Both stocks are enjoying record weeksStocks are scoring new highs to end the week, thanks to upbeat retail sales and chip sector earnings. Among two names making notable moves higher today are luxury retail concern Farfetch Ltd (NYSE:FTCH) and biopharmaceutical name Amarin Corporation (NASDAQ:AMRN). Here's a quick look at what's moving the shares of FTCH and AMRN. FTCH Call Traders Don't Envis...Read More

Developments on a trade deal between the U.S. and China were closely followed this weekIt was a wild trading week for stocks, as Wall Street closely monitored developments on the trade agreement between the U.S. and China. U.S. President Donald Trump, in particular, was quite vocal about the state of the trade deal, with comments on Tuesday over how China has "cheated" the U.S. in the past spookin...Read More

AMD shares are trading at new highs againThe semiconductor sector is on fire today thanks to strong earnings. The surge is helping push Advanced Micro Devices, Inc. (NASDAQ:AMD) to new highs, earlier the stock hitting a fresh 13-year peak of $39.37. This brings the chipmaker's year-to-date gain to 109%, and puts it on pace for a seventh straight weekly win. Schaeffer's Senior Quantitative Analyst...Read More

PEAK has been attempting to recover from its early November dropReal estate investment trust (REIT) Healthpeak Properties Inc (NYSE:PEAK) is up 0.6% to trade at $34.20 this afternoon, attempting to recover from its recent pullback on the charts. Longer term, the equity remains 22% higher year-to-date, despite its early November plunge. Today's shift comes just as the security nears a historically...Read More

The retailer is slated to report its third-quarter earnings before the open on TuesdayAhead of Kohl's Corporation's (NYSE:KSS) third-quarter report, due out before the open next Tuesday, Nov. 19, things have been especially bearish in the options pits. During the last 10 days, 10,511 puts have been bought to open on the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NAS...Read More

The Dow, S&P, and Nasdaq are set to extend their weekly win streaksIt's a record-setting day on Wall Street today, with the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) trading at all-time peaks. Sparking the risk-on session are upbeat U.S.-China trade headlines, as well as a bigger-than-expected rise in October retail sales. This is offsetting a wider-than-...Read More

Intelsat options are quite pricey at the moment, thoughIt's been a week to forget for Intelsat SA (NYSE:I). The communications satellite services provider is cruising toward a 45.3% weekly loss -- set to be its worst week ever -- after rumors swirled that the Federal Communications Commission may opt for a public C-Band auction. The reports were enough for J.P. Morgan Securities to issue a downg...Read More

1. Gold’s annual returns 2000 to presentIn the February edition of this newsletter, we ran an article under the headline:  Will 2019 be the year of the big breakout for gold? Though we would not characterize gold’s move to the upside so far this year as ‘the big breakout,’ 2019 has been the best year for gold since 2010 even with the recent correction taken into accoun...Read More

resTORbio stock is hitting new lows today Pharmaceutical name resTORbio Inc (NASDAQ:TORC) has slid to the very bottom of the Nasdaq today after the company announced it stopped testing on its lead drug RTB101 for respiratory illness, following a failed late-stage trial. The biopharma firm added that they will continue testing on the drug in other conditions, such as Parkinson's disease. The news h...Read More

There's still plenty of pessimism to be unwound on HDThe shares of Home Depot Inc (NYSE:HD) are up 0.3% to trade at $237.27 today, after Jefferies raised its price target to $268 from $246. The brokerage firm predicted Home Depot will outperform Lowe's (LOW) in their upcoming earnings reports, due to impressive same-store sales growth and website traffic. Home Depot is scheduled to report third-q...Read More

In the first part of this research article, we shared our ADL predictive modeling research from July 10th, 2019 where we suggested that Oil prices would begin to collapse to levels near, or below, $40 throughout November and December of 2019.  Our ADL modeling system suggests that oil prices may continue lower well into early 2020 where the price is expected to target $25 to $30 in February~A...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 323,18956,123107,486210,067511,535640,742675,144 Change from Prior Reporting Period -21,402-8,6408,96228,37912,70915,93913,031 Traders 18774825154272183 Small Speculators LongShortOpen Interest 67,72133,319708,463 2,3435,25118,282 non reportable positions...Read More

The major gold miners just enjoyed a phenomenal quarter for gold, which soared after its first bull-market breakout in years. Q3'19's much-higher prevailing gold prices should've driven soaring earnings for the miners, due to their big inherent profits leverage to gold. So this just-completed Q3 earnings season is the most important for this sector in a long time. Did the gold miners' fu...Read More

By: Ira EpsteinBears do not like to short in an oversold market. Gold moving off the lower volatility band, resistance area $1,485 area. $GDXJ at resistance at the 18-DMA, $GDX...Read More

By: Avi Gilburt(Originally published on Sat Nov 9 for our ElliottWaveTrader members)When the GLD dropped down off the October 25th high in a 5-wave structure, this provided us with the warning that a deeper c-wave can take hold. In fact, as we began the rally off that 5-wave decline, I began noting in our trading room that I was going to use GLD puts as a hedge to my overall metals positions,...Read More

AMAT has tacked on 86% in 2019 aloneChip name Applied Materials, Inc. (NASDAQ:AMAT) is up 8% to trade at $61.53 -- and nabbed a fresh annual high of $61.90 this morning -- the equity swimming in bull notes after the company's fiscal fourth-quarter results last night. Applied Materials shared a quarterly beat and forecast its fiscal first-quarter revenue at $4.1 billion, above analyst estimates. T...Read More

It's not entirely clear to us why the utilities stock sold off suddenly on ThursdayUtilities stock CenterPoint Energy, Inc. (NYSE:CNP) fell sharply yesterday, closing the session down 5% amid heavy trading volume to hit a fresh 52-week low. It's not entirely clear what was behind the selling, but a number of bear notes have come through since yesterday's close. Last evening Credit Suisse downgrade...Read More

Larry Kudlow said Thursday evening that a phase one trade deal between China and the U.S. was imminent Renewed trade optimism has Dow futures on the rebound after last night's drop. The blue chip index is signaling an 80-point gain on comments from White House economic advisor Larry Kudlow that the U.S. and China are on the precipice of a trade agreement. Elsewhere, investors are combing over a b...Read More

Brazilian miner Vale has diversified its iron ore sales to yuan-denominated futures contract pricing, which is the first time for global miners to use such pricing.Vale's Shanghai branch has signed a deal with the trading arm of Shandong Laigang Yongfeng Steel for a Qingdao-port-delivered cargo of Brazilian Blend fines to be priced against the May 2020 iron ore futures contract on China's Dalian C...Read More

Guinea's largest bauxite developer, SMB-Winning Consortium, has won a tender to develop two blocks of the Simandou project, the site of what is considered one of the world's largest untapped deposits of high-grade iron ore.Shareholders of SMB-Winning Consortium include China Hongqiao Group Limited, a leading manufacturer of aluminum products in China, and Yantai Port Group, a port operator in the...Read More