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The Nasdaq-100 Rebounds After a Brutal January: What Does the Chart Say?

The Nasdaq-100 Rebounds After a Brutal January: What Does the Chart Say?

The Nasdaq-100 has rebounded following a sharp drop. It's a good time to consider where things stand with the tech-heavy index. First, Wednesday's close represented almost exactly a 50 percent retracement of the decline from December 28 through January 24. Second,...

Options Alert: Giant Neutral Strategy Targets Intel Following Sharp Drop

Options Alert: Giant Neutral Strategy Targets Intel Following Sharp Drop

Intel's been dropping for nine months, but one big options trader is looking for the semiconductor giant to stabilize. This large transaction involving short calls and short puts occurred yesterday as INTC tried to hold its lowest level in over a year: 30,000 March 50...

Energy Stocks Could Be Facing Long Term Resistance

Energy Stocks Could Be Facing Long Term Resistance

Energy stocks have led the market this year as investors looked for travel to resume after last year's lockdowns. But now the sector could be sitting at long-term resistance as potential negatives mount. The chart below shows the SPDR Energy ETF (XLE) with weekly...

Bears Tried to Sink the Semiconductor Index and Failed: Chart Study

Bears Tried to Sink the Semiconductor Index and Failed: Chart Study

Chip stocks have lagged along with the broader technology sector. But just when you think they're dead, they have a session like yesterday. Notice how the Philadelphia Semiconductor Index opened 2.2 percent below its close the previous session. Also notice how quickly...

May Is Bringing a Wave of Good News About the Coronavirus Pandemic

May Is Bringing a Wave of Good News About the Coronavirus Pandemic

From falling cases to fewer social restrictions, there's all kinds of good news about coronavirus this month. While the pandemic has been easing since winter, several positive trends now appear to be accelerating. It could be especially important as summer begins...

Cloud-Computing vs Crude Oil: Lessons in a Dramatic Chart

Cloud-Computing vs Crude Oil: Lessons in a Dramatic Chart

One of the biggest events in the history of the Dow Jones Industrial Average happened last August when Salesforce.com replaced Exxon Mobil as an index member. A 21-year software company elbowed out a transnational giant tracing its origins to John D. Rockefeller and...

Energy, Materials, Transports: New Companies Are Leading as Inflation Rises

Energy, Materials, Transports: New Companies Are Leading as Inflation Rises

Inflation is a growing concern as the economy surges back from coronavirus. This post will discuss companies that could benefit from the trend. The primary groups we will cover are: Industrial metalsEnergy / Fossil fuelsTransportationIndustrialsAgriculture First, why...