Market Insights
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Anxiety Grows as Software Crumbles
Anxiety may be growing in the stock market as a key industry crumbles.
S&P 500 Crosses 5,600 as Pre-April Bullishness Returns: Market Trends
Downloads are available here. TradeStation’s ideas on TradingView are available here. Sizing Up the S&P 500 S&P 500 crosses 5,600 for first time Index up 6 straight sessions, longest since 11/6 Patterns similar to pre-April: Relative Strength...
Chart of the Day: Make or Break Time for the Russell?
The Russell 2000 has gone nowhere since December, but some traders may think the small cap index is poised for a move. The main pattern on today’s chart is the pair of converging lines along the lows since April and the highs since May. Will there be a breakout from...
Bulls in the China Shop? Options Surge Before Big Events
Options traders are getting active in Chinese technology companies like Baidu before two potentially important events. The first catalyst is at 8:30 a.m. ET tomorrow, when the U.S. Labor Department releases the consumer price index (CPI). It's the first reading of...
Stocks Keep Climbing as Lower Rates Push Growth Names Higher
Large growth stocks are leading the market to new highs again as investors anticipate lower interest rates. The S&P 500 rose almost 2 percent in the holiday-shortened week between Friday, June 28, and Friday, July 5. The index closed above 5,500 for the first time...
Key Points About Selling Credit Spreads
A previous post covered debit spreads, when you pay a debit looking for a stock or ETF to move in a certain direction. Credit spreads are just the opposite, with traders collecting premium up front in hope that the stock won’t move a certain way. What a...
Measuring the Summer Calm With TradeStation’s Custom Functionality
Stocks have enjoyed a calm drift higher since the beginning of May. But just how smooth has the ride been? Today we'll answer that question using TradeStation's award-winning platform. One approach is to measure the amount of time since the S&P 500 last had a...
Technology & Communication
Chart of the Day: Is Tesla Running Out of Road?
Tesla has been rangebound for the last two months, and some traders may think it’s running out of road. The first pattern on today’s chart is the March high of $291.85. The EV maker peaked around the same level in late April and remains stuck there again in early May....
Is the Nasdaq Ready to Bounce? Key Things to Know after Last Week’s Pullback
Stocks pulled back last week, but there are signs that the bulls remain in control. The S&P 500 fell 0.8 percent, while the Nasdaq-100 slid just 0.5 percent. It was the first time in five weeks that the technology-heavy Nasdaq outperformed the S&P 500. It...
Technical Analysis: Don’t Forget About Chip Stocks
The Nasdaq is trying to stabilize, which could draw buyers back to semiconductors. Chip stocks like NXP Semiconductors (NXPI), Broadcom (AVGO) and Lam Research (LRCX) were some of the biggest gainers in the Nasdaq-100 last week. That helped push NDX ahead of the...
Chart Analysis: Can Anything Stop Alphabet After Its Last Earning Report?
Most of the Nasdaq took a beating lately, but not Alphabet . The parent of Google and YouTube has been standing tall since its bullish quarterly numbers on February 2. The report planted the stock above $2,000, and it's held that bullish price gap since. Apple,...
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....