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...
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...
Stocks Grope for Support as Yields Jump: 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 forms hammer at lowest level since June 1 Potential support at early-June range, bottom of...
Chart of the Day: Small Caps Are Leading to the Downside
Indexes of big companies like the S&P 500 and Nasdaq-100 neared record highs in July, but not the small cap Russell 2000. Today we’ll use a weekly chart to consider how it’s leading to the downside. The first pattern is the ... For more, please click here to view...
Fed Hammers Stocks to a Key Level as the Quarter Winds Down
Stocks are headed for a losing quarter after hawkish policy from the Federal Reserve hammered prices to a key level. The S&P 500 fell 2.9 percent between Friday, September 15, and Friday, September 22. It was the index's third straight losing week and its biggest...
Stocks Make a Lower High as Fed Stays Hawkish: 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 breaks support at 4444 after Fed meeting Two consecutive inside weeks break to the downside...
Stocks Narrow as Traders Expect Fed Pause: Market Trends Today
Register for Market Trends here. Sizing Up the S&P 500 S&P 500 in neutral range before the Fed Bias may be to upside given: 50% retracement of move from 8/18 through 9/1 More index members above 20-day MA than above 50-day MA Faster MAs mostly above...
Technology & Communication
Stocks Keep Climbing as Chips Falter and ‘Everything Else’ Advances
Chipmakers have led the market all year, but they could be losing their edge as investors position for new conditions into yearend. The Philadelphia Semiconductor Index ($SOX) dominated price action in the first half and remained the top performer through the end of...
Tesla, Netflix and These Other Tech Stocks Broke Out Yesterday
Tesla, Netflix and Amazon.com are leading a breakout in the technology sector as investors prepare for the Fourth of July weekend. The e-commerce giant, electric-car maker and streaming-video provider closed at new highs yesterday. But they weren't alone. Many smaller...
S&P 500 Has its Best Quarter Since 1998 After Roaring Back From Coronavirus
Stocks just finished their best quarter in a generation, rebounding sharply from the coronavirus pandemic. The S&P 500 surged 20 percent between its close on March 31 and today. Technology, consumer stocks and energy led the rally as investors hunted for bargains...
How to Trade Apple During its Biggest Developer Event Ever
America's most valuable company is making its next great leap forward. Are you keeping up? Apple (AAPL) just unveiled a new operating system (iOS 14) making it easier to manage apps, watch videos and interact with Siri. The $1.5 trillion firm also introduced a...
Stocks Bounce, But Is the Coronavirus Pandemic Really Getting Better?
Stocks are bouncing at a key level as the economy tries to recover from the coronavirus pandemic. The S&P 500 tested below 3,000 early on Monday, only to stabilize and jump higher. It then squeezed into a tight range, ending with a 1.9 percent gain on the week....