Bears Get Weekly Win

The market struggled for the 2nd-straight session as Wall Street once again searched for safety ahead of the weekend. Friday’s pullback is pushing late January support and levels that likely come into play to end the month. The continued drip of news concerning the coronavirus has also hurt the global markets as world economies brace […]

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Small-Caps Show Strength on Down Day

The market showed strength to start Thursday’s session following better-than-expected job numbers along with other positive economic news. However, weakness resumed afterwards on concerns that the coronavirus outbreak is spreading in the Asian region, with Japan and South Korea reporting new cases. China, however, reported a large decline in cases.The Nasdaq tested a low of […]

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Extreme Option Profits Chart of Day…Fiverr (FVRR)

Keep an eye on Fiverr International (FVRR). The stock has been in a solid uptrend since late September 2019.  We’d like to see a near-term test of $32 on this stock.  All as it benefits from a gig economy.At the moment, the U.S. is seeing tremendous growth in this economy, which includes independent contractors, on-call, and […]

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Bulls Continue Record Run on Fresh Breakouts

The market rebounded on Wednesday while breaking out to fresh all-time peaks as better-than-expected economic news with housing overshadowed ongoing coronavirus concerns.The Nasdaq traded to a record high of 9,838 while closing at 9,817. Key resistance at 9,800 was cleared and held with continued closes above this level signaling upside potential towards the 9,900 level.The […]

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Apple (AAPL) Warns, Market Weathers Storm

The market was weak throughout Tuesday’s session following an earnings warning from Apple (AAPL) along with ongoing concerns over the coronavirus situation. Shares tested a low of $314.61 before closing at $319.The overall market pullback held near-term support levels with the Tech sector actually showing midday strength despite the ripple effect from Apple’s supply chain […]

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Extreme Option Profits Chart of Day…Carnival (CCL)

Keep an eye on Carnival (CCL). The stock has been battered by the coronavirus story. However, it’s down too far, too fast, and could soon recover, even though it could see an EPS loss of 55 to 65 cents a share if operations in Asia are suspended through April 2020. “While that has not come to […]

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Bulls Get 2nd-Straight Weekly Win

The market opened flat on Friday dispute encouraging economic news as retail sales rose in January while consumer sentiment hit its highest level in about nearly 2 years years. The choppiness continued throughout the session after China’s Hubei province, the epicenter of the coronavirus outbreak, reported almost 5,000 new cases, with the estimate of the […]

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Small-Caps Shine Despite Choppy Session

The market was choppy throughout Thursday’s session after opening lower while rebounding midday to set another round of fresh all-time highs. The coronavirus fears looked like they would spark a deeper pullback in the overall market, but the major averages recovered some of their early losses with the small-caps bucking the trend to close higher.The […]

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Extreme Option Profits Chart of Day…Carnival (CCL)

Keep an eye on Carnival (RCL).It’s been severely beaten down on the coronavirus story, which has created a “blood in the streets” opportunity.  On a two-year chart, you can see it’s just starting to bounce off its lower Bollinger Band (2,20) with oversold extensions on RSI, MACD, and Williams’ %R.  We’d like to see a […]

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Bulls Stay Strong Following Another Round of Record Highs

The market closed higher for the 3rd-straight session following another round of fresh record highs amid a global rally that is being driven by the easing in worries about the coronavirus. The rate of transmission and new infections in China appears to be slowing, but companies are still sorting through how their earnings results will […]

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