Market Insights
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Tech Languishes Before CPI: Market Trends This Week
Downloads are available here. TradeStation’s ideas on TradingView are available here. Register for Market Trends here. Sizing Up the S&P 500 S&P 500 trying to hold 7/12 closing price. Momentum weakens as 10-day MA falls but longer-term...
Is the Nightmare Over? Options Trader Sees Huge Rebound
October was a painful month, but now a big options trader is looking for the entire selloff to reverse. Here's a breakdown of the massive call volume detected yesterday morning in the market-tracking SPDR S&P 500 ETF (SPY): A block of 75,000 December 288 calls was...
Popular Chip Stock Holds Key Level Into G20
One of the most heavily traded names in the chip space is holding a potentially key level. Micron Technology (MU) dropped 38 percent from the start of June through yesterday. But now the giant producer of memory circuits is holding its ground above $36.50, an old peak...
Bullish Chart Patterns Across Big Pharma
Everyone's been focused on the selloff in tech, but something more bullish may be happening in a forgotten corner of the market. Large pharmaceutical companies including Pfizer (PFE), Merck (MRK) and Amgen (AMGN) have formed triangles in recent weeks. The...
Cloud Giant Rips on Blowout Quarter
A cloud-computing giant was highlighted on Market Action this week. It's posed to open higher today after a blowout quarter. Salesforce.com (CRM) reported earnings of $0.61 a share in the third quarter. With the Street expecting earnings of $0.50 per share, up from...
This Forgotten Industry Is Quietly Shining
Remember solar stocks? They're quietly screaming higher. PowerShares Solar Energy exchange-traded fund (TAN) is up 14 percent since the end of October. That outpaces every other major portfolio on our Market Action dashboard and puts the industry on pace for its best...
Options Trader Sees No Happy New Year for Ailing Blue Chip
Someone seems to think this year's worst-performing S&P 500 member won't have a happy New Year. Here's a breakdown of a large options trade in General Electric (GE): A block of 12,500 December 8 puts was sold for $0.79 and an equal number of December 7s was bought...
Technology & Communication
Netflix Approaches New Highs as Volatility Fades; Oil Keeps Sliding
Markets bounced again yesterday as investors begin to see light at the end of the coronavirus tunnel. There's no shortage of headlines. So we used TradeStation's award-winning platform to analyze the trends. Here are a few items that stood out. Netflix Is Streaming...