Tech Tags Another Lifetime High

S&P

The market was weak throughout much of Thursday’s session as risk-off sentiment returned following a Supreme court ruling that will allow the grand jury to have access to President Trump’s tax returns and other financial records. The Court blocked Congress’ access to the records, but the ruling magnified nervousness over the November presidential election and […]

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Extreme Option Profits Chart of Day…Novavax (NVAX)

Over the last few days, shares of Novavax (NVAX) exploded higher.All after the U.S. government awarded the company a $1.6 billion contract to cover the testing, commercialization, and manufacturing of a potential vaccine — the biggest award issued from the White House’s “Operation Warp Speed” program.“What this Warp Speed award does is it pays for […]

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Bulls Regain Momentum

The market was choppy for much of Wednesday’s session before gaining momentum during the second half of action and into the final hour. The fact that new coronavirus cases confirmations in the U.S. saw a record 60,000 additions in one day weighed on sentiment before Tech led the overall market higher while recording its 25th […]

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Bears Make an Appearance

Recession

The market traded lower throughput much of Tuesday’s session on worries of increased coronavirus concerns and a pause or pullback in reopenings. Fresh worries the bounce in the economy could limit or even thwart additional stimulus recovery funds also weighed on sentiment.The losses helped cool near-term and slightly overbought levels after the Nasdaq’s tagged its […]

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Extreme Option Profits Chart of Day…3M (MMM)

The U.S. needs more face masks – and fast.Dr. Anthony Fauci just said the U.S. is “going in the wrong direction” and “would not be surprised if we go up to 100,000 a day if this does not turn around.”Making the situation far worse, the U.S. just ran out of free face masks.  And with […]

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Blue-Chips Recover 200-Day Moving Average

tariff

The market settled higher to kick off the first full week in July, with traders pegging at least part of the bullishness on Wall Street to a powerful rally in the Chinese markets and better-than-expected economic news here at home. The gains helped push the major indexes towards early June peaks with volatility falling to […]

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Tech Tags Fresh All-Time High

The market showed strength throughout Thursday’s action following a better than expected jump in job additions last month, although that was before the more recent surges in coronavirus cases. The major indexes closed off their opening highs after Florida reported a record 10,000 daily increase in confirmed cases but posted solid gains to wrap up […]

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Extreme Option Profits Chart of Day…Plug Power (PLUG)

Keep an eye on Plug Power (PLUG).Canaccord Genuity just reiterated its buy rating and raised its price target to $8.50 from $7.00, estimating that the acquisitions of United Hydrogen and Giner ELX will immediately add to Plug’s results.  Oppenheimer upped its target to $8 from $6, saying the acquisitions reflect continued “savvy” strategic decisions. “We believe […]

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Nasdaq Sets Closing High, Small-Caps Sag

The market settled mixed on Wednesday following a slew of economic reports and positive news on the coronavirus outlook. Improving data on employment and the manufacturing sector helped fuel the opening pop before a consolidation phase formed ahead of the Fed’s meeting minutes.The Fed promised for clarity on the path of rates and also released […]

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Stock futures fall slightly after the market notches its best quarter in decades

S&P 500

Stock futures dipped in overnight trading on Tuesday as the market is set to kick off a new quarter after a remarkable comeback. Futures on the Dow Jones Industrial Average traded about 50 points lower. The S&P 500 futures and the Nasdaq 100 futures fell 0.2% and 0.1%, respectively. Trading volumes were thin.  The market just notched […]

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