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Energy
Oil’s Fundamentals Could Be Weakening After a Big Surge

Oil’s Fundamentals Could Be Weakening After a Big Surge

Energy stocks and crude oil were among the market's best performers in the third quarter, but fundamentals may be weakening. The sector started climbing in late June as Energy Department data showed crude-oil inventories remaining near long-term lows. The Strategic...

Chart of the Day: Will Crude Oil Run Again?

Chart of the Day: Will Crude Oil Run Again?

Crude-oil futures are having their worst week since March, but some traders might think about buying the pullback. The first pattern on today’s chart is the price area around 83.50. It represented the peak in December and April. It’s also near the spot where ... For...

Options Alert: Bulls Remain Active in Key Uranium Name

Options Alert: Bulls Remain Active in Key Uranium Name

Uranium miner Cameco has rallied along with the price of the radioactive metal, and at least one big options traders is looking for the move to continue. This unusual activity was detected yesterday in the Canadian company: 10,000 October 42 calls were purchased for...

Breakout or Breakdown? Events This Week Could Set Market Direction

Breakout or Breakdown? Events This Week Could Set Market Direction

Stocks face major tests this week as investors brace for inflation data, a potential autoworker strike and the expected introduction of new iPhones. The S&P 500 fell 1.4 percent in the holiday-shortened week between Friday, September 1, and Friday, September 8....

Chart of the Day: Exxon Mobil Has Pulled Back

Chart of the Day: Exxon Mobil Has Pulled Back

Exxon Mobil has steadily advanced for more than a year, and its current pullback may interest trend followers. The first pattern on today’s chart is $104.76, XOM’s previous all-time high from 2014. Notice how this level was ... For more,...

Negatives Are Piling Up in This Year’s Only Positive Sector

Negatives Are Piling Up in This Year’s Only Positive Sector

Energy stocks are the only positive sector in 2022, but they're ending the year under a cloud of negativity. Crude oil futures (@CL) have fallen 13 percent so far in December, putting them on pace for their biggest drop in over a year. They're down in six of the last...

Three Potential Signs of a Turn, Even After Stocks Had Another Bearish Week

Three Potential Signs of a Turn, Even After Stocks Had Another Bearish Week

Editor’s note: This article was originally published on April 6, 2020. Stocks fell again last week, but there may be signs the market is starting to see light at the end of the coronavirus tunnel. The S&P 500 slid 2.1 percent between Friday, March 27, and Friday,...

Diagnosing the Coronavirus Selloff: Just How Bad Is It?

Diagnosing the Coronavirus Selloff: Just How Bad Is It?

Editor's note: This article was originally published on February 25, 2020. Stocks continued their selloff on Tuesday as coronavirus spreads around the world. Here are some facts on what it means for your money. First, this pullback is now a "big one." The S&P 500...

One Bearish Story After Another Seems to Be Hitting Crude Oil

One Bearish Story After Another Seems to Be Hitting Crude Oil

Editor's note: This article was originally published on January 22, 2020. Energy may be resuming its downtrend as one bearish story after another piles up. Crude oil futures (@CL) are down for the third straight week. That's the longest losing streak since they last...