Nasdaq, S&P 500 Tap Another Round of Record Highs

U.S. markets continued their assault on all-time highs ahead of President Trump’s speech on trade policy at the Economic Club of New York. There was no fresh news on the U.S./ China trade front as Trump continued to repeat rhetoric an initial Phase 1 deal is close to being completed.The major indexes faded off the […]

Continue reading

Extreme Option Profits Chart of Day… Dow Jones INDX

Markets are under pressure this morning on Hong Kong violence, and trade war uncertainty. President Trump just shot down speculation that he’s rollback trade tariffs to help cool off the trade war. The President also said that while talks were moving along “very nicely,” he would only make a deal if it was right for […]

Continue reading

Dow Tags 3rd-Straight Record Close

U.S. markets were sluggish throughout Monday’s session as trade tensions between the U.S. and China remained in focus. Over the weekend, President Trump said the U.S. would only make a deal with China if it was right for America while saying the reporting about U.S. willingness to lift tariffs had been exaggerated.Additionally, the U.S. bond […]

Continue reading

Bulls Tap Another Round of Closing Highs

U.S. markets were sluggish on Friday’s open following disappointing economic news and ongoing trade developments on rolling back American tariffs on Chinese imports. President Trump said the U.S. hasn’t agreed to a rollback of tariffs on China as negotiations between the two continues.Trump added that while China wants a partial reversal of tariffs, he has […]

Continue reading

Record Highs Back in Play

U.S. markets resumed their run at record highs on Thursday following news the U.S. and China have agreed in principle to roll back some tariffs amid progress on the Phase One trade deal. Solid earnings continue to pour in with 77% of companies now topping 3Q estimates as better-than-expected numbers also helped the rally.The Transportation […]

Continue reading

Extreme Option Profits Chart of Day… Volatility Index (VIX)

With the presidential elections nearing, the only certainty is volatility.Ahead of the 2000 election (Bush v. Gore), the volatility index (VIX) popped from 16.5 to 31.Ahead of the 2004 election (Bush v. Kerry), the VIX ran from 13 to 17. Ahead of the 2008 election (Obama v. McCain), it ran from 20 to 90. And ahead […]

Continue reading

Bulls Take a Breather

U.S. markets traded in tight ranges throughout Wednesday’s action following negative trade news concerning China and disappointing economic data. The signing of the phase one trade deal between the U.S. and China could be pushed out to December as the sides continue to negotiate terms and a signing venue.The major indexes recovered much of the […]

Continue reading

All-Time Peaks Remain in Play

U.S.-China trade

U.S. markets showed strength on Tuesday’s open following another round of upbeat trade news with China. Reports that the Trump Administration is considering rolling back additional tariffs, one of the Chinese demands for the deal, lifted the Dow and the Nasdaq hitting fresh all-time highs shortly after the open.Momentum faded afterwards following mixed economic data […]

Continue reading

Extreme Option Profits Chart of Day… McDonald’s (MCD)

Watch for opportunity in McDonald’s (NYSE:MCD).Shares were down nearly $5 on news the company fired CEO Steve Easterbrook over an inappropriate relationship with an employee. All after the company’s board determined that Easterbrook “violated company policy and demonstrated poor judgment involving a recent consensual relationship with an employee,” as reported by Fox Business.  McDonald’s has […]

Continue reading

Blue-Chips Follow Suit to Tag Fresh All-Time High

U.S. markets opened at fresh record highs to start Monday’s action amid increasing optimism on trade. Commerce Secretary Wilbur Ross reiterated over the weekend that good progress was being made on a phase one deal with China and also suggested the U.S may not need to impose EU auto tariffs.The Nasdaq was up for the […]

Continue reading