Long puts may be an attractive way to trade TTWO, tooTake-Two Interactive Software, Inc. (NASDAQ:TTWO) stock rallied hard in March, closing out the month with an 8.2% gain, thanks in part to some Sony (SNE) buyout buzz. However, the video game stock is now trading near a trendline that's had bearish implications in the past, suggesting it could be time to take profits on TTWO.Diving deeper, the eq...Read More

Stop me if you’ve heard this before. Precious Metals disappointed again.The miners were leading the metals but the metals broke down from bear flag patterns and that took the miners lower, suggesting an interim top is in place.The technicals suggest weakness could be ahead for the sector but the fundamentals are finally turning bullish.Before we get to fundamentals, let’s look at the t...Read More

Markets PMIs EUR USD Gold Oil Markets buoyed by Sino-US talks and PMI data It's been a strong start to trading on Wednesday and the US looks poised to follow, with futures up around half a percent ahead of the open. The optimism has carried over from Asia where reports of progress in Sino-US trade talks and another strong Chinese PMI reading provided the fuel for Wednesday's...Read More

The metals company just raised its first-quarter sales forecast to $100 million The shares of DMC Global Inc (NASDAQ:BOOM) are flying today after the metals expert lifted its first-quarter sales forecast to roughly $100 million. The company cited its rapidly growing oilfield products arm, DynaEnergetics, and strong sales from its explosive welding business, NobelClad. As a result, BOOM stock is up...Read More

Upbeat headlines around global trade talks could also be helping semiconductor stocksOne of the biggest analyst notes this morning came out of Nomura Instinet, which initiated coverage on semiconductor stocks Intel Corporation (NASDAQ:INTC) and Advanced Micro Devices (NASDSAQ:AMD) with "buy" recommendations. The brokerage firm says cyclical concerns could put pressure on chipmakers in the near ter...Read More

However, URBN is crossing paths with a historically bearish trendlineClothing giant Urban Outfitters, Inc. (NASDAQ:URBN) is moving higher this morning, after scoring an impressive bull note out of D.A. Davidson. Specifically, the firm upgraded its position to "buy" from "neutral," and tacked on $6 to its $30 price target. The brokerage firm cited strengthening fundamentals, expansion opportunitie...Read More

The European domestic price of mesh-quality wire rod remained flat week on week, while European imports prices held steady amid concerns regarding tariff-quota monitoring, market participants told Fastmarkets on Wednesday April 3.Fastmarkets' weekly domestic price assessment for mesh-quality wire rod in Northern Europe was at ?,?535-550 ($599-616) per tonne delivered on Wednesday, unchanged week o...Read More

The videogame retailer's revenue and current-quarter forecast disapointedIt's another volatile earnings reaction for GameStop Corp. (NYSE:GME), with the shares down 7.8% at $9.31. The stock is reacting to the video game retailer's fourth-quarter revenue miss, while the company also warned of a current-quarter loss on weakening sales and said it would not provide a full-year forecast. This is offse...Read More

A short squeeze could help IQ extend its gainsShares of iQIYI Inc (NASDAQ:IQ) are up 0.4% to trade at $24.50 this morning, after the Chinese video streaming service inked a deal to provide in-vehicle entertainment for Ford Motor (F) in its new Sync+ system. The feature will be rolled out in Ford and Lincoln models in China later this year.On the charts, iQiyi stock has added 70% since its Jan. 2...Read More

The Financial Times is reporting on encouraging U.S.-China trade progressDow Jones Industrial Average (DJI) futures are trading well above fair value this morning, with traders upbeat ahead of the latest round of U.S.-China trade talks. With Chinese Vice Premier Liu He in Washington D.C. today, the Financial Times is reporting the two sides have made significant progress in negotiations. Traders...Read More

Demand for flat steel in Turkey failed to improve in March and most prices went downward, with demand unlikely to improve significantly in April, market participants told Fastmarkets on Wednesday April 3.Local producers have filled their order books until late May, they added.The price decreases in March were because of the weak demand in both local and export markets.Mayoral elections were held a...Read More

You will recall that last Wednesday a warning was posted before the open that gold was about to break sharply lower from a bear Flag, which it did the very next day, so you had a full day of trading to prepare, either by exiting positions, placing stops or purchasing inverse ETFs or Puts, and I was pleased to learn that some of you did just that. As we can see on gold's latest 8-month chart bel...Read More

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Bitcoin's sharp rally on Tuesday was being described by some as a 'mystery surge', but it is no mystery at all for anyone who has seen the film Night of the Living Dead. Buffs may recall that the movie's flesh-eating zombies were activated by radioactive contamination from an exploding space probe that had visited Venus. Although no similar explosion has been reported by NASA, it seems entirely...Read More

Gold Fields' shares recovered from the South Deep-related sell-off in August 2018.Now they look ready to continue the upside movement with several potential catalysts.Right now, the market prioritizes cash flow over investment for gold miners, and Gold Fields is entering the right phase of the business cycle.Shares of Gold Fields (GFI) have now completely recovered from the major sell-off in A...Read More

The price range for rebar produced and delivered in Northern Europe widened downward by ?,?5 per tonne amid sluggish demand and cautious buying activity, sources told Fastmarkets on Wednesday April 3.Fastmarkets' weekly price assessment for domestic rebar in Northern Europe was ?,?535-550 ($599-616) per tonne delivered on Wednesday, down from ?,?540-550 per tonne delivered on March 27."There has n...Read More

The price for rebar produced and delivered in Southern Europe has fallen by ?,?5-30 per tonne over the past week due to softer demand, market participants told Fastmarkets on Wednesday April 3.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe fell to ?,?485-515 ($543-577) per tonne delivered on Wednesday, down from ?,?515-520 per tonne delivered on March 27."The Spanish ma...Read More

A crimp in London Metal Exchange zinc supply continues to fuel price action above $2,900 per tonne on Wednesday April 3, while a small contango in the copper nearby spread is contributing to increased buying. The three-month zinc price continues to trade near the $3,000 per tonne mark. The metal's cash/three-month spread was recently in a backwardation of $70 per tonne, with the current spread hea...Read More

Trading activity was subdued in Iran in the week ended Wednesday April 3, due to national and religious holidays in the country to celebrate the Iranian new year on March 21.Most producers were expected to return to the market on March 30, sources told Fastmarkets, adding that prices were expected to fall in line with the downtrend in the major global markets.A cargo of Iranian slab was heard book...Read More

Following a sharp sell-off last Thursday, gold prices have since stabilised. Last week’s weakness was due, among other things, to the strength of US dollar and renewed risk appetite, which saw US stocks rebound after a small pullback the week before. But as mentioned then, I continue to think that the downside could be limited for gold due mainly to the recent falls in global bond yields and...Read More