Market Insights
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Are Chips Getting Left Behind? Market Trends This Week
Downloads are available here. TradeStation’s ideas on TradingView are available here. Check out our next “State of the Market,” on Monday, 11/4. Tickets for the Crossroads Summit 2024, sponsored by TradeStation Group, can be accessed here. Sizing...
Technical Analysis: Does the Nasdaq Need a Pause?
The Nasdaq-100 has been running as investors flock back to growth stocks. But is it time for a pause? The index has gained each of the five weeks so far this year -- its longest winning streak since November 2021. Speaking of November 2021, the Relative Strength Index...
Apple, Trendline Break and ‘Golden Cross?’ Market Trends This Week
Sizing Up the S&P 500 50-day MA nearing "Golden Cross" vs 200-day MA2022 bearish trendline brokenBreadth: Advance/decline line highest since AugustSector mix: "risk-on" cyclicals leading, safe-havens lagging.Intermarket: Dollar index lowest since AprilIntermarket:...
Stocks Begin New Year With a Bang as Inflation Slows
Stocks rallied to start the New Year as investors looked for inflation to ease and the Federal Reserve to stop raising interest rates. The S&P 500 rose 6.2 percent in January, its best monthly performance since October. Some of the gain resulted from bounces in...
One Measure of Cryptocurrencies Turned the Most Bullish in Over a Year
Cryptocurrencies like Bitcoin tumbled in the last year as the Federal Reserve hiked interest rates, but now spirits could be improving. The Crypto Fear & Greed Index, which includes factors like Volatility and Momentum, hit 61 on Monday. It was the highest reading...
Is Tesla Driving Stocks Toward a Breakout Before the Fed?
Tesla could be driving the stock market toward a breakout as a flood of major catalysts hit. The electric car maker jumped 33 percent last week after reporting strong orders and saying production could reach 2 million vehicles this year. The news lifted sentiment in...
Technical Analysis: Pullback in Yum Brands
Yum Brands had a strong rally in late 2022. Now after a pause, the restaurant company may interest pullback buyers. The first pattern on today's chart is $125.70, a daily closing high from last April. YUM hesitated below that level in November and then began the New...
Technology & Communication
Chart of the Day: Tight Consolidation in Semiconductor Equipment Stock
Semiconductors have outperformed lately as investors get excited about demand from artificial intelligence (AI). Today’s chart considers equipment supplier Lam Research . The first pattern is the rising 50-day simple moving average. LRCX has consolidated in a tight...
Tesla Leads a Rebound in the Nasdaq as Buyers Defend Key Levels
Buy the dip. Buy the dip. Buy the dip. That was the mantra on Wall Street today. The Nasdaq-100 surged 3 percent, its biggest one-day gain since April 29. Tesla (TSLA), one of the most traded stocks in the entire market, led the bounce. Elon Musk's electric-vehicle...
Four Risks Face the Nasdaq After Technology Skidded Lower Last Week
Technology stocks just had their worst week since March as Apple and Tesla skidded lower. More risks could be on the horizon. The Nasdaq-100 fell 3.1 percent between Friday, August 28, and Friday, September 4. The SPDR Technology ETF (XLK) declined 4.1 percent. Both...
Tesla Denied! Meet the Companies That Beat Elon Musk to the S&P 500
One of the biggest events expected by investors didn't happen. Tesla wasn't added to the S&P 500. S&P Dow Jones Indices announced changes to the most important index on Friday afternoon. Three relatively small companies with a combined market capitalization of...
How Much Is Zoom Video Up Since its IPO?
Zoom Video Communications just rallied to new record highs after the coronavirus pandemic fueled one of the most dramatic growth stories ever. ZM closed at $457.67 today. That's 1,171 percent above the $36 price where it went public just 16 months ago on April 18,...