Market Insights
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Are 3 Months of Consolidation Ending?
Downloads are available here. TradeStation’s ideas on TradingView are available here. Check out our next “State of the Market,” on Monday, 1/27. Sizing Up the S&P 500 S&P 500 rallies 1.8%, the most since 11/6 (day after election) Potential bullish flag after...
6 Reasons Why Last Week’s Pullback Wasn’t All That Bearish
Stocks dipped last week, but there are several reasons why it wasn't terribly bearish. Stocks were overbought.The S&P 500 held important levels."Risk-on sectors" were strong."Safe havens" were weak.Investors are favoring smaller companies.The holidays are coming....
Market Pulse: EBay Holds Key Level
EBay was one of the surprise breakouts of early 2020. Longer-term trend followers may look for the stock to continue higher into yearend. Click here to view the related idea and chart analysis on TradingView.
Target Breaks Out as Digital Transformation Pays Off: Earnings This Week
Earnings season ended on a strong note as Target's digital transformation continued to pay off. Investors also embraced newer technology companies and shrugged at established leaders -- just like last week. Target (TGT) surpassed estimates across the board: profit,...
Market Pulse: The VIX and Gold Aren’t Showing Much Fear
Yesterday we noted the weakness in "safe havens." Today we'll build on that with some related points. In particular, Cboe's Volatility Index, the VIX, isn't showing much fear. The "fear index" is now back under 24, near early-August lows. However, it's well below the...
Market Pulse: The Nasdaq Is Struggling at This Line
The Nasdaq-100 has been fighting a downward sloping trendline for most of November. Click here to view the related idea and chart analysis on TradingView.
Market Pulse: Safe Havens Are Struggling
The rotation continues. "Stay at home" stocks and safety plays are struggling as investors focus on reopening stocks. This has lifted financials, industrials, energy and small caps. Auto stocks are also surging. Notice 5-day weakness in Utilities (XLU), Health Care...
Technology & Communication
Options Traders Are Looking for This Satellite Radio Stock to Blast Off
Sirius XM has gone nowhere for years, but now bullish options trades are building as the satellite-radio company partners with TikTok. Call volume has climbed steadily in the last week, according to TradeStation data. Today's top contract is the September 8 call,...