Friday, April 19, 2024

Chart of the Day: Are Regional Banks Turning Higher?

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Regional banks had a big surge in late 2023. Now, after a period of consolidation, some traders may expect further gains. The first pattern on today’s chart of the SPDR S&P Regional Banking ETF is...

Stocks Make a 3rd Monthly Record as Buyers Rotate Away from Growth

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Stocks hit a new record for the third straight month in March, but there was significant rotation away from growth names and technology The S&P 500 rose 3.1 percent, outpacing the Nasdaq-100 by 1.9 percentage...

Energy Stocks Pull Back But Are Still Leading This Year

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Energy stocks have led the market this year, and now they've pulled back. The S&P Select Energy SPDR fund (XLE) jumped to $98.97 last Friday -- the highest level in almost a decade. It pulled...
Fintechs Like Square and PayPal Seem to Be a New Hot Spot This Year

Bitcoin Rips Higher on Square News

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Summary President Donald Trump’s tweet about a suspension of stimulus talks sent world markets seesawing.Square (SQ) converted $50 million into Bitcoin (BTC) Global markets went on a roller-coaster ride this week following news that President Donald...

Options Alert: Traders Position for Potential Drop in Uranium Miner

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Uranium miner Cameco has been stuck at an old high, and one big options trader is bracing for a potential drop as earnings approach. This large transaction was detected yesterday in CCJ, unfolding in several...

Is Tesla Overvalued? Check Out These Stunning Comparisons to GM and Ford

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Tesla is one of the market's most active companies for stock and options traders. It could also look most expensive by various measures, but is it overvalued? This article will address the question by comparing Elon...

Bullish, Neutral, Even Bearish: 3 Ways Options Traders Can Use Covered Calls

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Editor's note: This article was originally published on July 16, 2021. Covered calls are one of the most common strategies for options traders. While many investors have heard of them, they may not realize that covered...
Bitcoin's Pros and Cons: Scarcity, Volatility, Institutional Adoption

Scarcity vs. Volatility: Some Pros and Cons of Bitcoin Following the Latest Pullback

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Bitcoin has pulled back following a sharp rally. It's a good time to consider the cryptocurrency's pros and cons as it gains prominence in financial markets. This story will consider potential benefits and risks...

What Are the Top Contracts for Futures Traders?

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(This post was updated March 20, 2023.) Futures are derivatives that track products like the S&P 500, crude oil, Treasury bonds and gold. Traders use futures to position for rallies and drops, with the ability to...

Key Points About Selling Credit Spreads

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A previous post covered debit spreads, when you pay a debit looking for a stock or ETF to move in a certain direction. Credit spreads are just the opposite, with traders collecting premium up...
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