Friday, May 10, 2024

Trump tariffs and chart patterns

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Trump tariffs are back in the news today as the White House threatens duties on European cars. It's a good time to review the...

Crude oil may be stabilizing before OPEC

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Disclosure: This post is intended for educational purposes and should not be considered a trade recommendation. Energy may be stabilizing, even as OPEC prepares to...

Just How Bad Is the Mess Overseas?

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Just how bad is the mess overseas? Pretty bad and likely getting worse. Global stocks are lagging domestic small caps by their worst ratio since...

Options action: How red can a blue chip get?

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Disclaimer: This post is intended for educational purposes and is not a trade recommendation. Options trading may not be suitable for all investors. It was...

Social giant sneaks to new high

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Something important happened last Thursday, and few people seemed to notice. Facebook (FB) hit a new 52-week high above its February peak of $195.32. The...

The scramble for China continues

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Google is joining the scramble for China. The Silicon Valley-based search giant bought a 1 percent stake in JD.com (JD), China's No. 2 e-commerce company. JD's...

Last week was calm as confidence grew

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Despite a lot of news, last week was the quietest of the year. The S&P 500 moved less than 30 points between its low and...

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,...

Silver may be nearing a breakout

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Something bullish may be brewing in silver. The TradeStation platform shows silver futures (@SI) up 3 percent in the last two months. Gold futures (@GC),...

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...
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