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 breaks June high as short-term bearishness grows
• 20-day moving average accelerates to downside
• Intermarket risks:
  • 10-year Treasury yield nears October high
  • U.S. Dollar index breaks downtrend from May
  • VIX holds 2021 closing low of 15
• Macro conditions potentially less favorable (more hawkish; see below)
• Potential levels:
  • 4328: June 26 low, near August 2022 high
  • 4200: February high and 50% retracement of March-July move.

Key News

• Hawkish comeback:
  • Retail sales +0.7% vs +0.4% estimate. Ex-auto +1% vs +0.1% estimate
  • Fed minutes: “upside risks to inflation … could require further tightening of monetary policy.”
  • Industrial production +1% vs +0.3% est
• But doves (deflation) lurking?
  • China slowdown: retail sales, industrial production, Country Garden collapse, PBOC rate cuts
  • Atlanta Fed inflation inflation expectations 2.5% in August vs 2.8% in July
  • Barchart.com: M2 money supply falling at fastest pace in at least 50 years
• U.S. Steel (X) jumps amid takeover reports

Mover of the Week: New York Times

• Earnings, revenue beat
• Subscriptions growing after business-model adjustments
• Potential transformation story
• NYT +31%

Upcoming Events

• Friday (8/17): DE earnings
• Wednesday (8/23): New home sales, crude-oil inventories
  • Earnings: NVDA, PTON KSS AAP ADI
• Thursday (8/24): Initial jobless claims
• Tuesday (8/15): Retail sales, NAHB housing index
  • Earnings: HD
• Wednesday (8/16): Oil inventories, Housing starts/permits, Fed minutes
  • Earnings: TGT, CSCO
• Thursday (8/17): Jobless claims, durable claims

Security futures are not suitable for all investors. To obtain a copy of the security futures risk disclosure statement Investment and Trading Disclosures Booklet – Futures.

Security futures are not suitable for all investors. To obtain a copy of the security futures risk disclosure statement Investment and Trading Disclosures Booklet – Futures.

Exchange Traded Funds (“ETFs”) are subject to management fees and other expenses. Before making investment decisions, investors should carefully read information found in the prospectus or summary prospectus, if available, including investment objectives, risks, charges, and expenses. Click here to find the prospectus.

Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See Characteristics and Risks of Standardized Options.

The post Stocks Fall as Strong Economy Sidelines Goldilocks: Market Trends appeared first on Market Insights.

Quarterly earnings and other important events have the potential to trigger sudden moves in stock prices. Call and put options can help investors manage the risk of these catalysts by positioning for directional moves or hedging against declines. Key strategies include vertical spreads and covered calls.

This educational webinar demonstrates how to construct various option strategies with TradeStation’s award winning platform. It covers use of our desktop application and web trading experience. Conversation focuses on active underliers like Meta Platforms (META) and Microsoft (MSFT). Techniques for identifying and tracking these high-volume symbols are also covered.

The webinar was hosted on July 24 by David Russell, VP of Market Intelligence at TradeStation Securities. Supporting materials are available for free download here.

Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See Characteristics and Risks of Standardized Options. Visit www.TradeStation.com/Pricing for full details on the costs and fees associated with options.

The post Options Strategies for Earnings Season and Other Events appeared first on Market Insights.

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 trying to hold 7/12 closing price.
• Momentum weakens as 10-day MA falls but longer-term uptrend remains.
  • Bearish outside days on 7/27 and 8/4
• Potential resistance at 4528
• Dip buyers may wait for 50-day MA into Labor Day.

Sector Watch

• Energy leading this quarter as crude oil climbs to 10-month high.
  • Oil-field services, refiners, coal miners
• Technology lagging this quarter
• Small caps, DJIA leading, Nasdaq lagging
• Healthcare / pharma jump on LLY, AMGN results

Key News

• Platts survey: OPEC+ production at 2-year low after most recent Saudi cuts.
• San Francisco Fed: Shelter inflation could go negative in 2024
• Recession debate:
  • JPMorgan no longer expects recession
  • Jefferies says recession is “almost inevitable.”
• Fedspeak:
  • Michelle Bowman: “Additional rate increases will likely be needed.”
  • John Williams: “Need to keep a restrictive stance for some time.”
  • Patrick Harker: “We may be at the point where we can be patient and hold rates steady.”

Mover of the Week: Penn National

• Earnings, revenue beat on 8/9
• Forms sports-betting partnership with ESPN
• Parts with Dave Portnoy & Barstool Sports
• Potential transformation story

Upcoming Events

• Friday (8/10): PPI, consumer sentiment
• Tuesday (8/15): Retail sales, NAHB housing index
  • Earnings: HD
• Wednesday (8/16): Oil inventories, Housing starts/permits, Fed minutes
  • Earnings: TGT, CSCO
• Thursday (8/17): Jobless claims
  • Earnings: WMT, AMAT

Security futures are not suitable for all investors. To obtain a copy of the security futures risk disclosure statement Investment and Trading Disclosures Booklet – Futures.

Security futures are not suitable for all investors. To obtain a copy of the security futures risk disclosure statement Investment and Trading Disclosures Booklet – Futures.

Exchange Traded Funds (“ETFs”) are subject to management fees and other expenses. Before making investment decisions, investors should carefully read information found in the prospectus or summary prospectus, if available, including investment objectives, risks, charges, and expenses. Click here to find the prospectus.

Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See Characteristics and Risks of Standardized Options.

The post Tech Languishes Before CPI: Market Trends This Week appeared first on Market Insights.

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 forms another tight range near 52-week high
• July 20 low held July 14 high as resistance becomes support above April 2022 weekly high
• Advance / Decline line confirms breadth
• March 2022 high of 4637 may remain in play
• Few bearish signs evident amid risk-on sector performance

Sector Watch

• Banks, energy leading this quarter as money rotates from big tech
• Chinese stocks rise on Xi stimulus pledge
• Small caps outperforming as Dow Jones Industrials have longest positive run since 1987.
  • CNBC: One more positive day for $INDU would be longest streak since 1897.
• Value outperforming growth in July.

Key News

• Fed hikes as expected; few changes made.
• Commodities rise after China pledges to boost economy.
• July consumer confidence beats on strong expectations and job sentiment. June revised higher.
• Microsoft (MSFT) falls as AI spending rises and legacy Windows business slows.
• Alphabet (GOOGL) rallies on strong cloud sales.
• Meta Platforms (META) earnings, revenue beat as lower capex boosts margin outlook.
• Netflix (NFLX), Tesla (TSLA) and ServiceNow (NOW) drop and as traders “sell the news.”
• State Street Investor Confidence Index still negative despite new highs for S&P 500

Patterns & Signals

• American Express (AXP) pulls back to 50-day MA
• Trade Desk (TTD) pulls back to 21-day EMA
• Salesforce.com (CRM) attempts to hold May 31 high
• Delta Air Lines (DAL) pulls back to 21-day EMA
• Marvell Technology (MRVL) grinding higher along 21-day EMA

Mover of the Week: Badger Meter

• Provider of smart water meters has gapped higher after beating estimates the last 2 quarters.
• Benefiting from infrastructure investment.
• BMI +50% YTD

Upcoming Events

• Thursday (7/27):
  • Earnings (post market): INTC, F, ENPH, FSLR
• Friday (7/28): PCE inflation
  • Earnings: XOM, CVX, PG
• Monday (7/31):
• Tuesday (8/1): ISM Manufacturing
  • Earnings: AMD, SBUX
• Wednesday (8/2): Crude oil inventories
  • Earnings: QCOM, PYPL, SHOP
• Thursday (8/3): CPI, jobless claims
  • Earnings: AAPL, BABA

Using the Platform

Bollinger Bands

Standardized Performances for ETF mentioned above

As of June 30, 2023. Based on TradeStation Data.

Security futures are not suitable for all investors. To obtain a copy of the security futures risk disclosure statement Investment and Trading Disclosures Booklet – Futures.

Security futures are not suitable for all investors. To obtain a copy of the security futures risk disclosure statement Investment and Trading Disclosures Booklet – Futures.

Exchange Traded Funds (“ETFs”) are subject to management fees and other expenses. Before making investment decisions, investors should carefully read information found in the prospectus or summary prospectus, if available, including investment objectives, risks, charges, and expenses. Click here to find the prospectus.

Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See Characteristics and Risks of Standardized Options.

The post Market Stair-Steps Higher as Fed Passes: Market Trends This Week appeared first on Market Insights.

The S&P 500 keeps hitting new 52-week highs, but how strong is the rally? Today’s post will use TradeStation’s award-winning platform to diagnose the health of the move.

The method will use the RadarScreen tool to compare the price performance of various sectors. Are investors favoring “risk-on” stocks that are consistent with a bullish market? Answering that question can help confirm or invalidate the current move.

The workspace pictured below includes several indexes grouped into “risk on” and “risk off” categories.

The “risk on” indexes represent segments of the market that typically perform well during economic expansions or at time when investors feel confidence. They include groups like transportation, consumer discretionaries, technology and industrials.

The “risk off” indexes aren’t as sensitive to the business cycle. They include “safe havens” like utilities and consumer staples, which often outperform the broader market when sentiment is weakening. Consumer staples, in particular, tend to have higher returns before the broader drops. (See the chart below.)

Using RadarScreen

RadarScreen is an automated tool that can track up to 1,000 symbols at a time. It works by applying one or more studies to a list of tickers in a grid. The example in this article uses “Description” and “21d.” Description is built into TradeStation, listing the name of a stock or index. 21d is a custom indicator (available in the zip below) that shows the price performance over the last 21 trading sessions. (This approximates a calendar month.)

Almost all the “risk on” indexes have risen more than the S&P 500 in the last month. Also notice how the “safe havens” have lagged. This can demonstrate bullish sentiment toward riskier assets.

Note: The workspace and indicators referenced in this article are available in this zip file. Customers wishing to use exchange-traded funds (ETFs) instead of Select Sector Indexes can find matching ETFs on our disclosure page.

The post Using the Platform: Sector Performance May Be Confirming New Bull Market appeared first on Market Insights.

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 bounces after holding 50% retracement of June 26-30 weekly candle
• Index has few apparent bearish signals as it approaches 4513
• March 2022 high of 4637 may be in play
• Advance/Decline Line makes a new high
• Yield curve steepens as 2-year Treasury fails at 5%

Sector Watch

• Weak-USD trades gain with Fed pause in sight: European stocks, gold, silver
• Energy accelerates amid positive supply/demand balance. SLB/HAL leading
• Regional banks rebound: ZION is top-performing S&P 500 member so far this quarter
• Small caps, mid caps may be playing catchup as breadth widens
• Lagging safe havens may reflect risk appetite.

Key News

• CPI headline & core below expectations. Shelter, used car prices, transport reduce services inflation.
• Non-farm payrolls miss estimates amid downward revisions
• Microsoft/Activision ruling viewed as potential defeat for FTC’s merger-blocking efforts.
• Citi downgrades U.S., upgrades Europe
• Goolsbee of Fed sees “golden path” to lower inflation without a recession
• Meta (META) gains on Threads optimism
• Rivian Automotive (RIVN) jumps to No. 2 spot at TradeStation after deliveries ease production worries.
  • Like Tesla (TSLA) in October 2019?
• UPS, AMZN, autos face potential labor issues
• Tom Lee: Underinvested money managers may chase S&P 500 to new highs as recession worries fade.
• FactSet: More companies issuing positive guidance and downward earnings revisions are smaller than average.
• Rystad Energy flags 20% increase in “well interventions,” valued-added oil-field services.
• Corn futures plunge as USDA boosts crop outlook.

Patterns & Signals

• Silver futures (@SI) break falling trendline
• Advanced Micro Devices (AMD): triangle near 50-day MA
• First Solar (FSLR) tries to reclaim 50-day MA
• Shopify (SHOP): triangle near 50-day MA
• Vishop (VIPS) bounces at 50-day MA as U.S. dollar weakens

Mover of the Week: Global-e Online

• Global e-commerce service provider beat..
• Consensus sees revenue +42% this year, +36% next year
• GLBE +117% YTD

Upcoming Events

• Friday (7/14): Consumer sentiment
  • Earnings: JPM, C, WFC, UNH
• Monday (7/17): nothing important
• Tuesday (7/18): Retail sales, industrial production, NAHB homebuilder sentiment
  • Earnings: BAC, MS, SCHW
• Wednesday (7/19): Housing starts, building permits
  • Earnings: TSLA, NFLX, GS, UAL

Standardized Performances for ETF mentioned above

Security futures are not suitable for all investors. To obtain a copy of the security futures risk disclosure statement Investment and Trading Disclosures Booklet – Futures.

Exchange Traded Funds (“ETFs”) are subject to management fees and other expenses. Before making investment decisions, investors should carefully read information found in the prospectus or summary prospectus, if available, including investment objectives, risks, charges, and expenses. Click here to find the prospectus.

Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See Characteristics and Risks of Standardized Options.

The post Stocks Rise Into Earnings as ‘Soft Landing’ Hopes Grow: Market Trends appeared first on Market Insights.

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 since February
• Potential resistance above 4500
• Potential support at 4400
• Index members above 20-day MA still exceed number above 50-day MA
• S&P 500 in midst of low-volatility drift, which potentially favors stock picking over index trades

Key News

• CME Fed expectations little changed since 6/14 meeting
• Tom Lee raises S&P 500 forecast to 4825. Sees inflation fading, AI boosting tech.
• Katie Stockon targets 4510 on the S&P 500
• Inflation cooling?
  • S&P Global: PMI Price index drop at fastest pace in 3 years
  • ISM manufacturing misses estimates, prices drop
  • CNBC: GM Q2 sales growth suggests supply-chain normalcy
• June consumer sentiment revised higher amid “striking upswing”

Chart Notes

• Visa May Be Attempting a Breakout
• Chevron Could Be Squeezing from its Lows
• Salesforce Has Been Snoozing
• Lower high for Philadelphia Semiconductor Index ($SOX)
• Mastercard (MA) tests new highs (earnings 7/27)
• Oracle (ORCL) holds post-earnings gap
• Rivian Automotive (RIVN) nears 200-day MA
• Boeing (BA) holds 50-, 100-day MAs after bullish inside week (earnings 7/26)
• Crude oil futures (@CL) close above 50-day MA

Mover of the Week: Trade Desk

• Ad-management software for new digital ecosystem
• Earnings, revenue beat last three quarters
• Sitting at 50% recovery from drop November 2021 to July 2022
• Potential bullish triangle at August 2022 high
• TTD + 72% YTD

Upcoming Events

• Friday (7/7): Non-farm payrolls
• Wednesday (7/12): CPI
• Thursday (7/13): PPI
  • Earnings: DAL, PEP
• Friday (7/14): Consumer sentiment
  • Earnings: JPM, C, UNH, WFC, UNH

Using the Platform

Hourly active chart uses several indicators and ShowMes

• Directional signals:
  • MACD cross days: Positive readings show MACD rising
    • Note: MACD has special settings to emulate daily signals
  • MovAvg Order: 50-hour MA vs 100-hour MA
  • New 52-week highs (white crosses on chart)
• Overbought/oversold signals:
  • RSI
  • Keltner pullback
    • Note: Updated from previous zip files

Security futures are not suitable for all investors. To obtain a copy of the security futures risk disclosure statement Investment and Trading Disclosures Booklet – Futures.

Exchange Traded Funds (“ETFs”) are subject to management fees and other expenses. Before making investment decisions, investors should carefully read information found in the prospectus or summary prospectus, if available, including investment objectives, risks, charges, and expenses. Click here to find the prospectus.

Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See Characteristics and Risks of Standardized Options.

The post Stocks Near Highs After Bullish Outside Candle: Market Trends This Week appeared first on Market Insights.

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 members above 50-day MAs
• Rotation under the surface as more companies under $100bln of market cap make new 52-week highs
• S&P 500’s move is relatively extended with index up in 6 of last 7 weeks but no reversal patterns are evident
• Transports gaining, potential “Dow Theory” signal
• April 21, 2022, high of 4513 may remain in play

Key News

• Carnival (CCL) earnings, revenue beat estimates
  • Vertical call spread followed the report
• Consumer confidence jumps to 17-month high as views of current situation improves
• Generac (GNRC) gains amid Texas grid worries
• Nvidia (NVDA) drops as The Wall Street Journal reports on potential export restrictions
• Micron Technology (MU) earnings, revenue beat
• Crude-oil inventories -9.6mln barrels vs -1.757mln estimate
  • SPR lowest since July 1983

Mover of the Week: Zillow Group (Z & ZG)

• Real-estate marketing stock jumps as housing comes to life
• Earnings, revenue and guidance surprised to the upside on May 3
• Z +63% YTD
• Still down about 75% from 2021 high
  • Z= non-voting shares
  • ZG=voting shares
• Discovered using last week’s “non-index runners” scan.
• Similar companies: EXPI, RDFN

Upcoming Events

• Friday (6/30): PCE inflation
• Monday (7/3): ISM Manufacturing
• Tuesday (7/4): Market losed
• Wednesday (7/5): OPEC meeting
• Thursday (7/6): ADP payrolls, initial jobless claims

A Floor Under Crude?

Leveraged Cyclicals in Focus

• Interest costs are fixed, allowing potential leverage if operations improve.
• Non-recessionary “soft landing” can support demand. That can help pricing and margins.
• Eventual peaking of interest rates can reduce interest expense in coming years.
• Investors see potential double-benefit of margins and credit
• Recent examples:
  • Cruise ships: CCL, RCL, NCLH
  • Airlines: AAL, UAL, DAL
  • Rental cars: CAR, HTZ
• Is the opposite process working on consumer staples like GIS?

Using the Platform

Find leveraged cyclicals:

• EV/MktCap custom indicator: Higher values = more leverage. Results must be sorted by sector because banks have leveraged business model.
• EV/MktCap can be used in RadarScreen (see “MT Main” workspace: “fundamentals” tab) and Scanner
• Potential Scan Criteria:
  • Indicator → EV/MktCap > 2 (finds leveraged stocks)
  • Indicator → Sector <> “” (displays sector)
  • Price → Last > Indicator → MovAvg 1 Line (Length = 50) (finds stocks above 50-day MA)
  • Price → %Chg → %Chg (5 day) < 10 (hides stocks up 10%+ in last week)

Security futures are not suitable for all investors. To obtain a copy of the security futures risk disclosure statement Investment and Trading Disclosures Booklet – Futures.

Exchange Traded Funds (“ETFs”) are subject to management fees and other expenses. Before making investment decisions, investors should carefully read information found in the prospectus or summary prospectus, if available, including investment objectives, risks, charges, and expenses. Click here to find the prospectus.

Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See Characteristics and Risks of Standardized Options.

The post S&P Holds Breakout as Quarter End Approaches: Market Trends This Week appeared first on Market Insights.

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 catch-up
• Junk-bond spreads are back near levels from before Fed started hiking
• 10-, 30-year Treasury yields making lower monthly highs versus May
• Potential support: August high of 4325, post-Fed low of 4338
• Potential next resistance: 4513 (weekly high from April 2022), 4637 (March 2022 high)
• Wednesday was 1st pullback to 8-day EMA since June 1

Key News

• Housing data continues to beat:
  • June NAHB sentiment 55 vs 51 estimate, 1st reading above 50 since July 2022. Sales conditions, expectations and traffic improve.
  • May Housing starts, building permits beat. Annualized starts +291K, biggest increase since 1990.
• Savita Subramanian of BofA: Stock market most rational in a decade. Sees AI boosting old-economy stocks potentially more than tech.
• Powell in Congress: Most policymakers want to hike more.
• Goldman Sachs raises 12-month S&P 500 target to 4,700, citing AI. Recession risk now seen below 50%.

Leaders & Laggards

• Tech stalls as money shifts to old-economy cyclicals
  • Industrials, materials outpacing tech this month
  • Russell 2000 outpacing Nasdaq-100 this month
• Brazil, Argentina, Mexico gaining as China stalls
• Grains rallying after Kakhovka Dam collapse. Will fertilizer stocks follow?
• Fiber-optic gains after Citi, Morgan Stanley upgrade Corning (GLW), expecting wider margins
• Euro continues higher after Powell comments

Mover of the Week: YPF Sociedad

• “Dead cow” (Vaca Muerta) fracking play comes to life for Argentine oil driller
• YPF +68% YTD

Using the Platform

Scan for non-index runners:

• On Symbol Universe exclude Nasdaq-100, S&P 500 members:
  • TradeStation Symbol Lists →  Index Components → Nasdaq Indexes / S&P Indexes
• Scan Criteria:
  • Price → % of 52 Wk High/Low > 75
  • Profitability → Revenues → Revenues (TTM) > 100
  • Indicator → Days Since 52wk HL → High < 10
  • Indicator → Industry <> “”

Security futures are not suitable for all investors. To obtain a copy of the security futures risk disclosure statement Investment and Trading Disclosures Booklet – Futures.

Exchange Traded Funds (“ETFs”) are subject to management fees and other expenses. Before making investment decisions, investors should carefully read information found in the prospectus or summary prospectus, if available, including investment objectives, risks, charges, and expenses. Click here to find the prospectus.

Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See Characteristics and Risks of Standardized Options.

The post Tech Pauses as Investors Rotate to Cyclicals: Market Trends This Week appeared first on Market Insights.

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 since November 2021
• RSI hits overbought for 1st time since August
• NAAIM survey +36 pts, biggest gain since April 7 2021
  • Mirrors big increase AAI survey the prior week
• Most new 52-week highs since April 2022
• Longer-term moving averages may limit pullbacks

Key News

• Fed pauses but signals 2 more hikes: “Hawkish pause”
  • Powell sees progress: slower GDP growth, labor market loosening, supply-chain improvements
  • “Conditions that we need to see in place to bring inflation down are coming into place […] but the process […] is going to take some time.”
• Inflation cools:
  • CPI hits 26-month low of 4% y-o-y.
  • PPI +1.1% vs +1.5% estimate
  • China PPI -4.6%, biggest drop since May 2016
  • Goldman Cuts oil outlook by 9.5% as Russia, Iran supply more
  • Goldman sees L-shaped recovery in Chinese real estate
  • CNBC: Economists expect housing inflation to slow sharply amid data quirks

Company News

• Advanced Micro Devices (AMD): New AI-focused chip coming in Q3
• Catalent (CTLT) rebounds after earnings, revenue beat
• Carnival (CCL), Norwegian Cruise Lines (NCLH) and Royal Caribbean (RCL) jump after JPMorgan sees bookings improve
• Oracle (ORCL): Earnings, revenue beat
• Health insurers drop on unexpected surgery surge
• Lennar (LEN): Earnings Revenue beat

Mover of the Week: Yext

• Earnings, revenue, guidance beat forecasts on June 6
• Content-customization software with AI features
• Little changed since April 2017 IPO
• YEXT +101% YTD

Upcoming Events

• This afternoon: Adobe (ADBE) earnings
• Friday 6/16: Quad witching, consumer sentiment
• Monday 6/19: Juneteenth market holiday
• Tuesday 6/20: Housing starts, building permits, FedEx (FDX) earnings
• Thursday 6/22: Jobless claims, existing home sales

Security futures are not suitable for all investors. To obtain a copy of the security futures risk disclosure statement Investment and Trading Disclosures Booklet – Futures.

Exchange Traded Funds (“ETFs”) are subject to management fees and other expenses. Before making investment decisions, investors should carefully read information found in the prospectus or summary prospectus, if available, including investment objectives, risks, charges, and expenses. Click here to find the prospectus.

Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See Characteristics and Risks of Standardized Options.

The post Potential Reversal Patterns After Fed’s Hawkish Pause: Market Trends This Week appeared first on Market Insights.