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Two key energy charts are challenging important levels as investors and analysts look for prices to keep rising. First is the weekly price of CME's WTI Crude Oil Futures (@CL), which recently approached $85.50. That was near a peak from October 2018, which at the time...
Stocks just finished their best month in a year as strong quarterly results melted a bubble of extreme negativity. The S&P 500 finished October up 6.9 percent at a new all-time high. It was the biggest monthly gain since November 2020, with over three-quarters of...
Quarterly results from Apple, Amazon.com and Facebook came up short this week, but Microsoft and Alphabet jumped to new highs. It was the busiest period of earnings season, with five of the market's six biggest companies issuing numbers. (Tesla was last week.) Most...
If there's one message from this month's earnings reports, it could be that "automakers are back." A powerful combination of forces seems to be lining up for companies like Tesla (TSLA), General Motors (GM) and Ford Motor (GM): Tight supply and broad demandImproving...
Seagate Technology has spent the last five months pulling back. But now it may be turning around. The main pattern on today's chart is the descending trendline that started in May and ran along the peaks of August and September. Notice how STX closed above that line...
Tesla and Cboe's volatility index -- the "fear gauge" -- closed at two important levels today. First, Elon Musk's electric-car maker ended the session at $893. That's slightly below the all-time record of $900.40 early this year. However it was the highest closing...
The reopening trade is back with vengeance, with investors shifting to energy and financials as coronavirus infections plummet into yearend. The SPDR Energy Fund (XLE) has gained 20 percent since the market peaked on September 2. Financials (XLF) are up 5 percent over...
The last year for Chinese technology stocks has been nothing short of a nightmare. But now there could be signs of a turn in the KraneShares CSI China Internet ETF, which holds key names like Tencent and Alibaba. The 8-day exponential moving average was under the...
Forget about lumber. Options traders looking to play inflation have rediscovered Cameco, a once-popular uranium miner. Call volume in CCJ totaled 3.6 million contracts in September, almost 4 times the previous record. After a pause in early October, activity surged...