Markets
Videogame Bulls Fight for Key Level: Options Recap

Videogame Bulls Fight for Key Level: Options Recap

Videogame stocks are still hurting from last year's selloff in tech. But now options traders are defending a key level in major stock. We're talking about Activision Blizzard (ATVI), which makes titles like Call of Duty, Candy Crush and Overwatch. The stock briefly...

Social Media Giant Plans Big Crypto Announcement Today

Social Media Giant Plans Big Crypto Announcement Today

The world's biggest social network is poised to bring cryptocurrencies to the mainstream of business with a major announcement today. Multiple news sources report that Facebook (FB) will publish details on "Project Libra." The new cryptocurrency will enable money...

Airline ETF Takes Off as Investors Embrace Rising Fares

Airline ETF Takes Off as Investors Embrace Rising Fares

Investors are jumping on board airlines, one of the few industries with pricing power in a low-inflation environment. The U.S. Global Jets ETF (JETS) is up 10 percent since the beginning of June and is on pace for its best monthly gain in its four years of existence....

Futures Trading Coach: This Is How Low Crude Oil May Fall

Futures Trading Coach: This Is How Low Crude Oil May Fall

Bearish technicals and fundamentals could spell more downside for oil. That's the view from John Hoagland at TopstepTrader. Crude-oil futures (@CL) may extend their recent slide to about $45.50, according to his analysis of recent price action. It closed around $51...

Greenback on the Brink as Fed Meeting and G20 Approach

Greenback on the Brink as Fed Meeting and G20 Approach

The U.S. dollar seems to be teetering before some events with the potential to drive it lower. The U.S. dollar index (@DX) has spent most of 2019 between 95 and 97.75. It broke down quickly from those highs in early June and is now squeezing into a potential triangle....

An Options Trader Is on a Roll in this Casino Stock

An Options Trader Is on a Roll in this Casino Stock

An options trader seems to be on a roll as a casino stock pushes higher. MGM Resorts (MGM) has bounced more than 15 percent from its low at the start of last week. Today it looks like an investor rolled a covered-call position as he or she looks to squeeze income from...

Materials ETF Has Best Week in 7 Years as Fed Goes Dovish

Materials ETF Has Best Week in 7 Years as Fed Goes Dovish

Stocks like chemical makers and gold miners have struggled for much of the year, but now they're ripping amid hopes of Federal Reserve rate cuts. The SPDR Materials ETF (XLB) is up almost 8 percent since Friday, putting it on pace for its best week since December...

Why $9,000 May Be in the Cards for Bitcoin

Why $9,000 May Be in the Cards for Bitcoin

Bitcoin (BTC) has more than doubled this year and is now around $7,800, nearing the $9,000 level observed at the start of May. Its market capitalization is now around $275 billion -- roughly the size of a small, developed country's stock market.Bitcoin's audience has...