Stocks essentially broke even for the holiday-shortened week. Yet, somehow the market ended last week on a high note, still headed higher. That doesn't preclude a pullback from still developing. As was the case a week ago and also in the middle of this past week though, there's room for a pullback without snapping the young rally effort. It's all...
Stocks essentially broke even for the holiday-shortened week. Yet, somehow the market ended last week on a high note, still headed higher. That doesn't preclude a pullback from still developing. As was the case a week ago and also in the middle of this past week though, there's room for a pullback without snapping the young rally effort. It's all...
By Gavin McMaster, Investors.com A put ratio spread is an advanced option trade that can have its place within an option portfolio – even in a blue chip such as Boeing (BA). Boeing stock is showing bullish action so far in 2023 and has set up a flat base that offers a 221.43 buy point. Option veterans generally consider the...
With nothing more than a passing glance it would be easy to dismiss Tuesday's slight pullback as predictable action. Stocks were frothy through last Friday thanks to the market's up 10% just since its mid-March low, and ripe for some profit-taking. A stall could have been expected here. Except, there may be more to the sudden slowdown here then there...
With nothing more than a passing glance it would be easy to dismiss Tuesday's slight pullback as predictable action. Stocks were frothy through last Friday thanks to the market's up 10% just since its mid-March low, and ripe for some profit-taking. A stall could have been expected here. Except, there may be more to the sudden slowdown here then there...
— Defense stocks hit multiweek highs as Lockheed Martin and Raytheon posting a strong rally. Here's what to watch for now. — By Bret Kenwell, TheStreet.com The stock market has been trading pretty well lately and defense stocks have joined the party. Lockheed Martin (LMT) and Raytheon (RTX) on Monday had moved up 2.9% and 2.7% respectively. While the gains...
— Defense stocks hit multiweek highs as Lockheed Martin and Raytheon posting a strong rally. Here's what to watch for now. — By Bret Kenwell, TheStreet.com The stock market has been trading pretty well lately and defense stocks have joined the party. Lockheed Martin (LMT) and Raytheon (RTX) on Monday had moved up 2.9% and 2.7% respectively. While the gains...
— Wynn Resorts stock is teetering on a breakout that could send it back to the year-to-date high (and possibly much higher). — By Bret Kenwell, The Street.com Wynn Resorts (WYNN) started off the year with a bang, the shares exploding to the upside. The casino company's shares rallied in six of the first eight weeks of 2023. The two...
Stocks managed to log their third winning week in a row last week, and in so doing are (mostly) above all the major technical ceilings that could have stopped the rally effort. Yes, from a trend-trading perspective, this is bullish. Too good for our own good? Maybe. Certainly stocks ended last week on an unusually-high note, setting the stage for...
— Here are the must-know chart levels for those looking to take a position in JPMorgan stock. — By Bret Kenwell, TheStreet.com JPMorgan (JPM) and other bank stocks have been caught in a wave of volatility lately. Specifically, JPMorgan has held up better than other names, but its shares have still suffered a peak-to-trough decline of 14.5% this month. The...
