Market Insights
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Chart of the Day: Can Intel Keep Running?
Intel has been rallying on hopes of a turnaround, and some chart watchers may see potential for more upside. The first pattern on today’s chart is the series of lower highs since December 27. The chipmaker has tested the falling trendline over the last week. Could a...
Stocks Pause Near Record Highs Before Inflation, Earnings
Stocks are pulling back as traders wait for key inflation data and the start of earnings season. The S&P 500 fell 1.5 percent in the holiday-shortened period between Friday, December 29, and Friday, January 5. It was the first drop in 10 weeks, ending the index's...
Chart of the Day: Tight Price Action in Microsoft
Microsoft has paused this month as the Nasdaq-100 climbs to new highs. However, some chart watchers could look for the software giant to come off the sidelines. The first pattern on today’s chart is the December 1 close of $374.51, which became resistance. A daily...
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...
Nvidia Is Sitting Quietly After Another Strong Report
Nvidia is the only member of the S&P 500 that's tripled this year. Now it's stuck near record highs as traders enter the home stretch into 2024. This chart highlights some a few patterns on the semiconductor giant. First, notice how prices have shown signs of...
Chart of the Day: Netflix Consolidates After Earnings Surge
Netflix jumped earlier this month after announcing results. It's now consolidating, and some traders may see potential for more upside. The first pattern on today's chart is the bullish gap on October 19 following the quarterly report. Prices cleared a peak of $394.90...
Chart of the Day: CrowdStrike Pulls Back
CrowdStrike has been making new 52-week highs as the broader market languishes. Now after a quick pullback, some traders may look for the cybersecurity stock to continue higher. The first pattern on today’s chart is the bullish gap on August 31 after results and...
Options Alert: Calls Surge After Chinese Travel Stock Reverses Off Lows
Chinese stocks have struggled lately as tension grows between Washington and Beijing. However, at least one trader seems bullish on travel stock Trip.com. Heavy volume was detected in the November 38 calls, with more than 24,000 contracts changing hands for $0.15....
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....