Bears Stay Aggressive as Nasdaq Closes Below 11K

September 8, 2020 By: Todd Mitchell

The market fell for the 3rd-straight session on Tuesday following a long 3-day holiday weekend with the lower lows being an ongoing bearish signal. Technology stocks and the sector led the downdraft with the Nasdaq and the Russell 2000 closing back below their 50-day moving averages.The Nasdaq settled at 10,847 (-4.1%) after tapping a session low of 10,837. Fresh support from mid-August at 10,800...

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Dow futures jump 200 points in overnight trading following the worst tech rout since March

September 7, 2020 By: Todd Mitchell

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U.S. considers blacklisting China’s largest chipmaker as tech tensions escalate

September 6, 2020 By: Todd Mitchell

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Bears Get Weekly Win

September 5, 2020 By: Todd Mitchell

The market ended the week higher as optimism about a fast-response coronavirus test and confirmation of the Federal Reserve’s new inflation strategy bolstered ongoing bullish sentiment. A bevy of economic news also lifted spirits with the Nasdaq and S&P setting their 40th and 20th record closes for 2020. The Russell 2000 closed on its session high of 1,578 (+0.9%). Key resistance at 1,575...

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Dow Jones Plunges 800 Points Amid Jobless Claims As Apple Drops 8%; Tesla Tumbles 9%, While CrowdStrike Dives 10% On Earnings

September 3, 2020 By: Todd Mitchell

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Selloff Slaps Wall Street, Volatility Zooms

By: Todd Mitchell

The market ended the week higher as optimism about a fast-response coronavirus test and confirmation of the Federal Reserve’s new inflation strategy bolstered ongoing bullish sentiment. A bevy of economic news also lifted spirits with the Nasdaq and S&P setting their 40th and 20th record closes for 2020. The Russell 2000 closed on its session high of 1,578 (+0.9%). Key resistance at 1,575...

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