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.
Chart of the Day: Arista Networks Has Pulled Back
Arista Networks jumped to a record high last month, and now it’s pulled back. The first pattern on today’s chart is the high-volume jump on May 8 after earnings and revenue beat estimates. Notice how its closing price that day of $291.67 became apparent support on May...
Oil Plunges as Fundamentals Overshadow OPEC+ Cuts
Energy traders are selling the news after OPEC+ kept oil production limited. Crude oil futures (@CL) fell about 3.6 percent to $74.22 on Monday, their lowest closing price since February 7. It also tied with the biggest one-day drop since January 8, according to...
Apple, Inflation, Fed: Events Next Week Could Dominate Trading in June
June is starting, with major catalysts over the next eight sessions. First is Apple (AAPL). The smart-phone giant has mostly been excluded from the AI boom, but that could change with analysts widely expecting CEO Tim Cook to unveil new functionality in his speech at...
Why Do Stocks Move? Learn 7 Catalysts That Drive Price Action in the Market
The stock market includes thousands of companies in scores of industries and groupings. While they may go up and down for any reason any day, there are underlying patterns behind price movement. This article considers seven basic catalysts for stock movement. These go...
TradeStation Has Powerful Tools for Earnings Season
Quarterly earnings can be major events in the stock market, giving key information about companies and providing trading opportunities. This article will highlight some ways TradeStation can help customers before and after these reports. Planning for Earnings Knowing...
Bears Rejected: Nasdaq Reclaims Leadership on AI, Earnings Growth
Strong earnings and optimism about rate cuts seem to be overpowering bearish news in the stock market. The S&P 500 rose less than 0.1 percent between Friday, May 17, and Friday, May 24. The index recovered from a sharp drop on Thursday and stayed above its...
Technology & Communication
Options Alert: Traders Look for Comeback in AI Name
Vertiv was a high-flying AI stock that's down this year, but traders may be looking for a rebound. This large transaction was detected yesterday in the provider of cooling and power systems for data centers: Roughly 20,000 June 95 calls were purchased, mostly for...
Apple Is Barely Holding Support. Should the Bulls Worry?
Apple rallied in December after holding $120. Now it’s back and threatening to break support at that level. The price action is part of the ongoing technical weakness in the smart-phone giant. It had a false breakout in January and a trend-line failure last month....
The ‘Communications’ Sector Is Coming Into Its Own, Thanks to Alphabet, Disney, Twitter
It’s been 2-1/2 years since the Communications Sector was launched. And now the benefits are becoming apparent. TradeStation data shows that the S&P 500 Communication Sector ETF (XLC) came within 0.05 percent of a new 52-week high yesterday, the closest of all the...
This Social Media Stock Has Pulled Back Following a Breakout
Recent weeks have seen breakouts in smaller social-media stocks like Twitter and Snap , which have both pulled back. Today we’re looking at TWTR . Jack Dorsey’s microblogging service didn’t only beat earnings and revenue estimates on February 9. It also showed...
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...