Market Insights
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Netflix Leads Market to New Highs Before Fed Meeting
The stock market set a new record last week, led by communication companies like Netflix, Comcast and Alphabet. The S&P 500 rose 1.1 percent between Friday, January 19, and Friday, January 26. It was the third straight positive week, bringing the index above 4900...
Bears Place Bets Against Macau Casino: Options Recap
A Chinese casino operator is struggling at resistance, and bearish options traders are betting on a drop. Melco Resorts & Entertainment (MLCO) has been trapped around $23.50 for the last month. That level was also a peak in June 2017, which could make some chart...
Confidence Keeps Spreading in this Favorite Corner of Tech
Semiconductors are ripping as evidence keeps suggesting a rebound is coming soon. The Philadelphia Semiconductor Index ($SOX) has surged almost 9 percent since the beginning of last week. That's more than twice the gain of the broader S&P 500 over the same period....
Futures Expert Sees Breakout Potential For Gold At Key Level
Gold may be able to extend its rally if it breaks through a key level now being tested. That was the verdict from John Hoagland at TopstepTrader. Gold futures (@GC) have spent six days at or near 1308. Hoagland said odds may favor a breakout above that level because...
‘Weak Dollar’ Trades Appear Before Powell and the Fed
The market's embracing a "weak dollar" sentiment, looking for more easy money from Jerome Powell's Federal Reserve tomorrow. Copper (@HG), crude oil (@CL), silver (@SI) and gold (@GC) rallied earlier this morning before giving up some gains. Exchange-traded funds...
Market Keeps Levitating amid Nirvana Conditions
Stocks keep levitating to new highs for the year, riding a wave of Nirvana-like conditions. The S&P 500 2.9 rose percent between Friday, March 8, and Friday, March 15. Not only was it the biggest weekly advance since the end of November. The index also seemed to...
S&P 500 Isn’t the Only Chart Hitting New Highs for 2019
Stock indexes, along with crude oil, just closed at their highest levels of the year. Is it the top, or the start of another rally as fear leaves the market? Let's review some of the key points with equities in the midst of their third straight winning month. One big...
Technology & Communication
Options Activity Alert: Bullish Activity Detected in Square
Square (SQ) has gone nowhere for months, but options traders seem to be keeping the faith. Unusual call volume was detected yesterday in the fintech company run by Jack Dorsey, with two distinct transactions occurring. First, investors amassed more than 15,000 28-May...