Bulls Stay Strong Despite Opening Weakness

January 23, 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… Wells Fargo (WFC)

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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Market Settled Mixed After Strong Open

January 22, 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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Market Cools After 5-session Hot Streak

January 21, 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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Beyond Meat stock climbs 13% as Starbucks plans to add more plant-based menu options

By: Todd Mitchell

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Extreme Option Profits Chart of Day…Activision Blizzard (ATVI)

January 20, 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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