Market Insights
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Chart of the Day: Will Goldman Sachs Get Going?
Goldman Sachs has gone nowhere for two months, but some traders may look for that to change. The first pattern on today’s chart is the $374 level. It was a weekly closing price from January 2023 that GS remained below through late December. The stock rallied above it...
Trade War Escalates as China and Trump Exchange Blows
So much for a quiet Friday in August. The drama started early today when China slapped tariffs on $75 billion of U.S. goods. S&P 500 futures (@ES) fell 25 points. About 2-1/2 hours later President Donald Trump hinted in a tweet that he viewed Chinese leader Xi...
The Basics of Options
Options are an increasingly important tool for retail investors. They can either replace trading shares, or make it easier to position yourself in stocks. Let's consider the first things you need to know. An Option's Price Is Usually Called 'Premium' There are some...
Stocks Fall Again as Economic Fears Keep the Volatility Coming
Stocks fell again last week as economic fears continued, but the Federal Reserve may lift spirits soon. The S&P 500 declined 1 percent between Friday, August 9, and Friday, August 16. It was the third straight losing week and kept the index on pace for its second...
The Yield Curve Inverted, and the Bears Are Going to Work
The big story today is that weak economic numbers overseas caused the yield curve to invert. That means the yield on 10-year Treasury bonds fell below the two-year rate. Stocks, especially financials, are crashing as a result. The "inverted curve" is a potentially big...
Trader Fears Reversal In Key Gold Miner: Options Recap
Have gold miners gone from safe havens to risky stocks? One options trader seems to think so. Put volume is surging to a 4-1/2 year high in Newmont Mining (NEM), the world's biggest gold producer. Traders started buying the 23-August 37 puts shortly before lunch,...
Grains Crash with Corn Glut Expected to Worsen
Grains are crashing on signs of a worsening commodity glut. CBOT Corn Futures (@C) dropped more than 6 percent halfway through Monday's session. The last time it fell that much was April 1, 2013, according to TradeStation's historical data. Wheat (@W) is down a...
Technology & Communication
This Major Index Is Breaking Out as Value Stocks Pause: Chart Study
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...