Thursday, May 2, 2024

Options Alert: Call Spread Targets New Highs in AMD

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Advanced Micro Devices has climbed in the last two weeks, and options traders are looking for more gains through mid-November. Heavy volume was detected yesterday in two calls expiring next month. The trades occurred in...

Energy Could Be Stabilizing as Focus Shifts to European Natural Gas Crunch

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Energy stocks fell sharply in June as investors took profits on 2022's best-performing sector. Now they could be stabilizing as inventories tighten and Europe faces potential shortages. The S&P Energy Select Sector Index ($SIXE.X) rose...

Chart of the Day: Tight Consolidation, Golden Cross in Top Solar Stock

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Solar energy has been one of a few bright spots in this bearish market. Today we’re looking at the company in the group with the largest market cap: Enphase Energy (ENPH). The first pattern on...

Breakout or Breakdown? Events This Week Could Set Market Direction

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Stocks face major tests this week as investors brace for inflation data, a potential autoworker strike and the expected introduction of new iPhones. The S&P 500 fell 1.4 percent in the holiday-shortened week between Friday,...

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

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Advanced Micro Devices has bounced sharply from its early-July lows, but some patterns could be pointing lower for the chip stock. The first pattern on today’s chart is the descending parallel channel that’s been in...

Stocks Keep Advancing as Economic, Inflation Hopes Draw Investors Back to the Market

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Stocks advanced again last week as inflation-wary investors keep inching back into the market. The S&P 500 rose 0.36 percent between Friday, July 29, and Friday, August 5. It was the third straight weekly advance,...

Technical Analysis: Hotel Giant Could Be Attempting a Breakout

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Marriott has gone essentially nowhere since the pandemic began almost three years ago. But now the hotel giant could be getting ready to move. The first pattern on today's chart is the tight consolidation over...

Options Alert: Trader Looks for More Upside in Chinese Tech Stock

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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...

Health Care Leads New Highs as the Stock Market Recovers

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Something new happened in the stock market yesterday following a month of steady gains: some names are breaking out. Twenty three members of the S&P 500 made new 52-week highs on Monday. That was the...

Is Tesla Overvalued? Check Out These Stunning Comparisons to GM and Ford

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Tesla is one of the market's most active companies for stock and options traders. It could also look most expensive by various measures, but is it overvalued? This article will address the question by comparing Elon...
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