Monday, April 29, 2024

Tech and FANG Languish as Sentiment Shifts

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FANG seems to be losing its mojo along with the rest of tech as sentiment shifts in the market. FANG, if you don't know, stands for Facebook (FB), Amazon.com (AMZN), Netflix (NFLX) and Alphabet (GOOGL)....

Long-Term Bulls Are Active Today: Options Recap

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Cell phones and natural gas. Those are some big trades in the options market today. Let's start with Sprint (S), which saw the purchase of 20,000 May 7 calls for $0.50 and the sale of...

Guess What Index Just Had a Great Week

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Transportation stocks just had their best week in a year. The Dow Jones Transportation Average ($DJT) advanced 4.35 percent since the close on Friday, November 23. Big names like Union Pacific (UNP), Delta Air Lines (DAL)...

This Week’s Market Action: October 29

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Did you miss this week's Market Action webinar with David Russell and Don Pratl? Here's a link to the summary, and the replay is found below. Market Action is fast-paced, all-encompassing breakdown of big trades, sectors,...

Don’t Worry, October’s Almost Over

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Here's one good thing you can say about October: It's almost finished. The S&P 500 is in the midst of its worst month since early 2009, down almost 9 percent since the end of September....

Is the Global Picture Brightening?

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Global stocks have been a hot mess all summer, but some recent events may suggest the tide is turning. Over the weekend, for instance, China allowed its currency to appreciate against the U.S. dollar. That's...

Big Tech Slammed Again As Rotation Continues

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As the saying goes, the bigger they are, the harder they fall. That seems to be the case in technology stocks this week as large-cap members of the big indexes get hammered while other parts...
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