Market Insights
Bringing you the trading news around the world.
Energy, Metals Jump as Traders Pivot from Chips: 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 maintains steady uptrend as breadth improves and rate of change stays positive Potential...
Options Traders Look for Marathon Oil to Keep Running
Marathon Oil is the third-best performer in the S&P 500 this year, and options traders seem to think it will keep running. Check out this large complex trade in the Houston-based energy driller: 15,423 January 24 calls were sold for $6.70.15,423 January 21 puts...
Stocks Try to Bounce Before a Huge Week of Earnings
Stocks are trying to bounce as investors await key earnings and hope for slower rate hikes. The S&P 500 rose 4.7 percent between Friday, October 14, and Friday, October 21. It was the biggest weekly gain since June, with every major sector advancing. More than...
Chart of the Day: Is Walmart Squeezing Toward a Breakout?
Walmart has squeezed into a tight range after a big drop in the spring. Now some traders may be looking for a potential breakout. The main pattern on today’s chart is the falling trendline along the highs of April, August and September. WMT remained consistently below...
Stocks Keep Sliding as Inflation Spreads and Earnings Fail to Impress
Stocks keep falling as inflation remains high and earnings disappoint. The S&P 500 fell 1.6 percent between Friday, October 7, and Friday, October 14. It was the fourth negative week in the last five as the index flirts with its lowest levels since late 2020....
Stocks Cling to Support, Bracing for Another Inflation Report and Earnings
Stocks are trying to hold a key level as investors brace for more inflation news and a potentially bearish earnings season. The S&P 500 rose 1.5 percent between Friday, September 30, and Friday, October 7. It was the first positive week in the last four, although...
Options Alert: Bearish Traders Could Be Sticking With Western Digital
Western Digital tried to bounce after a big drop, but the bears don't seem to be going away. Check out this unusual options activity in the maker of data-storage products: A block of 7,500 October 36 puts was sold for $2.05.A trader bought an equal number of October...
Technology & Communication
Chart of the Day: Is Oracle Attempting a Breakout?
Oracle has performed better than most technology and software companies, and now it may be attempting a breakout. The first pattern on today’s chart is the triangle that took shape in December. Prices ended 2022 slightly above the top, and buyers jumped in yesterday....
Apple Could Be Squeezing Toward a Breakout With New Features Unveiled at WWDC
Apple has been a frustrating stock for most of the year, but now it may be squeezing toward another rally. The first pattern on today's chart is its super-tight Bollinger bandwidth, which yesterday was the narrowest since December 2019. That could suggest price is...
Technical Alert: Death Cross in Netflix
The economy is reopening. People are going back to work. It's great news for a lot of stocks, but Netflix isn't one of them. Today, the streaming-video giant's 50-day simple moving average (SMA) closed at $513.97, or $0.53 below its 200-day SMA. That "death cross" may...
Junior Nasdaq Beating QQQ Again as Low Volatility Draws Risk Takers Away From Apple
Big-cap technology stocks like Apple are lagging again, even as investors start buying smaller companies on the Nasdaq. The chart below compares the Invesco Nasdaq Next Gen ETF (QQQJ) with the Invesco QQQ (QQQ). It shows percentage change, with hourly bars, since the...
Options Activity Is Rising in ‘Meme’ Stocks Like AMC and GameStop
Heavily shorted stocks like AMC exploded higher in January. Now they may be moving again, with options traders jumping on board. The theater chain rallied 19 percent yesterday, following a 20 percent gain on Tuesday. AMC is up 62 percent since last Friday, its biggest...