Market Insights
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Chart of the Day: Alphabet May Be Oversold
Alphabet has pulled back after hitting a new all-time high, and some traders may think it’s oversold.
Software Powers Growth-Stock Comeback as 4th Quarter Begins
2024 is entering its homestretch, and large-cap growth stocks could be making a comeback. Technology, communications and consumer discretionaries are the three best-performing sectors in the last month, according to TradeStation data. That's important for at least two...
AMD Has Lagged in the AI Race. Could It Catch Up This Week?
Advanced Micro Devices was an early mover in the AI boom. Now, after a long period of stagnation, traders may see potential for the chip stock to play catch-up. Thursday, October 10, could be a pivotal session. That's when CEO Lisa Su plans to unveil the company's...
AI, Robotaxis, Inflation and Earnings Could Move Stocks This Week
The stock market is entering a busy time as investors prepare for AI events, plus inflation and the start of earnings season. Here are some potentially big items this week: Tuesday-Wednesday: Amazon.com (AMZN) has a Prime Big Deal Days. This may focus attention on the...
Geopolitical Risks Emerge as October Begins: 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, 10/7. Tickets for the Crossroads Summit 2024, sponsored by TradeStation Group, can be accessed here. Sizing Up the S&P...
Options Focus: ‘Golden Cross’ in J&J as Earnings Approach
Johnson & Johnson doesn't move quickly, but options traders may see ways to make it interesting. The pharmaceutical company has formed some potentially bullish patterns since July 17, when it rallied on strong quarterly results. First, the stock advanced from...
Stocks Break September Curse as Rates Fall and AI Boom Spreads
Stocks had their first positive September in five years thanks to lower rates, AI and Chinese stimulus. The S&P 500 rose 2 percent between Friday, August 30, and Monday, September 30. It was the ninth gain in the last 10 months, with the index closing above 5,700...
Technology & Communication
Super Micro Options: Do Traders See a Downtrend?
Super Micro Computer was an early leader in the AI boom, and options traders are active as it trends lower. This large transaction was detected yesterday in the maker of machine-learning servers: 20,000 23-May 56 calls traded for $0.01. 20,000 23-May 49 calls traded...
Like Cryptocurrencies? Check out the Price Action in this Bitcoin Mining Stock
Bitcoin miner Riot Blockchain has been skidding lower since February, but now it could be ready to move again. The main feature on its chart is its jump above the 50-day moving average on July 26. It’s formed a tight consolidation pattern above the line since. The...
Peak Earnings? Amazon.com, Facebook Make Tech Investors Worry It’s Downhill From Here
Major technology stocks like Amazon.com got a huge boost from last year's pandemic. Now investors are starting to worry their best growth is in the rearview mirror. Amazon.com's (AMZN) second-quarter revenue was just $113.1 billion, $2 billion less than analyst...
This Key Part of the Technology Sector Could Be Flashing Warning Signs: Chart of the Day
Semiconductors have been a key pillar of the S&P 500’s advance since 2016, and now they may be flashing a warning signal for the overall market. This chart of the Philadelphia Semiconductor Index shows how gains have been slowing all year. Prices have squeezed...
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...