The market's "fear gauge" spiked out of the gate this morningWorries of a coronavirus outbreak have sparked panic selling on Wall Street today, with the major stock indexes all staring at intraday losses of 1% or more. This fear is being seen in the Cboe Volatility Index (VIX), too, which earlier spiked to levels not seen since October -- and sounded a signal seen just 10 other times in the last 1...Read More

ISRG is trading below the 80-day MA for the first time in monthsThe shares of Intuitive Surgical, Inc (NASDAQ:ISRG) are trading down 3.5% today at $568.44, extending the sell-off stemming from last Thursday's earnings showing. As of now, ISRG stock is trading below the 80-day moving average for the first time since October, but remains above a trendline that starts at the June low and catches a se...Read More

The stock's 40-day moving average has spelled trouble in the past Streaming concern Roku Inc (NASDAQ:ROKU) has taken a breather recently, off roughly 15% in the past three months after an early December bear gapput the shares back below familiar pressure at the $150 region. Today, the stock is gearing up for its lowest close in almost three months -- down 3.4% to trade at $125.55 at last check --...Read More

TEAM has surged since last week's impressive earnings reportSoftware development firm Atlassian Corporation (NASDAQ:TEAM) is down 1.6% at $144.73 this morning. However, now might be the perfect time to take a risk on TEAM. Not only is the stock up 20% in 2020, fresh off the long-term support of its 180-day moving average and still enjoying the aftermath of a notable earnings beat, but data from S...Read More

LK has shed 23% in the last seven daysThe20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. The stocks highlighted in yellow are new to the list. Below, we're going to take a closer look at Luckin Coffee Inc (NASDAQ:LK) and Walt Disney Co's (NYSE:DIS), as w...Read More

The Dow, S&P and Nasdaq are all eyeing their biggest slides since October The Dow Jones Industrial Average (DJI) is continuing its steep slide today, giving up over 400 points at the midway mark as the quickly spreading coronavirus continues to dominate traders' attention. Should these losses hold, the blue-chip index could be on pace for its biggest one-day drop since early October. The S&P 500...Read More

A new day, a new record in palladium! Is there any stopping it fromreaching another high? What’s next in store for the white metal? If you thought gold had a goodyear, you were wrong. OK, maybe not wrong, but palladium enjoyed larger gains. Just look at the chart below, whichshows the price of palladium. As you can see on the chart below, this metalgained almost 50 percent in 2019, rising fr...Read More

By: Ira EpsteinGold's short to long-term technicals:Read More

Friday's nasty stock-market reversal was the most interesting we've seen in a long while. The ostensible cause of the selloff was mounting anxiety over the spread of the deadly coronavirus from China to the U.S. and elsewhere. Three cases have been reported so far in the U.S. and 2,000 worldwide, and although no one seems to expect a major outbreak in North America, it's not hard to imagine a me...Read More

Gold and silver will remain firm as long unless a vaccine to the Chinese corona virus is found. Treatment is there for the virus but there is no vaccine. The quicker the spread of the corona virus globally the quicker will gold and silver rise. Yen will also fall sharply if the numbers zoom. Numbers (of people affected by the corona virus) are suppressed or fudged globally to prevent a panic. Sp...Read More

Susquehanna upped its price target on AMD to $50 from $45 Advanced Micro Devices, Inc. (NASDAQ:AMD) is struggling to capitalize on a bull note from Susquehanna today. The analyst lifted its price target to $50 from $45, just one session after the equity hit an all-time high of $52.81. Despite this AMD is down 4.1% to trade at $48.29 this morning, pacing for its first close below its 20-day moving...Read More

SBUX's 40-day moving average has stepped up as support todayThe shares of Starbucks Corporation (NASDAQ:SBUX) are down 3.9% to trade at $88.38 this morning. The coffee chain joined restaurant stocks Yum China (YUMC) and McDonald's (MCD) in closing its stores in Wuhan, China in fear of the rapidly spreading coronavirus. Even with today's pullback looming, Starbucks stock looks to be hanging on t...Read More

CHWY has struggled on the charts over the past six monthsOnline pet food supplier Chewy Inc (NYSE:CHWY) is pointed lower this morning, last seen down 1% at $28.20 before the bell despite a fresh analyst bull note. Wedbush upgraded the equity to "outperform" from "neutral" and hiked its price target to $35 from $30. The revised price target represents a 23% upside to Friday's close of $28.47, and...Read More

Gold stocks are often cited as recessionproof stocks. Although this has not always been true, they do tend to rise whenthe economy is in a recessions and/or when the general stock market is indecline or showing relatively little gains. Below, is a long-term chart of the Dow:I have indicated significant gold stocksrallies with blue rectangles. As you can see that they mostly occur aroundDow/Gold ra...Read More

Coronavirus headwinds are set to hammer stocksThe U.S. stock market is pacing for substantial losses this morning as the coronavirus outbreak worsens. With the death toll from the virus rising to more than 80 in China and a fifth confirmed case in the U.S., traders are taking a risk-off approach this morning, sending Dow Jones Industrial Average (DJI) futures more than 400 points below fair value....Read More

A lack of information on the extended Section 232 tariffs that were announced by US President Donald Trump on Friday January 24 has made it difficult to predict the impact on the downstream steel and aluminium markets.The steel and aluminium tariffs will be set at 25% and 10% respectively and will take effect on February 8, according to the presidential proclamation.A list of targeted goods h...Read More

January options expiration could also increase the chances for a volatility popA general area that could act as a speed bump on $SPX is 3,335, which is 5 x's '09 low at 666.79. Double the low was a year-long challenge in '11-'12 and there was major sideways movement for months around triple the low in '14-'15- Todd Salamone (@toddsalamone) January 24, 2020While Friday's trading may prove pivotal a...Read More

Chinese steelmaker Hebei Jingye Group has moved a step closer to acquiring British Steel following an agreement made with the trade unions that could result in 500 job losses.The proposals from Jingye on terms of employment now need to be agreed by British Steel staff following the negotiations by the various trade unions.Other outstanding hurdles to the deal include Jingye reaching an agreement.....Read More

A summary of Anglo American's production results for iron ore in the fourth quarter and full-year 2019, as well as production guidance for 2020, following the company's report released on Thursday January 23. The South African Kumba unit increased production on both comparisons due to the Sishen mine improving operational performance and the Kolomela mine - both mines are part of the Kumba un...Read More

A lack of information on the extended Section 232 tariffs that were announced by US President Donald Trump on Friday January 24 has made it difficult to predict the impact on the downstream steel and aluminium markets.The steel and aluminium tariffs will be set at 25% and 10% respectively and will take effect on February 8, according to the presidential proclamation.A list of targeted goods h...Read More