Market Settles Mixed on Tariff Concerns

January 14, 2020 By: Todd Mitchell

U.S. markets showed strength throughout the first half of Friday’s action despite a jobs report that was a tad disappointing, but not troublesome, as the data still showed strong momentum in the labor market. The major indexes tripped another round of all-time highs before fading later in the day and into the closing bell. The pullback wasn’t too surprising as traders took profits ahead of...

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Extreme Option Profits Chart of Day…Micron Technology (MU)

January 13, 2020 By: Todd Mitchell

Just weeks ago, we featured General Electric (GE) in a Chart of the Day following allegations of fraud back in August 2019. Since then, we’ve watched as the stock caught strong support around $8 along with oversold reads on the Bollinger Bands (2.20), W%R, RSI, and MACD. Since spotting that opportunity in August 2019, the stock exploded from a low of $8 to a high of $11.72.  All we had to...

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Bulls Rebound, Push Another Round of Fresh Record Highs

By: Todd Mitchell

U.S. markets showed strength throughout the first half of Friday’s action despite a jobs report that was a tad disappointing, but not troublesome, as the data still showed strong momentum in the labor market. The major indexes tripped another round of all-time highs before fading later in the day and into the closing bell. The pullback wasn’t too surprising as traders took profits ahead of...

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S&P 500 rises to record high after news the US will remove currency manipulator tag from China

By: Todd Mitchell

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Apple, These Tech Giants Lead 2020 Stock Market Rally

By: Todd Mitchell

Dow Jones futures rose modestly early Monday, along with S&P 500 futures and Nasdaq futures. The stock market rally continues to do well, with leading stocks leading. Many of those leaders are big-cap techs. Apple stock, Tesla stock, Facebook stock, Google stock and Salesforce stock are all easily beating the major indexes so far in 2020.Apple (AAPL), Tesla (TSLA) and FANG stocks Facebook...

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Bulls Get Weekly Win as Dow Trips 29,000

January 11, 2020 By: Todd Mitchell

U.S. markets showed strength throughout the first half of Friday’s action despite a jobs report that was a tad disappointing, but not troublesome, as the data still showed strong momentum in the labor market. The major indexes tripped another round of all-time highs before fading later in the day and into the closing bell.The pullback wasn’t too surprising as traders took profits ahead of the...

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