Market Insights
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Buyers Step in as Stocks Finally Pull Back
Investors just got a pullback as high-flying AI stocks retested key levels.
Stocks Claw Back from Losses as News Shifts and Yields Fall
Last week's news wasn't great, but it was good enough to stop the bears. The S&P 500 rose 0.5 percent between Friday, April 26, and Friday, May 3. At one point the index was down as much as 2 percent, only to snap back in the last two sessions. Yields also fell...
Potential Bear Flag as News Worsens: Market Trends This Week
Downloads are available here. TradeStation’s ideas on TradingView are available here. Register for Market Trends here. Sizing Up the S&P 500 S&P 500 stalls under 50-day MA, April 12 (weekly) close Potential bearish flag forming January 31...
Stocks Retreat: Dovish Hopes Fade Before Key Fed Meeting
Stocks have pulled back as investors brace for more hawkish news from the Federal Reserve today. The S&P 500 declined 4.2 percent in April, breaking a five-month winning streak that began in November. Selling was widespread across the index, with more than...
AI Boom Fades as Fundamentals Weaken: Earnings Recap
Most of the big earnings reports have now occurred, and so far they've done little to boost the market. Companies like Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Caterpillar (CAT) and Intel (INTC) reported profits above Wall Street estimates. However...
Nasdaq Surges as Traders Buy the Dip Before Fed Meeting
Stocks are rebounding as key earnings beat estimates and investors get comfortable with fewer rate cuts. The S&P 500 rose 2.7 percent between Friday, April 19, and Friday, April 26. The Nasdaq-100 jumped 4 percent. Those were the biggest weekly gains for both...
Chart of the Day: Does ARK Innovation Have Downside Risk?
The ARK Innovation ETF has chopped in a range for the last two years, and some traders may expect a push back to longer-term lows. The first pattern on today’s chart is the rounded top in February and March. It was slightly below the peak of ... For more,...
Technology & Communication
Intel Rallies on Sudden Flurry of Bullish News
After years of being left for dead, Intel is coming to life. The chipmaker jumped 16 percent yesterday, its biggest gain since the 2020. That surge followed its best week (+24 percent) since January 2000, near the peak of the dotcom bubble. The stock is now above its...
February Ends on a Bearish Note as Inflation Fears Mount. Twitter and Snap Jumped
February started strong but ended on a bearish note as investors worried about rising inflation. The S&P 500 went almost straight up in the first half of the month. It stalled immediately after President's day and trended lower for the second half of the month....
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...
Snap Just Had a Historic Day as Self-Serve Advertising Fuels Stunning Growth Forecast
Snap just had an insanely bullish day, thanks to a better advertising platform and augmented reality. Executives told investors revenue will grow more than 50 percent annually for "multiple" years, according to reports on Reuters, Bloomberg and CNBC. That's more than...
Tesla Is Lagging as ‘Old Economy’ Stocks Make a Comeback
Tesla is probably the most prominent stock in the last 12-18 months, surging about 2,000 percent from its peak to trough. But now it may be at risk as sentiment pivots from "new economy" stocks to "old economy" stocks. The chart in this study compares TSLA’s relative...