All posts by Todd Mitchell

Gold Plunges Again, Taking Silver With It, As Dollar Blazes

gold prices

Spot Gold, which reflects real-time trades in bullion, was down 39.64, or 2.1%, at $1,860.62. Its low for the day  — $1,856 — set a new two-month trough for the yellow metal.At Wednesday’s session low, the bullion indicator was just $61 from the July 17 bottom of $1,795.11 — which would be the next target […]

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Choppy Action Continues

The market traded on both sides of the ledger on Thursday following mixed economic news on the open and positive developments shortly afterwards. Negotiations to restart on another fiscal relief bill sent the market to midday peaks after the major indexes set fresh monthly lows, excluding the Nasdaq, shortly after the opening bell.The Nasdaq traded […]

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Bears Regain Momentum

The market continued its September struggle following another choppy session on Wednesday despite positive news on the corona virus vaccine front and the extension to fund the government. Johnson & Johnson (JNJ) announced it is beginning a 60,000 patient phase 3 trial which will notably feature only one dose and is expected to cost $480 […]

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Extreme Option Profits Chart of Day…Penn National Gaming (PENN)

On May 22, we highlighted opportunity in Penn National Gaming (PENN) at $29.The stock is now up to $74, and is still exploding higher.Other analysts are just as bullish.”The recent launch of the Barstool Sportsbook app coupled with other sports betting ‘announcements’ should allow the shares to continue riding the sports betting euphoria wave higher,” […]

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Nike shares soar as online sales jump 82%, retailer sees rebound in China

stock market

Nike shares soared 13% in extended trading Tuesday as the company reported an 82% increase in online sales and offered up an outlook that calls for demand to grow through the holidays. The company has used the coronavirus pandemic as an opportunity to accelerate its digital business, and its women’s apparel division grew nearly 200%. As […]

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Bulls Bounce but Do Little Damage

The market rebounded on Tuesday, snapping a four-day losing streak for two of the three major indexes, as traders looked past rising corona virus case counts around the world and intensifying political tensions in DC.Fed Reserve Chairman Jay Powell expressed cautious optimism that the economy is rebounding from the pandemic-induced recession with federal support but […]

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

Chaos is exploding.  Futures are plunging.Fires are raging across the west coast.  There’s still no vaccine for the coronavirus. Lawmakers remain deadlocked over another round of stimulus,  And, now with weeks to go before the U.S. elections, the Supreme Court’s Ruth Bader Ginsburg passed away, creating a fiery war of words between both parties over […]

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September Selloff Continues

The market continued its September swoon on Monday as corona virus case counts surged around the world along with the passing of Supreme Court Justice Ginsberg which caused a heated debate on when the next Supreme Court should be picked.Negotiations on a new stimulus package that continues to remain in a stalemate and funding for […]

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China’s ByteDance gets Trump nod to avoid TikTok shutdown

U.S. President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the United States, even as it appeared to conflict with his earlier order for China’s ByteDance to divest the video app.ByteDance was racing to avoid a crackdown on TikTok after the U.S. Commerce […]

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S&P 500 Closes Back Below 50-Day Moving Average

The market closed lower on Friday, notching a third-straight weekly loss excluding the small-caps, amid uncertainty about a fresh round of fiscal stimulus from Washington. Weaker-than-expected economic news and concerns about tensions between the U.S. and China also weighed on sentiment.The choppy trading action also marked quadruple witching and happens on the third Friday of […]

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