Market Insights
Opportunity knocks for those with trading in their DNA.
Curiosity creates opportunity. Insights create strategy. Born traders create their destiny.
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...
Stock Market Faces Big Tests After a String of Positive Earnings
Earnings season has gone better than feared, but traders face new uncertainties this week. Today and the next two sessions bring key news on the impact of bank failures, the U.S. debt ceiling and inflation. It's a big change from recent weeks, when strong quarterly...
Double Top Before the Debt Ceiling? Market Trends This Week
Downloads are available here. Register for Market Trends here. Sizing Up the S&P 500 Attention now turns to debt ceilingPotential double-top versus February highFalse breakout on weekly chart versus last weekTight range has potential for increased volatilityFewer...
Stocks Keep Fighting Higher as Inflation Slows and Earnings Beat Expectations
Stocks kept fighting higher last month as inflation slowed and earnings beat estimates. The S&P 500 rose 1.5 percent in April, its third gain in the first four months of the year. The index has returned to challenge its February high, and is still above falling...
Chart of the Day: Will Alcoa Continue Lower?
Alcoa rallied early last year after the Ukraine war threatened aluminum supplies. It’s struggled since and now some traders may expect further pushes to the downside. The first pattern on today’s chart is the series of lower highs since August (marked with red...
Breakout or Breakdown? Stock Movement Grinds to a Halt as Investors Wait and See
Stocks have stopped moving as investors wait for more news on corporate earnings and interest rates. The S&P 500 slid 0.1 percent between Friday, April 14, and Friday, April 21. If that percentage change sounds small, consider that the index fluctuated less than...
Inflation Fades, Earnings Beat and Stocks Push Higher
Stocks keep pushing higher as inflation fades and earnings beat expectations. The S&P 500 rose 0.8 percent between Friday, April 7, and Friday, April 14. It was the fourth gain in the last five weeks. Several data points suggested further slowing of inflation, the...
Technology & Communication
After Months of Weakness, Are Megacaps Ready for a Comeback?
Megacap growth stocks have lagged for a few months, but some investors may see potential for the tide to turn. The Nasdaq-100 led the market in the first half of 2024, powered by AI stocks like Nvidia (NVDA). It stalled in July as money shifted into sectors like real...
From Bear to Bull in a Few Months: Charting Tesla’s Stunning U-Turn
Never argue with price action. Look no further than Tesla for an example of why traders love technical analysis. If you haven't noticed, Elon Musk's electric-car disrupter made a dramatic U-turn last year. It's more than doubled since the summer, punishing short...
Stocks Begin the New Decade With Technology Still Leading the Rally
Stocks began the new decade on a strong note as investors stuck with technology despite saber-rattling in the Middle East. The S&P 500 rose 0.9 percent between Friday, January 3, and Friday, January 10. It was the first full week of 2020 and the 12th positive week...
Should This Industry Replace Transports in Dow Theory?
Something weird is happening in the market: Transportation stocks are dead in the water as almost everything else rallies. This pattern runs contrary to "Dow Theory," one of the most cherished concepts in the history of investing. Created by journalist Charles Dow in...
5G, Chinese Stocks and the Bull Market Goes Mainstream? Some Things to Watch in 2020
A new decade just started. While history might not always follow neat chapters, the stock market does have phases. Let's consider some potential trends that could develop over the course of 2020. Bull Market 'Goes Mainstream?' The first big narrative could be that the...