Volatility Rises on Market Pullback

Dow

The stock market pulled back on Tuesday as traders remained cautious ahead of key earnings reports after the bell and Wednesday’s Federal Reserve announcement. Ongoing weakness in U.S.-listed Chinese stocks also weighed on sentiment as fears over more regulations persisted with volatility clearing but holding a key level of resistance.   The Nasdaq tumbled to […]

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Extreme Option Profits Chart of Day… Cassava Sciences (SAVA)

Keep an eye on Cassava Sciences (SAVA) this week. The stock could see higher highs, as we near its presentation at the 2021 Alzheimer’s Association International Conference today.  The presentations will include “Cassava Sciences’ investigational product candidates include simufilam, a drug treatment for Alzheimer’s disease, and SavaDx, a biomarker/diagnostic to detect Alzheimer’s disease with a simple […]

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Bulls Show Continued Momentum

The stock market was slightly choppy on Monday after trading in a tight range while setting another round of fresh all-time highs. The hesitancy came as Wall Street prepares for a slew of second-quarter earnings and another update from the Federal Reserve.   Excluding the small-caps, the major indexes extended their winning streak to five-straight […]

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Bulls Push Fresh all-Time Highs

Wall Street showed continued momentum on Friday to extend its winning streak to four-straight sessions while hitting another round of fresh all-time highs. The gains easily gave the bulls the weekly win following last Monday’s mini selloff and comes ahead of the busiest week for the second-quarter earnings season.   The Nasdaq tapped an all-time […]

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Bulls Stay Strong Despite Sluggish Session

China’s economic

The stock market traded in a tighter range on Thursday and on both sides of the ledger before going out mostly higher. The small-caps slacked following two-straight day days of gains for the major indexes as traders prepared for a number of high profile earnings after the closing bell.         Volatility ticked […]

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Extreme Option Profits Chart of Day… Pfizer (PFE)

The Tokyo Olympics may not happen. Just days ahead of the games, Japan is seeing a significant number of new cases, leading to calls to cancel the Games.  Worse, hospitals in Osaka are at a breaking points, says The Sun. In addition, the Head of the Tokyo Olympics, Toshiro Muto says the games could still […]

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Prior Resistance Levels in Focus

The stock market showed continued strength on Wednesday following upbeat earnings from two blue-chips companies along with a rise in yields. Specifically the 10-year Treasury yield rose to nearly 1.3% after tapping a five-month low on Monday while stabilizing on Tuesday. The drop in rates caught Wall Street by surprise and remains a possible sign […]

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Volatility Closes Back Below 20

Dow Jones futures

The stock market rebounded on Tuesday following upbeat earnings news and revived economic optimism. Specifically, second-quarter numbers have topped forecasts with over 90% of the 56 companies on the S&P 500 reporting better-than-expected results thus far.   All 11 major sectors in the S&P 500 closed higher with Industrials and Financials leading the charge with […]

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Volatility Returns on Market Pullback

Wall Street had a nasty session on Monday as rising concerns over the resurgence of coronavirus infections among the unvaccinated weighed on sentiment. The major indexes suffered their worst declines since May and ahead of a heavy week of quarterly earnings. Volatility spiked 22% after closing above a key level of resistance with all of […]

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Selling Pressure Accelerates Into Closing Bell

The stock market showed continued weakness on Friday despite an unexpected increase in retail sales which rebounded 0.6% last month. Energy was the weakest sector after giving back 2.8% and 7.9% for the week.   Tech and the small-caps remained in four-session funks as the major indexes closed lower for the first time in four […]

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