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The rotation away from large Nasdaq stocks like Tesla has intensified, resulting in the market's biggest divergence since the dotcom bubble broke a generation ago. Here's a weekly chart of the Invesco QQQ Trust (QQQ). The lower study shows its relative strength versus...
The Nasdaq-100 just sank into negative territory for the year as investors dump the same technology stocks that boomed during the pandemic. The index is now 1.6 percent below its closing price on December 31. That dragged on two important exchange-traded funds (ETFs)...
Sentiment has changed dramatically in 2021 as investors position for a surge of economic growth. This has caused some big pivots between former leaders and laggards. This post will break down some key trends. First, the change can be explained by higher interest rates...
Bitcoin has pulled back following a sharp rally. It's a good time to consider the cryptocurrency's pros and cons as it gains prominence in financial markets. This story will consider potential benefits and risks of Bitcoin, which was launched in 2009 and last month...
February started strong but ended on a bearish note as investors worried about rising inflation. The S&P 500 went almost straight up in the first half of the month. It stalled immediately after President's day and trended lower for the second half of the month....
Tesla is probably the most prominent stock in the last 12-18 months, surging about 2,000 percent from its peak to trough. But now it may be at risk as sentiment pivots from "new economy" stocks to "old economy" stocks. The chart in this study compares TSLA’s relative...
Tesla's $1.5 billion Bitcoin purchase didn't just send prices to new record highs. It also produced an unusual concentration of interest in the world's biggest cryptocurrency at the expense of Altcoins like Ethereum. Bitcoin Dominance jumped 3.74 percent yesterday,...
GameStop's epic short squeeze is a stunning example of how quickly markets can change. A big example of this appeared on Google Trends. This screenshot compares interest in GameStop (GME) and Tesla (TSLA) on Google Finance over the last seven days. A week ago, GME had...
The success of electric-vehicle makers like Tesla and Nio is spreading bullishness across the entire automotive sector. The DJ Automobile Manufacturers Index ($DJUSAU) has gained 88 percent in the last three months. That's the biggest gain of more than 150 industry...