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Bulls Recover Near-Term Resistance Levels on Mild Rebound

October 9, 2019 By: Todd Mitchell

U.S. markets showed strength for the 2nd-straight session following a jobs report that was not as weak as feared. Optimistic comments from President Trump regarding upcoming U.S.-China trade talks added to the jobs report momentum which tempered rising worries of a deeper slowing in economic growth, if not recession by 2020.Fed speak throughout the day supported expectations for another...

Stocks rise for the first time in 3 days as traders hope for US-China trade progress

By: Todd Mitchell

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Chart of the Day… Ulta Beauty Inc. (ULTA) is Wildly Oversold

By: Todd Mitchell

After a poor third quarter earnings report, and a reduction to its outlook, ULTA fell out of favor with investors – and fast. In fact, investors forced the stock from a high of $340 to $230However, it now appears the stock is greatly oversold – with great insider buying to boot.Over the last week, CEO and Director Mary Dillon bought $308,000 worth of stock. Director Charles Heilbronn also...

Bears Keep Near-Term Support and August Lows in Play

By: Todd Mitchell

U.S. markets showed strength for the 2nd-straight session following a jobs report that was not as weak as feared. Optimistic comments from President Trump regarding upcoming U.S.-China trade talks added to the jobs report momentum which tempered rising worries of a deeper slowing in economic growth, if not recession by 2020.Fed speak throughout the day supported expectations for another...