Market Insights
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S&P 500 Crosses 5,600 as Pre-April Bullishness Returns: Market Trends
Downloads are available here. TradeStation’s ideas on TradingView are available here. Sizing Up the S&P 500 S&P 500 crosses 5,600 for first time Index up 6 straight sessions, longest since 11/6 Patterns similar to pre-April: Relative Strength...
Buy the Dip? Ethereum Is About to Enter a Pivotal Month Following a Sharp Pullback
July could be a pivotal month for Ethereum as the No. 2 cryptocurrency works on key upgrades. The efforts follow a sharp pullback in its price, which may create opportunities for investors. Ethereum developers have started testing the "London Hard Fork" upgrade, which...
Facebook Joins the Trillion Dollar Club as Fear Bubble Melts and Ad Revenue Piles In
Facebook's market capitalization just rose above $1 trillion, making it the fifth member of an elite club in the U.S. stock market. FB surged 4.2 percent, adding $40 billion of valuation. It closed at a record high of $355.64 to reach 13-digit status. The only other...
Stocks Roar Back From Pullback, Fueled by Economic Surge and Consumer Rebound
Stocks rebounded hard last week as investors kept their faith in the economy reopening and strong consumer demand. The S&P 500 rose 2.7 percent between Friday, June 18, and Friday, June 25. It was the index's best week in five months, rebounding from its biggest...
‘People Will Be Shocked How Fast the Revolution Happens’: Mike Novogratz on Crypto
Cryptocurrencies like Bitcoin and Ethereum have grown rapidly in 2021 as major institutions adopt the new technology. What's the future of the movement? Will talented developers continue to join it? Will major pension funds and money managers take the big big step...
This Sporting Goods Stock Is Starting to Run: Technical Analysis
Dick's Sporting Goods has been running. Now, after a brief pause, it may be ready to keep moving. The first interesting pattern on the daily chart is the price gap on May 26, which DKS recently tested (and partially filled). That resulted from a blowout quarterly...
Consumer Stocks Get a Boost from Amazon Prime Day, Plus Reopening and the Start of Summer
Amazon Prime Day set records again this month, and more companies than just Amazon.com could benefit. Sales were estimated at $11 billion, up from $10.4 billion last year. Excitement around the event lifted AMZN back above $3,500 for the first time since April. It...
Technology & Communication
Technical Analysis: This Data Storage Company Is Breaking Its Downtrend
Seagate Technology has spent the last five months pulling back. But now it may be turning around. The main pattern on today's chart is the descending trendline that started in May and ran along the peaks of August and September. Notice how STX closed above that line...
Not All Tech is Rolling Over
Earlier today, Market Insights highlighted the general weakness in technology. But there's one huge exception to that statement: Apple (AAPL). Tim Cook's smart-phone behemoth made a new high this morning, and has set new records in nine of the 13 trading sessions this...
Tech and FANG Languish as Sentiment Shifts
FANG seems to be losing its mojo along with the rest of tech as sentiment shifts in the market. FANG, if you don't know, stands for Facebook (FB), Amazon.com (AMZN), Netflix (NFLX) and Alphabet (GOOGL). This grouping accounted for a big chunk of the market's gains...
Turnarounds Get Rewarded: Earnings this Week
Investors like turnaround stories. That seems to be the message from the last week of corporate earnings. Consider two major retailers: Wal-Mart Stores (WMT) and Macy's (M). Both beat analysts' estimates, but moved in two very different directions. Why? It was all...
Strong Results Keep Flowing: Earnings This Week
As earnings season marches on, investors remain happy with results. Most of the big companies that have reported in the last week beat estimates, including some well-known retail and media names. Take Dish Network (DISH) for instance. The satellite-TV company...