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Memory Chip Maker Holds Key Level as Market Rebounds: Chart of the Day

Memory Chip Maker Holds Key Level as Market Rebounds: Chart of the Day

This week was cut short by Independence Day. That makes it a good time to view Micron Technology (MU), which seems to have the spirit of 76. The memory-chip maker had a false breakdown below that level on January 27. It quickly rebounded and returned to test $76 three...

Eurex Micro Futures Are Now Available on TradeStation

Eurex Micro Futures Are Now Available on TradeStation

You don't have to fly to Frankfurt this summer to trade the European markets. Eurex has recently introduced new micro futures contracts on major international benchmarks like the German Dax and Euro STOXX 50 index. The new Eurex products join micros on CME products...

Is Energy’s Long-Term Downtrend Resuming?

Is Energy’s Long-Term Downtrend Resuming?

Energy stocks have rallied since November, but signs of exhaustion could be appearing. The SPDR Energy ETF (XLE) fell more than 3 percent today and is the market's worst-performing sector fund in the last two weeks. The selling comes despite crude oil prices hitting a...

Amazon.com Could Be Preparing for a Breakout: Technical Analysis

Amazon.com Could Be Preparing for a Breakout: Technical Analysis

Amazon.com has consolidated since last August. Now it may be ready for a breakout, especially with the Nasdaq leading again. Friday’s close of $3,510.98 was AMZN’s second-highest close ever. It was also the highest close since September 2, a potential sign of...

Prices Have Been Rising. Here’s Why it Might Be Good for the Stock Market

Prices Have Been Rising. Here’s Why it Might Be Good for the Stock Market

Spiking lumber prices had everyone scared of inflation earlier this year. But now the trend could be turning into a big positive for the stock market. Two important things have happened since the big scare in early May: Major commodities including lumber, corn and...

Housing Stocks Could Be Trying To Turn: Chart of the Day

Housing Stocks Could Be Trying To Turn: Chart of the Day

Homebuilders have pulled back following a big rally. Now the chart could be lining up for another move to the upside. The Philadelphia Housing Index has been finding support at its 100-day simple moving average for the last two weeks. It’s also been holding a price...

Options Alert: Call Buyers Are Targeting a Fast Move in Home Depot

Options Alert: Call Buyers Are Targeting a Fast Move in Home Depot

Someone's looking for DIY giant Home Depot to make a fast move this week. Heavy call volume was detected in the short-term weekly contracts expiring this Friday: About 15,000 2-July 320 calls were purchased, initially for $1 to $1.19. Premiums quickly rose to $1.30...

5 Big Milestones Last Week as Stocks Flew to New Highs

5 Big Milestones Last Week as Stocks Flew to New Highs

Stocks rose again last week as investors focused on technology companies and looked for the economy to rebound from the coronavirus pandemic. The S&P 500 rose 3.3 percent between Friday, September 21, and Friday, September 28. It was the biggest weekly gain since...

Stocks Reclaim Old Highs, Led by Breakouts in Apple and Tesla

Stocks Reclaim Old Highs, Led by Breakouts in Apple and Tesla

Stocks pushed back above their pre-Covid highs last week, with big technology companies like Apple and Tesla leading the charge. The S&P 500 rose 0.7 percent between Friday, August 14, and Friday, August 21. It was the index's fourth straight positive week,...

E-Commerce Breakouts! Target and JD.com Explode Higher: Earnings This Week

E-Commerce Breakouts! Target and JD.com Explode Higher: Earnings This Week

If you want to know the week that e-commerce officially took over the world, this might have been it. Companies including Minneapolis-based Target (TGT), Beijing-based JD.com (JD) and Singapore-based Sea (SE) rode strong digital trends to new record highs. Meanwhile,...

5 Sports Betting Stocks to Watch Before Football Season Begins

5 Sports Betting Stocks to Watch Before Football Season Begins

Barely two years ago, sports betting was legalized in the United States. Now investors are getting excited about sports-betting stocks with football season less than a month away. Roundhill Sports Betting ETF (BETZ) hit a record price yesterday and has made new...

Stocks Are Snoozing as the Dog Days of Summer Begin

Stocks Are Snoozing as the Dog Days of Summer Begin

Stocks drifted higher last week as investors nibbled on lagging sectors. Still, activity is slowing as the summer lull begins. The S&P 500 rose 0.6 percent between Friday, August 7, and Friday, August 14. It was the third straight positive week. The index has now...

Reopening 2.0? Small Caps Gain Traction as Covid Cases Trend Lower

Reopening 2.0? Small Caps Gain Traction as Covid Cases Trend Lower

Some new trends are emerging as the market potentially looks for the coronavirus pandemic to ease. Small caps, industrials and retailers are showing signs of relative strength so far in August -- a big change from last month. Those sectors have lagged since the crisis...