Once again the bulls were tested, and once again they fought back when they were dangerously close to the edge of the cliff. And, once again they failed make a decisive bullish move that shakes off the marketwide lethargy. Translation? A corrective move is still a distinct possibility. Stocks just continue to ride the fence. As was the case a...
By Jim Wyckoff, Kitco Gold and silver prices are modestly lower in early morning U.S. trading Friday, on routine downside corrections in uptrends and some profit taking heading into the weekend, after hitting 3.5-month highs earlier this week. June gold futures were last down $2.50 at $1,879.30 and July Comex silver was last down $0.142 at $27.925 an ounce. Global...
— Lowe's is moving lower after its earnings report. After the stock's big rally, that's no surprise. Here's where to consider going long. — By Bret Kenwell, TheStreet.com Lowe's (LOW) is not doing well on Wednesday, down 2% after the home-improvement retailer reported earnings. That reaction should come as very little surprise, for several reasons. First, it doesn't help that...
Last week we started an instructive dive into debit spread trades, using a real-life example from our Debit Spread Options Advisory. Namely, we dissected why we were bullish on Caesars Entertainment (CZR) back on April 20th, and why we opted to purchase the 83 calls expiring a week and a half later and at the same time chose to sell...
Last week we started an instructive dive into debit spread trades, using a real-life example from our Debit Spread Options Advisory. Namely, we dissected why we were bullish on Caesars Entertainment (CZR) back on April 20th, and why we opted to purchase the 83 calls expiring a week and a half later and at the same time chose to sell...
As was predicted, Monday's and Wednesday's drubbings were so bad, stocks bounced pretty firmly on Thursday and Friday. Don't get too excited just yet though. As big as the rebound move was, it didn't lift any of the indices above any of their key lines in the sand. The bulls still have much to prove, and they still have to...
As was predicted, Monday's and Wednesday's drubbings were so bad, stocks bounced pretty firmly on Thursday and Friday. Don't get too excited just yet though. As big as the rebound move was, it didn't lift any of the indices above any of their key lines in the sand. The bulls still have much to prove, and they still have to...
By Ernestine Siu, CNBC The FAANG stocks have taken a hit this week. Facebook, Amazon, Apple, Netflix, and Google parent Alphabet are tracking to close the week down by at least 3%, despite a slight rebound on Thursday. These tech and growth stocks have suffered from the sell-off triggered by rising inflation fears. With Big Tech taking a major hit,...
– At Wednesday's high, FuboTV stock was up almost 50% from the prior day's low. What's going on with this wild mover? – By Bret Kenwell, TheStreet.com FuboTV (FUBO) has been incredibly volatile over the past few days. Despite that volatility, the bulls are hoping that the bottom is in. The stock is up about 10% on Wednesday after the...
Was that "the big one?" The big tumble that kick-starts a cascade of profit-taking? The stage is certainly set for that sort of action following the NASDAQ's 115% gain from last March's low to last month's high. Perhaps more telling is that the NASDAQ's 2.7% tumble on Wednesday is the worst session in several weeks, dragging the composite 8.7% below...
