Market Insights
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Options Alert: Calls Surge in Flying Taxi Stock
Joby Aviation has jumped on a stream of positive headlines, and options traders are looking for more upside in the flying-taxi innovator. This unusual activity was detected yesterday in the company, which is developing battery-powered aircraft for an app-based...
Technical Analysis: Exxon Mobil Could Be Stalling
Energy stocks have dominated the market this year, but now the biggest of the bunch is showing signs of weakness: Exxon Mobil. The first pattern on today’s chart is the jump following strong quarterly results on July 29. While that may have been impressive, it soon...
Where’s the Fear? VIX Keeps Sliding as Big Events Fail to Lift Volatility
Cboe's "fear index" hasn't been showing a lot of panic lately. The Volatility Index ($VIX.X) declined steadily between mid-June and late July. That six-week slide was the longest negative streak since late 2019, according to TradeStation data. It's up slightly this...
Stocks Leapt Higher in July, But Will the Rally Continue this Month?
Stocks just finished their best month in over a year. Can they keep running in August? The S&P 500 climbed 4.3 percent in the week between Friday, July 22, and Friday, July 29. That helped lift the index 9.1 percent in July, giving the index its biggest monthly...
Chart of the Day: Chinese Electric Car Stock Rallies and Pulls Back
Most Chinese stocks remain well below their 52-week highs, but not Li Auto. Let's consider some of the patterns on the Beijing-based maker of electric cars and SUVs. First you have the level around $33. It was the opening price on December 3 when news of Didi's...
The Fed Hints at Peak Hawkishness Following Another Huge Interest Rate Hike
The Federal Reserve may have reached "peak hawkishness" after seven months of embracing tighter monetary policy. The central bank raised the target for its interest rates by 75 basis points today. The move matched expectations and mirrored a similar historic increase...
Options Alert: Mega Call Spreads Target Historic Level in Brazilian Energy Stock
For the second session in a row, options traders targeted a key level in South American oil driller Petrobras. Check out this large bullish call spread Monday in Rio De Janeiro-based PBR: A block of 40,000 January 14 calls was purchased for $0.50. An equal number of...
Technology & Communication
Technical Analysis: What If Apple Holds This Price Level?
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...
Is Real Estate ETF a Stealth Technology Trade?
Believe it or not, real-estate investment trusts (REITs) are leading the market this month. The SPDR Real Estate ETF (XLRE) is up 1.8 percent so far in May. That contrasts with a 2.4 percent drop for the broader S&P 500 over the same period. Even more surprising,...
Glass Seems Half Full in Big Tech: Earnings this Week
Investors stayed bullish on big technology stocks in the last week, even when their results missed estimates. Cisco Systems (CSCO), Take-Two Interactive Software (TTWO) and Booking (BKNG), and JD.com (JD) all rallied after reporting quarterly numbers. Some beat...
Good News Shrugged Off: Earnings This Week
Investors are looking past good quarterly results and punishing stocks that missed estimates. In the last week, companies like Walt Disney (DIS), Allergan (AGN), Electronic Arts (EA) and KLA Tencor (KLAC) beat estimates, only to drift or fall. The tepid response comes...
Solar ETF Shining as Rest of Market Dives Lower
The S&P 500 had its worst day in over a month, but one forgotten corner of the market was shining. The Invesco Solar Energy ETF (TAN) rose 2.35 percent on Tuesday, bucking a drop of 1.65 percent for the broader S&P 500. TAN's gain of almost 4.2 percent in the...