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Stocks Pull Back Before Inflation Data and Earnings Season
by David Russell | Apr 8, 2024
Stocks began the second quarter with a pullback as investors worried about higher interest rates and geopolitical risk. The S&P 500 fell almost 1 percent between Thursday, March 28, and Friday, April 5. (Markets were closed on March 29.) It was the biggest weekly...
Candlesticks, Pullbacks and Advanced Alerting: This Video Explains Technical Analysis in the Stock Market
by David Russell | Mar 29, 2021
https://www.youtube.com/watch?v=wpScT6O7c0c Candlesticks are one of the most popular charting tools in the stock market. This video helps traders understand patterns like kickers, dojis and hammers. It also covers volatility-based technical indicators like Bollinger...
The VIX Is Collapsing as Good News Floods the Market
by David Russell | Mar 29, 2021
The fear index is crumbling as one positive story after another hits the market. Cboe's VIX, which measures the cost of hedging the S&P 500, closed at 18.86 on Friday. That was its lowest reading since February 24, 2020, immediately before the coronavirus pandemic...
Chart Study: Is CSX Ready to Start Rolling?
by David Russell | Mar 26, 2021
Railroad operator CSX has squeezed into a tight range for almost five months. Now it may be ready for a breakout. The first pattern jumping off the chart is the ascending triangle with resistance around $95. Prices just started to escape the top yesterday. Also notice...
Chinese Stocks Are Crashing. Here’s Why It Could Be Good Luck for U.S. Investors
by David Russell | Mar 25, 2021
Most investors know that big Nasdaq stocks have struggled lately. They may be less aware of the carnage in Chinese markets. The iShares China Large-Cap ETF (FXI) has dropped 8 percent so far in March. That puts it on pace for the worst month in the last year. It also...
Sports Betting Is Back in Focus with NCAA Finals and MLB Weeks Away
by David Russell | Mar 24, 2021
NCAA basketball is reaching its finale with the baseball season about to start. It's a great time revisit companies with exposure to sports betting. Led by stocks like Penn National Gaming (PENN) and DraftKings (DKNG), sports-betting is a new industry. It was made...
The Dow’s Smallest Member Has Pulled Back to a Trend Line
by David Russell | Mar 23, 2021
Travelers (TRV) doesn’t get much attention, but maybe it should. The insurance stock trended steadily upward since October. It made a new all-time high above $160 last week when Chubb (CB) bid for Hartford Financial (HIG). TRV quickly pulled back, creating a potential...
Top Stocks for Options Trading
Technology & Communication
Call Buyers Target Square as Jack Dorsey Talks Crypto with Elon Musk
by David Russell | Jul 22, 2021
Yesterday was big for cryptocurrencies as Elon Musk and Jack Dorsey spoke publicly about Bitcoin. The event also triggered a wave of bullish options activity in Dorsey's payments company, Square. Most of the volume focused on the short-term 23-July 255 calls. Buyers...
IPOs come roaring to life
by David Russell | Apr 30, 2018
April is shaping up to the best month for initial public offerings in years. Data from ClickIPO shows over $10 billion of new equity entered the market in April. That's the most since September 2014. Combined volume in the first four months of the year also stands at...
Suddenly the Bears are in Retreat
by David Russell | Feb 26, 2018
Stocks recovered from early losses last week as interest rates stabilized and money streamed into tech. A Friday-afternoon surge landed the S&P 500 back above its 50-day moving average, resulting in a 0.55 percent gain for the holiday-shortened span. The...
Stocks Have Biggest Drop in Two Years as Rates Rise
by David Russell | Feb 5, 2018
Stocks just took their deepest dive in two years as higher interest rates caused investors to take profits. The S&P 500 cratered 3.85 percent between Friday, January 26, and Friday, February 2 -- its biggest weekly decline since early 2016. The selloff contrasted...
Bloom Coming off the Tech Rose?e?
by David Russell | Dec 27, 2017
The year 2017 was undeniably dominated by Technology. Megacaps like Apple (AAPL), Facebook (FB) Alphabet (GOOGL) climbed to new highs. Semiconductors giants like Micron (MU) and Nvidia (NVDA) weren't far behind as foundries basked in record orders from datacenters, AI...