Market Insights
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Stocks Keep Sailing as Volatility Eases
Stocks are sailing higher as the AI boom continues, with few signs of volatility on the horizon.
Chart of the Day: Mega Candle in Johnson & Johnson
Johnson & Johnson is often a dull stock, but it had some exciting price action yesterday. The health care giant dropped 1 percent in the initial seconds of trading, undercutting Friday's low. Buyers immediately came out of the woodwork, driving the stock to its...
Investors Shift to Safe Havens, Shunning Riskier Stocks as the Fed Taper Approaches
The S&P 500 fell yesterday, but a new kind of stock seems to be breaking out. Consumer staples, real estate investment trusts and utilities hit new 52-week highs on Monday, based on analysis of the SPDR funds tracking each sector. Meanwhile economically sensitive...
Stocks Explode Higher as Tech Buyers Pounce on Omicron Pullback
Stocks just had their best week since February as buyers defied worries about the omicron variant, amassing technology stocks and reopening plays. The S&P 500 rose 3.8 percent between Friday, December 3, and Friday, December 10. The index established a new...
Metaverse, Cybersecurity, Big Data: A New World of Tech Stocks Has Emerged
Even before coronavirus fueled demand for technology, a new set of innovative growth stocks were emerging. Today we'll focus on some lesser-known companies in the emerging worlds of cybersecurity, big data, online marketing and virtual reality. It could be an...
Crocs Is Trending Higher: Technical Analysis
Footwear stock Crocs has been in a steady uptrend since the market bottomed in March 2020. Now it's pulled back and may be interesting to swing traders. The first pattern on today’s chart is the 50-day moving average. CROX tested it on Friday and Monday, closing above...
Options Alert: Another Mega Call Roll as Ford Motor Challenges the Historic $20 Level
Options traders are sticking with the same upside strategy as Ford Motor challenges multidecade highs. Here's the activity yesterday: Roughly 30,000 December 21.50 calls were sold for $0.10 against open interest of 10,601 contracts.A matching number of December 21...
Technology & Communication
Technical Analysis: ON Semi’s Breakout and Pullback
ON Semiconductor is one of the few chip stocks to hit new highs this summer. It then pulled back along with the rest of the market, and is now bouncing. The first pattern on today's chart is the falling trendline along the peaks of January, March and June. ON broke...
Looking Behind the Numbers as Stocks Test Old Highs
The S&P 500 hit a new all-time high yesterday, slightly above its previous record in January. Many things have changed since that previous peak. Then, stocks drifted upward in a mindless and complacent bubble. Now, they've proven themselves with two strong...
Big Trade in a Little Gaming Stock: Options Recap
A small gaming stock has pulled back hard following a big rally, but now the bulls are back. Remember Scientific Games (SGMS)? It's a provider of gambling-technology like slot machines and lottery systems. But it was also viewed as a key beneficiary to the U.S....
Stocks Keep Climbing as Confidence Builds
Stocks keep inching higher as confidence builds. The S&P 500 rose 0.6 percent between Friday, August 10, and Friday, August 17. It was the seventh positive week in the last eight, and the second-highest weekly close in history. The big stories are the U.S. economy...
Here’s How Much Money Someone Made in Apple on Friday
There's a reason why people trade options in Apple (AAPL). Check out this massive call spread that took shape in the tech giant during Friday's session. Roughly 81,400 August 215 calls were purchased in thousands of small blocks. Buyers paid $1.03 on average. A...