Bears Get January Win Following Friday’s Selloff

The market was rattled on Friday and was weak throughout the day following heightened concerns over the coronavirus. Adding to the worry was news that the U.S. Department of State increased the China travel advisory to Level 4 along with President Trump declaring a public health emergency.Although prior support levels held, for the most part, […]

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Bulls Rebound Off Session Lows to Get Big Win

The market was volatile on Thursday following ongoing concerns about the impact of the spread of the coronavirus. The weak open outweighed better-than-expected 4Q earnings as a number of high profile companies beat estimates. However, the late day rebound was a slightly bullish signal as the major indexes made a strong recovery in the final […]

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Extreme Option Profits Chart of Day…Activision (ATVI)

Keep an eye on Activision (ATVI).With a new generation of gaming consoles coming later this year, gaming stocks are presenting us with some of the best opportunities of the year, including Activision (ATVI).​ If there are new consoles on the way, new games will quickly follow from the likes of Activision Blizzard. That’s part of […]

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Market Settles Mixed After Strong Open

The market showed strength for the 2nd-straight session following Wednesday’s run to higher highs before a mixed closed. Better-than-expected corporate earnings and economic news help sentiment along with the signing of the USMCA agreement.The weakness into the closing bell and after the Fed news on unchanged interest rates was a signal of a continued choppiness […]

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Market Rebounds but Fails Key Resistance Levels

The market showed strength on Tuesday following a blowout GDP number as Wall Street focused on better-than-expected economic news and earnings. The major indexes rebounded to push prior resistance levels from earlier in the month but remain on cautious ground.The action in the small-caps remains a concern along with the heightened levels in the S&P […]

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Bulls Stay Aggressive

The market continued its recent whipsaw action on Friday following a strong open as Wall Street continued to closely monitored the extent to which the coronavirus can be contained. A total of 40 million people are effectively under quarantine in China and travel bans have been issued.Authorities in Beijing and other cities canceled many public […]

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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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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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