A handful of congressional testimonies were making headlines all at the same timeIt was another session of choppy trading on Wall Street, with the Dow settling the day in the red. While the Nasdaq managed to move higher, the S&P 500 failed to gain momentum, stalling out just below the closely watched 2,800 level. Traders did their best to monitor the concurrent congressional testimonies of Fed Cha...Read More

SRPT stock is at its highest level since late SeptemberStocks are trading lower today after U.S. Trade Representative Robert Lighthizer's congressional testimony. Among individual names making notable moves are drugmakers Sarepta Therapeutics Inc (NASDAQ:SRPT) and Jazz Pharmaceuticals PLC (NASDAQ:JAZZ), as well as nutritional supplements retailer GNC Holdings Inc (NYSE:GNC). Here's a quick look at...Read More

One of the stocks is flirting with a 13-day win streakSoftware names Workday Inc (NASDAQ: WDAY) and VMware, Inc. (NYSE:VMW) are set to report earnings after the close tomorrow, Feb. 28, and both stocks have been strong heading into the quarterly updates. Below, we'll take a closer look at WDAY and VMW shares to see how Wall Street is positioned before earnings. Room For Bull Notes on WorkdayWDAY s...Read More

Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. International oil companies (IOCs) are likely to face a Black Swan scenario, which could end up being a boon for state-owned oil companies (NOCs).Increased sharehold...Read More

Arbitrage losses have put downward pressure on the Shanghai cif full-plate nickel premium, but the other Chinese nickel premiums were unchanged week on week, as were those in the United States and Europe. Chinese cif full-plate nickel premiums edged down on the basis of widened arbitrage losses European premiums remained flat across the board despite positive macroeconomic sentiment US briquettes...Read More

By: Jordan Roy-Byrne CMT, MFTABack in 2013 I recall having a bearish view on the stock market due to extremely bullish sentiment readings. The market completely ignored that, made a major breakout through 13 year resistance and continued running for years.Lesson learned.Turning to Gold, we find something similar during major breakouts in 2005, 2007 and 2009. In the chart below we plot Gold alon...Read More

By: Ira EpsteinFed Powell was more of a political discussion and not financial.Lower dollar, yields falling. Gold's volatility falling, a market in no-man's land. Gold held $1,323.3 -- bulls won the day. Gold's seasonal chart running into resistance...Read More

Rick's Picks avidly follows the stock market's ups and downs each day, as well as the way it is influenced by the Fed's silly obfuscations. On some days it feels as though the cheerleaders at The Wall Street Journal et al. are overdoing it, generating enough hubris to stand economic logic on its head. But let's not kid ourselves. Whether this rally has a week to go, a month, or even a year, t...Read More

The stocks have ended March higher every year for the past decadeOil prices are higher this afternoon, after U.S. crude and gasoline inventories declined last week. Meanwhile, a pair of energy stocks could muscle even higher in the next few weeks, if recent history is any indicator. Specifically, both Atmos Energy Corporation (NYSE:ATO) and Sempra Energy (NYSE:SRE) stocks tend to thrive in the mon...Read More

Gold will break free from $1320-$1340 trading range and form a new range anytime soon. Silver needs to trade over $1596 to zoom. Copper needs to trade over $291 (till Monday) to zoom. If crude oil rises today and tomorrow, then chances of $60 by next week will be very high. Germany's Merkel wants a united Europe to counter Asia. Chancellor Merkel has said that European political and business l...Read More

Back in 2013 I recall having a bearish view on the stock market due to extremely bullish sentiment readings. The market completely ignored that, made a major breakout through 13 year resistance and continued running for years. Lesson learned. Turning to Gold, we find something similar during major breakouts in 2005, 2007 and 2009. In the chart below we plot Gold along with its net speculative posi...Read More

VIX fell more than 30% below its 50-day trendline earlier this weekThe Cboe Volatility Index (VIX) has imploded by historical measures in 2019, falling from a Dec. 26 intraday peak at 36.20 to a Feb. 22 four-month closing low of 13.51. However, a rare technical signal just flashed for the stock market's "fear gauge," which could suggest a short-term spike in volatility, if past is precedent.Accord...Read More

The mobile game maker could be on sale at current levelsGlu Mobile Inc. (NASDAQ:GLUU) stock hit an 11-year high of $10.40 on Feb. 4, just before the company reported disappointing earnings. The equity subsequently dropped on the news, but has found an area of support atop the $8.50 level, and still boasts in impressive year-over-year gain of 129%. What's more, the mobile game maker just flashed a...Read More

Domestic prices for hot-rolled coil (HRC) in Southern Europe have moved up slightly over the past week, while import prices rises have stopped, sources told Fastmarkets on Wednesday February 27.Fastmarkets' weekly price assessment for domestic HRC in Southern Europe was ?,?485-510 ($551-580) per tonne ex-works on February 27, compared with ?,?480-510 per tonne ex-works a week earlier.An Italian in...Read More

Fed Chair Jerome Powell is concluding his congressional testimony todayThe Dow Jones Industrial Average (DJI) is sharply lower at midday, down nearly 150 points amid flurry of market-moving events. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are joining the Dow in the red,after U.S. Trade Representative Robert Lighthizer said in congressional testimony that "much still needs to be don...Read More

Today we warn of a potential downside price rotation in precious metals that may last 3~5+ weeks as metals set up for a massive breakout rally which we believe will start in late April or early May. Our custom indicators are suggesting that precious metals, and the general US stock markets, may be setting up for a bit of a reprieve rotation after a very impressive recovery. Be patient as we b...Read More

PLNT has been a long-term outperformer on the chartsShares of Planet Fitness Inc (NYSE:PLNT) are moving higher this morning, after the company last night reported fourth-quarter earnings that surpassed estimates. With earnings coming in at 34 cents per share on $174.4 million in revenue, PLNT was last seen up 6.8% at $60.81. PLNT has been on a long-term uptrend on the charts, having added 63% yea...Read More

BBY stock is soaring after a holiday-quarter beat The shares of Best Buy Co Inc (NYSE:BBY) are up 16% at $69.93 today, after the electronics retailer announced fourth-quarter earnings and revenue that beat expectations. The company also issued upbeat guidance and announced a dividend hike. BBY stockis now pacing for its biggest one-day pop since May 2017. BBY stock just bottomed out at an annual...Read More

Lead's three-month price on the London Metal Exchange climbed at the close of trading on Wednesday February 27, finishing above its nearby $2,100 per tonne resistance level amid a continued draw on the LME's dwindling inventory.Total LME lead stocks were now at their lowest level in a decade, with the amount of deliverable material now down to just 61,125 tonnes. More than 40% of on-warrant materi...Read More

The March 30 put was bought to open earlier this monthThe shares of Weight Watchers International, Inc. (NASDAQ:WTW) are bracing for a big drop out of the gate, after the weight loss specialist's disappointing earnings report was met with a round of bearish brokerage notes. And even news major stakeholder Oprah Winfrey will take a key role in the company's upcoming marketing campaign can't save th...Read More