Market Insights
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Chart of the Day: Alphabet Pulls Back After Earnings Rally
Alphabet jumped to a new 52-week high on strong results last week. Now it may be giving trend followers a potential opportunity. The first pattern on today’s chart is the bullish gap on July 26 after revenue beat estimates and its Cloud business surprised to the...
Volatility Spreads to Retail as Bears Multiply
Extreme gloom is spreading from technology to retailers. Target (TGT), Lowe's (LOW), TJX (TJX), Kohl's (KSS) and L Brands (LB) are all dropping today. Some missed earnings, others missed on same-store sales. Regardless, investors refused to give any the benefit of the...
Market Action Summary: 11/19/18
Click here to register for the webinar, which begins at 4:30 p.m. ET. S&P 500 Overview: Direction Unclear as Negativity Builds Extreme negativity in tech dominating sentiment. Upside risk if 2700 holds. Otherwise 2018 low around 2530 potentially in play. Watching...
This Chart Shows Just How Bearish Tech Has Gotten
Most clients know technology stocks are getting hammered. But just how bad is the selling? Pretty bad, it turns out, according to TradeStation's award-winning platform. This chart compares the Select Technology Index ($XLK.IV) to the Select Consumer Staples Index...
Brazil Bull Looks for Carnival Rally: Options Recap
Someone's looking for a Carnival rally in Brazil's top bank, with the help of an unusual options strategy. Shortly after lunch on Friday, a trader sold 10,180 June 17 puts in Itau Unibanco (ITUB) for $3.58. At the same second, he or she bought exactly the same number...
Fed Signals Potentially ‘Dovish’ Turn
After years of steady rate hikes, the Federal Reserve may be signaling a change of course. The U.S. central bank's top two policymakers made potentially "dovish" statements in the last three days. That means they may favor less aggressive interest-rate increases going...
S&P Battles to Defend Key Level
The S&P 500 is trying to defend a key level, battling off waves of bearish headlines. 2700 has been important several times this year. It was resistance in mid-April and support in late June. The index bounced slightly above it on October 12, and last week's sharp...
Technology & Communication
Tesla Retraces Epic Surge as Safety Plays Try to Lead a Bounce
Markets remain very active as investors try to assess the damage from coronavirus. There's no shortage of headlines as forecasters and politicians brace for an economic slowdown. With so much going on, we wanted to focus in on three stories that might be of most use...