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Financials kick off earnings season next week, and one options trader is positioning for a breakout in the entire sector. Check out this large transaction in the SPDR Financial ETF (XLF), which holds major names like JPMorgan Chase (JPM) and Bank of America (BAC):...
The economy is roaring back to life, just in time for the Federal Reserve to keep interest rates low. No major change in policy is expected from the central bank on Wednesday. Fed Chairman Jerome Powell has repeatedly said inflation needs to go solidly above 2 percent...
Apple rallied in December after holding $120. Now it’s back and threatening to break support at that level. The price action is part of the ongoing technical weakness in the smart-phone giant. It had a false breakout in January and a trend-line failure last month....
Sentiment has changed dramatically in 2021 as investors position for a surge of economic growth. This has caused some big pivots between former leaders and laggards. This post will break down some key trends. First, the change can be explained by higher interest rates...
Financial stocks jumped yesterday, triggering a big trade in the options market. The SPDR Financial ETF (XLF) surged 5.2 percent on Tuesday, its biggest rally in more than a month. There was also heavy options volume as 60,000 contracts traded in a single transaction...
November 7, 2019: Did the tide just turn in U.S. relations with China? Consider the flood of positive news today. First and foremost, Beijing and Washington agreed to simultaneously cancel tariffs on each other. The news directly rebuffed nagging press reports this...
The yield curve flattened over the summer as fear swept the market. But now as it goes the other way, sentiment may improve in major banking stocks. The yield curve is the relationship between the two-year and 10-year Treasury notes. People buy 10-year notes when...
Emotions seem to be flipping away from caution as earnings season begins. Safe-haven sectors including utilities, consumer staples, bonds and precious metals are all lagging this week. Meanwhile "risk-on" groups like financials, semiconductors and industrials are...
Financial stocks got hammered yesterday, and someone's watching a key level. Check out this giant put spread in the SPDR Financial ETF (XLF), which holds key names like Bank of America (BAC) and JPMorgan Chase (JPM): 72,540 November 26 puts were bought for...