Schaeffer's Todd Salamone talks with SmallCapPower at MoneyShow TorontoSchaeffer's Senior V.P. of Research Todd Salamone recently caught up with SmallCapPower at The MoneyShow Toronto to discuss options trading. Todd goes into detail about one mistake options traders will want to be sure to avoid: putting too much money into a single trade. There are a few reasons why committing too much capital c...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 322,91763,78567,189171,329466,686561,435597,660 Change from Prior Reporting Period 3,547-2,5589,9353,62910,71117,11118,088 Traders 19681815552278189 Small Speculators LongShortOpen Interest 64,09327,868625,528 1,0305318,141 non reportable...Read More

Gold has stalled out, drifting sideways to lower for nearly a couple months now. Traders are becoming more frustrated its preceding powerful rally has failed to resume. That is inexorably eroding this past summer's bullish psychology. Corrective phases to rebalance sentiment are normal and healthy after strong uplegs. Gold had grown too overbought, exhausting traders' near-term buying...Read More

By: Ira EpsteinGold's action is sideways action, I can't get super excited yet, but not as negative as I was the day prior. Read More

Trade optimism is powering Wall Street at middayThe Dow Jones Industrial Average (DJI) looks poised to finish the week strong, up nearly 200 points at midday, thanks to a blowout earnings report from chip icon Intel (INTC). The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are firmly in the black too, and heading for their third straight wins, with the former pacing for a record closing hig...Read More

The bear signal flashing could mean new lows for Exxon Mobil Blue chip Exxon Mobil Corporation (NYSE:XOM) is trading modestly higher today, up 0.2% at $69.24, though continued pressure from its 40-day moving average is thwarting the stock's attempt to break free from its year-to-date lows in the $66-68 region. Another trendline, in the form of the equity's 70-day moving average, is sitting just ab...Read More

The energy name will report third-quarter earnings after next Monday's closeIt's been a relatively quiet stretch for Transocean LTD (NYSE:RIG), per the stock's 30-day historical volatility of 50.3%, which registers in the tame 35th annual percentile. However, that could all change after the offshore drilling contractor steps in the earnings confessional after the market closes this Monday, Oct. 28...Read More

Goldman Sachs is saying Dick's Sporting Goods is now a buyDick's Sporting Goods, Inc. (NYSE:DKS) is trading up 1.5% this morning at $40.50, after Goldman Sachs upgraded its rating on the retailer to "buy" and set a $45 price target, which represents two-year-high territory for the shares. This comes as the options market has also been changing its tune on DKS, with call buying picking up in recent...Read More

The inter-merchant spot market for UK-origin light iron scrap was unchanged in the week ended Friday October 25, extending a steady run of prices into a fourth week in line with domestic demand and a pick-up in European steel scrap export prices this month.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?60-80 ($77-103) per tonne on F...Read More

RBC set a Street-high price target on NVDA stockRBC Capital raised its Nvidia Corporation (NASDAQ:NVDA) price target to $251 from $217 -- the highest on Wall Street, and a 27.5% premium to last night's close at $196.86. Analyst Mitch Steves pointed to Intel earnings, which showed strong data center demand, and he believes NVDA will likely experience higher growth relative to [central processing un...Read More

Verizon announced third-quarter earnings and revenue that topped analysts' expectations It was Verizon Communications Inc's (NYSE:VZ) turn to step into the earnings confessional this morning, reporting adjusted third-quarter earnings of $1.25 per share, and total revenue of $32.89 billion -- both of which beat analysts' estimates. The U.S. wireless carrier also boasted growth in subscribers that t...Read More

The chip stock is swimming in price-target hikes this morningTechnology powerhouse Intel Corporation (NASDAQ:INTC) is making notable moves this morning, already up 3.2%, to trade at $53.89. The Microsoft (MSFT) rival reported a third-quarter beat and simultaneously raised its full-year revenue guidance, with added comments from Chief Financial Officer George Davis saying the company saw no need t...Read More

Most in the analyst community are already skeptical of BUDA big earnings loser this morning is Anheuser-Busch Inbev NV (NYSE:BUD), after the beermaker's third-quarter numbers disappointed the Street. In addition, the company trimmed its profit growth forecasts, citing slower beer sales in Brazil and South Korea.All of this has Anheuser Busch stock down 8.3% this morning at $84, in what would be...Read More

Amazon's dismal earnings showing is weighing on U.S. marketsU.S. stocks are gearing up for what's looking like a mostly lower open this morning. Dow Jones Industrial Average (DJI) futures are modestly below fair value as traders have another full slate of earnings to consider, including quarterly results from Intel (INTC) and Amazon.com (AMZN), the latter of which is moving sharply lower before th...Read More

Turkish steel mills resumed their deep-sea scrap purchases at the end of this week, paying slightly higher prices, sources told Fastmarkets on Friday October 25.A steel producer in the Marmara region booked a US cargo, comprising 20,000 tonnes of HMS 1&2 (90:10) and 20,000 tonnes of shredded at an average price of $256 per tonne cfr. The price of shredded...Read More

A group of metals and mining companies including Glencore and Anglo American have joined forces with the World Economic Forum to explore the use of blockchain technology to accelerate responsible sourcing of raw materials. The Mining and Metals Blockchain Initiative will explore the building of a blockchain platform to address transparency, the track and tracing of materials, the reporting of carb...Read More

Prices in Southeast Asia's steel billet market declined slightly during the week to Friday October 25 despite a recovery in ferrous scrap prices amid an ample supply of Indian and Japanese billets.Scrap prices in the bellwether Turkish market, the world's largest import of steel scrap, have recovered since hitting a year to date trough of $218.98 per tonne on October 1.During the week to Friday, t...Read More

China's domestic rebar prices were largely flat on Friday October 25, while billet and futures both moved up.Eastern China (Shanghai): 3,580-3,610 yuan ($507-511) per tonne, unchangedNorthern China (Beijing): 3,550-3,600 yuan per tonne, widened upward by 10 yuan per tonneRebar futures rose after a data release on Thursday showed a sharp drop in inventories, sources said. Prices in the spot market...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 322,91763,78567,189171,329466,686561,435597,660 Change from Prior Reporting Period 3,547-2,5589,9353,62910,71117,11118,088 Traders 19681815552278189 Small Speculators LongShortOpen Interest 64,09327,868625,528 1,0305318,141 non reportable...Read More

Gold has stalled out, drifting sideways to lower for nearly a couple months now. Traders are becoming more frustrated its preceding powerful rally has failed to resume. That is inexorably eroding this past summer's bullish psychology. Corrective phases to rebalance sentiment are normal and healthy after strong uplegs. Gold had grown too overbought, exhausting traders' near-term buying...Read More