Stocks
The VIX Is Collapsing as Good News Floods the Market

The VIX Is Collapsing as Good News Floods the Market

The fear index is crumbling as one positive story after another hits the market. Cboe's VIX, which measures the cost of hedging the S&P 500, closed at 18.86 on Friday. That was its lowest reading since February 24, 2020, immediately before the coronavirus pandemic...

Chart Study: Is CSX Ready to Start Rolling?

Chart Study: Is CSX Ready to Start Rolling?

Railroad operator CSX has squeezed into a tight range for almost five months. Now it may be ready for a breakout. The first pattern jumping off the chart is the ascending triangle with resistance around $95. Prices just started to escape the top yesterday. Also notice...

The Dow’s Smallest Member Has Pulled Back to a Trend Line

The Dow’s Smallest Member Has Pulled Back to a Trend Line

Travelers (TRV) doesn’t get much attention, but maybe it should. The insurance stock trended steadily upward since October. It made a new all-time high above $160 last week when Chubb (CB) bid for Hartford Financial (HIG). TRV quickly pulled back, creating a potential...

Technical Analysis: Don’t Forget About Chip Stocks

Technical Analysis: Don’t Forget About Chip Stocks

The Nasdaq is trying to stabilize, which could draw buyers back to semiconductors. Chip stocks like NXP Semiconductors (NXPI), Broadcom (AVGO) and Lam Research (LRCX) were some of the biggest gainers in the Nasdaq-100 last week. That helped push NDX ahead of the...

Nike Could Be Trying to Break Out Before Earnings

Nike Could Be Trying to Break Out Before Earnings

Nike has taken a long pause, but now the sneaker giant may be trying to break out with earnings due Thursday afternoon. NKE beat estimates on December 21, eliciting a wave of bullish analyst notes. However the stock rallied before the report, and proceeded to ease...