Market Insights
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Election Ignites Banks, Transports, Metals: Market Trends This Week
Downloads are available here. TradeStation’s ideas on TradingView are available here. Check out our next “State of the Market,” on Monday, 11/11. Tickets for the Crossroads Summit 2024, sponsored by TradeStation Group, can be accessed here. Sizing...
E-Commerce and the Cloud Have Taken Over the World: Earnings Season Recap
Earnings season is pretty much finished, and the main story wasn't Covid-19. Instead, it was the complete dominance of e-commerce and cloud computing. Megacap Internet companies like Amazon.com (AMZN), Facebook (FB) and Alphabet (GOOGL) climbed on strong results. They...
Bullish or Bearish? A Look at Retail Stocks to Watch
Covid-19 continues to wreak havoc on the world economy. Here in the US, some are cautious but optimistic about the future. This week American retailers will be put to the test as earnings for Walmart, Advanced Auto Parts, Kohl's, Home Depot, Target, L Brands, and...
Oil: What a Difference a Month Can Make
In any normal year, the action that took place in oil markets this year would be the number one finance story hands down. With the COVID-19 pandemic, 2020 has not been a normal year, however. Crude Oil (@CL) saw the front-month futures contract plunge into negative...
Stocks Hold a Key Level Again as the Economy Reopens
Stocks fell last week but held a key level. Attention will now focus on the economy reopening for Memorial Day. The S&P 500 initially tried to rally, only to fall on bearish comments from Dr. Anthony Fauci and Federal Reserve Chair Jerome Powell. At one point it...
Bitcoin Plunges and Recovers Amid Halving
Summary Bitcoin (BTC) sank 20% as the halving approached, then quickly recovered.BTC price rebounded as investors saw the halving as having a limited impact on the mining network. Market Trends This Week Bitcoin (BTC) completed the much-anticipated halving event on...
Tech Keeps Beating Estimates as Lockdown Drives Growth: Earnings This Week
Technology stocks continue to lead a small group of companies doing well amid the coronavirus lockdown. Cisco Systems (CSCO), Square (SQ), Logitech (LOGI) and Datadog (DDOG) all reported strong quarterly results over the last week. Several are direct beneficiaries of...
Technology & Communication
Tesla Causes QQQ’s Worst Showing in a Generation: This Chart Shows the Dramatic Shift Taking Place
The rotation away from large Nasdaq stocks like Tesla has intensified, resulting in the market's biggest divergence since the dotcom bubble broke a generation ago. Here's a weekly chart of the Invesco QQQ Trust (QQQ). The lower study shows its relative strength versus...