Market Insights
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Housing Stocks Have Crashed — Just in Time for Mortgage Rates to Come Back Down?
Housing stocks rallied in early 2021 as Americans scrambled for new homes. Now they pulled back dramatically as lumber prices tumble and mortgages get more affordable. The chart below the Philadelphia Housing Index ($HGX) with the Stochastic Slow Indicator, a common...
Tesla Faces a Make or Break Moment as Electric Vehicle Stocks Surge Back
Tesla's stock could be at critical juncture as investors rotate back to zero-emission stocks like electric cars and solar energy. The chart below shows how TSLA has made three higher lows in the last month. Meanwhile it's pushed against roughly $630, resulting in a...
This Social Media Stock May Be Squeezing Toward a Breakout: Technical Alert
Snap is an expensive growth stock. It’s the kind of name investors have mostly avoided this year, although recent weeks have seen a shift back to such companies. This chart highlights SNAP’s last four months of consolidation. It isn’t exactly a cup and handle, but...
Reopening Stocks Like Banks and Commodities Are Crashing After the Fed Turned Hawkish
The Federal Reserve turned hawkish yesterday, and reopening stocks are paying the price today. Steelmakers, energy drillers, banks and transports lead the selling. Copper futures are down more than 8 percent this week, their biggest drop since March 2020. Corn,...
Check Out This Bullish Options Activity in Giant Semiconductor and Mining Stocks
The two largest companies in their industries had bullish options activity today: Intel and Vale. Intel (INTC), the world's biggest semiconductor maker, saw heavy call buying shortly after the opening bell. Traders initially purchased the 25-June 62 calls for $0.10 to...
This Major Index Is Breaking Out as Value Stocks Pause: Chart Study
Value stocks and reopening plays have been the main themes in 2021, but now the bulls seem to be returning to Big Tech and the Nasdaq-100. The yellow histogram on this chart compares the 21-day return of NDX against the S&P 500. (It uses our Smart Relative...
Growth Stocks Regain the Lead as Investors Embrace a Dovish Fed
Most of 2021 has focused on value stocks as the economy reopening from coronavirus, but last week investors returned to growth. The S&P 500 rose 0.4 percent between Friday, June 4, and Friday, June 11. The Nasdaq-100 climbed 1.2 percent, its biggest outperformance...
Advanced Micro Is Challenging a Trend Line: Chart of the Day
Believe it or not, Advanced Micro Devices has been little changed for 10 months. But now the semiconductor stock may be getting ready to move. This chart shows how AMD is stuck between a falling trend line and its 50-day moving average. Our Moving Average Speed custom...
Health Care Stocks Come to Life, Supported by FDA, Low Interest Rates
Health-care stocks have lagged the market for years, but now the sector is coming to life as the coronavirus pandemic winds down. The SPDR Health Care ETF (XLV) has outperformed the S&P 500 by 2.5 percentage points so far this week. That puts it on pace for its...
Housing Stocks Have Crashed — Just in Time for Mortgage Rates to Come Back Down?
Housing stocks rallied in early 2021 as Americans scrambled for new homes. Now they pulled back dramatically as lumber prices tumble and mortgages get more affordable. The chart below the Philadelphia Housing Index ($HGX) with the Stochastic Slow Indicator, a common...
Tesla Faces a Make or Break Moment as Electric Vehicle Stocks Surge Back
Tesla's stock could be at critical juncture as investors rotate back to zero-emission stocks like electric cars and solar energy. The chart below shows how TSLA has made three higher lows in the last month. Meanwhile it's pushed against roughly $630, resulting in a...
This Social Media Stock May Be Squeezing Toward a Breakout: Technical Alert
Snap is an expensive growth stock. It’s the kind of name investors have mostly avoided this year, although recent weeks have seen a shift back to such companies. This chart highlights SNAP’s last four months of consolidation. It isn’t exactly a cup and handle, but...
Reopening Stocks Like Banks and Commodities Are Crashing After the Fed Turned Hawkish
The Federal Reserve turned hawkish yesterday, and reopening stocks are paying the price today. Steelmakers, energy drillers, banks and transports lead the selling. Copper futures are down more than 8 percent this week, their biggest drop since March 2020. Corn,...
Check Out This Bullish Options Activity in Giant Semiconductor and Mining Stocks
The two largest companies in their industries had bullish options activity today: Intel and Vale. Intel (INTC), the world's biggest semiconductor maker, saw heavy call buying shortly after the opening bell. Traders initially purchased the 25-June 62 calls for $0.10 to...
This Major Index Is Breaking Out as Value Stocks Pause: Chart Study
Value stocks and reopening plays have been the main themes in 2021, but now the bulls seem to be returning to Big Tech and the Nasdaq-100. The yellow histogram on this chart compares the 21-day return of NDX against the S&P 500. (It uses our Smart Relative...
Growth Stocks Regain the Lead as Investors Embrace a Dovish Fed
Most of 2021 has focused on value stocks as the economy reopening from coronavirus, but last week investors returned to growth. The S&P 500 rose 0.4 percent between Friday, June 4, and Friday, June 11. The Nasdaq-100 climbed 1.2 percent, its biggest outperformance...
Advanced Micro Is Challenging a Trend Line: Chart of the Day
Believe it or not, Advanced Micro Devices has been little changed for 10 months. But now the semiconductor stock may be getting ready to move. This chart shows how AMD is stuck between a falling trend line and its 50-day moving average. Our Moving Average Speed custom...
Health Care Stocks Come to Life, Supported by FDA, Low Interest Rates
Health-care stocks have lagged the market for years, but now the sector is coming to life as the coronavirus pandemic winds down. The SPDR Health Care ETF (XLV) has outperformed the S&P 500 by 2.5 percentage points so far this week. That puts it on pace for its...
3 Reasons Why Stocks May Be on the Verge of a Breakout
Stocks climbed again last week as investors kept piling into the technology sector. Is a breakout coming next? The S&P 500 rose 1.8 percent between Thursday, July 2, and Friday, July 10. The index closed at its highest level in a month as the economy improved and...
An Earnings Season Like No Other Is About to Begin
Earnings season is about to start, with the coronavirus pandemic causing one of the most uncertain backdrops ever. Analysts are looking for S&P 500 earnings to decline by 43-44 percent, according to Reuters and Factset. The energy sector is expected to have the...
Oil and Energy Stocks Teeter as Coronavirus Cases Soar in the U.S.
After a huge bounce last quarter, energy is struggling again as coronavirus keeps spreading. The SPDR Energy ETF (XLE) fell 9 percent between June 30 and Thursday's close. That makes it the worst-performing sector this quarter by a huge margin. It also contrasts with...
Covid or no Covid, Bullish Things Keep Happening in the Stock Market
Stocks rose again last week as one bullish chart pattern after another appeared. The S&P 500 rose 4 percent in the holiday-shortened week between Friday, June 26, and Thursday, July 2. Winners outnumbered losers by more than 19-to-1. The index also registered a 1...
Market Insights’ Biggest Stories From a Dramatic First Half of 2020
The stock market just had one of its most dramatic runs ever. It flew to new highs, crashed to multiyear lows and then bounced sharply. Coronavirus has redefined the economy and the market. The pandemic has catapulted some industries forward, and doomed others with...
Tesla, Netflix and These Other Tech Stocks Broke Out Yesterday
Tesla, Netflix and Amazon.com are leading a breakout in the technology sector as investors prepare for the Fourth of July weekend. The e-commerce giant, electric-car maker and streaming-video provider closed at new highs yesterday. But they weren't alone. Many smaller...
These Were the Top Symbols on TradeStation in June as the Economy Reopened
The economy reopened in June, and TradeStation clients played the trend by pivoting to travel-related stocks. Aerospace giant Boeing (BA) flew up the rankings of busiest symbols on our platform. United Airlines (UAL) and American Airlines (AAL) also entered the list...
S&P 500 Has its Best Quarter Since 1998 After Roaring Back From Coronavirus
Stocks just finished their best quarter in a generation, rebounding sharply from the coronavirus pandemic. The S&P 500 surged 20 percent between its close on March 31 and today. Technology, consumer stocks and energy led the rally as investors hunted for bargains...
How to Trade Apple During its Biggest Developer Event Ever
America's most valuable company is making its next great leap forward. Are you keeping up? Apple (AAPL) just unveiled a new operating system (iOS 14) making it easier to manage apps, watch videos and interact with Siri. The $1.5 trillion firm also introduced a...