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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Nasdaq Recovers 10,000 Level

The market closed out a solid second quarter, the strongest quarter in over 20 years following better-than-expected housing numbers. Specifically, the S&P Corelogic Case-Shiller 20-City home price index rose 0.9% to 224.1 in April, after jumping 1.1% to 222.2 in March.Comments from Fed Chair Powell gave the major indexes a lift into the closing bell […]

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Extreme Option Profits Chart of Day…Fastly, Inc (FSLY)

Keep an eye on Fastly (FSLY). Fastly operates an edge cloud platform for processing, serving, and securing its customer’s applications. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the Internet. It is a programmable platform designed for Web and […]

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Bulls Rebound but Outlook Remains Cloudy

The market showed strength throughout Monday’s action following better-than-expected economic news concerning housing and manufacturing. The gains weren’t enough to cover the prior session selloff but eased concerns of a continued pullback.The Russell 2000 tested a morning high of 1,427 while closing at 1,421 (+3.1%). Key resistance at 1,425 was breached but held with a […]

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Bulls Give Up Weekly Gains on Friday Selloff

The market closed at their lowest levels in roughly two weeks following Friday’s steep selloff and continued worries in the spike of coronavirus cases. Texas and Florida were forced to backtrack on reopening their economies as new cases rose further and a record number of fresh cases were also reported nationwide.Financials led the Dow lower […]

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Financials Shine as Bulls Rebound

The market was choppy on Thursday after growing concerns over the rise in new coronavirus cases along with mixed economic news weighed on sentiment. Additionally, companies are debating weather to stay open, close or find a middle ground as cases are on the rise in many states and some firms are facing pressure from employees […]

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Extreme Option Profits Chart of Day…Albemarle (ALB)

With heavy demand for electric vehicles (EV), we may soon run into another lithium shortage.In fact, according to Reuters, ““A new demand surge is already looming in the form of the multiple ‘green stimulus’ packages as governments try and kick-start locked-down economies. You don’t have to be a market genius to see that another price […]

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Bears Return as Coronavirus Cases Surge

The market traded lower throughout Wednesday’s action following a resurgence in several states concerning coronavirus cases, including Florida and Texas, and could threaten the economy’s recovery. The governors of New York, New Jersey and Connecticut told travelers that are arriving from states with high rates of coronavirus to self-quarantine for 14 days.In addition to the […]

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Nasdaq Taps Fresh All-Time High

The market showed continued strength on Tuesday after White House trade adviser Peter Navarro told Fox News “it’s over” in an interview when asked about the China trade agreement. However, following the interview, Navarro said his comments were taken “wildly out of context” while President Donald Trump tweeted that the “China Trade Deal is fully […]

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Gold Comes Within $15 of Cracking $1800 Target

 Gold futures came within $15 of striking market bulls’ target of $1,800, while the spot price of bullion hit near 8-year highs on Tuesday, propelled by a weaker dollar and fresh stimulus money planned by governments across the world to fight a second wave of Covid-19. “Trade tensions, second wave concerns, the 10-year real yields (TIPS) […]

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