Market Insights
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Will American Express Run Again? A Big Options Trader May Think So
American Express has dropped along with other financials this month, but one big investor is using options to stay long the name. Check out this large trade that occurred shortly before noon yesterday: A block of 34,843 April 125 calls was sold for $37.88.An equal...
Can Anything Stop This Rampaging Tech Stock?
This year has seen plenty of gains in technology, but nothing compares with the monster rally in a once-forgotten chip stock. Advanced Micro Devices (AMD) has already doubled in the third quarter and has appreciated 190 percent since January. That places it ahead of...
Here Come the iPhones
The planet's most valuable company is back in focus as the world holds its breath for the newest iPhones. Apple (AAPL) CEO Tim Cook will take the stage at the Steve Jobs Theater in in Cupertino, California, at 1 p.m. ET tomorrow. As usual, the tech giant hasn't said...
Insurers Tremble with Florence on the Move
Hurricane season has begun, and insurers are trembling. Florence is expected to hit the Carolinas on Friday. It's already a category 4 hurricane, which makes it unusually powerful for a storm moving that far north. Property and casualty (“P&C”) insurers like...
Market Action Summary: 9/10/18
Click here to register for the webinar, which begins at 4:30 p.m. ET. S&P 500 overview SPX holding January high amid Dow Transports bullish confirmation. 50-hour MA on @ES starting to turn upward. Rotation away from megacap techs / FANG is healthy. Sensing a...
Guess What Index Just Broke Out
Over a century ago, Charles Dow said it's bullish when transportation stocks hit new highs. That's exactly what they're doing today. So-called "Dow Theory" teaches that different parts of the market can confirm each other. This is especially true with economically...
Finally a Pullback, Thanks to Tech
Traders finally got a pullback last week, thanks to a mini-crash in technology. The S&P 500 slid 1 percent in the holiday-shortened period between Friday, August 31, and Friday, September 7. But that was nothing compared to the Nasdaq-100, whose 2.8 percent slide...
Technology & Communication
Should This Industry Replace Transports in Dow Theory?
Something weird is happening in the market: Transportation stocks are dead in the water as almost everything else rallies. This pattern runs contrary to "Dow Theory," one of the most cherished concepts in the history of investing. Created by journalist Charles Dow in...