Markets
Technical Alert: Death Cross in Netflix

Technical Alert: Death Cross in Netflix

The economy is reopening. People are going back to work. It's great news for a lot of stocks, but Netflix isn't one of them. Today, the streaming-video giant's 50-day simple moving average (SMA) closed at $513.97, or $0.53 below its 200-day SMA. That "death cross" may...

Ethereum Shakes Off Bitcoin Crash as Investors Focus on Positives in July

Ethereum Shakes Off Bitcoin Crash as Investors Focus on Positives in July

Cryptocurrencies fell last month as investors dumped Bitcoin. But now attention could be shifting to Ethereum as a greener alternative. The No. 2 digital asset by market capitalization has already regained the levels where it began May. It's also emphasizing a key...

Reopening Stocks Surge Back as the Post-Covid Summer Begins

Reopening Stocks Surge Back as the Post-Covid Summer Begins

The reopening trade is surging back as the summer vacation season begins and coronavirus infections plummet. Investors piled into stocks like energy, cruise lines and casinos on Tuesday. Those stand to gain from increased travel and economic activity as social...

Small Caps Are Outperforming Again: Technical Analysis

Small Caps Are Outperforming Again: Technical Analysis

QQQ vs IWM? In some ways, it’s the big debate of 2021. Will traders stick with megacap growth stocks, or ride fast-moving small caps as the economy reopens? Or will they simply rotate between the two, guided by events and price action? Right now could be a time when a...

Options Activity Is Rising in ‘Meme’ Stocks Like AMC and GameStop

Options Activity Is Rising in ‘Meme’ Stocks Like AMC and GameStop

Heavily shorted stocks like AMC exploded higher in January. Now they may be moving again, with options traders jumping on board. The theater chain rallied 19 percent yesterday, following a 20 percent gain on Tuesday. AMC is up 62 percent since last Friday, its biggest...

Tesla’s Stock Is Holding Support as Relative Strength Turns Positive

Tesla’s Stock Is Holding Support as Relative Strength Turns Positive

After months of weakness, Tesla may be charged for another move to the upside. Some interesting patterns have recently appeared on the electric-car maker's chart. First is the false breakdown below $550 on May 19. This was followed by a rebound back above the ... For...

Golden Crosses in Wireless Tower Stocks: Chart of the Day

Golden Crosses in Wireless Tower Stocks: Chart of the Day

Wireless-tower stocks have been in long-term uptrends as mobile devices and usage proliferate. American Tower is the largest of the three, followed by Crown Castle International and SBA Communications . AMT has moved sideways for the last year. It hit an all-time high...

Options Activity Alert: Bullish Activity Detected in Square

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...