Bears Stay Hot but Tech Shines

The market showed strong momentum on Friday, a rare event for September, to give the bulls some hope heading in the final three trading days for the month. Disappointing news weighed on the open that was followed by choppy action until midday with the exception of Tech and the small-caps.The strong closes weren’t enough to […]

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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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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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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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Bears Return to Push Prior Trading Ranges

The market settled in a sea of red on Thursday following disappointing economic news and the continued fallout over negotiations on another  stimulus package. The losses held near-term and key support levels with the bulls needing a bounce back on Friday to avoid their 3rd-straight weekly loss.The Dow had its 4-session winning streak snapped after […]

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Extreme Option Profits Chart of Day…Nio Inc. (NIO)

Keep an eye on Nio Inc. (NIO).The stock could easily run higher on anticipation of Sept. 2020 EV sales, just as it did in Aug. Lately, each time the company releases sales data, the stock has pushed higher.And we don’t want to miss out on that potential. For Aug. 2020, NIO completed 3,965 sales – a […]

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