Nasdaq Stays Strong Despite Overall Market Pullback

S&P

The market closed mostly lower on Wednesday with Tech escaping the pullback to record with its 4th-straight session win. The small-caps led the pack lower and continue to make the most violent price swings although volatility continues to track lower lows.This action is signaling a possible trading range forming as Wall Street awaits 2Q earnings […]

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Extreme Option Profits Chart of Day…Teladoc Health, Inc (TDOC)

“Second wave” coronavirus fears could send us all back indoors. We’re already seeing an explosion of new cases and hospitalizations in China, for example in addition to Alaska, Arkansas, Kentucky, Mississippi, North Carolina, Oregon, South Carolina, and Utah. Even Phoenix Mayor Kate Gallego even just admitted, “We opened too much too early and so our […]

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Extreme Option Profits Chart of Day…VIX Short Term (TVIX)

The coronavirus just refuses to die.With a “second wave” reportedly hitting the world, the best way to trade the fear is by again trading volatility ETFs and ETNs. You can be sure that every time there’s a spike in new cases, deaths, and hospitalizations, it’ll be blared all over the major headlines, spiking fear even […]

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Bulls Stay Strong with 3rd-Straight Win

The market closed higher for the 3rd-straight session following reports President Trump is pushing a $1 trillion stimulus package to rebuild our bridges and roads while providing greater access towards 5G networks and improving internet services in rural areas of the country. Additionally, a breakthrough in the treatment of the corona virus using a widely […]

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Bulls Get 2nd-Straight Win Despite Opening Selloff

The market closed higher on Monday following a sharp rebound off the opening lows after the Federal Reserve took further steps to keep credit flowing to big businesses. The announcement came amid signs of a resurgence of the corona-virus pandemic in parts of the world and here at home in a number of states.The Russell […]

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Bears Stay Aggressive

investors

The market closed higher Friday in choppy trading as Wall Street attempted to recover from the prior session’s steep losses. The wild price swings were marked by wild swings, with the S&P 500 up nearly 3% at its peak and down over 0.5% at the low.The gains didn’t offset the weekly loss as the bears […]

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Bears Get Aggressive

U.S. markets

The market took a step back on Thursday as fears of a resurgence in coronavirus infections and a gloomy economic forecast from the Federal Reserve halted the current momentum. The selloff was the steepest since mid-March with prior support levels from late May back in play.The Russell 2000 tapped a late day low of 1,355 […]

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Fed Update Weighs on Market

The market ended a choppy session mostly lower on Wednesday after The Federal Reserve reassured investors of its support for the economy but projected a 6.5% decline in gross domestic product this year. In its latest policy statement, The Fed also forecast a 9.3% unemployment rate at year’s end, with its members also forecasting the […]

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Extreme Option Profits Chart of Day…Barrick Gold Corp. (GOLD)

Gold should continue to push higher.All as investors bet global central banks won’t tap the breaks on much-needed economic stimulus. In fact, “The global economic recovery will still require further aid and gold prices should still be supported over the medium-term,” wrote Edward Moya, senior market analyst at brokerage Oanda, as quoted by MarketWatch.In addition, […]

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Nasdaq Tags 10,000

The market settled mostly lower on Tuesday as Wall Street awaited Wednesday’s update from the Fed. Tech bucked the trend after showing strength shortly after the open and was the only sector that closed higher for the session.The Tech gains helped the Nasdaq to its 3rd-straight all-time high with the index briefly clearing the 10,000 […]

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