The second largest single-day selloff this summer has the Dow down 300 points, with both the Nasdaq and S&P also significantly down. Key support level for traders sits at 280, major indices closed higher yesterday signaling continued volatility...
Read MoreChip maker Nvidia (NVDA) is set to report earnings after the close, and the options market is bracing for shares to move over 6% or about $15 up or down. I’m going to use an options trading strategy I’ve dubbed “the stack”...
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After flirting with all-time lows for most of the summer, the Turkish currency, lira, hit historic lows on Friday, and trader even lower today, which propelled the dollar and other haven currencies and commodities higher. Similarly trending downward...
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RoboStreet – August 9, 2018 Protecting and Hedging an Overbought Market It was only ten trading sessions ago the Nasdaq tanked 300 points in 48 hours when it was thought that the FAANG stocks had hit a wall after two members’, Netflix...
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As earnings season nears an end the market remains overbought in my opinion. Investors and traders should look to hedge while the market awaits its next economic stimuli to take it above its 52 week high. Tech and financial sectors continue to lead...
Read MoreWith the S&P 500 climbing back within 1% of the all-time highs, this bull market is not only second-largest in terms of percentage gains but closing in as one the longest in terms of days. The current market news is heartening, to say the...
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U.S. assets were under early morning pressure from further tension building between China and the U.S., with more tariffs looking more likely with each day, however, assets have since rebounded to edge higher behind strong energy and financial...
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