The latest trade news is sending the tech sector into a spiral todayThe tech sector is feeling the brunt of the latest trade worries weighing on Wall Street, with the Nasdaq on track for its worst daily loss since April 2. Chip stocks are getting hit especially hard, and the VanEck Vectors Semiconductor ETF (SMH) is down 3.4% at $102.98. Options bears are targeting even bigger losses, too, with pu...Read More

FSLR stock is hovering near a number of key technical levelsFirst Solar, Inc. (NASDAQ:FSLR) has been consolidating since a sharp pullback earlier this month that was compounded by a string of bearish analyst notes. In the meantime, some analysts have come to the stock's defense, like Baird two weeks ago, and BofA-Merrill Lynch, with the latter this morning upgrading FSLR shares to "buy" from "neut...Read More

ATXI began trading publicly in late June of last yearPharmaceutical concern Avenue Therapeutics Inc (NASDAQ:ATXI) is lower in afternoon trading, erasing early gains likely due to broad-market headwinds. Nevertheless, one analyst thinks ATXI could more than double on the charts, and initiated coverage with a "buy" rating. Specifically, H.C. Wainwright started the penny stock with a "buy" endorseme...Read More

MU stock has shed almost 18% since its late-May peakChip stocks are selling off today on renewed U.S.-China trade tension. Micron Technology, Inc. (NASDAQ:MU) is one name that's plummeting alongside its sector peers -- likely putting recent options traders on edge.In fact, Micron popped up on Schaeffer's Senior Quantitative Analyst Rocky White's list of 20 stocks that have attracted the highest op...Read More

 CloseGain/LossGold $1265.80-$4.40Silver$16.35-$0.11XAU80.52-1.80%HUI174.14-1.58%GDM612.82-0.83%JSE Gold1061.17-5.41USD94.30-0.25Euro117.02+0.39Yen91.06-0.07Oil$68.08-$0.5010-Year2.875%-0.020T-Bond144.15625+0.1875Dow24252.80-1.33%Nasdaq7532.01-2.09%S&P2717.07-1.37%  The Metals: Gold chopped between $1264.50 and $1270.50 in Asia before it drifted back lower in London and New...Read More

The software name's pullback could be overOnline security name Okta Inc (NASDAQ: OKTA) was red-hot earlier this month, but has recently cooled down. And although OKTA is currently down 5.2% to trade at $49.37,the stock's pullback could be a prime buying opportunity, if history is any guide. OKTA stock has now given back 12% in June, and is on track to post its worst month since December. Despit...Read More

For those that follow me regularly, you will know that I have been tracking a set-up for the SPDR Gold Trust ETF (NYSEARCA:GLD), which I analyze as a proxy for the gold market. I also believe that gold can outperform the general equity market once we confirm a long-term break out has begun, and I still think we can see it in occur in 2018. This week, I will provide an update to GLD.While I have go...Read More

It's already been a strong gainer in 2018Chinese stocks continue to land under the microscope in light of the U.S.-China trade spat. For example, Hong Kong-based containership specialist Seaspan Corp (NYSE:SSW) is sliding today -- though the sell-off may be short-lived. Below we will examine how SSW has been faring on the charts, as well as why now may be an affordable time to bet on the stock's n...Read More

Stocks are in free fallStocks are extending their morning losses, with the Dow Jones Industrial Average (DJI) trading about 300 points below breakeven. The price action is even worse for the Nasdaq Composite (IXIC), which is on track for its worst day since April 6, due to sharp losses out of the tech sector. Investors are taking a risk-off approach following the latest trade warnings from Preside...Read More

CPB shares just broke past a key trendlineCampbell Soup Company (NYSE:CPB) stock is up 8.6% to trade at $41.95, after the New York Post reported that Kraft Heinz (KHC) is interested in buying the packaged food maker. The report also cited General Mills (GIS) as a possible suitor for Campbell, which earlier this month expressed openness to exploring strategic options. The news was followed by a pr...Read More

Shares of Quest Diagnostics just notched their highest close in over a yearAbout a month ago, we highlighted the growing bullish bias toward healthcare stock Quest Diagnostics Inc (NYSE:DGX), and that trend is continuing this morning. DGX shareswere just upgraded to "overweight" from "equal weight" at Barclays, which also hiked its price target to $130 from $120 -- representing all-time-high terri...Read More

Trump continued to escalate his trade rhetoric over Twitter this weekendFutures on the Dow Jones Industrial Average (DJI) are pointed sharply lower on renewed trade tensions. Following last week's threat of steep duties on European auto imports, U.S. President Donald Trumpinsisted via a Sunday tweet that "all countries that have placed artificial Trade Barriers and Tariffs on goods going into thei...Read More

The White House is also reportedly considering limiting Chinese investment into U.S. tech firmsIt could be a rough day for chip stocks, following reports the Trump administration is considering banning the purchase of U.S. technology firms by companies with at least 25% Chinese ownership, as well as limiting more tech exports to China. Exacerbating these sector headwinds for Intel Corporation (NAS...Read More

Short interest is rolling over on RUT stocks, but 1,700 looms overhead"Ironically, short-term market participants have turned positive on stocks just ahead of this Wednesday's FOMC meeting... note that stocks have struggled in the month after a rate hike during the current tightening cycle -- with a notable exception being December 2017, when tax cuts 'Trumped' Fed policy."-- Monday Morning Outloo...Read More

The consumer staples ETF is lagging the broader equities market by a historic marginThe following is a reprint of the market commentary from the July 2018 edition of The Option Advisor, published on June 22. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.The underperformance in consumer staples stocks this year has...Read More

The European Commission (EC) needs to wait before making a decision in the safeguard case until trade flow changes become clear because, currently, there is no threat to the EU steel market from imports, Tommaso Sandrini, president of Italian steel distributors' association Assofermet told Metal Bulletin.The EC opened an investigation in late March, in an attempt to prevent steel shipments being r...Read More

Restrictions on sintering and pellet output to reduce pollution in China, along with high mill margins, have led to iron ore pellet premiums rising as mills favour the least-polluting material tomaintain output and meet emissions targets.PelletsMetal Bulletin's 65% Fe Blast Furnace Pellet Index was at $114.48 per tonne for the week ending Friday June 22, up $2.44 per tonne - or 2.2% - from $112.04...Read More

India is proposing increases for import duties on 30 products from the United States including certain steel goods, in a tit-for-tat move against the latter's Section 232 tariffs on steel and aluminum.Flat-rolled coated steel, stainless hot-rolled steel coil, grain-oriented electrical steel, steel spring and several other structural and construction steel products will be subject to a 15% increase...Read More

 CloseGain/LossGold $1265.80-$4.40Silver$16.35-$0.11XAU80.52-1.80%HUI174.14-1.58%GDM612.82-0.83%JSE Gold1061.17-5.41USD94.30-0.25Euro117.02+0.39Yen91.06-0.07Oil$68.08-$0.5010-Year2.875%-0.020T-Bond144.15625+0.1875Dow24252.80-1.33%Nasdaq7532.01-2.09%S&P2717.07-1.37%  The Metals: Gold chopped between $1264.50 and $1270.50 in Asia before it drifted back lower in London and New...Read More

By Ira EpsteinGold continues with its gloomy ways.https://iraepstein.com/ Read More