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The S&P 500 bounced after last week's sharp drop, but oil hasn't been so lucky. Crude oil futures (@CL) closed yesterday at their lowest level in a month. The weakness comes as news events turn potentially bearish for the commodity. Government statistics on crude...
Stocks are in the midst of a terrible month but some other areas are rallying. In this post, we'll take a deeper look, and focus on some recent calls by strategists. First, the S&P 500 (@ES) lost 5.6 percent of its value in the first half of October. If it holds...
Brazil's ripping this week, and today's biggest options trade is following the trend. Check out the bullish call spread this morning in oil giant Petrobras (PBR), the country's largest company by market cap: A block of 130,000 October 16 calls was bought for $0.28....
A sharp dichotomy has appeared in emerging markets as Asia struggles and oil rallies. The iShares MSCI India ETF (INDA) is down 8 percent in the last two weeks and the iShares China Large-Cap ETF (FXI) has declined 2 percent. Meanwhile, the iShares Brazil MSCI ETF...
Attention has focused heavily on China, Italy and NAFTA. But suddenly today another part of the world is in play. The iShares Brazil ETF (EWZ) rallied 6 percent today and has gained 8 percent in the last week. That places it well ahead of the S&P 500 and other...
Stocks dipped slightly last week, but still had their best quarter in almost five years. The S&P 500 slid 0.5 percent between Friday, September 21, and Friday, September 28. It was only the third negative week in the last 13. The index's 7.2 percent gain since the...
Bullish sentiment seems to be growing in the energy market as Iranian sanctions take hold. U.S. WTI crude oil futures (@CL) are pushing the top of their 2018 range, while the spot price on European Brent hit a four-year high this week. The gains have come despite...
A momentum growth stock could be flashing a bullish signal. Cheniere Energy (LNG) is the biggest player in the rapidly expanding natural-gas export business. It's been consolidating after a big rally in the first half, and now a "cup and handle" pattern may suggest...
Stocks are bouncing today after Washington and Beijing exchanged tariffs. Beyond those headlines, various signs have suggested fear is leaving the market. First, look at sector performance. In the last week, "risk-on" sectors like energy and industrials have...
Just as quickly as they appeared, oil bears are on the run. Crude oil futures (@CL) closed at their highest level yesterday since July 10, bolstered by a series of positive headlines: Weekly inventories fell by 2.6 million barrels, more than twice the expected drop....