Jordan Roy-Byrne CMT, MFTAA few weeks ago we wrote that precious metals were at risk of a correction. First, they powered higher. But last week they ran into technical resistance levels that date back well beyond only a few years. This is true for Gold, Silver as well as the miner ETFs: GDX and GDXJ.Starting with Gold, we can see that it has struggled to get through $1550/oz. That's not a surp...Read More
By: Ira EpsteinGold is just a very solid move, almost straight up since gold's low in May - gold weekly chart:Read More
Developments out of Hong Kong and China boosted global marketsThe Dow logged a triple-digit gain today, with the blue-chip's recovery sparked by a positive political development in Hong Kong and upbeat economic data from China. This helped drive a rally in tech stocks, with Intel (INTC) shares gaining more than 4%. Investors also digested a raft of Fed speeches, with comments from New York Fed Pre...Read More
Options action on 2 of today's biggest winnersBox Inc (NYSE:BOX) is one of the best stocks today, rallying 11.8% to $16.60, aiming to take out its 50-day moving average for the first time since mid-May. Sparking the rally is news that activist hedge fund Starboard Value has taken a 7.5% stake in the cloud concern. In response, options trading on BOX is through the roof. At last check, more than 11...Read More
The 2020 election could see some major changes in the American economic system.The U.S. 2020 election will be one unlike America has ever seen, predicts oneanalyst.With both sides growing increasingly divided, it's impossible to know which way the sentiment will shift, and what will happen as a result.But one Stansberry analyst has concerns about what the future holds, and how a radicalized presid...Read More
SBUX has tended to make outsized moves in the past 12 months, compared to what its options have priced inStarbucks Corporation (NASDAQ:SBUX) surged nearly 9% after the coffee concern's impressive turn in the earnings confessional in late July -- hitting an all-time peak of $99.72 along the way. The shares have since consolidated atop their rising 20-day moving average and 50% year-to-date return....Read More
The shares are both boasting double-digit percentage gains todayStocks have made a comeback today, led by big gains in the energy sector. Three specific stocks making notable moves are healthcare names Clearside Biomedical Inc (NASDAQ:CLSD) and Idera Pharmaceuticals Inc (NASDAQ:IDRA), as well as flight concern JetBlue Airways Corporation (NASDAQ:JBLU). Below, we'll take a look at what's driving...Read More
IYR hit a 12-year peak earlierThe real estate investment trust (REIT) sector has turned in an impressive performance on the charts this year, as evidenced by the price action in the iShares U.S. Real Estate ETF (ETF). The shares of the exchange-traded fund (ETF) have surged 25.4% year-to-date (YTD), and hit the $94.20 mark earlier today -- a chip-shot away from their February 2007 record high of $...Read More
Stocks are enjoying a relief rally todayThe Dow Jones Industrial Average (DJI) is trading higher today, with stocks benefiting from positive market news from around the globe. Mainly, traders are applauding upbeat headlines out of Hong Kong, while also keeping tabs on a flurry of Fed speeches. The tech sector is again outperforming, and energy stocks are some of the top gainers, too, rising along...Read More
The software maker turned in a surprising second-quarter profitCoupa Software Inc (NASDAQ:COUP) stock is red-hot today, after the software firm reported a second-quarter adjusted profit of 7 cents per share, compared to expectations for a per-share loss of 10 cents. COUP also said revenue jumped 54% to a stronger-than-forecast $95.1 million on Business Spend Management (BSM) subscription growth, a...Read More
The ATVI stock breakout could be happening as we speakActivision Blizzard, Inc. (NASDAQ:ATVI) has been trying to gain its footing on the charts after a lackluster first half of the year, and some analysts see upside coming soon. Just this morning BMO raised its opinion on the stock to "outperform" from "market perform," and boosted its price target to $60 from $43. The brokerage's note discussed t...Read More
Navistar's earnings reaction comes one week after the stock hit a three-year lowOne of the top stocks on the New York Stock Exchange (NYSE) this morning is Navistar International Corp (NYSE:NAV), up 7.5% to trade at $23.49. The truck manufacturer reported fiscal third-quarter adjusted earnings of $1.47 per share on $3.04 billion in revenue -- handily topping estimates. Today's bounce comes after...Read More
The analyst sees more growth for the semiconductor sector in the second half of the yearJ.P. Morgan Securities said this morning that is feels confident in the acceleration of semiconductor stocks for the second half of this year, calling Broadcom Inc (NASDAQ:AVGO) its top pick. The analyst cited promising seasonal demand and said that chip stocks should continue their upward momentum assuming the...Read More
U.S. trade data is also in focus today Dow Jones Industrial Average (DJI) futures are signaling a positive start amid a number of upbeat headlines. In Hong Kong, leader Carrie Lam said the government will withdraw a controversial extradition bill that ignited months of violent protests, while U.K. lawmakers attempt to block a no-deal Brexit following a bruising defeat for Prime Minister Boris John...Read More
The Gold Shares ETF set its 2019 high of $146.13 on September 3, with its all-time high of $185.85 a long-term target.The commodities ETF continues to trade below its "reversion to the mean" now at $15.41.The long dollar ETF remains set on its 2019 high of $27.01 on September 3, testing its monthly risky level for September at $26.99.Here are the weekly charts for the gold, commodities and dollar...Read More
Does it matter if volatility picks up when stocks were near fresh highs?Whether it's going up or down, stocks have been making bigger daily moves recently. The chart below shows the S&P 500 Index (SPX) along with its average daily absolute return over the past month of trading. That's the daily percent change of the index whether it moves up or down. Investors tend to get uneasy when they start se...Read More
Bob Moriarty ArchivesSep 4, 2019I recently had the privilege to participate in a webcast withETF Trends, talking about factors I like to see when investing in resource stocks. I’ve seen a surge in traffic to my gold website lately, 321gold.com,telling me that investors are buying into this new cycle. The webcast was for accredited investors, brokers, RIAs and money managers. It included...Read More
By: Frank Holmes, US FundsThe fast food world gave us an interesting case study in supply and demand last week. By now you've no doubt heard about The Chicken Sandwich, the surprise superstar menu item from Popeyes Louisiana Kitchen that's launched 1,000 blog posts, op-eds and thought pieces. According to reports, the Cajun restaurant sold out of its entire seven-week inventory in just over two...Read More
Jordan Roy-Byrne CMT, MFTAA few weeks ago we wrote that precious metals were at risk of a correction. First, they powered higher. But last week they ran into technical resistance levels that date back well beyond only a few years. This is true for Gold, Silver as well as the miner ETFs: GDX and GDXJ.Starting with Gold, we can see that it has struggled to get through $1550/oz. That's not a surp...Read More
Clint Siegner, Money MetalsIndividual investors are nervous about the stock market and the possibility of recession.Meanwhile, institutional money from banks and hedge funds is keeping a bid under equities, pushing stock prices higher after every minor dip. Together with the "Plunge Protection Team," they are keeping the wheels from coming off the stock market cart.The question is whether that w...Read More