Market Insights
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Traders Face Choices After Pullbacks in Big Tech
Tesla, Nvidia and Palantir may be stabilizing after a bout of volatility, and active traders face big choices.
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
Option Alert: Can Micron Rebound?
Micron Technology has struggled along with other chip stocks lately, but one trader is positioning for a rebound. Check out this unusual options activity yesterday: 17,000 July 120 calls were purchased for $3.80. 17,000 July 130 calls were sold for $2.54. Volume was...
Social Media Success Story: Align Technology Makes Braces Cool
Social media platforms like Snap and Pinterest spiked on higher engagement this earnings season. Another stock company to benefit was orthodontic company Align Technologies (ALGN). The maker of Invisalign has rallied more than 30 percent in the last month after...
Pfizer’s Coronavirus Vaccine Is Shaking Up the Stock Market. Here Are Key 4 Changes
Stocks jumped to new highs this week thanks to Pfizer's coronavirus vaccine, but it's also causing major changes in the market. After all, investors have had certain assumptions for months: People would stay home and avoided public places. Millions would remain out of...
Five Reasons Why Stocks Began November With a Giant Blastoff
Stocks began November with a monster rally, and there are at least five reasons why. The S&P 500, Nasdaq-100 and Dow Jones Industrial Average each had their biggest weekly gains since March. Technology stocks led the charge, along with health care and precious...
Apple IPhones Drive a 5G Feeding Frenzy in Chip Stocks Like Qualcomm: Earnings This Week
Apple unveiled its first 5G iPhones this month, and the suppliers are already flying. Semiconductor stocks like Qualcomm (QCOM), Skyworks Solutions (SWKS), Qorvo (QRVO) and Cirrus Logic (CRUS) jumped after beating earnings and revenue forecasts. QCOM rose the most,...