[lwp_divi_breadcrumbs font_icon=”5||divi||400″ use_custom_home_link=”off” link_color=”#000000″ separator_color=”#000000″ current_text_color=”#FFFFFF” admin_label=”Breadcrumbs” module_class=”insight-breadcrumbs” _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”][/lwp_divi_breadcrumbs]

Market Insights

Bringing you the trading news around the world.

Market Action Summary: 2/25/19

David Russell

February 25, 2019

Agendas | Market Action

S&P 500 Overview: Will 2800 Prove Resistance?

Key level from last October, November, December.
Index is furthest from 50-day MA greatest since 1/26/18.
Good news of China calm priced in — for now.
Need signal before looking to get short.
Likely better to focus on individual sectors/stocks over broad index.

Don’t Forget About IPOs

Lyft coming to market by early April, Pinterest possible in early June
Peleton just hired JPM, GS.
Do you have ClickIPO?

Powell in the Senate Tomorrow

Focus on balance-sheet reduction (hawkish) / maintenance (dovish).
Gold (@GC), Silver (@SI) in focus.
GDX, SLV, NEM, WPM potential equities to watch.
Check out the gold / silver ratio chart of the week.

New Leaders and Narratives Emerging

Hotels & leisure outperform on signs of pricing power:
MAR, HLT, RCL, NCLH
Chinese Internet stocks still far from old levels
Also, new China techs like TME, IQ, HUYA, CLPS, BILI have emerged.
Cybersecurity quietly running: FTNT, ANET, PANW
ZNGA, HUYA strong as ATVI, EA, TTWO struggle.
Turnarounds galore: GRMN, SNAP, GE, SYF, COTY, HBI, ALB, XRX

Don’s Watch List

Kohl’s (KSS) potential value play
Celanese (CE)
Best Buy (BBY) potential turnaround story
Comerica (CMA)
Smuckers (SJM) potentially bottoming

Russell’s Watch List

TEVA struggling with debt, drug-price negativity.
Japanese yen @JY bearish triangle.
@DX two bearish outside days this month as Powell spikes the punch bowl.
General Motors (GM) drifting higher. Is June high over $44 in play as Barra cleans house?
Salesforce (CRM) potential meltup into March 4 earnings.
Will Facebook (FB) run toward July gap down?
Keep watching Brazil for pension news.
Criteo (CRTO) potential growth-stock turnaround.

About the author

David Russell

David Russell is VP of Market Intelligence at TradeStation Group. Drawing on two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.

Cryptocurrencies Score Gains as Payment Giant Enters Market

by William Owens | Oct 23, 2020

Summary Paypal (PYPL) to begin offering crypto payment service.Bitcoin (BTC) rose more than 10% to new 52-week highs. Late last week, crypto-asset exchange OKEx suddenly suspended cryptocurrency withdrawals without much explanation. Later, reports surfaced that the...

Bitcoin Rips Higher on Square News

by William Owens | Oct 9, 2020

Summary President Donald Trump’s tweet about a suspension of stimulus talks sent world markets seesawing.Square (SQ) converted $50 million into Bitcoin (BTC) Global markets went on a roller-coaster ride this week following news that President Donald Trump had...

Choppy Price Action Is Still the Trend in Cryptocurrencies

by William Owens | Jun 26, 2020

Summary Cryptocurrencies were flat on the week, as range-bound action persists.Bitcoin (BTC) held onto price support near the $9,000 level.Concerns remain about a second wave of the Corona Virus. Bitcoin (BTC) continued to trade in a rather quiet, choppy fashion....

Market Insights

Bringing you the trading news around the world.