Market Insights
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Options Alert: Tesla Volatility Spurs Big Trade
Political drama shook Tesla yesterday, and options traders were active.
Rate Fears and Bank Failures Have Sent The Stock Market on a Wild Ride
Stocks are making wild moves as investors pivot from worries about rate hikes to bank failures. The S&P 500 dropped 4.5 percent between Friday, March 3, and Friday, March 10. It was the biggest weekly decline since mid-September. Ninety seven percent of of the...
Semiconductors Defy Rate-Hike Fears: Market Trends This Week
Downloads available here and here. Register for Market Trends here. Sizing Up the S&P 500 S&P 500 tries to stabilize above trendlinesPrices neither overbought nor oversold. Volatility remains historically low.Calm before a bearish storm?Downward...
Stocks Bounce as Investors Focus on Stronger Economic Growth
Stocks are bouncing at potential support as investors focus on stronger global growth. The S&P 500 rose 1.9 percent between Friday, February 24, and Friday, March 3. It was the index's first gain in the last four weeks. Cyclical sectors like materials and...
Cyclicals Take the Lead as China Reopens: Market Trends This Week
Downloads available here. New additions: MT Price Channels (workspace)DISTANCE FROM MA (indicator)MA STREAK (indicator) Register for Market Trends here. Sizing Up the S&P 500 S&P 500 tries to holds 200-day MA and Jan. 25 lowLower highs create potential...
Chart of the Day: Exxon Mobil Has Pulled Back
Exxon Mobil has steadily advanced for more than a year, and its current pullback may interest trend followers. The first pattern on today’s chart is $104.76, XOM’s previous all-time high from 2014. Notice how this level was ... For more,...
Stocks Tumble as Inflation Worries Surge Back to Wall Street
What if inflation isn't defeated as hoped? That was the big fear on Wall Street last week. The S&P 500 fell 2.7 percent in the holiday-shortened period between Friday, March 17, and Friday, March 24. It was the biggest weekly drop since early December, returning...
Technology & Communication
Chart of the Day: Potential Uptrend in DraftKings
DraftKings spent four months digesting a strong first half. Now after a rally and pullback, traders may see more upside in the sports-betting stock. The first pattern on today's chart is the August peak of $34.49. Strong earnings propelled DKNG through that level in...
Options in These Two Tech Stocks Are Suddenly on Fire
A pair of technology companies are suddenly on fire in the U.S. options market. International Business Machines (IBM) and Slack Technologies (WORK) and have both set records in the options market over the last few sessions. The surging activity is yet another example...
Nasdaq Leads a Rebound as Strong Data Keeps Sentiment Bullish
Stocks rebounded sharply last week as strong economic news gave investors a reason to stay bullish. The S&P 500 rose 3.2 percent between Friday, January 31, and Friday, February 7. It was the biggest weekly gain since early June. Technology stocks and members of...
Big Turnaround for Twitter, But Other Technology Stocks Tumble: Earnings This Week
Twitter's flying on strong user growth, but results from other technology stocks haven't been so hot in the last week. TWTR reported better-than-expected revenue and rapid traffic growth. The big number was 152 million monetizable daily active users last quarter, 4.5...
Uber Motors Into Earnings as IPO Market Comes Back to Life
One of the biggest IPOs in recent history reports earnings tonight, with investors looking for a big turnaround. Uber Technologies (UBER) has risen about 40 percent from its November lows. The ride-sharing giant's rally accelerated in January on hopes management would...