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Bulls Trip Another Round of Fresh Highs to Start 2020

January 2, 2020 By: Todd Mitchell

U.S. markets showed strength for the 2nd-straight session and on the first trading day for 2020 with the major indexes tagging another round of all-time highs. News that China's central bank will add stimulus for its banks helped fuel the rally here and abroad.Expectations for solid U.S. growth, fading trade tensions and continued central bank accommodation are still supporting stocks. However,...

Extreme Option Profits Chart of Day…Apple (AAPL)

January 1, 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...

Oil is on pace for its best year since 2016 as global tensions and dwindling US inventories lift prices

By: Todd Mitchell

Oil is set to close out 2019 with a massive price jump, lifted by geopolitical risk factors and waning US inventories.WTI crude oil is up nearly 36% year-to-date, on track for its best 12-month performance since 2016, according to data first reported by Bloomberg.American crude inventories fell to their lowest level in two months after shedding 5.47 million barrels in the week ended December 20,...