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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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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Bulls Keep Weekly Momentum

NYSE

The market capped off a strong week with another run to record highs on Friday as strong housing numbers helped sentiment. The small-caps struggled after closing the session lower but had the strongest week out of the major indexes.The start of the 4Q earnings season was supported by strong numbers from the Big Banks and […]

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Another Breakout to Record Highs

The January melt-up rally continued on Thursday as the major indexes set another round of record highs. Solid bank earnings and healthy economic news helped fuel sentiment as overbought levels from 2018 remain in play.The smart money is still enjoying the upside but is also selling selective stocks while preparing for a February fade. The […]

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Bulls Trip Another Round of All-Time Highs

S&P

U.S. markets showed strength from the start of trading ahead of the U.S. and China’s phase one trade deal official signing ceremony, which took place midday. Although some tariffs will remain in place, the threat of further escalation is out of the picture for now.White House economic adviser Kudlow said negotiations on Phase Two are […]

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Market Settles Mixed on Tariff Concerns

U.S. markets were choppy throughout Tuesday’s action following the “official” start of 4Q earnings season. The Financial sector got a boost following mostly better-than-expected numbers from the big banks with the Financial Select Sector Spiders (XLF) hitting a fresh 52-week high.In addition to earnings, the expected signing of the phase one trade deal between the […]

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Extreme Option Profits Chart of Day…Micron Technology (MU)

Shares of Micron Technology (MU) are racing to higher highs.While the stock is up quite a bit, it’s beginning to push even higher, as we near the launch of 5G. Analysts at Cowen just upgraded the stock to outperform with a price target of $70 a share. They also said that the new 5G phones […]

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Bulls Rebound, Push Another Round of Fresh Record Highs

U.S. markets rebounded on Monday as Wall Street prepares for the upcoming 4Q earnings season. The Financial sector will be in focus throughout the week with a number of companies reporting and their stock at, or near, 52-week peaks.Economic news was light while volatility stayed in a tight range. Reports that the Trump administration will […]

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Apple, These Tech Giants Lead 2020 Stock Market Rally

dow jones futures

Dow Jones futures rose modestly early Monday, along with S&P 500 futures and Nasdaq futures. The stock market rally continues to do well, with leading stocks leading. Many of those leaders are big-cap techs. Apple stock, Tesla stock, Facebook stock, Google stock and Salesforce stock are all easily beating the major indexes so far in […]

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Bulls Get Weekly Win as Dow Trips 29,000

U.S. markets showed strength throughout the first half of Friday’s action despite a jobs report that was a tad disappointing, but not troublesome, as the data still showed strong momentum in the labor market. The major indexes tripped another round of all-time highs before fading later in the day and into the closing bell.The pullback […]

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