One trader sold to open a major position on HumanaHumana Inc (NYSE:HUM) shares have been skyrocketing since skimming the $250 level early last month, last seen at $316.70 -- a roughly 27% rise. One options trader is looking to make a quick buck by betting on HUM stock holding these gains through the end of this week, since data from today's trading seems to suggest one speculator sold to open 3,81...Read More

There's room for upgrades to the GPS stockTo close out October, GPS concern Garmin Ltd. (NASDAQ:GRMN) gapped higher in the wake of a well-received corporate report. GRMN continued to climb into November, and nabbed a nearly 12-year high of $97.59 earlier today. There's reason to believe the stock still has more room to run too, after flashing this bullish signal. More specifically, GRMN's new hi...Read More

The 120-day moving average has had bearish implications for the equity in the past Since posting a third-quarter report that missed analysts' estimates last week, resulting in a three-week low of $9.12, the shares of AMC Entertainment Holdings Inc (NYSE:AMC) have been struggling on the charts. While the stock briefly popped north of its 30-day moving average, the trendline has served as stiff resi...Read More

Global central banks have been pumping the liquidity spigots 24/7 and the US Fed is starting to go that way as well. This during a time of supposed economic splendor and fruitfulness (it is these contradictions that are the windows into a ginned up, leveraged economy dependent on monetary policy) while the S&P 500 breaks through the bull turnstile to blue sky. A real economy and real stock mar...Read More

The S&P and Nasdaq are sharply lower at midday, tooStocks are starting the week on a negative note, as Wall Street weighs mixed messages on U.S.-China trade relations coming from President Donald Trump. Following last Friday's reports that he had not agreed to roll back U.S. tariffs on Chinese goods, Trump told reporters over the weekend that the "level of tariff lift is incorrect," and suggested...Read More

Fastmarkets has corrected its daily index for steel billet exports, fob Black Sea, which was published incorrectly on Monday November 11 due to a reporter error.The daily steel billet index, export, fob Black Sea, CIS, was wrongly published as $380 per tonne on Monday. It should have been $373 per tonne.Fastmarkets' price book and database have been updated to reflect this correction.For more info...Read More

SPWR has found support at its 320-day trendlineThe shares of SunPower Corporation (NASDAQ:SPWR) are up 10.2% to trade at $9.22 today, after the solar name announced it would split into two separate publicly traded companies. The new company, Maxeon Solar Technologies, will be independent, complementary, and strategically aligned with SunPower, and will rely on a $298 million investment from partn...Read More

By: Avi GilburtWhile reading of the title of this article may cause you to make certain assumptions about what you are about to read, I can assure you that this is not a politically motivated article. In fact, politics has absolutely nothing to do with the analysis and conclusions presented herein.I want to start with the assumption that we have spoken about so often, and that it is social moo...Read More

…the financial systemexperienced some serious liquidity shortages in August 2007, and the Fedinjected funds to help keep financial markets operating effectively so thatthey would continue to support ongoing economic activityFederalReserve Bank of San Francisco, August 2007In August 2007, a credit crunchswept global markets forcing central banks to provide billions in emergencyliquidity to e...Read More

Prices in the CIS export slab market picked up in the week to Monday November 11, supported by increased demand in Turkey and China as well as a stronger finished flat steel sector both domestically and in some of customers' markets.Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS, was $340-360 per tonne on November 11, up by $5-15 per tonne.Early last week, several...Read More

BIDU has had a tough year on the chartsMere days off its recent post-earnings pop, Chinese tech name Baidu Inc (NASDAQ:BIDU) has received yet another bull note, this time out of Oppenheimer. The analyst upgraded the stock to "outperform" from "perform," with a price target of $145. Regardless, BIDU is down 1.5% this morning at $122.74, as the broader equities market sells off on U.S.-China trade...Read More

The analyst downgraded the stock to "equal-weight" but upped its price target A bear note from Morgan Stanley has sent the shares of Qualcomm, Inc. (NASDAQ:QCOM) down 3% to trade at $91.15 this morning. Specifically, the analyst dropped its rating to "equal-weight" from "overweight," but raised its price target to by $1 to $90. The brokerage firm said that while a deal between the U.S. and China -...Read More

Australia’s Mineral Resources (ASX:MIN) said last week it is pausing operations at its Wodgina lithium project, a joint venture with US-based Albemarle, due to “challenging lithium market conditions.” “Given the current challenging market conditions for lithium, the MARBL Lithium Joint Venture believes there is more value to be delivered in the long term by placin...Read More

The downtrend in the market for hot-rolled and cold-rolled steel sheet in Russia's Central Federal District around Moscow has continued, under pressure from low end-user demand, sources told Fastmarkets on Monday November 11.Fastmarkets' weekly price assessment for steel hot-rolled sheet, domestic, cpt Moscow, Russia, was 39,500-41,000 roubles ($619-642) per tonne on November 11, including 20% VAT...Read More

However, the VIX's 20-day call/put ratio suggests any potential slide in stocks could be limited"Nervous investors have socked $3.4 trillion away in cash. But stocks are rising and their nerves are calming, leading bulls to view the huge cash pile as a sign that markets have room to go higher.Assets in money-market funds have grown by $1 trillion over the past three years to their highest level in...Read More

Continued uncertainty over the lingering Beijing-Washington trade standoff are pressuring stocks this morningStock futures are set to retreat from last week's record wins, as growing concerns over U.S.-China trade plague Wall Street. This souring sentiment comes afterPresident Donald Trump on Friday tempered expectations for a mutual tariff rollback. An upsurge of violence in Hong Kong protests ov...Read More

Make no mistake: Oil and gas companies may be doing some serious cost-cutting and slimming-and-trimming to stay competitive after the shale boom binge, but when it comes to employment, it’s still one of the best industries to hit up for a job.Jobs are booming, just as much as U.S. oil and gas production is.US oil production has increased from 11.7 million bpd at the start of 2019 to 12.6 mil...Read More

The three-month nickel price on the London Metal Exchange continued to fall over the course of Monday November 11 to end the day's trading down by just under 4% against high turnover, while the rest of the complex similarly closed lower. The nickel futures price closed at $15,565 per tonne on Monday afternoon, its lowest 5pm closing price since August 7. Turnover in nickel was high over the day wi...Read More

David Becker5 hours ago (Nov 11, 2019 8:10 PM GMT)Gold prices edged lower on Monday, and showed little energy to bounce following a sharp drop on Friday. US yields also remain elevated following a surge on Friday and the dollar consolidated its recent gains. The strong showing in US yields put downward pressure on the greenback, and weaker than expected data in the UK did little to help ease deman...Read More

A line chart can give you a different perspective vs a bar chart which is why I like to use them both to help uncover a potential pattern. Line charts can often times give you a quicker heads when a stock is breaking out.Below is a weekly line chart for GLD which shows you why I’m so concerned about the PM complex right now. As you can see this weekly line chart shows a triple top with the b...Read More