The great Chinese equity juggernaut rolls on. The Shanghai composite is up 14% this year, compared with the S&P 500’s sickly -0.1% performance. This, as we’ve noted, is a bona fide mystery: China’s economy is sputtering and yet its stock market only flies higher.ShareTap image to zoomThe tanking housing market is one likely culprit, as is the recent zeal for […]
MicronAnother battered chipmaker, Micron has slipped about 24 percent lower this year. The stock gained slightly on Thursday, and trader Karen Finerman believes it may have found a floor around $26 per share.NetflixVideo streaming service Netflix has floated 22 percent higher this year. It closed down nearly 1 percent, at about $418 per share on Thursday.Adami believes the stock will […]
Something rare is happening in the market
Jonathan Krinsky, MKM Partners, turns a technical eye on the S&P to get a read on “three black crows” and whether the negative trend will continue. And CNBC’s Courtney Reagan and the Futures Now Traders Scott Nations and Jeff Kilburg have a short trade on the S&P’s anomaly.
Stocks erased their early losses, spurring some […]
On a weak day for the markets Wednesday, one of the year’s worst performers proved to be a bright spot.Lumber Liquidators was up more than 10 percent and traded 57,000 options contracts. That might not seem like a lot compared to the Apples and Facebooks of the world, but it is substantially more than its much larger home improvement store […]
Stock Trading Alert: Stocks Sold Off And Retraced Last Week’s Advance, Will They Continue Down?By: Paul Rejczak | Thu, Mar 26, 2015SharePrintEmailStock Trading Alert originally published on March 26, 2015, 7:30 AM:Briefly: In our opinion, no speculative positions are justified.Our intraday outlook is now neutral, and our short-term outlook is neutral:Intraday outlook (next 24 hours): neutralShort-term outlook (next 1-2 weeks): […]
Stock Trading Alert: Stocks Sold Off And Retraced Last Week’s Advance, Will They Continue Down?By: Paul Rejczak | Thu, Mar 26, 2015SharePrintEmailStock Trading Alert originally published on March 26, 2015, 7:30 AM:Briefly: In our opinion, no speculative positions are justified.Our intraday outlook is now neutral, and our short-term outlook is neutral:Intraday outlook (next 24 hours): neutralShort-term outlook (next 1-2 weeks): […]
PM sends request to halt Saulat Mirza’s execution for further 30 daysA notice was sent by PM Nawaz to president to halt hanging of Mirza which had been earlier finalised for April 1Web DeskLeaked conversation: ‘Good, govt deserves it,’ Imran allegedly told Alvi after PTV attackPTI leader says unverified audio is manipulated, official statement over ‘phony’ controversy yet to be […]
Bollywood films not for children in Aamir Khan’s opinionAamir Khan asserts his dismay at Bollywood content claiming it’s not appropriate for children.Web DeskCo-pilot intended to destroy Germanwings plane: prosecutorCo-pilot identified as German citizen, not known to have any links to terrorism or extremistsAFP’Slumdog’ author is India’s new foreign ministry spokespersonSwarup will take over from spokesperson Syed Akbaruddin who has spent […]
TransportsA more than 3 percent jump in U.S. crude oil prices helped to push Dow transportation stocks 2 percent lower on Wednesday. Delivery services company FedEx also fell more than 2 percent.Read MoreThere’s a huge sentiment split building in marketWeakness in the stock offers a buying opportunity, Seymour said. It closed around $165 per share on Wednesday.Trader Brian Kelly looked […]
A very interesting day in the markets as the S&P 500 fell 1.46% and the NASDAQ 2.37%. Biotechs were crushed today – we’ve been saying the higher they go the more risk they get as they have been on a mostly interrupted run for 4+ years. That said you just never know when they will correct and even if it’s […]
