Market Insights
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Stocks Set a New Record as Pharma Comes to Life
Stocks keep setting records as new sectors come to life. Last week, healthcare and pharmaceuticals led the charge.
Nvidia’s AI Surge Lifts Stocks as Market Breadth Widens
Nvidia and the AI boom keep driving stocks to new highs. Still, a long-awaited shift toward smaller companies may be starting. The S&P 500 rose 1.7 percent in the holiday-shortened week between Friday, February 16, and Friday, February 23. The index also crossed...
Range Could Be Forming After Big Events: 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 Index is potentially forming range between 4918 and 5030 Rising trend line potentially broken Shooting star on...
Stocks Pause as Earnings Pass and Inflation Rises
Stocks just paused as a blistering earnings season nears its conclusion. The S&P 500 slid 0.4 percent between Friday, February 2, and Friday, February 9. It was only the second decline in the last 16 weeks, according to TradeStation data. Technology led to the...
Chart of the Day: Will Goldman Sachs Get Going?
Goldman Sachs has gone nowhere for two months, but some traders may look for that to change. The first pattern on today’s chart is the $374 level. It was a weekly closing price from January 2023 that GS remained below through late December. The stock rallied above it...
S&P 500 Holds Channel, Reclaims 5,000: 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 Index holds recent channel, weekly low from 2/5 Wilder's RSI remains near overbought Prices hold rising...
Stocks Cross Historic Level on Strong Earnings, Economic Data
Stocks continue their advance into record territory as earnings beat estimates and recession fears melt away. The S&P 500 rose 1.4 percent between Friday, February 2, and Friday, February 9. It was the 14th gain in the last 15 weeks, and the fifth consecutive...
Technology & Communication
Chart of the Day: Is Verizon Weak in a Strong Market?
The S&P 500 just had its biggest weekly rally in a year, but Verizon Communications didn’t participate. Are the bears moving in? The first pattern on today’s chart is the trio of drops following the last three quarterly reports. Those may reflect ... For more,...
Airbnb, DoorDash IPOs Upsized: Investors Cannot Get Enough of New Technology Stocks
Airbnb and DoorDash both increased the size of their initial public offerings this week as investors continue to pour money into new-economy technology stocks. ABNB and DASH are looking to raise $6.2 billion -- more than double the total for the entire month last...
Market Pulse: QQQ Is Making a Comeback as Tesla Keeps Flying
The Nasdaq-100 tracking QQQ has lagged since September, along with FANG stocks. But recent price action may suggest they're coming back to life. The Nasdaq was the only major index to rise yesterday. (The S&P 500, Dow Jones Industrials and Russell 2000 all fell.)...
Tesla Keeps Getting More Respect as Elon Musk’s Vision Goes Mainstream
Tesla closed at a new all-time high yesterday as Elon Musk's electric-car maker keeps getting more respect. An upgrade by Goldman Sachs was the latest catalyst for the stock, already up 609 percent this year. Analyst Mark Delaney based his call on macro and micro...
Chipmaker Industry Group Sees Another Strong Year in 2021
Semiconductors have been one of the strongest groups this year. Now a trade group sees more gains in 2021. The Semiconductor Industry Association (SIA) yesterday said worldwide chip sales will increase 8.4 percent in 2021 from this year's estimated $433.1 billion...