Market Insights
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Bullish, Neutral, Even Bearish: 3 Ways Options Traders Can Use Covered Calls
Covered calls are one of the most common strategies for options traders. While many investors have heard of them, they may not realize that covered calls are highly versatile. This article will cover how the method can be bullish, neutral and even bearish. First,...
Chart of the Day: Is This Chip Stock Rolling Over?
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 effect most of the year. AMD’s latest highs...
Stocks Tumble as Fed’s Powell Promises to Crush Inflation
Stocks fell again last week as the Federal Reserve emphasized its plans to crush inflation with higher interest rates. "Reducing inflation is likely to require a sustained period of below-trend growth," Fed Chairman Jerome Powell warned investors on Friday morning. He...
Stocks Pause as Investors Brace for the Fed to Stay Hawkish
Stocks are pausing as investors brace for potentially hawkish news from the Federal Reserve this week. The S&P 500 fell 1.2 percent between Friday, August 12, and Friday, August 19. It was the first drop in the last five weeks as the index stalled at a resistance...
Chart of the Day: Does Tesla Need to Recharge its Batteries?
Tesla rallied more than 50 percent from its lows of the year through earlier this week. But now it may be running out of juice. The main pattern on today's chart is the price area around $939. It was the opening price on May 5 before TSLA knifed under its 200-day...
Health Care Leads New Highs as the Stock Market Recovers
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 most since April 21, according to TradeStation data. Six of...
Has Inflation Passed Away? Stocks Keep Climbing as Price Gains Slow
Stocks just had their longest winning streak of the year as inflation cooled and investors plowed cash back into the market. The S&P 500 rose 3.3 percent between Friday, August 5, and Friday, August 12. It was the index's fourth straight weekly gain, its longest...
Technology & Communication
Chart of the Day: Potential Uptrend in DraftKings
DraftKings spent four months digesting a strong first half. Now after a rally and pullback, traders may see more upside in the sports-betting stock. The first pattern on today's chart is the August peak of $34.49. Strong earnings propelled DKNG through that level in...
Podcast: Investors Chasing Stocks As the Other Shoe Fails to Drop
Facebook, Twitter and Microsoft are leading a rally in technology stocks. Some companies are repairing damage from last year, while others just keep innovating. The podcast also highlights some newer companies you may not know.
Big Tech to the Rescue! Earnings this Week
The bears may have to wait before they get their pullback. That's how earnings season has shaped up so far. Big technology companies like Facebook (FB) and Microsoft (MSFT) surged higher after beating estimates. Several major industrials and notable consumer stocks...
Can Internet ETF Break Out as Big Tech Stocks Announce Earnings?
Major Internet stocks are running as investors prepare for a crowd of earnings. The First Trust Dow Jones Internet ETF (FDN) is challenging its old highs from 2018, hours before Facebook (FB) and PayPal (PYPL) announce quarterly results. Other big names like...
Some of 2018’s IPOs Have Pulled Back As Uber Deal Approaches
Initial public offerings (IPO) are taking a pause before Uber's (UBER) huge deal next month. That makes it good time to review some of last year's deals. Several companies that went public in early 2018 or late 2017 have pulled back after pushing to new highs in...