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Citi has been fighting higher since Christmas, and one big investor seems to think the move will continue. Check out this unusual options activity in the banking giant yesterday: 22,000 January 45 calls traded for $5.25.22,000 January 45 puts changed hands for $0.01....
Most people know that technology stocks ended 2022 on a weak note. But they may not realize one group started to outperform: chipmakers. The first pattern on today’s chart of the Philadelphia Semiconductor Index is the falling trendline along the highs of last year....
Chinese technology stocks have been jumping, and one options trader is positioning for the move to continue. Check out this unusual activity this afternoon in e-commerce company JD.com (JD): Some 5,000 February 70 calls were purchased for $4.01.At the same time, the...
Oracle has performed better than most technology and software companies, and now it may be attempting a breakout. The first pattern on today’s chart is the triangle that took shape in December. Prices ended 2022 slightly above the top, and buyers jumped in yesterday....
Royal Caribbean Cruises drifted higher since the summer, but now it may be rolling over. The first pattern on today’s chart is the level around $61.45, where the leisure stock bottomed in March before proceeding to new lows. RCL peaked around that price on November 15...
Energy stocks are the only positive sector in 2022, but they're ending the year under a cloud of negativity. Crude oil futures (@CL) have fallen 13 percent so far in December, putting them on pace for their biggest drop in over a year. They're down in six of the last...
Megacap technology stocks like Apple have dragged on the market amid disruptions in China. But what if the iPhone giant manages to bounce? Could it give the bigger indexes a boost? The main pattern on today’s chart is the $140 level. This price first had importance on...
Amazon.com has declined along with the broader Nasdaq-100. But other consumer-facing companies have fared much better. The chart below compares AMZN with competing retailers. It uses percentage-change charts with a six-month interval. Notice how the e-commerce giant...
Editor’s note: This article was originally published on April 6, 2020. Stocks fell again last week, but there may be signs the market is starting to see light at the end of the coronavirus tunnel. The S&P 500 slid 2.1 percent between Friday, March 27, and Friday,...