Market Insights
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Symbol Linking Can Help Unlock the Power of TradeStation
TradeStation's platform is rich in analytics and insights. Today's post will explain symbol linking, a key tool for pulling the functionality together. Symbol linking lets one application, like RadarScreen® or Scanner, load a stock or futures contract across other...
DraftKings Could Be Attempting a Breakout as Sports Betting Spreads: Technical Analysis
On bearish days like we’ve had lately, it can be useful to look for stocks lurking near highs because they often break out when calm returns. DraftKings seems to fit that bill. First, consider how the sports-betting stock formed a large bullish ascending triangle...
Technology and the Nasdaq Turn Negative for the Year as Reopening Triggers Broad Rotation in the Stock Market
The Nasdaq-100 just sank into negative territory for the year as investors dump the same technology stocks that boomed during the pandemic. The index is now 1.6 percent below its closing price on December 31. That dragged on two important exchange-traded funds (ETFs)...
Technical Analysis: Ingersoll Rand Has a High Tight Pennant
Industrials have outperformed this year as investors look for the economy to rebound. Ingersoll Rand is a member of that group with some interesting chart patterns. First, notice how IR surged to a new all-time high last week. It’s now pulled back to hold its earlier...
Breakouts and Breakdowns: Forgotten Industries Like Financials and Autos Are Leading in 2021
Sentiment has changed dramatically in 2021 as investors position for a surge of economic growth. This has caused some big pivots between former leaders and laggards. This post will break down some key trends. First, the change can be explained by higher interest rates...
TradeStation Crypto – Managing Your Account Video
Managing your crypto trading just got easier with this handy video. See how to bring crypto in from external wallets and track your trading in TSCrypto. Watch how to deposit crypto coins, withdraw crypto coins, set your preferences, and view your transactions.
Chart Study: Can Nvidia Climb a Wall of Worry?
Nvidia has gone nowhere since the summer, but now the chart may be lining up for another push to the upside. The first pattern is the series of higher lows beginning in early January, plus a new all-time high in February. Next, the most recent low of around $528 is...
Technology & Communication
Chart of the Day: More Upside in Advanced Micro Devices?
Advanced Micro Devices rallied hard on strong results in late July. Now almost two months later, the chip stock may be ready for another move. Notice the slow and lazy pullback since early August, which resolved with a quick test under $100 on Monday. AMD came within...