Market Insights
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Stocks Could Be Stabilizing. How Do I Find Potential Opportunities?
The stock market is bouncing after a dip. Are any companies stabilizing as sentiment recovers? Today's article will consider a method for discovering potential opportunities. It uses TradeStation's EasyLanguage scripting tool to create a custom indicator, which can...
Stocks Just Had Their Worst Week Since the Election as General Motors Out-Dazzled Tesla
Stocks pulled back last week as big Nasdaq stocks like Tesla stalled and investors looked for opportunities in newer names like General Motors. The S&P 500 slid 1.5 percent between Friday, January 8, and Friday, January 15. It was the index's sharpest decline...
Tesla or General Motors? Check Out This Stunning Chart
General Motors (GM) exploded higher last week after highlighting electric vehicles and the concept for a flying car. General Motors (GM), weekly chart, with relative strength bars compared with Tesla (TSLA). This chart compares the price action of GM with Tesla...
Market Pulse: Energy Hasn’t Done This Since the Pandemic
Energy is the top performing sector this year by a wide margin. The SPDR Energy ETF (XLE) has advanced 13 percent so far in 2021, compared with a 0.3 percent gain for the S&P 500. Hopes about the economy reopening and a rebound in China are obviously parts of the...
Market Pulse: Positive Signals from Bitcoin’s Big SMAs
The recent price action in Bitcoin seems to highlight the importance of two simple moving averages (SMAs): the 50-hour SMA and the 100-hour SMA. Click here to view the related idea and chart analysis on TradingView.
Market Pulse: Ethereum Is Holding Levels From 3 Years Ago
Ethereum's recent price action might look like normal consolidation. But it's actually holding some important levels from almost three years ago. Click here to view the related idea and chart analysis on TradingView.
Banks Including JPMorgan and Citi Pull Back as Earnings Season Begins
Traders are taking profits in the banks as earnings season begins. JPMorgan Chase (JPM), Citi (C) and Wells Fargo (WFC) announced quarterly results today. While their numbers were mixed, their price action wasn't. All three had rallied into the reports as investors...
Technology & Communication
Advanced Micro Is Challenging a Trend Line: Chart of the Day
Believe it or not, Advanced Micro Devices has been little changed for 10 months. But now the semiconductor stock may be getting ready to move. This chart shows how AMD is stuck between a falling trend line and its 50-day moving average. Our Moving Average Speed custom...