Sunday, May 5, 2024

The Nasdaq-100 Rebounds After a Brutal January: What Does the Chart Say?

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The Nasdaq-100 has rebounded following a sharp drop. It's a good time to consider where things stand with the tech-heavy index. First, Wednesday's close represented almost exactly a 50 percent retracement of the decline from...

Bulls in the China Shop? Call Buyers Just Piled Into Alibaba

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Most stocks have been under pressure lately, but there could be bulls in the China shop. E-commerce giant Alibaba (BABA) surged 15 percent to $119.62 despite the S&P 500 sinking more than 1 percent. The...

Chart of the Day: Is This Semiconductor Stock Rolling Over?

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Nvidia had a sharp countertrend rally two weeks ago, but now the chip giant may be rolling over. Prices jumped over $183 on May 27. They remained above that level and started making lower highs...

Chart of the Day: Tight Consolidation in Semiconductor Equipment Stock

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Semiconductors have outperformed lately as investors get excited about demand from artificial intelligence (AI). Today’s chart considers equipment supplier Lam Research . The first pattern is the rising 50-day simple moving average. LRCX has consolidated...

Are Metals Quietly Breaking Out?

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Most attention this week is focused on hopes of pro-business tax reform in Washington ...meanwhile investors seem to be shifting money into an industry outside the current spotlight: Metals. The SPDR S&P Metals & Mining Fund...

Gold Jumps on Korean News, Dovish Fed

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Gold futures are on pace for their best session since early April amid Korean jitters and a weaker dollar.

Someone’s Digging for Gold in the Options Market

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Precious metals are bouncing today, and someone's trying to leverage the move with options. Approximately 27,000 October 11 calls were purchased this morning in Goldcorp (GG). The initial blocks fetched $0.15, before the demand lifted...

Options Alert: Massive Call Volume Detected in Global Mining Giant

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Metal stocks have jumped lately, and one options trader is apparently looking for upside in a key global producer. Check out this unusual activity in Vale (VALE), the Rio de Janeiro-based mining giant: 26,000 January 14...

Chart of the Day: Is This Forgotten Agricultural Stock Quietly Breaking Out?

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The rise of inflation has investors quietly returning to many commodity-related stocks that were popular 2003-2007. One of them is Bunge. Earlier this month, the soybean processor touched its highest level in over 13 years....

Medical device giant targeted for breakout: Options recap

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Medical-device giant Medtronic (MDT) has gone nowhere for the last two years, but options traders are looking for a breakout. About 25,000 August 90 calls were bought on Tuesday for $0.74 -- pretty noteworthy for...
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