Despite a lackluster end to a lackluster week, a surprisingly bullish September mean we ended the third quarter on a high note. For the three-month stretch the S&P 500 advanced 7.2%. It's something of a two-edged sword. The end of September and the beginning of October are usually soft spots for stocks anyway, and the market is arguably overbought and...
By Annie Pei, CNBC Gold's on track for its longest losing streak in almost 30 years, but Jeff Kilburg, a CNBC "Futures Now" trader, says the yellow metal could be due for a comeback. On Thursday, gold fell back below $1,190 to a six-week low. The precious metal is now on track for its sixth straight month of losses, it's...
By Annie Pei, CNBC Gold's on track for its longest losing streak in almost 30 years, but Jeff Kilburg, a CNBC "Futures Now" trader, says the yellow metal could be due for a comeback. On Thursday, gold fell back below $1,190 to a six-week low. The precious metal is now on track for its sixth straight month of losses, it's...
By Keris Lahiff, CNBC Facebook has flashed a technical warning sign. Its shares entered a death cross last week, meaning its 50-day moving average moved below its 200-day moving average. The technical sign warns of a rapid decline in stock price relative to longer-term performance. Its steep drop over the past two months has one former Facebook bull worried. "We...
By Keris Lahiff, CNBC Facebook has flashed a technical warning sign. Its shares entered a death cross last week, meaning its 50-day moving average moved below its 200-day moving average. The technical sign warns of a rapid decline in stock price relative to longer-term performance. Its steep drop over the past two months has one former Facebook bull worried. "We...
By Keris Lahiff, CNBC Stocks are fighting to take back record levels this week. One technician is looking in an unusual corner of the market for proof the S&P 500 can build on the rally. "In the commodity markets, we're encouraged that the price of oil is outperforming the price of gold," Ari Wald, head of technical analysis at Oppenheimer,...
By Keris Lahiff, CNBC Stocks are fighting to take back record levels this week. One technician is looking in an unusual corner of the market for proof the S&P 500 can build on the rally. "In the commodity markets, we're encouraged that the price of oil is outperforming the price of gold," Ari Wald, head of technical analysis at Oppenheimer,...
Even relatively new option traders know all too well that option pricing is quirky, and seemingly inconsistent. There are several variables — some of which have been identified and quantified — that explain the parts of the practice that don't make easy sense. They're called "the Greeks," and perhaps without even realizing it, novice option traders have been forced to...
Even relatively new option traders know all too well that option pricing is quirky, and seemingly inconsistent. There are several variables — some of which have been identified and quantified — that explain the parts of the practice that don't make easy sense. They're called "the Greeks," and perhaps without even realizing it, novice option traders have been forced to...
By Keris Lahiff, CNBC After the bell Friday, around $2.8 trillion in equities reshuffled into the newly created communications services sector. Those changes leave the tech sector looking a little different to investors. "What's going to be left of the technology sector is going to be largely driven by the hardware and the software and services space," explained Lindsey Bell,...
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