Saturday, December 9, 2023

Pulling back or petering out?

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Is this a pullback to buy, or is the market petering out? That's the question traders may be asking today. The S&P 500 fell 0.9...

Technical Analysis: Netflix Shares Are Inching Toward a Big Price Gap

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Does anyone remember Netflix? After losing three-quarters of its value between November and May, the streaming-video stock may be trying to claw its way...

Where options traders are mining for a rally

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Someone wants to turn iron into gold with options. Here's the large bullish trade detected yesterday in Cleveland-Cliffs (CLF): 25,000 August 8 calls bought for...

Small Caps Are Struggling: Check Out This Technical Analysis

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The S&P 500 keeps hitting new highs, but the Russell 2000 small cap index hasn’t been so fortunate. RUT has gone almost four months without...

This Currency May Be Getting Ready to Jump as the Greenback Weakens: Technical Analysis

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The Australian dollar has squeezed into an increasingly tight range all year. Futures traders may want to be ready in case a breakout occurs. First,...

Chart of the Day: Is Bitcoin’s Long Slide Finally Ending?

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Bitcoin has been under pressure since early November, but now the top cryptocurrency may be showing signs of turning higher. The first pattern on this...

Fear sweeps energy market before OPEC meeting

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The Russians are coming, the Russians are coming... coming back to the energy market that is. Crude oil futures (@CL) fell almost 3 percent today,...
Tesla Battery Day: Musk Could Present Bigger Cells, Dry Electrodes

Chart of the Day: Does Tesla Need to Recharge its Batteries?

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Tesla rallied more than 50 percent from its lows of the year through earlier this week. But now it may be running out of...

Technical Analysis: Can Caterpillar Hold Its Gains?

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Caterpillar has been leading a rally in industrial stocks, but now some traders may expect a pullback. Notice the gap to new record levels on...

This Food Delivery Stock Has Pulled Back: Chart of the Day

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DoorDash has fought its way higher since the spring on signs of widening adoption. Now the delivery company may be presenting an opportunity after...
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