All posts by Todd Mitchell

50-Day MA’s in Play

The market opened lower and showed no sign of recovery after China reported nearly 2,000 new cases of the Wuhan coronavirus were diagnosed over the weekend. Overseas markets in Asia were mostly closed for various holidays and led to some of the nervousness and gap lower.The major indexes came close to losing their gains for […]

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Extreme Option Profits Chart of Day… How to Trade Coronavirus Threat

The coronavirus has gone global.At the moment, 2,900 people around the world have been infected. Up to 81 people have now died. Chinese hospitals have been “overwhelmed.” Public transportation is being closed down to prevent the spread. Lunar New Year celebrations have been canceled.​ Multiple cases have now been spotted in Hong Kong, Macau, Taipei, […]

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Why the coronavirus outbreak could trigger a stock-market pullback

U.S. equity

The spread of China’s coronavirus is providing stock-market investors with another reason for near-term caution as major U.S. equity benchmarks trade near all-time highs, analysts said, offering a potential trigger for a near-term pullback. “Conditions in the broad market are ripe for a pause as sentiment measures and overbought conditions are at extreme levels. However, the […]

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Dow Jones Recovers After 200-Point Drop; Intel Surges Late; Netflix Rebounds Bullishly

Netflix Stock

The stock market turned in another resilient performance Thursday despite another sell-off in Asian markets overnight. The Dow Jones Industrial Average pared losses after falling more than 200 points early.  Boeing (BA) was a top gainer in the Dow Jones industrials, while Citrix Systems (CTXS), Neflix (NFLX) and Western Digital (WDC) outperformed in the Nasdaq 100. […]

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Bulls Stay Strong Despite Opening Weakness

U.S. markets were choppy for the 2nd-straight session after trading on both sides of the ledger and closing mostly higher. Concerns over the corona-virus weighed on sentiment after China expanded their strict travel bans to include at least five cities, after first imposing the travel ban on Wuhan, where the virus appears to have originated.The […]

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Extreme Option Profits Chart of Day… Wells Fargo (WFC)

It appears Wells Fargo (WFC) has priced in a great deal of fear and pessimism after earnings.As you can see in the WFC chart, it’s just beginning to recover from its lower Bollinger Band (2,20), and from aggressively oversold conditions on RSI (at its 30-line), MACD (at historic low year over year), and on Williams’ […]

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Market Settled Mixed After Strong Open

U.S. markets were choppy on Wednesday following the opening rebound as concerns over the new coronavirus outbreak kept Wall Street on edge. China announced national screening measures to contain the outbreak and has quarantined the city of Wuhan with plans to shut down the airport and public transportation.On the earnings front, Citrix (CTXS) reported Q4 […]

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Market Cools After 5-session Hot Streak

U.S. markets settled mostly lower on Tuesday as trading resumed after Monday’s holiday. A risk-off tone was evident amid rising concern about the spread of the coronavirus in China and Asia. The slight bout of profit taking came after the major indexes set another fresh record highs on Friday.The Dow traded down to 29,146 while […]

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Beyond Meat stock climbs 13% as Starbucks plans to add more plant-based menu options

Shares of Beyond Meat jumped 13% in morning trading Tuesday after Starbucks announced that it would add more plant-based menu options as part of its efforts to combat climate change. Beyond’s stock, which has a market value of $7.3 billion, is on pace for its best month ever, back to its May initial public offering. Shares […]

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Extreme Option Profits Chart of Day…Activision Blizzard (ATVI)

At the moment, Activision Blizzard (ATVI) is up to nearly $62 as share and could run even higher, with new gaming consoles coming from Sony and Microsoft.  SunTrust Robinson Humphrey analysts have a buy rating on the stock, noting strong execution for recent releases like World of Warcraft Classic, Call of Duty: Mobile and Call […]

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