Sunday, July 23, 2023

Tesla Gets a Rival on Wall Street as Traders Wait a Big Inflation Report

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Tesla, one of the most active stocks in the market, suddenly has a rival among traders. Rivian Automotive (RIVN) announced better-than-expected deliveries last week. That gave Wall Street confidence the maker of electric pickups and...

Stocks Near Highs After Bullish Outside Candle: Market Trends This Week

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Downloads are available here. (New zip file this week.) Register for Market Trends here. Sizing Up the S&P 500 S&P 500 potentially overbought but few apparent reversal signals Bullish outside candle last week 10-day MA rising for 27 days, longest streak...

A New Bull Market? Stocks Hit a New 52-Week High as Recession Fears Ease

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Stocks rebounded sharply to end June as cooling inflation and strong economic data spurred hopes of a new bull market. The S&P 500 rose 2.3 percent between Friday, June 23, and Friday, June 30. It...

S&P Holds Breakout as Quarter End Approaches: Market Trends This Week

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Downloads are available here. MACD cross days available here. Register for Market Trends here. Sizing Up the S&P 500 S&P 500 stayed 3 points above August 2022 high so far this week Momentum slowing but members above 20-day MAs still exceed...

Chart of the Day: Will Small Caps Follow the S&P Higher?

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The Russell 2000 small cap index has lagged all year, but it may be showing some signs of coming to life. The first pattern on today’s chart is the rally in early June, a potential...

Options Traders May Think Carnival Will Keep Sailing Higher

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Carnival is the top-performing member of the S&P 500 in June, and one big options trader may think it will keep sailing over the summer. Check out this unusual options activity yesterday in the cruise-ship...

Stocks Pause as Summer Begins and Central Banks Talk Tough on Inflation

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Stocks began the summer with a pause as central bankers around the world vowed to crush inflation. The S&P 500 fell 1.4 percent in the holiday-shortened week between Friday, June 16, and Friday, June 23....

Tech Pauses as Investors Rotate to Cyclicals: Market Trends This Week

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Downloads are available here. MACD cross days available here. Register for Market Trends here. Sizing Up the S&P 500 S&P 500 forming inside bar after large bullish weekly candle VIX falls below February 2020 low Breadth potentially widens as equal-weighted index plays...

Is the Fed Almost Done? Stocks Break Out On Hopes of a Soft Landing

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Stocks jumped to a 13-month high as investors hoped the Federal Reserve is almost done hiking interest rates. The S&P 500 rallied above its peak from last August, gaining 2.6 percent between Friday, June 9,...

Potential Reversal Patterns After Fed’s Hawkish Pause: Market Trends This Week

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Downloads are available here. MACD cross days available here. Register for Market Trends here. Sizing Up the S&P 500 Bearish outside day and doji candlestick Potentially overbought, according to Keltner Pullback custom indicator S&P 500 rose for 5 straight sessions, longest streak...
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