Market Insights
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Chart of the Day: Is This Chip Stock Rolling Over?
Advanced Micro Devices has bounced sharply from its early-July lows, but some patterns could be pointing lower for the chip stock. The first pattern on today’s chart is the descending parallel channel that’s been in effect most of the year. AMD’s latest highs...
Stocks Tumble as Fed’s Powell Promises to Crush Inflation
Stocks fell again last week as the Federal Reserve emphasized its plans to crush inflation with higher interest rates. "Reducing inflation is likely to require a sustained period of below-trend growth," Fed Chairman Jerome Powell warned investors on Friday morning. He...
Stocks Pause as Investors Brace for the Fed to Stay Hawkish
Stocks are pausing as investors brace for potentially hawkish news from the Federal Reserve this week. The S&P 500 fell 1.2 percent between Friday, August 12, and Friday, August 19. It was the first drop in the last five weeks as the index stalled at a resistance...
Chart of the Day: Does Tesla Need to Recharge its Batteries?
Tesla rallied more than 50 percent from its lows of the year through earlier this week. But now it may be running out of juice. The main pattern on today's chart is the price area around $939. It was the opening price on May 5 before TSLA knifed under its 200-day...
Health Care Leads New Highs as the Stock Market Recovers
Something new happened in the stock market yesterday following a month of steady gains: some names are breaking out. Twenty three members of the S&P 500 made new 52-week highs on Monday. That was the most since April 21, according to TradeStation data. Six of...
Has Inflation Passed Away? Stocks Keep Climbing as Price Gains Slow
Stocks just had their longest winning streak of the year as inflation cooled and investors plowed cash back into the market. The S&P 500 rose 3.3 percent between Friday, August 5, and Friday, August 12. It was the index's fourth straight weekly gain, its longest...
Next Week Mover? Options Trader Targets Quicker Upside in Lottery and Gambling Stock
International Game Technology jumped on strong results, and one options trader is looking for the move to continue next week. Check out this morning's unusual activity in the provider of lotteries and casino machines: 15,000 October 21 calls were sold for $2.73.An...
Technical Analysis: Netflix Shares Are Inching Toward a Big Price Gap
Does anyone remember Netflix? After losing three-quarters of its value between November and May, the streaming-video stock may be trying to claw its way back. The first pattern on today’s chart is the bearish price gap on April 20 after the business unexpectedly lost...
Videogame Slowdown Is the Latest Negative to Hit Semiconductor Stocks
Nvidia fell sharply after cutting guidance yesterday, the latest bearish headline facing the semiconductor industry. "Our gaming product sell-through projections declined significantly," CEO Jensen Huang said in a statement preannouncing weak results for the fiscal...
Chart of the Day: Is This Chip Stock Rolling Over?
Advanced Micro Devices has bounced sharply from its early-July lows, but some patterns could be pointing lower for the chip stock. The first pattern on today’s chart is the descending parallel channel that’s been in effect most of the year. AMD’s latest highs...
Stocks Tumble as Fed’s Powell Promises to Crush Inflation
Stocks fell again last week as the Federal Reserve emphasized its plans to crush inflation with higher interest rates. "Reducing inflation is likely to require a sustained period of below-trend growth," Fed Chairman Jerome Powell warned investors on Friday morning. He...
Stocks Pause as Investors Brace for the Fed to Stay Hawkish
Stocks are pausing as investors brace for potentially hawkish news from the Federal Reserve this week. The S&P 500 fell 1.2 percent between Friday, August 12, and Friday, August 19. It was the first drop in the last five weeks as the index stalled at a resistance...
Chart of the Day: Does Tesla Need to Recharge its Batteries?
Tesla rallied more than 50 percent from its lows of the year through earlier this week. But now it may be running out of juice. The main pattern on today's chart is the price area around $939. It was the opening price on May 5 before TSLA knifed under its 200-day...
Health Care Leads New Highs as the Stock Market Recovers
Something new happened in the stock market yesterday following a month of steady gains: some names are breaking out. Twenty three members of the S&P 500 made new 52-week highs on Monday. That was the most since April 21, according to TradeStation data. Six of...
Has Inflation Passed Away? Stocks Keep Climbing as Price Gains Slow
Stocks just had their longest winning streak of the year as inflation cooled and investors plowed cash back into the market. The S&P 500 rose 3.3 percent between Friday, August 5, and Friday, August 12. It was the index's fourth straight weekly gain, its longest...
Next Week Mover? Options Trader Targets Quicker Upside in Lottery and Gambling Stock
International Game Technology jumped on strong results, and one options trader is looking for the move to continue next week. Check out this morning's unusual activity in the provider of lotteries and casino machines: 15,000 October 21 calls were sold for $2.73.An...
Technical Analysis: Netflix Shares Are Inching Toward a Big Price Gap
Does anyone remember Netflix? After losing three-quarters of its value between November and May, the streaming-video stock may be trying to claw its way back. The first pattern on today’s chart is the bearish price gap on April 20 after the business unexpectedly lost...
Videogame Slowdown Is the Latest Negative to Hit Semiconductor Stocks
Nvidia fell sharply after cutting guidance yesterday, the latest bearish headline facing the semiconductor industry. "Our gaming product sell-through projections declined significantly," CEO Jensen Huang said in a statement preannouncing weak results for the fiscal...
Stocks Ended 2021 Strong as Investors Shift from Technology to Health Care and Real Estate
Stocks ended 2021 on a strong note as investors found opportunities in new sectors like health care and real estate. The S&P 500 rose 4.7 percent in December, rebounding from worries about the Federal Reserve and omicron variant of coronavirus. The index climbed...
Why Do Stocks Move? Check Out These 7 Catalysts That Drive Price Action in the Market
The stock market includes thousands of companies in scores of industries and groupings. While they may go up and down for any reason any day, there are underlying patterns behind price movement. This article reviews an earlier series on Market Insights explaining...
Tesla Is Weaving in Its Lane: Chart of the Day
Tesla has been on anything but autopilot since peaking above $1,240 in early November. The EV giant first made a lower high near $1,200, followed by a lower low under $900 yesterday. Taking a step back, the price action is starting to resemble a downward channel. This...
Caution Reigns in the Stock Market as the Fed Gets Hawkish and Omicron Spreads
Stocks remained under pressure last week as the Federal Reserve got hawkish and coronavirus made a comeback in the U.S. The S&P 500 slid 1.9 percent between Friday, December 10, and Friday, December 17. It was the third decline in the last four weeks, with risk-on...
Taper Tantrum? High Multiple Growth Stocks Take a Hit Before the Big Fed Meeting
High-multiple growth names crumbled again yesterday as investors brace for tighter monetary policy from the Federal Reserve. Using TradeStation's extensive library of fundamental and technical data, we compared S&P 500 members that fell at least 1 percent on...
Chart of the Day: Mega Candle in Johnson & Johnson
Johnson & Johnson is often a dull stock, but it had some exciting price action yesterday. The health care giant dropped 1 percent in the initial seconds of trading, undercutting Friday's low. Buyers immediately came out of the woodwork, driving the stock to its...
Investors Shift to Safe Havens, Shunning Riskier Stocks as the Fed Taper Approaches
The S&P 500 fell yesterday, but a new kind of stock seems to be breaking out. Consumer staples, real estate investment trusts and utilities hit new 52-week highs on Monday, based on analysis of the SPDR funds tracking each sector. Meanwhile economically sensitive...
Stocks Explode Higher as Tech Buyers Pounce on Omicron Pullback
Stocks just had their best week since February as buyers defied worries about the omicron variant, amassing technology stocks and reopening plays. The S&P 500 rose 3.8 percent between Friday, December 3, and Friday, December 10. The index established a new...
Metaverse, Cybersecurity, Big Data: A New World of Tech Stocks Has Emerged
Even before coronavirus fueled demand for technology, a new set of innovative growth stocks were emerging. Today we'll focus on some lesser-known companies in the emerging worlds of cybersecurity, big data, online marketing and virtual reality. It could be an...