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.
There’s Big AI News This Week, But Is the Market Already Moving On?
This week brings major news for Artificial Intelligence, but some investors may already be moving on to the next big trend. The S&P 500 rose 1.4 percent between Friday, August 16, and Friday, August 23. Interest-rate sensitive groups, like homebuilders, banks and...
Key Options Knowledge: Time, Volatility and Different Kinds of Value
Options confuse a lot of investors because several factors impact their value. Unlike stocks, they don’t just go up and down based on supply and demand. This post will explain three of the most important concepts you need to get started: time, volatility and intrinsic...
Measuring Relative Performance Using Multi-Data Charts
https://www.youtube.com/watch?v=UDhlcVDi93A&ab_channel=TradeStation Multi-data charts can be a value tool for active traders looking to gain a decisive edge in the markets. Whether you’re comparing relative performance, analyzing correlations, or performing a...
Volatility’s Historic Rise and Fall: Market Trends This Week
Downloads are available here. TradeStation’s ideas on TradingView are available here. Register here for our next “State of the Market,” on Monday, 8/26. Sizing Up the S&P 500 S&P 500 holds above 8/1 high, is now +1.8% in August Advance/Decline Line...
Options Alert: Bears Could Be Shopping at Troubled Retailer
Kohl's has been under pressure for years, and one big trader may see further downside into next month. Check out this unusual options activity in the retailer: Roughly 15,000 23-August 20 puts were sold for $0.44. A matching number of September 19 puts were bought for...
Stocks Rebound Sharply as Good News Punishes the Bears
Stocks just had their best week of the year as a string of good news erased worries about a recession. The S&P 500 rose 3.9 percent between Friday, August 9, and Friday, August 16. It was the biggest gain since early November. Major growth stocks like Nvidia...
Technology & Communication
Chart of the Day: CrowdStrike Is in a Small Club
The broader market has been tumbling for months, but CrowdStrike has stood its ground. The first pattern on today’s chart is the March 10 low of $303.79. While the Nasdaq-100 has revisited levels from over a year ago, CRWD has held lows from a month prior. Support at...
Apple Could Be Squeezing Toward a Breakout With New Features Unveiled at WWDC
Apple has been a frustrating stock for most of the year, but now it may be squeezing toward another rally. The first pattern on today's chart is its super-tight Bollinger bandwidth, which yesterday was the narrowest since December 2019. That could suggest price is...
Technical Alert: Death Cross in Netflix
The economy is reopening. People are going back to work. It's great news for a lot of stocks, but Netflix isn't one of them. Today, the streaming-video giant's 50-day simple moving average (SMA) closed at $513.97, or $0.53 below its 200-day SMA. That "death cross" may...
Junior Nasdaq Beating QQQ Again as Low Volatility Draws Risk Takers Away From Apple
Big-cap technology stocks like Apple are lagging again, even as investors start buying smaller companies on the Nasdaq. The chart below compares the Invesco Nasdaq Next Gen ETF (QQQJ) with the Invesco QQQ (QQQ). It shows percentage change, with hourly bars, since the...
Options Activity Is Rising in ‘Meme’ Stocks Like AMC and GameStop
Heavily shorted stocks like AMC exploded higher in January. Now they may be moving again, with options traders jumping on board. The theater chain rallied 19 percent yesterday, following a 20 percent gain on Tuesday. AMC is up 62 percent since last Friday, its biggest...