Market Insights
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Chart of the Day: Is Goldman Going Higher?
Goldman Sachs has gone seven weeks without a new high, but some traders may see further upside in the Wall Street giant. The first pattern on today’s chart is the series of lower highs between late September and late October. GS has spent more than two weeks above...
Options Alert: Call Spread Targets New Highs in AMD
Advanced Micro Devices has climbed in the last two weeks, and options traders are looking for more gains through mid-November. Heavy volume was detected yesterday in two calls expiring next month. The trades occurred in dozens of blocks between about 1pm and 3pm ET....
Outside Days Can Help Spot Reversals in the Stock Market
Traders often use candlesticks because they show the fullness of price action over different intervals. That can help spot a pattern called "outside days," which this article will cover. An outside day occurs when a stock trades below the previous session's low and...
Stocks Rebounded Last Week as Investors Put Rate Fears Behind Them
Stocks clawed higher last week as investors stopped worrying about high interest rates. The S&P 500 rose 0.5 percent between Friday, September 29, and Friday, October 6. At one point the index was down 1.7 percent, but it rallied sharply on Friday after...
Chart of the Day: Will Crude Oil Run Again?
Crude-oil futures are having their worst week since March, but some traders might think about buying the pullback. The first pattern on today’s chart is the price area around 83.50. It represented the peak in December and April. It’s also near the spot where ... For...
S&P 500 Struggles Before Payrolls Report: 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 remains below old support around 4330 Holding above 4200, 200-day MA, with potential for continuation...
Higher Rates Just Gave Stocks Their Worst Month of The Year
Stocks pulled back hard in September as interest rates and oil prices soared. The S&P 500 dropped 4.9 percent last month, its biggest decline since December 2022. About 85 percent of the index's members lost value. Similar to August, energy was the only positive...
Technology & Communication
Earnings From Big Technology Stocks Are Coming Soon
Third-quarter earnings season has begun. Financials were the first major sector to report and the agenda will soon turn to large technology companies like Microsoft and Apple. This article will cover some key dates and recent news on these major growth stocks....
Tesla Reports This Week, More FANG Stocks Next Week: Key Things to Know
The most important part of earnings season is about to begin as major technology stocks like Tesla, Microsoft and Facebook present their numbers. TSLA and MSFT get the ball rolling Thursday afternoon. FB, Amazon.com (AMZN), Apple (AAPL) and Alphabet (GOOGL) follow...
The Nasdaq Just Had the Worst Week In a Decade, By this Measure
Stocks rose again last week, flirting with post-pandemic highs, even as major technology names declined. The S&P 500 rose 1.25 percent between Friday, July 10, and Friday, July 17. It was the index's third straight weekly gain, with more than four-fifths of its...
Netflix’s Covid Surge Fades and Banks Struggle: Earnings This Week
Earnings season has begun on a weak note as banks struggle and Netflix said its blistering growth will slow. The four biggest U.S. lenders -- JPMorgan Chase (JPM), Citigroup (C), Bank of America (BAC) and Wells Fargo (WFC) -- have issued quarterly results. JPM, C and...
Here’s How to Be Ready the Next Time Momentum Stocks Pull Back
Stocks had a dramatic and fast pullback this week. Here's an example of ways to find pullbacks when something like this happens. The screenshot below shows members of the Nasdaq-100 that pulled back to test their 20-day moving averages on Tuesday. This can be a simple...