (ABNB) have struggled and remain well below their...
Housing Stocks Have Crashed — Just in Time for Mortgage Rates to Come Back Down?
Housing stocks rallied in early 2021 as Americans scrambled for new homes. Now they pulled back dramatically as lumber prices tumble and mortgages get more affordable. The chart below the Philadelphia Housing Index ($HGX) with the Stochastic Slow Indicator, a common...
Technology & Communication
Global Energy Squeeze Revives Interest In Solar Stocks Following a Year of Consolidation
Solar energy stocks were one of the top performing groups in the pandemic year 2020. Now after a long pause, the global energy shock is reviving the group. SolarEdge Technologies (SEDG) is up 36 percent in the last month, making it the top performing member of the...