Market Insights
Bringing you the trading news around the world.
Chart of the Day: Does ARK Innovation Have Downside Risk?
The ARK Innovation ETF has chopped in a range for the last two years, and some traders may expect a push back to longer-term lows. The first pattern on today’s chart is the rounded top in February and March. It was slightly below the peak of ... For more,...
Options Alert: Large Put Spread Targets Key Level in Apple
Apple has surged this year as Wall Street anticipates a new iPhone cycle and growth opportunities in India. But yesterday options traders looked for a pause. Check out this large transaction that occurred shortly after Monday's open: 20,000 4-August 180 puts traded...
Tesla Gets a Rival on Wall Street as Traders Await Big Inflation Report
Tesla, one of the most active stocks in the market, suddenly has a rival among traders. Rivian Automotive (RIVN) announced better-than-expected deliveries last week. That gave Wall Street confidence the maker of electric pickups and SUVs is finally overcoming...
A New Bull Market? Stocks Hit a New 52-Week High as Recession Fears Ease
Stocks rebounded sharply to end June as cooling inflation and strong economic data spurred hopes of a new bull market. The S&P 500 rose 2.3 percent between Friday, June 23, and Friday, June 30. It was the sixth positive week in the last seven. The index also had...
Chart of the Day: Will Small Caps Follow the S&P Higher?
The Russell 2000 small cap index has lagged all year, but it may be showing some signs of coming to life. The first pattern on today’s chart is the rally in early June, a potential sign of the bulls taking charge. RUT proceeded to retrace half the move before...
Options Traders May Think Carnival Will Keep Sailing Higher
Carnival is the top-performing member of the S&P 500 in June, and one big options trader may think it will keep sailing over the summer. Check out this unusual options activity yesterday in the cruise-ship operator: 20,000 August 16 calls traded for $0.83. 20,000...
Stocks Pause as Summer Begins and Central Banks Talk Tough on Inflation
Stocks began the summer with a pause as central bankers around the world vowed to crush inflation. The S&P 500 fell 1.4 percent in the holiday-shortened week between Friday, June 16, and Friday, June 23. It was the first drop after five positive weeks in a row....
Technology & Communication
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....
Options Alert: Twitter Traders Break Records as Elon Musk Fuels Historic Rally
Twitter leaped yesterday after Elon Musk revealed a giant stake in the social-media company. The news also triggered historic options volume. More than 1.5 million calls and puts changed hands in TWTR on Monday, according to TradeStation data. That was 346,000...
Tesla Is Leading a Rebound in Megacap Growth Stocks as the Fed Fades and Earnings Approach
High-multiple growth stocks have lagged since late 2021. But that's changing thanks to Tesla. The electric-vehicle giant is up 25 percent so far this month, making it the top performer in the Nasdaq-100 in March. The rally began when TSLA refused to stay under $800...
Chart of the Day: Here’s a Rare Breakout in the Technology Sector
Most technology stocks remain well off their highs in 2022, but not Juniper Networks. The maker of routers and switches closed at its highest level in almost 11 years last week. The breakout followed some interesting patterns that may anticipate a bigger move. First,...
Options Alert: Call Buyer Gives Chinese Tech Stock More Time for a Potential Move
Chinese technology stocks jumped last week, and one big options trader is targeting a former high flier. Check out this unusual options activity in Shanghai-based e-commerce company Pinduoduo (PDD): A block of 15,000 April 50 calls was sold for $1.67 against open...