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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...
Options Alert: Heavy Call Volume Appears in the Top Utility Stock
Utilities broke out to new highs yesterday, and an option trader targeted the biggest company in the sector. Check out the call unusual volume in NextEra Energy (NEE): A block of 17,919 December 90 calls traded for $1.A block of 17,919 March 100 calls changed hands at...
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...
Crocs Is Trending Higher: Technical Analysis
Footwear stock Crocs has been in a steady uptrend since the market bottomed in March 2020. Now it's pulled back and may be interesting to swing traders. The first pattern on today’s chart is the 50-day moving average. CROX tested it on Friday and Monday, closing above...
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...
Options Alert: Heavy Call Volume Appears in the Top Utility Stock
Utilities broke out to new highs yesterday, and an option trader targeted the biggest company in the sector. Check out the call unusual volume in NextEra Energy (NEE): A block of 17,919 December 90 calls traded for $1.A block of 17,919 March 100 calls changed hands at...
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...
Crocs Is Trending Higher: Technical Analysis
Footwear stock Crocs has been in a steady uptrend since the market bottomed in March 2020. Now it's pulled back and may be interesting to swing traders. The first pattern on today’s chart is the 50-day moving average. CROX tested it on Friday and Monday, closing above...
Check Out This Key Level Morgan Stanley Is Holding: Technical Analysis
Financials are the second-best performing sector in 2021. Now one of the biggest names has pulled back to hold some key levels: Morgan Stanley (MS). MS dipped on the Archegos implosion last week, but reportedly faces no significant losses. That brought MS down to its...
Trade QQQ? The Nasdaq Just Had its Worst Quarter in a Decade, by This Measure
The Nasdaq-100 went from an amazing year in 2020 to its worst quarter in a decade, compared with the rest of the stock market. The technology heavy index, home to trillion-dollar giants like Apple (AAPL) and Microsoft (MSFT), rose just 1.6 percent between the end of...
Bullish Triangles Across Reopening Stocks: Technical Analysis
From Las Vegas Sands to Live Nation Entertainment and many other stocks, bullish triangles keep popping up in "reopening" plays. Notice how LVS clawed to a new 52-week high above $66 in early March, stalled and then pulled back to previous highs around $60. Also...
Unusual Options Activity Targets Breakout When Citi Reports Earnings
Banking giant Citi reports earnings in two weeks, and one big investor is looking for a breakout. Unusual options activity was detected in the April 76 calls. Traders started buying for $1.11 shortly after the opened, with larger transactions for $1.08 after the...
Bearish Triangle and Death Cross in Zoom Video: Technical Analysis
As Zoom Video Communications continues to struggle, more bearish patterns have appeared on the chart. First, the recent price action has resulted in a descending triangle , with support around $309. This is a classic continuation pattern, pointing to potentially more...
Candlesticks, Pullbacks and Advanced Alerting: This Video Explains Technical Analysis in the Stock Market
https://www.youtube.com/watch?v=wpScT6O7c0c Candlesticks are one of the most popular charting tools in the stock market. This video helps traders understand patterns like kickers, dojis and hammers. It also covers volatility-based technical indicators like Bollinger...
The VIX Is Collapsing as Good News Floods the Market
The fear index is crumbling as one positive story after another hits the market. Cboe's VIX, which measures the cost of hedging the S&P 500, closed at 18.86 on Friday. That was its lowest reading since February 24, 2020, immediately before the coronavirus pandemic...
Chart Study: Is CSX Ready to Start Rolling?
Railroad operator CSX has squeezed into a tight range for almost five months. Now it may be ready for a breakout. The first pattern jumping off the chart is the ascending triangle with resistance around $95. Prices just started to escape the top yesterday. Also notice...
Chinese Stocks Are Crashing. Here’s Why It Could Be Good Luck for U.S. Investors
Most investors know that big Nasdaq stocks have struggled lately. They may be less aware of the carnage in Chinese markets. The iShares China Large-Cap ETF (FXI) has dropped 8 percent so far in March. That puts it on pace for the worst month in the last year. It also...