Market Insights
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Stocks Finish October in the Red as Big Tech Breaks Lower
Stocks just declined for the first time in six months, thanks to weak guidance from Microsoft and Meta Platforms. The S&P 500 spent most of October above the level where it ended September. However it plunged in the final session, giving the index a 0.7 percent...
Monex Crypto Market Weekly: April 17
This post is a translation of the weekly cryptocurrency analysis by Block Insight, a wholly owned subsidiary of Monex Group (Tokyo, Japan). Monex is the parent of TradeStation Group. Summary Bitcoin (BTC) prices recovered mid-week as reports of a pilot version of...
Earnings Off to Weak Start as Banks Fill Rainy Day Funds
Earnings season began on a weak note as major banks set aside billions for credit defaults after coronavirus shut down the U.S. economy. JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C) and Wells Fargo (WFC) took more than $19 billion of combined loan-loss...
ETF Round-Up: Leaders and Laggards
Stocks are falling early Wednesday following relief rallies from the major indexes. Small-cap stocks have lagged so far this week as large-cap technology continues to shine. Coming into Wednesday the major index ETFs performance is as follows: the Russell 2000 ETF...
Stocks Just Had a Monster Rally. Now Comes the Hard Part
Stocks just had their biggest rally in 45 years on hopes the coronavirus crisis is ending. Now comes the hard part. The S&P 500 rose 12.1 percent in the holiday-shortened week between Friday, April 3, and Thursday, April 9. It was the biggest weekly gain since...
S&P Tests Support Dating Back to the Global Financial Crisis
There is a famous quote on wall street that “The trend is your friend”. Regardless of the timeframe, technical traders can gain an edge by sizing up long term charts. The end of the global financial crisis led to the beginning of one of the longest bull markets of all...
The Market Saw Coronavirus Coming. Now it May See it Ending
Money streamed back into equities today as the stock market seemed to anticipate an end to the coronavirus lockdown. All the major indexes climbed at least 2 percent amid signs the outbreak is easing. These events helped fuel the move: Smaller European countries like...
Technology & Communication
Cisco Is Holding Multi-Decade Support: Chart Analysis
Cisco Systems has gone nowhere for three years, but now the tech stock may be showing signs of life. First, notice the pullback from new highs in early February. Second, notice where CSCO broke out and is trying to stabilize. The current $45.50 level was resistance in...