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Stock Market News and Commentary

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Sun, Jun 4th, 2023
Crude Inventories, Unemployment Claims and Other Key Things to Watch This Week

Markets breathed a sigh of relief last week as it appears the debt ceiling drama has come to an end (at least for now). Even with that behind us, there are still plenty of things to watch in the upcoming...

$SPX : 4,282.37 (+1.45%)
SPY : 427.92 (+1.45%)
AAPL : 180.95 (+0.48%)
AMZN : 124.25 (+1.21%)
TSLA : 213.97 (+3.11%)
Apple Stock Rises Over Its Historical Value Metrics, Making Short Put Trades Attractive

Apple stock has risen based on its recent dividend hike and higher share buyback program. AAPL stock is now over its historical P/E average. This makes shorting puts attractive for investors.

AAPL : 180.95 (+0.48%)
Confused by Investing Jargon? Don’t Be.

Here's a beginner's guide to common stock market-related terms that people frequently ask about

AMC : 4.55 (unch)
GME : 24.64 (+2.24%)
Tesla Stock ( $TSLA ) Buying The Dips At The Blue Box Area

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of Tesla Stock ( $TSLA ) . As our members know, the stock is trading within the cycle from...

TSLA : 213.97 (+3.11%)
Stocks End Sharply Higher as Default Risks Subside and Wage Pressures Ease

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Friday closed up +1.45%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +2.12%, and the Nasdaq 100 Index ($IU XX) (QQQ ) closed up +0.73%....

$SPX : 4,282.37 (+1.45%)
SPY : 427.92 (+1.45%)
$DOWI : 33,762.76 (+2.12%)
DIA : 338.07 (+2.15%)
$IUXX : 14,546.64 (+0.73%)
QQQ : 354.65 (+0.75%)
DISH : 7.30 (+16.24%)
MMM : 102.53 (+8.75%)
LULU : 365.44 (+11.30%)
CAT : 226.63 (+8.40%)
URI : 361.60 (+6.58%)
SWK : 80.73 (+6.03%)
Are You In Denial? This IS a Bull Market | Midday Market Minute with Bill Baruch | 6/2/2023 |

Nonfarm Payroll beats and the E-mini S&P is eyeing a large-scale breakout while the E-mini Dow and Russell breakout of near-term patterns. Crude gears up for OPEC+ over the weekend and U.S. Dollar strength...

The Trade Desk (TTD) Shares Skyrocket, What You Need To Know

The Trade Desk (TTD) Shares Skyrocket, What You Need To Know

TTD : 74.24 (+1.34%)
Datadog (DDOG) Stock Trades Up, Here Is Why

Datadog (DDOG) Stock Trades Up, Here Is Why

DDOG : 98.77 (+3.98%)
Why Are Snowflake (SNOW) Shares Soaring Today

Why Are Snowflake (SNOW) Shares Soaring Today

SNOW : 175.21 (+4.74%)
Droughts Boost Shipping Costs and Keep Inflation Elevated

A severe drought that has reduced water levels in the Panama Canal threatens to boost shipping costs that may keep inflation elevated, a new challenge to global central banks as they seek to contain inflation....

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Barchart
@Barchart
Top 10 Most Mentioned Symbols on WallStreetBets over the last week were: 1) $NVDA 2) $SPY 3) $QQQ 4) $TSLA 5) $SOFI 6) $V 7) $CRM 8) $AAPL 9) $PLTR 10) $AMD Source: Quiverquant
Barchart
@Barchart
Nasdaq has finished in the green for 6 consecutive weeks, the longest weekly winning streak since January 2020. That feels bullish 🐂 https://t.co/7gExsX7H6G
Barchart
@Barchart
ETFs w/ most active options trading: $SPY - 10.751M $QQQ - 3.009M $IWM - 2.072M $EWZ - 423k $HYG - 399k $TQQQ - 388k $FXI - 322k $EEM - 312k $TLT - 233k $UVXY - 217k $SQQQ - 211k $KRE - 200k $XLF - 185k $GLD - 180K $XLE - 179K $DIA - 145K $VXX - 130K $EFA - 119K $SOXL - 110K
Barchart
@Barchart
Stocks w/ most active options trading: $TSLA - 3.865M $AAPL - 1.420M $NVDA - 1.375M $AMZN - 1.110M $AMD - 593k $GOOGL - 451k $PLTR - 437k $META - 433k $MSFT - 404k $BAC - 395k $SOFI - 371k $BABA - 294k $NFLX - 288k $AI - 256k $DIS - 247k $NIO - 240k What options did you trade?
Barchart
@Barchart
% of Large Cap Stocks Above Their Moving Averages https://t.co/GzLPZc9SFP
Barchart
@Barchart
Shadow Banks now control $239 trillion, almost half of the world's total financial assets. This number has more than doubled since the Global Financial Crisis 👀 https://t.co/B8K0o3MfEE
Barchart
@Barchart
Dow Jones Industrials finished the day up 2.12%, the largest gain of the year since January 6 when it finished in the green by 2.13% https://t.co/LeycYhJULo
Barchart
@Barchart
CBOE Volatility Index $VIX closes at lowest price since before the pandemic https://t.co/Xbk9WObpYf
Barchart
@Barchart
Stock Market Fear & Greed Index = 65 (Greed) Shouldn't this be Extreme by now? 🤔 https://t.co/eoWe6x0v7W
Barchart
@Barchart
Trust in the Federal Reserve Chair - Visualized https://t.co/oUapSUYpom
Barchart
@Barchart
Today's Futures Heat Map Strongest: Lean Hogs, Russell 2000 E-Mini, Soybean Oil, Pork Cutout Weakest: Milk, Gold, Coffee, Orange Juice https://t.co/HTK5CDsdr9
Barchart
@Barchart
What price will Gold hit first?
Barchart
@Barchart
Stocks Rally As U.S. Default Concerns Recede And Wage Pressures Ease Related Stocks: $VZ $T $CAT $DISH https://t.co/LApZeX8SD7
Barchart
@Barchart
4 Stock Market Morning Movers: $LULU $MDB $S $IOT Check out the Details 👇 https://t.co/3vsWhRizc8
Barchart
@Barchart
Markets Today: Stocks Gain As Senate Passes Debt Ceiling Bill Related Stocks: $LULU $COST $DELL $BABA https://t.co/arAqcB1frp
Barchart
@Barchart
Barchart
@Barchart
ETFs w/ most active options trading: $SPY - 9.279M $QQQ - 2.943M $IWM - 918k $HYG - 494k $TQQQ - 292k $GDX - 230k $UVXY - 230k $KRE - 224k $TLT - 218k $SQQQ - 204k $EWZ - 179k $EEM - 145k $XLE - 136k $SLV - 126k $SOXL - 115k $GLD - 103k $XLF - 88k $KWEB - 81k $VXX - 79k $UNG-75k
Barchart
@Barchart
Barchart
@Barchart
Stocks w/ most active options trading: $TSLA - 2.493M $NVDA - 1.235M $AAPL - 1.052M $PLTR - 756k $AMZN - 675k $AMD - 609k $META - 582k $SOFI - 550k $AI - 527k $MARA - 399k $BABA - 372k $MSFT - 315k $GOOGL - 306k $CVNA - 293k $NFLX - 287k $CHPT - 250k What options did you trade?
Barchart
@Barchart
NYU Finance Professor Aswath Damodaran sold 50% of his Nvidia $NVDA shares because he believes the run-up has been so astonishing that he couldn't continue to call himself a value investor if he held it all https://t.co/PaX2o1t0yV
Barchart
@Barchart
% of Large Cap Stocks Above Their Moving Averages https://t.co/Wvbgd4APPw
Barchart
@Barchart
That's a heck of a candle for Lululemon $LULU https://t.co/sSEDMmdOZE
Barchart
@Barchart
Not much fear left in the market as the CBOE Volatility Index $VIX finished the day at 15.65, the lowest closing price since November 4, 2021 https://t.co/sySrvgcQK6
Barchart
@Barchart
Is it Time to Buy Copper? https://t.co/NooKeDT12g
Barchart
@Barchart
Stock Market Fear & Greed Index = 68 Extreme Soon? 🥳🤑 https://t.co/kdx8CGafVn

Chart of the Day

Oracle Corp (ORCL)

The Chart of the Day belongs to the software company Oracle (ORCL) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature...
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