Bears Growl for 3rd-Straight Session

U.S. markets

U.S. markets showed weakness throughout Thursday’s session despite a pick-up in trade optimism. Specifically, China has invited U.S. negotiators to Beijing for additional talks, and the U.S. may delay the December 15th tariffs.The upbeat reports soothed worries of a breakdown in talks and President Trump’s threat to increase levies. However, the major indexes settled lower […]

Continue reading

Extreme Option Profits Chart of Day… Canopy Growth (CGC)

Keep an eye on Canopy Growth (CGC).After a vicious pullback on earnings, and slowing industry growth, the stock is showing signs of life. Not only did Bank of America Merrill Lynch just upgraded the stock to buy from neutral, the House Judiciary Committee is planning a markup on the Marijuana Opportunity Reinvestment and Expungement Act […]

Continue reading

Bears Push Near-Term Support Levels

U.S. markets slumped on Tuesday following news China is threatening retaliation following the Senate’s passage of a bill expressing support for Hong Kong’s autonomy. The House will vote on the measure, which  weighed on market sentiment, and could complicate trade talks with China.Mixed numbers from the Retail sector was also a drag as the 3Q […]

Continue reading

Nasdaq, S&P 500 Tap Another Round of Record Highs

trade negotiations

U.S. markets showed continued strength on Tuesday following reports the Trump administration granted an extension for U.S. companies to do business with blacklisted Chinese telecom companies. News that Japan passed a limited trade deal with the U.S. helped offset China trade concerns.President Trump threatened higher tariffs on Chinese goods if the country does not make […]

Continue reading

Extreme Option Profits Chart of Day… Shake Shack (SHAK)

With a good deal of patience, we expect to see a recovery in shares of SHAK. We believe the pullback was a severe overreaction that has now left the stock deep in oversold territory following the company’s earnings disaster, and on news that it will temporarily shut down locations in 2020 for store upgrades.  Technically, […]

Continue reading

Bulls Brush Off Trade Jitters

Stock Market

U.S. markets were choppy throughout Monday’s session following news China has become less optimistic about the prospects of reaching a trade deal with the U.S. Additionally, there is chatter China is also thinking about holding out until the 2020 elections, after President Trump declined to roll back tariffs.The news tempered sentiment as futures were showing […]

Continue reading

Dow Clears 28,000

U.S. markets surged to fresh all-time and closing highs on Friday following optimistic comments from White House economic adviser Larry Kudlow. He said trade talks with China are coming down to the short strokes and that the U.S. is in communication with China every single day right now. The latest trade headlines continue to push the […]

Continue reading

Another Lackluster but Bullish Session

U.S. markets were sluggish for the 6th-straight session after trading on both sides of the ledger following another update from Fed Chairman Jay Powell and other Fed heads. Powell once again talked up the economy while saying Fed policy is in a good place.The rhetoric wasn’t enough to lift the major indexes to fresh all-time […]

Continue reading

Extreme Option Profits Chart of Day… Clorox (CLX)

Flu season is here again.And, as anyone with a respiratory system will tell you, this time of year isn’t fun at all. This year, according to the Centers for Disease Control and Prevention, flu season in the U.S. is just beginning. Experts predict an active, and possibly severe, flu season based on data from Australia, […]

Continue reading

Blue-Chips Tap Fresh All-Time High

U.S. markets opened lower to start Wednesday’s session as Wall Street prepared for the public impeachment inquiry proceedings and comments from Fed Chairman Jerome Powell. There was nothing surprising in Powell’s prepared remarks although the market rebounded off its lows and into positive territory while he was speaking.Weakness ensued afterwards on reports the U.S./ China […]

Continue reading
1 2 3 286