Trader: It's time to bet on a big biotech rally by Alex Rosenberg The real biotech rally is just getting started, according to options trader Andrew Keene of AlphaShark. The popular IBB ETF, which tracks Nasdaq biotech stocks (IBB), has seen a bit of a roller-coaster ride this year. The product lost more than a third of its value in the...
Trader: These two charts show that golden times are ahead for the miners by Annie Pei Traders ought to keep going for the gold, according to one trader. The gold miners have skyrocketed this year, with the ETF tracking the group (GDX) (GDX) (GDXJ) more than doubling in 2016. And Todd Gordon of TradingAnalysis.com says the gains aren't over yet. "The gold...
Don't Fear the Eerie Calm in U.S. Stocks by Nir Kaissar There’s a strange disconnect today between some investors’ trepidation about U.S. stocks and the soothing signals coming from the equity market. As my Bloomberg colleague Barry Ritholtz recently noted, a whole bunch of high-profile money mavens — Stan Druckenmiller, George Soros and Bill Gross included — are kvetching about the...
VIX Plunges to Lowest Level in Two Years by Chris Dieterich Stock market volatility was low already but the CBOE Volatility Index (VIX) (VXX) on Friday fell to its lowest level in two years. Friday’s level is also extremely close to the lowliest readings over the past five five years. The stock market’s so-called “fear gauge” plunged 8.5% to 11.32 in recent trading,...
How avoiding groupthink can pay off for investors by Simon Maeirhofer What does it take to be a successful investor? There are many requirements, but one of the most important, in my humble opinion, is the ability to tune out the noise and objectively assess the emotional state of the media/investment community. When groupthink becomes a strong force, it's often a...
Earnings beats are concealing bad results S&P 500 earnings are still 'poor', even if they are better than expected by Tomi Kilgore Investors shouldn’t be fooled by this season’s “better-than-expected” earnings—they are still pretty bad. With nearly 90% of the S&P 500 companies having reported second-quarter results through Friday morning (437 out of 505), aggregate earnings-per-share for the group are...
Goldman Warns 'Supply Storm' to Engulf Global Copper Market Metal may retrest to $4,000 over 12 months, bank forecasts Copper has lagged behind gains in zinc, nickel this year by Bloomberg News A storm’s about to hit the global copper market (JJC), according to Goldman Sachs Group Inc., which forecasts that the price may slump to $4,000 a metric ton...
These two types of stocks will propel the market higher: Trader by Annie Pei The S&P 500 (SPX) (SPY) has fallen into a trading range as of late, but one trader has identified two industry groups as drivers of another market rally. Todd Gordon of TradingAnalysis.com took a look at Monday's top sectors, which featured information technology (XLK) and health care...
Big bull Tom Lee admits: 'August scares us' and here's why: Strategist Tom Lee is known for perennially serving as one of the biggest bulls on Wall Street, but when asked about the month ahead, he's striking a markedly cautious tone. "August scares us," the co-founder of Fundstrat Global Advisors said Monday on CNBC's "Trading Nation." He pointed to two...
The VIX is low, but it's too low to signal a major market top Contrarian investing 101 says low volatility means high complacency, is that true today? by Simon Maeirhofer The CBOE Volatility Index (VIX) (VXX) recently closed at 11.77, the lowest level since Aug. 26, 2014. According to contrarian investing 101, low volatility means high complacency, and high complacency is usually...
