Market Insights
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Metal Futures on the Move Before Fed Meeting
Metals like gold and silver have rallied this year as investors shift away from the U.S. dollar.
Stocks Are Climbing an Epic Wall of Worry as Earnings Blow Past Estimates
An old adage states that "bull markets climb a wall of worry." It's especially true now. The S&P 500 fell 1.6 percent last Monday, its worst drop in over two months. But it immediately rebounded, and climbed the next four sessions. That resulted in gain of almost...
Market Breadth Can Anticipate Turns, Gauge Strength: Must-See Instructional Video
https://www.youtube.com/watch?v=j25eI_iLJEM The stock market's recent pullback followed a period of weakening breadth. Traders can use tools like advance/decline lines, equal-weighted ETFs and other measures of index internals to judge participation in rallies. This...
Earnings Season Begins on a Strong Note, Thanks to Snap and Chipotle
Earnings season is off to a bullish start as companies like Snap, Chipotle Mexican Grill and Coca-Cola blitz past estimates. That variety of companies -- social media, casual dining and hospitals -- highlights the breadth of the stock market's earning power. It shows...
Technical Analysis: Is Copper Squeezing Toward a Breakout?
Copper had a dramatic run coming out of the pandemic, more than doubling between March 2020 and May 2021. Now, after a period of consolidation, it may be ready for more upside. First consider the ascending triangle that’s formed with a top around $4.35. It’s currently...
Call Buyers Target Square as Jack Dorsey Talks Crypto with Elon Musk
Yesterday was big for cryptocurrencies as Elon Musk and Jack Dorsey spoke publicly about Bitcoin. The event also triggered a wave of bullish options activity in Dorsey's payments company, Square. Most of the volume focused on the short-term 23-July 255 calls. Buyers...
A Certain Chart Pattern Keeps Popping Up as Smaller Tech Stocks Come to Life
Last year saw dramatic rallies in smaller technology stocks like Nio and Snap. This month, several of those same companies have the same potentially bullish chart pattern. The table below lists companies whose 50-day moving averages recently crossed above their...
Technology & Communication
AMD Remained the Busiest Symbol in May With the Chipmaker Reporting Quarterly Results
Advanced Micro Devices was the busiest stock at TradeStation Securities in May as the chipmaker reported strong quarterly results. AMD held its position at the top of the rankings for the fourth straight month, according to TradeStation data. The company's earnings,...