Friday, May 3, 2024

Big Tech Goes to Capitol Hill for Busy Day of Hearings

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Big technology companies face not one. Not two. But, three hearings in Congress today. Representatives from Facebook (FB), Alphabet (GOOGL), Amazon.com (AMZN) and Apple (AAPL) are scheduled to appear before the House of Representatives...
Stocks Break Out as Jerome Powell Keeps the Party Going

Stocks Break Out as Jerome Powell Keeps the Party Going

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Stocks broke out to new highs last week as Jerome Powell kept the party going. The S&P 500 rose 0.8 percent to close above 3,000 for the first time ever. The Dow Jones Industrial Average...
South American Oil Giant Gets Big Vote of Confidence: Options Recap

South American Oil Giant Gets Big Vote of Confidence: Options Recap

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Brazilian markets are running higher, and yesterday an investor placed a big vote of confidence in the nation's most important stock. A large put sale occurred in Petrobras (PBR) minutes after the opening bell. The...

Monex Crypto Market Weekly: July 12

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This post is a translation of the weekly cryptocurrency analysis by Crypto Lab, a wholly owned subsidiary of Monex Group (Tokyo, Japan). Monex is the parent of TradeStation Group. Due to the difference in time zone,...

Brazilian ETF Rips Higher on Hopes of Major Pension Fix

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Brazil's soccer team isn't the only winner in the country this month. Its pro-business President is also nearing his first big victory, and the stock market's loving it. The iShares MSCI Brazil ETF (EWZ) has...

Oil Back Over $60 as Bearish Story Fades

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Oil crashed less than two months ago as bearish factors piled up. Now the process seems to be going into reverse. Crude oil futures (@CL) held above $60 on Wednesday for the first time since...
Jerome Powell Has to Walk a Fine Line in Congress Today

Jerome Powell Has to Walk a Fine Line in Congress Today

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U.S. Federal Reserve Chair Jerome Powell begins two days of testimony in Congress today. It will be closely watched with some key issues at stake. The event begins at 10 a.m. ET. Leading members of...
Trio of FANG Stocks Flirt With Breakouts as Big Events Approach

Trio of FANG Stocks Flirts With Breakouts as Big Events Approach

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Remember FANG stocks? Three members of this elite club may be flirting with breakouts before some big events. Netflix (NFLX), Facebook (FB) and Amazon.com (AMZN) are less than 1 percent from their highs for the...
Stocks Begin July With a Bang as Fears Keep Getting Proven Wrong

Stocks Begin July With a Bang as Fears Keep Getting Proven Wrong

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Stocks kept rising last week as one bearish narrative after another vanished. The S&P 500 climbed 1.65 percent in the holiday-shortened period between Friday, June 28, and Friday, June 5. It was the fourth gain...
Options Trader Looking for Volatility Spike in Key Airline

Options Trader Looking for Volatility Spike in Key Airline

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Someone thinks activity is going to get more interesting in the world's biggest airline. Options activity spiked in American Airlines (AAL) yesterday, with one transaction accounting for more than half the volume. Here's what happened...
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