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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 May 22. The price also rallied through its 50- and 200-day moving averages in...
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 the Financial Services Committee such as Maxine Waters are likely to...
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 year. The trio has quietly outperformed the broader...
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 in the last five weeks and saw the index push above...
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 in a single second during the...
"Bull markets climb a wall of worry." The old adage proved true again today as the S&P 500 breaks out to new highs. Investors ended last week fearing higher tariffs against China before the G20 Summit in Osaka. Then President Trump withdrew the threat after...
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) continued its strong bullish trend with a breakout above...
Today's the last day of the second quarter. A pair of blue-chip disruptors led the market higher during the period. Walt Disney (DIS) and Microsoft (MSFT) were the best performers in the Dow Jones Industrial Average since the end of March. DIS surged 25 percent as it...
Monetary policy is changing, and it's fueling a monster rally in gold-mining stocks. The Market Vectors Gold Miners ETF (GDX) has gained 18 percent since the beginning of June. That puts it on pace for the biggest monthly gain since April 2016. "Uncertainties about...