Dow Falls Into Bear Market Territory

March 11, 2020 By: adminbackup

The market was down for the 2nd-straight session and for the 3rd-straight Friday despite a fantastic jobs report. However, the bounce off the last session lows gave the bulls the overall weekly win with the small-caps still in correction mode.A retest of the late February lows remains in play and a necessary part of any potential bottoming process. Friday's late rebound was mildly encouraging but...

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Extreme Option Profits Chart of Day…Volatility Index (VIX)

By: adminbackup

Keep an eye on Carnival (CCL). The stock has been battered by the coronavirus story. However, it’s down too far, too fast, and could soon recover, even though it could see an EPS loss of 55 to 65 cents a share if operations in Asia are suspended through April 2020.   “While that has not come to pass and may be averted, the cruise line said there will be a material impact on...

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Stock market’s ‘fear’ index shows how unhinged markets have been over coronavirus compared to the 2008 crisis

March 10, 2020 By: adminbackup

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Bulls Rebound Despite Choppy Session

By: adminbackup

The market was down for the 2nd-straight session and for the 3rd-straight Friday despite a fantastic jobs report. However, the bounce off the last session lows gave the bulls the overall weekly win with the small-caps still in correction mode.A retest of the late February lows remains in play and a necessary part of any potential bottoming process. Friday's late rebound was mildly encouraging but...

Continue reading >>

Extreme Option Profits Chart of Day…ProShares Ultra VIX (UVXY)

March 9, 2020 By: adminbackup

Keep an eye on Carnival (CCL). The stock has been battered by the coronavirus story. However, it’s down too far, too fast, and could soon recover, even though it could see an EPS loss of 55 to 65 cents a share if operations in Asia are suspended through April 2020.   “While that has not come to pass and may be averted, the cruise line said there will be a material impact on...

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Market Suffers Biggest Point Declines in History

By: adminbackup

The market was down for the 2nd-straight session and for the 3rd-straight Friday despite a fantastic jobs report. However, the bounce off the last session lows gave the bulls the overall weekly win with the small-caps still in correction mode.A retest of the late February lows remains in play and a necessary part of any potential bottoming process. Friday's late rebound was mildly encouraging but...

Continue reading >>