Sectors
Will American Express Run Again? A Big Options Trader  May Think So

Will American Express Run Again? A Big Options Trader May Think So

American Express has dropped along with other financials this month, but one big investor is using options to stay long the name. Check out this large trade that occurred shortly before noon yesterday: A block of 34,843 April 125 calls was sold for $37.88.An equal...

Technical Analysis: Will Tesla Shares Drive Higher?

Technical Analysis: Will Tesla Shares Drive Higher?

Tesla more than doubled between January and mid-February. It retraced almost half that move last month and is now trying to bounce. Will the move continue? The first pattern on today’s chart is the 50-day moving average, which the electric-car maker tested and held at...

Growth Comeback? Nasdaq Surged Last Week Amid Banking Scares

Growth Comeback? Nasdaq Surged Last Week Amid Banking Scares

Stocks face a confusing mix of positives and negatives, but the biggest story could be an unexpected surge in the Nasdaq-100. The technology-heavy index rallied 5.8 percent between Friday, March 10, and Friday March 17. In absolute terms, it was the biggest weekly...

Chart of the Day: Tight Consolidation in Semiconductor Equipment Stock

Chart of the Day: Tight Consolidation in Semiconductor Equipment Stock

Semiconductors have outperformed lately as investors get excited about demand from artificial intelligence (AI). Today’s chart considers equipment supplier Lam Research . The first pattern is the rising 50-day simple moving average. LRCX has consolidated in a tight...

Chart of the Day: Exxon Mobil Has Pulled Back

Chart of the Day: Exxon Mobil Has Pulled Back

Exxon Mobil has steadily advanced for more than a year, and its current pullback may interest trend followers. The first pattern on today’s chart is $104.76, XOM’s previous all-time high from 2014. Notice how this level was ... For more,...

Is Tesla Overvalued? Check Out These Stunning Comparisons to GM and Ford

Is Tesla Overvalued? Check Out These Stunning Comparisons to GM and Ford

Tesla is one of the market's most active companies for stock and options traders. It could also look most expensive by various measures, but is it overvalued? This article will address the question by comparing Elon Musk’s company with other major car makers. It...

Technical Analysis: Pullback in Yum Brands

Technical Analysis: Pullback in Yum Brands

Yum Brands had a strong rally in late 2022. Now after a pause, the restaurant company may interest pullback buyers. The first pattern on today's chart is $125.70, a daily closing high from last April. YUM hesitated below that level in November and then began the New...

Complex Options Strategy Targets More Upside in Banking Giant

Complex Options Strategy Targets More Upside in Banking Giant

Citi has been fighting higher since Christmas, and one big investor seems to think the move will continue. Check out this unusual options activity in the banking giant yesterday: 22,000 January 45 calls traded for $5.25.22,000 January 45 puts changed hands for $0.01....

Technical Analysis: Have Chipmakers Already Bottomed?

Technical Analysis: Have Chipmakers Already Bottomed?

Most people know that technology stocks ended 2022 on a weak note. But they may not realize one group started to outperform: chipmakers. The first pattern on today’s chart of the Philadelphia Semiconductor Index is the falling trendline along the highs of last year....

Options Alert: Trader Looks for More Upside in Chinese Tech Stock

Options Alert: Trader Looks for More Upside in Chinese Tech Stock

Chinese technology stocks have been jumping, and one options trader is positioning for the move to continue. Check out this unusual activity this afternoon in e-commerce company JD.com (JD): Some 5,000 February 70 calls were purchased for $4.01.At the same time, the...