Friday, April 26, 2024

How Low Can Oil Go?

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Energy just had its worst month in decades, and the bears are still in control. Crude oil futures (@CL) dropped 7.2 percent yesterday, their biggest...

The Nuclear Option? Inflation Has Call Buyers Rushing Back to This Uranium Stock

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Forget about lumber. Options traders looking to play inflation have rediscovered Cameco, a once-popular uranium miner. Call volume in CCJ totaled 3.6 million contracts in...

The Dollar Is Dropping Sharply, Lifting Global Stocks and Commodity Plays

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All of a sudden, weak-dollar trades are working. At least 26 foreign-country exchange-traded funds are outperforming the S&P 500 and Nasdaq-100 so far this year,...

Are There Winners from the Selloff in Oil?

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Oil just had its biggest drop in at least four years, and winners may be emerging. Airlines are one of the best-performing groups recently, according...

Stocks Just Had Their Best Month in a Year as Strong Earnings Drive Away...

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Stocks just finished their best month in a year as strong quarterly results melted a bubble of extreme negativity. The S&P 500 finished October up...

Is Energy’s Long-Term Downtrend Resuming?

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Energy stocks have rallied since November, but signs of exhaustion could be appearing. The SPDR Energy ETF (XLE) fell more than 3 percent today and...

Chart of the Day: Exxon Mobil Has Pulled Back

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Exxon Mobil has steadily advanced for more than a year, and its current pullback may interest trend followers. The first pattern on today’s chart is...
Tesla or General Motors? Check Out This Stunning Chart

6 Reasons Why Last Week’s Pullback Wasn’t All That Bearish

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Stocks dipped last week, but there are several reasons why it wasn't terribly bearish. Stocks were overbought.The S&P 500 held important levels."Risk-on sectors" were strong."Safe...

Bears Won’t Say Good-Bye to Energy Space: Options Recap

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Someone's bracing for more bad news in one of the market's weakest sectors. Energy stocks, on average, have lost twice as much value as the...

Chart of the Day: More Downside in Energy ETF?

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Energy was the only the only major sector to fall last month. Is there more downside risk? The first pattern on today's chart of the...
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