Markets
Options Alert: Bulls Target Breakout In Financials as Earnings Draw Near

Options Alert: Bulls Target Breakout In Financials as Earnings Draw Near

Financials kick off earnings season next week, and one options trader is positioning for a breakout in the entire sector. Check out this large transaction in the SPDR Financial ETF (XLF), which holds major names like JPMorgan Chase (JPM) and Bank of America (BAC):...

Amazon May Face an Uphill Struggle as 2022 Begins: Chart of the Day

Amazon May Face an Uphill Struggle as 2022 Begins: Chart of the Day

Believe it or not, Amazon.com is little changed since July 2020. Now it faces an uphill struggle as a new year begins. The first pattern jumping off the chart is the downward-sloping trendline that began shortly before Thanksgiving. AMZN steadily trending lower as the...

Tesla Is Weaving in Its Lane: Chart of the Day

Tesla Is Weaving in Its Lane: Chart of the Day

Tesla has been on anything but autopilot since peaking above $1,240 in early November. The EV giant first made a lower high near $1,200, followed by a lower low under $900 yesterday. Taking a step back, the price action is starting to resemble a downward channel. This...

Options Alert: Heavy Call Volume Appears in the Top Utility Stock

Options Alert: Heavy Call Volume Appears in the Top Utility Stock

Utilities broke out to new highs yesterday, and an option trader targeted the biggest company in the sector. Check out the call unusual volume in NextEra Energy (NEE): A block of 17,919 December 90 calls traded for $1.A block of 17,919 March 100 calls changed hands at...

Chart of the Day: Mega Candle in Johnson & Johnson

Chart of the Day: Mega Candle in Johnson & Johnson

Johnson & Johnson is often a dull stock, but it had some exciting price action yesterday. The health care giant dropped 1 percent in the initial seconds of trading, undercutting Friday's low. Buyers immediately came out of the woodwork, driving the stock to its...