Market Insights
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Technical Analysis: Don’t Forget About Alphabet
Alphabet has been on the sidelines since a big rally in May. Is it time for traders to think about more upside? The first pattern on today’s chart is last August’s peak around $122.43. GOOGL chopped on either side of the level for three weeks but has mostly stayed...
This Week’s Market Action: December 17
Did you miss this week's Market Action webinar with David Russell and Don Pratl? Here's a link to the summary, and the replay is found below. Market Action is fast-paced, all-encompassing breakdown of big trades, sectors, trends, equities, derivatives and events. It's...
Bearish Leverage at Work In Energy Space: Options Recap
Give me leverage, or give me death. That was the message from a big options trade yesterday. Transocean (RIG) has plenty of leverage on its own. Over $9 billion of debt and $2.3 billion of cash plants it firmly in the junkyard of bond ratings. ("B3" at Moody's.) As an...
Despite the Bears, Economic Forecasts Keep Going Up
Believe it or not, economic estimates keep improving despite the selloff in equities. Last week's retail-sales data and industrial production didn't seem too impressive at first. But number crunchers have found some bright spots. Bank of America Merrill Lynch...
Check Out This Way to Earn Income on Your Stocks
Ever heard of fully paid stock lending? It could help you earn money without lifting a finger. TradeStation can lend out shares in your portfolio according to demand in the market. Clients are entitled to receive half the proceeds from the loan. How's it work? There's...
Sellers Keep Market on Pace for Terrible Quarter
Bears continued to hammer stocks last week, keeping the market on pace for its worst quarter since early this decade. The S&P 500 attempted a feeble bounce before rolling over and closing at its lowest level since April. All told, it declined 1.2 percent between...
Bad News Hammered Several Key Stocks Last Week
No, it wasn't a nightmare. There was a lot of bad news on a lot of companies last week. At least five of the 30 members of the Dow Jones Industrial Average dropped amid some kind of bearish headline: Apple (AAPL): Wall Street analysts continued to hammer the...
Technology & Communication
Amazon.com Tries to Rejoin the Trillion Dollar Club as FANG Lags
Amazon.com is trying to regain an elite status it lost because of coronavirus: a trillion-dollar market capitalization. The e-commerce giant briefly reached that valuation in January after a strong earnings report. It proceeded to drop as much as 26 percent as...