|Day Low/High||90.12 / 91.41|
|52 Wk Low/High||78.04 / 109.37|
These big stocks are teetering on the edge of breakdown territory.
The most recent short interest data has been released for the 04/28/2017 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the S&P 500 by "days to cover." There are a number of ways to look at short data, for example the total number of shares short; but one metric that we find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed.
This trade is predicated on the energy sector improving over the short to intermediate term.
True driving force behind this market remains earnings, says Jim Cramer, but don't ignore the impact of tax reform -- if it happens.
What really bothered me today was the call buying in the index options.
There are several others who could also reap benefits.
No, people aren't suddenly deciding they want to go back to shopping at the mall, says Jim Cramer.
Chart watcher Carolyn Boroden says oil, and some big oil producers, may be about to rally.
In the short term, all that matters in the market is what someone is willing to pay, says Jim Cramer.
The EIA reported a 900,000-barrel build in crude inventories, but that was enough to send the commodity, and stocks, skyward Wednesday as analysts were expecting a 2 million-barrel build.
This bullishly biased vertical call spread is not for the faint of heart.
Now that cost cuts are over the oil and natural gas explorer is poised to climb.
The report may be a breath of fresh air for traders of the commodity after OPEC member nation Saudi Arabia said it increased production in February from the prior month.
The longer the market chops around the more concerned folks are getting.
Cramer shares his views on the cyclical nature of selling crude, and also discusses how worrisome and catastrophic are not the same.
Crude oil prices slipped this week, highlighting the inherent weaknesses of these two energy stocks. Here's why they're potential 'portfolio wreckers.'
To put it simply, Stanley Black & Decker and Thermo Fisher screwed up.
EOG Resources is positioned to soar, as the wobbly energy market straightens out in the coming months.
Jim Cramer says don't give up the ship, don't bail; stick with your investment plan and hold on for the next move up.
Did it occur to any of you sellers that there is a pattern?
Here are some examples of why you should stay on board.
For the week of Feb. 27, investors await President Donald Trump's congressional address, which takes place on Tuesday evening--along with a host of major earnings reports.
Jim Cramer views EOG Resources as a 'good, fast grower.' Apache has better valuation, though.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer is keeping an eye on quarterly results from EOG Resources.
The news contrasts an 884,000 barrel draw reported by the American Petroleum Institute, but is roughly inline with what analysts were expecting for the week.