New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 6, 2013
06:50 EDTUSOUnited States Oil Fund volatility low, oil steady on Venezuela’s Chavez death
United States Oil Fund overall option implied volatility of 21 is below its 26-week average of 28 according to Track Data, suggesting decreasing price movement, suggesting decreasing price movement into news Venezuela’s President Hug Chavez died.
News For USO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 17, 2015
14:58 EDTUSOOn The Fly: Weekly technical notes for Tech SPDR ahead of earnings in sector
Among the potentially significant charts for the coming week, The Fly is watching the Technology Select Sector SPDR (XLK), Financial SPDR (XLF), the S&P 500 (SPX) and the United States Oil Fund (USO). TECHNOLOGY SPDR: In a week ahead filled with important tech names reporting earnings, the ETF is also trending close to long-term support at its 50-week moving average at $40.33. The uptrend in this ETF has been stable since late 2011, with only a minor test below the 50-week on two occasions in that time. A breakdown could therefore be quite bearish and would be a significant drag on the S&P 500 index given its heavy weighting therein. FINANCIAL SPDR: After a week heavy with bank earnings, the ETF is close to an important long-term technical inflection point. Looking at a 5-year chart, the 50-week moving average is nearby at $23.55. A breakdown below that level in the week ahead could end the run the sector has enjoyed since June 2012. Support below would be at $22.89. Given the high degree of correlation with the S&P 500, weakness or strength in the Financials could help determine where the index goes next. S&P 500: The index took a hit in trading today that edged it below the 50-day moving average. For now the key area of interest on the downside is at 2040 to 2030, the low of its current trading range. Without a break lower, the range bound nature of index trading is likely to persist. The range is approximately between 2040 and 2110, putting the action at week's end right in the middle ahead of big earnings next week. In the context of the long-term trend, the index is nearing a test of support at its 50-week moving average which was last at 2011.50. Until or if that level breaks, the bias is still up. The 50-week has only been broken in major fashion once since the rally began in early 2012 and that was during the lows of October last year. UNITED STATES OIL FUND (USO): The ETF ticked a key level this past week and needs to be watched closely in the coming week. If the $20 level is breached again on the upside it would signal the potential for a strong run higher. The pattern is currently that of a rounding bottom with a bullish inverted head and shoulders embedded within that has upside potential over time to $21.50 to $22.
April 15, 2015
14:18 EDTUSOUnited States Oil Fund nears key technical resistance
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use