Two stocks seeing unusual options trading are ATVI and PLCECombing through today's options trading data, there's been unusual options trading on Call of Duty maker Activision Blizzard, Inc. (NASDAQ:ATVI). Traders are opening out-of-the-money calls in the January 2020 series, specifically at the 62.50 and 65 strikes, the two most popular contracts today. Those buying the back-month contracts expect...Read More
No fewer than four price-target hikes came through overnightAxsome Therapeutics Inc (NASDAQ:AXSM) stock surged more than 70% yesterday after the company said its major depressive disorder drug succeeded in a late-stage study, and it plans on filing for a marketing application with the U.S. Food and Drug Administration (FDA) in the second half of next year. The shares closed at a record high of $79...Read More
XLI is trading near notable technical levels amid an onslaught of U.S.-China trade buzzThe Industrial Select Sector SPDR Fund (XLI) began last week's trading perched just above $80 -- a round-number level that had marked peaks for the shares before they sliced through here in early November as a new round of U.S.-China trade headlines sparked optimism across Wall Street. The industrial-heavy excha...Read More
The S&P has managed to hit an all-time high thoughU.S. stocks are trading mixed so far today. The Dow Jones Industrial Average (DJI) has managed to overcome more selling on Boeing (BA) on the latest 737 MAX news to sport a modest lead, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are holding near breakeven as tech and healthcare shares slump -- though the S&P did manage a fresh record...Read More
HON is seeing support at both the 80- and 160-day moving averagesNorth Carolina-based Honeywell International Inc. (NYSE:HON) has been outperforming on the charts long term, and is now breaking out of a bull flag pattern. The stock also recently came off a convergence of its 80-day and 160-day moving averages, signaling that now is the perfect time to bet on HON with calls. Digging deeper, there l...Read More
Micron will report earnings after the close tomorrowAhead of its fiscal first-quarter earnings report due after the close tomorrow, Dec. 18, analysts are heaping the praise on Micron Technology, Inc. (NASDAQ:MU). Wedbush upgraded the chip stock to "outperform" from "neutral," while hiking its price target all the way to $65 from $44. The analyst in coverage cited several macro trends that could be...Read More
BBBY is continuing its trend higher on the chartsAs a part of Bed Bath & Beyond Inc.'s (NASDAQ:BBBY) new CEO Mark Tritton's 2020 restructuring plan, the home product retailer announced the departure of six senior members. A search to fill the newly combined role for the Chief of Marketing and Chief Brand Officer is also underway, as well as a permanent placement for the remaining positions. Tritto...Read More
GS stock received a price-target hike this morningGoldman Sachs Group Inc (NYSE:GS) has benefited from the recent stock market rally, hitting a 52-week high of $230.70 yesterday. During this breakout, call buying has ramped up at the major exchanges. This is according to the 10-day call/put volume ratio at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PH...Read More
Roku stock remains 350% higher year-to-dateRoku Inc (NASDAQ:ROKU) stock's troubles are continuing today, after the streaming company announced its Chief Financial Officer (CFO) Steve Louden will be stepping down from the position, as soon as his replacement is found. Louden cited his desire to relocate to Seattle,as the reason for his resignation. In response, the shares of ROKU are down 2.1% at $...Read More
Dow and S&P futures are little changed after Monday's record highsMarkets kicked off the week with record highs yesterday, but Dow Jones Industrial Average (DJI) futures are signaling a slightly lower open today. After a 4.3% drop on Monday, Boeing (BA) once more is the culprit, with the shares under pressure after the aerospace giant officially announced it's suspending production of the 737 Ma...Read More
Jack ChanPosted Dec 16, 2019Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Gold sector as represented by $HUI is on a short-term buy signal.Short-term signals can last for weeks and are more suitable for traders.Speculation remains high despite the recent pullback.Speculation is at a reasonable level to resu...Read More
Bob Moriarty ArchivesDec 17, 2019My Best Year-End Tax-Loss Harvesting AdviceWith only a few trading days remaining in 2019, a clear winner has emerged in the contest of gold mining ETFs. TheU.S. Global GO GOLD and Precious Metal Miners ETF (GOAU)was up 39.5 percent year-to-date as of November 30, beating five of its peers, including those that focus on explorers and junior miners, or that are back...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comDec 17, 2019The amount of debt in both China and the United States is horrifying and it continues to grow.Debt growth is worshipped by millions of people who think it is a cure rather than a disease. Pleaseclick here now. Until the trade war began, the Chinese government was pressuring the...Read More
Stewart Thomson, Graceland Updates 1. The amount of debt in both China and the United States is horrifying and it continues to grow. 2. Debt growth is worshipped by millions of people who think it is a cure rather than a disease. 3. Please click here now. Until the trade war began, the Chinese government was pressuring the country's private sector to reduce...Read More
Stefan Gleason, Money MetalsGold and silver prices remain mired in weeks-long trading ranges. They are essentially moving sideways - for now.Precious metals mining stocks, however, are moving up. The chart of the HUI gold miners index shows an uptrend in place since mid October.The HUI has traded above its 50-day moving average for several days in a row. The 50-day line itself is now also curlin...Read More
By: Ira EpsteinGold needs to hold $1,450 area and break $1,490 area to get bullish:Read More
Economic news will be the key for now. Hedge funds and others are increasing their allocation to stocks for the first quarter of next year. It remains to be seen if gold ETF and gold investment demand see significant outflows. At current prices, I am against new very short term investment in gold. Silver use any 100-150 fall (if any) to invest. TODAY: It is wait and watch trade for gold, crude o...Read More
Did you know that holdings in gold ETFs have been spiking?This chart kicks off video #7 with Mike Maloney of GoldSilver and Ronnie Stoeferle of the In Gold We Trust report... it shows the renewed interest in gold from investors around the world. You can see that the light blue area, which represents European ETFs, has expanded the most.To Ronnie the jump in ETF holdings means gold is on its way to...Read More
Risks that were overhanging the market are all coming to pass. Brexit gets reaffirmed. Trade deal with China. Getting rid of some tarrifs. The Fed came out and announced stready as she goes, no rate hikes or cuts down the pike. Or at least until so-called inflation passes two percent, which it never will because the real rate of inflation is way higher than the stated rate.John Rubino is the found...Read More
REPO Madness is beginning to make the 2008 financial crisis look like a walk in the park. The FED is backstopping the panic for liquidity in the overnight REPO market with more than $1 Trillion, the panic money printing is happening NOW. Bix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary...Read More