By Stewart Thomson, Investing.com For the past two weeks, US interest rates have rocketed higher…yet gold has basically traded sideways. This is one of many signs of underlying strength in the gold market. 10 Year US Treasury Yield Index The stunning “rates and gold” chart. Gold’s price action can lag interest rate changes… or lead them. It’s possible that the current...
By Jim Van Meerten, Barchart (Jul 7th, 2023) The Chart of the Day belongs to the healthcare company AmerisourceBergen (ABC). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the...
Stocks just weren't able to follow through on the previous week's breakout thrust last week. They started anemically on Monday, and once trading resumed (after the 4th of July) on Wednesday, the sellers were even more aggressive. Despite a couple of flashes of bullish brilliance, the S&P 500 ended the holiday-shortened week down to the tune of 1.1%. The NASDAQ...
Stocks just weren't able to follow through on the previous week's breakout thrust last week. They started anemically on Monday, and once trading resumed (after the 4th of July) on Wednesday, the sellers were even more aggressive. Despite a couple of flashes of bullish brilliance, the S&P 500 ended the holiday-shortened week down to the tune of 1.1%. The NASDAQ...
By Jim Van Meerten, Barchart Wednesday, July 5th, 7:00AM CDT The Chart of the Day belongs to the residential homebuilder Lennar (LEN) I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to...
Shrugging off the setback from two weeks ago, stocks logged a nice win last week to get back in the fight. In most cases stocks or the indices used a nearby technical support line to assist in the effort (which is what you want to see). There's still the not-so-small problem of being well overbought thanks to the enormous runup...
Shrugging off the setback from two weeks ago, stocks logged a nice win last week to get back in the fight. In most cases stocks or the indices used a nearby technical support line to assist in the effort (which is what you want to see). There's still the not-so-small problem of being well overbought thanks to the enormous runup...
Veteran option traders understand the concept well enough. While plenty of investors aim to avoid sea-sickening volatility from their long-term holdings, volatility is precisely what many option traders seek out. Volatility makes option prices move further and faster, in fact. Indeed, the whole point of the option Greek "Vega" is to let a would-be trader know how much an option's...
Veteran option traders understand the concept well enough. While plenty of investors aim to avoid sea-sickening volatility from their long-term holdings, volatility is precisely what many option traders seek out. Volatility makes option prices move further and faster, in fact. Indeed, the whole point of the option Greek "Vega" is to let a would-be trader know how much an option's...
— Walgreens stock trades at roughly 7 times management's new adjusted earnings outlook and has a 6.8% dividend yield. Here's what the chart says. — By Bret Kenwell, TheStreet.com Walgreens (WBA) stock is getting dragged through the mud after the drugstore giant reported disappointing fiscal-third-quarter results. While revenue of $35.42 billion grew 8.7% year over year (and topped expectations by...
