Wednesday, May 8, 2024
Energy Bulls Still Looking for Oil Sands Breakout: Options Recap

Energy Bulls Still Looking for Oil Sands Breakout: Options Recap

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Options traders are targeting an obscure Canadian energy stock as oil pushes to its highest level in over four months. Check out the surging call volume yesterday in Cenovus Energy (CVE), which extracts crude oil...

Monex Crypto Market Weekly: March 29

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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. Summary Bitcoin (BTC) started the week soft...

Homebuilders Gaining as Market Looks for Brighter Future

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Housing stocks are on the move as Wall Street looks for a rebound in the industry. The iShares US Home Construction ETF (ITB) is up more than 2 percent in the last week. That makes...

Why Stocks Move: Strategic Actions

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This is the final post in a seven-part series on the catalysts for stock movements. It’s based on a series of talks at TradeStation’s Master Class learning sessions.  Companies are not just businesses. They're also corporate entities with...
Energy Bears Chase Downside in Ocean Driller: Options Recap

Energy Bears Chase Downside in Ocean Driller: Options Recap

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Someone seems to think the downside will continue in a debt-laden energy stock. McDermott (MDR), a provider of services like offshore drilling and engineering, has lost about two-thirds of its value in the last year....
Gold Miner ETF Shines With Market Dreading a Slowdown

Gold Miner ETF Shines With Market Dreading a Slowdown

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The Market Vectors Gold Miners ETF (GDX) is rallying as investors worry about growth and interest rates fall. GDX is up about 2 percent since last Friday, making it one of the best-performing major exchange-traded...

Monex Crypto Market Weekly: March 22

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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. Summary Bitcoin (BTC) followed a quick rally...
Bears Place Bets Against Macau Casino: Options Recap

Bears Place Bets Against Macau Casino: Options Recap

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A Chinese casino operator is struggling at resistance, and bearish options traders are betting on a drop. Melco Resorts & Entertainment (MLCO) has been trapped around $23.50 for the last month. That level was also...
Confidence Keeps Spreading in this Favorite Corner of Tech

Confidence Keeps Spreading in this Favorite Corner of Tech

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Semiconductors are ripping as evidence keeps suggesting a rebound is coming soon. The Philadelphia Semiconductor Index ($SOX) has surged almost 9 percent since the beginning of last week. That's more than twice the gain of...

Futures Expert Sees Breakout Potential For Gold At Key Level

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Gold may be able to extend its rally if it breaks through a key level now being tested. That was the verdict from John Hoagland at TopstepTrader. Gold futures (@GC) have spent six days at...
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