Dow Lags Despite Setting a Fresh Record High

The market showed overall strength for the 2nd-straight session and for the 6th time in 7 sessions following another round of record highs. Fed speak after the open from Chairman Jay Powell caused some of the early morning and late day choppiness after he said there is a lot of uncertainty regarding the impact of […]

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Dow Lags Despite Setting a Fresh Record High

The market showed overall strength for the 2nd-straight session and for the 6th time in 7 sessions following another round of record highs. Fed speak after the open from Chairman Jay Powell caused some of the early morning and late day choppiness after he said there is a lot of uncertainty regarding the impact of […]

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Nasdaq, S&P 500 Tap Fresh Record Highs

forecast earnings

The market was up for the 5th time in 6 sessions after tapping fresh record highs on Monday. The risk on rally continues despite the rising deaths and the number of people infected by the coronavirus which has now topped 1,000 and 40,000, respectively.The Nasdaq closed at an all-time and session high of 9,628. Fresh […]

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Bulls Snap 2-Week Losing Streak Despite Friday Fade

The market pulled back on Friday to snap a 4-session winning streak while showing a strong weekly advance of over 3%, overall, after tapping fresh all-time highs in the previous session. The losses came despite a stronger-than-expected monthly report on the job market.The Federal Reserve warned that the coronovirus outbreak poses a “new risk” to […]

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Bulls Set Another Round of Record Highs

The market extended their winning streak to 4-straight after notching fresh record highs on Thursday. China’s announcement that it is cutting tariffs by 50% on $75 billion in U.S. goods helped sentiment along with better-than-expected earnings from a number of high profile companies.The Nasdaq traded to another all-time high of 9,575 while closing at 9,572. […]

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Bulls Extend Winning Streak to 3-Straight

NYSE

The market showed strength for the 3rd-straight session following Wednesday’s run to prior all-time highs. The ADP employment report soared past forecasts with additional better-than-expected economic news fueling the gains. The recovery from the prior Friday selloff remains intact although volatility remains somewhat elevated despite the market’s gains.The Nasdaq traded to another all-time high of […]

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Extreme Option Profits Chart of Day…Royal Caribbean Cruises (RCL)

At the moment, there are 20,000 coronavirus cases with 452 deaths.Cases have now been spotted in Hong Kong, Macau, Taipei, Thailand, Vietnam, South Korea, Singapore, Malaysia, Japan, Australia, France and the United States. Nepal has confirmed one case. Cambodia confirmed its first case, too.The World Health Organization declared the virus a public health emergency of […]

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Bulls Stay Strong, Recover Prior Support Levels

The market continued its recovery efforts from last Friday’s selloff after showing strength for the 2nd-straight session, while recovering key levels of prior support. The results of the Iowa Democratic Caucus and the late release may have helped sentiment as President Trump’s reelection efforts appeared to get stronger. The suit-and-ties blamed problems with a mobile […]

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Market Rebounds From Friday Selloffs

forecast earnings

The market rebounded from its selloff on Friday despite a nasty selloff in China as traders there got their first chance to sell since the outbreak of the coronavirus that continues gripping the Asian nation. The U.S. Department of Homeland Security issued rules over the weekend to implement new restrictions on Americans who have recently […]

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Extreme Option Profits Chart of Day…Starbucks (SBUX)

Markets have become a volatile mess.On Friday, the Dow Jones plunged more than 600 points on headline fear. Now, even as cases multiply around the world, futures are now pointing to a higher open. That’s telling us most of the fear may have been priced in.One stock we have an eye on is Starbucks (SBUX), […]

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