All posts by Todd Mitchell

The stimulus boost has passed and now the stock market is focused solely on virus developments

The stock market enters a four-day week that is the lull before earnings season, but it’s the headlines on developments around the spread of the coronavirus that may result in the most volatility. Strategists say investors are now most focused on how the virus is progressing, what medical developments might help, and how long it could […]

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Trading Range Developing Ahead of Next Major Move

The market zigzagged for a 3rd-straight session following a historically low employment report with the numbers missing forecasts by a landslide. Specifically, Nonfarm Payrolls for March sank -701,000, versus forecaats for a decline of 148,000, with the unemployment rate spiking to 4.4% from 3.5% and forecasts at 3.9%.The pullback wasn’t alarming as the major indexes […]

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Bulls Rebound but Remain Vulnerable

The market showed strength throughout much of Thursday’s session despite a record weekly jobless claim figure. A pop in oil lifted sentiment after President Trump tweeted a production cut could be coming from Saudi Arabia and Russia.Trump said that Russia and Saudi Arabia were hopefully on board with a 10 million barrel per day production […]

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Dow Racks up Gains in Wild Trading as Oil Prices Notch Biggest 1-Day Gain

The Dow rallied on Thursday, but traders had to contend with another wild session on Wall Street, as oil prices mounted their biggest one-day percentage gain ever, overshadowing a record jump in jobless claims amid a coronavirus-led lockdown across swathes of the country, with infections topping 1 million worldwide. The Dow rose 2.24%, or 470 points. […]

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Market Gaps Lower as Coronavirus Fears Heighten

The market was back in the red for the 2nd-straight session after gapping lower on Wednesday following an update from the President about the ongoing coronavirus concerns. President Trump said there are new projections for 100,000 to 240,000 deaths in the U.S. from the coronavirus pandemic even if current social distancing guidelines are maintained.Markets around […]

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Extreme Option Profits Chart of Day…Dow Jones ($INDU)

Markets are under pressure again thanks to the spread of the coronavirus. Last check, there are now 874,081 global cases with 43,291 deaths. In the U.S. alone, there are 189,633 cases. In Italy, 105,792. In Spain, 102,136. In China, 82,359. Worse, Double Line Capital CEO Jeffrey Gundlach says the coronavirus sell off is not over yet. […]

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Bears Wrap up a Nasty Month/ Quarter

warning signal

The market closed out its worst quarter since the 2008 financial crisis with a down day with the U.S., Europe and other parts of the world still engulfed by the coronavirus pandemic. The March selloff represented a greater then 30% decline at its worst point during the quarter, but a roughly 15% rebound over the […]

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Netflix, others are market bright spots after S&P 500′s worst first quarter ever


Stocks just closed out their worst first quarter ever. The S&P 500 fell 20% in the first three months of the year, breaking the previous first-quarter record set in 1938, as the coronavirus pandemic worsened. There were a few market bright spots, though. Stocks including Citrix, Regeneron, Netflix, Gilead, Nvidia and Amazon ended the quarter higher. Craig Johnson, […]

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Extreme Option Profits Chart of Day…Nike (NKE)

On March 25, 2020, we highlighted Nike (NKE) as an opportunity in a Chart of Day. At the time, we recommended the stock, as it traded at $79.14, and the NKE May 15, 2020 85 call, as it traded at $6.80.  At the moment, the NKE stock is up to $83.40.  The call is now up […]

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Bulls Get Monday Win

The market rebounded on Monday following encouraging news concerning testing and vaccine development for the coronavirus. Johnson & Johnson (JNJ) zoomed 8% after announcing the selection of a lead COVID-19 vaccine candidate from constructs it has been working on since January 2020. Additionally, J&J announced the rapid scaling of the company’s manufacturing capacity, with the […]

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