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The Federal Reserve turned hawkish yesterday, and reopening stocks are paying the price today. Steelmakers, energy drillers, banks and transports lead the selling. Copper futures are down more than 8 percent this week, their biggest drop since March 2020. Corn,...
The two largest companies in their industries had bullish options activity today: Intel and Vale. Intel (INTC), the world's biggest semiconductor maker, saw heavy call buying shortly after the opening bell. Traders initially purchased the 25-June 62 calls for $0.10 to...
Value stocks and reopening plays have been the main themes in 2021, but now the bulls seem to be returning to Big Tech and the Nasdaq-100. The yellow histogram on this chart compares the 21-day return of NDX against the S&P 500. (It uses our Smart Relative...
Most of 2021 has focused on value stocks as the economy reopening from coronavirus, but last week investors returned to growth. The S&P 500 rose 0.4 percent between Friday, June 4, and Friday, June 11. The Nasdaq-100 climbed 1.2 percent, its biggest outperformance...
Believe it or not, Advanced Micro Devices has been little changed for 10 months. But now the semiconductor stock may be getting ready to move. This chart shows how AMD is stuck between a falling trend line and its 50-day moving average. Our Moving Average Speed custom...
Apple has been a frustrating stock for most of the year, but now it may be squeezing toward another rally. The first pattern on today's chart is its super-tight Bollinger bandwidth, which yesterday was the narrowest since December 2019. That could suggest price is...
Big-cap technology stocks like Apple are lagging again, even as investors start buying smaller companies on the Nasdaq. The chart below compares the Invesco Nasdaq Next Gen ETF (QQQJ) with the Invesco QQQ (QQQ). It shows percentage change, with hourly bars, since the...
Heavily shorted stocks like AMC exploded higher in January. Now they may be moving again, with options traders jumping on board. The theater chain rallied 19 percent yesterday, following a 20 percent gain on Tuesday. AMC is up 62 percent since last Friday, its biggest...
Wireless-tower stocks have been in long-term uptrends as mobile devices and usage proliferate. American Tower is the largest of the three, followed by Crown Castle International and SBA Communications . AMT has moved sideways for the last year. It hit an all-time high...