Market Insights
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Calm Returns as Rate Fears Subside: 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 back above 50-day MA. MACD turns higher More index members above 20-day MA than above...
Troubled Trio? Why These Megacaps Are Faltering in 2024
The stock market is off to a roaring start in 2024, but three former leaders might be left behind. Apple (AAPL), Tesla (TSLA) and Alphabet (GOOGL) have dropped in recent weeks as the S&P 500 and Nasdaq-100 rallied to new highs. They're now below chart levels that...
TradeStation Has Tools to Simplify Tax Reporting
Disclosure: This post is for educational purposes only. None of the information should be considered tax, legal or investment-planning advice. Tax season is underway, and today's post will cover a few tools to make reporting easier for TradeStation customers. We'll...
New Highs Continue in the Stock Market as AI Boom Widens
Stocks keep rallying as investors look for the AI boom to drive earnings and the broader economy. The S&P 500 rose 0.9 percent between Friday, February 23, and Friday, March 1. The index closed above 5,100 for the first time. Technology led the advance. "We have...
Another Record for Stocks in February on Earnings, Economic Growth
Stocks just rose for the fourth straight month, powered by strong earnings and economic growth. The S&P 500 climbed 5.2 percent between December 31 and February 29. Two-thirds of the index's members advanced, along with every major sector. The Nasdaq-100 rose 5.2...
Breadth Widens as Optimism Spreads: 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 Remains in tight uptrend with few bearish signals Breadth widens: Advance / Decline line, new 52-week highs...
Chart of the Day: Caterpillar Could Be Holding an Uptrend
Caterpillar broke out to new highs a month ago, and now some traders may think an uptrend is in place. The first pattern on today’s chart is the close on January 25. It was slightly above ... For more, please click here to view the related idea and chart analysis...
Technology & Communication
Chart of the Day: Nvidia and the Midcap Breakout
Megacap growth stocks like Nvidia have outperformed for years. But traders looking for the trend to change may see more evidence of a shift. Today’s idea considers three charts. The first shows how NVDA rallied 93 percent this year above its previous record high. It...
Chart of the Day: Apple Pulls Back After a ‘Golden Cross’
Apple clawed to a six-month high last week. Is it done or will prices continue higher? The first pattern on today’s chart is the price level around $156. AAPL peaked there on March 6 and bounced there yesterday. Some chart watchers could think ... For more,...
Growth Comeback? Nasdaq Surged Last Week Amid Banking Scares
Stocks face a confusing mix of positives and negatives, but the biggest story could be an unexpected surge in the Nasdaq-100. The technology-heavy index rallied 5.8 percent between Friday, March 10, and Friday March 17. In absolute terms, it was the biggest weekly...
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...
Technical Analysis: Have Chipmakers Already Bottomed?
Most people know that technology stocks ended 2022 on a weak note. But they may not realize one group started to outperform: chipmakers. The first pattern on today’s chart of the Philadelphia Semiconductor Index is the falling trendline along the highs of last year....