Nasdaq Recovers 50-Day Moving Average

September 23, 2021 By: Todd Mitchell

The stock market set another round of record highs on Thursday following better-than-expected jobs data and a boost in energy stocks. Specifically, initial claims for state unemployment benefits dropped 14,000 to 340,000, the lowest level since mid-March 2020. Meanwhile, the energy sector jumped over 2% while reversing most of the losses suffered during the previous three sessions as a sharp...

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Extreme Option Profits Chart of Day…Apple (AAPL)

By: Todd Mitchell

Apple has become ridiculously oversold. After pulling back from $157.50 to $143.43, the stock appears to have caught strong support dating back to July.  From here, we’d like to see a bearish gap refill around $148.  It’s also wildly oversold on RSI, MACD, and Williams’ %R at the moment.  Helping, Wedbush analyst Dan Ives says that it’s time to buy the dip in tech stocks, as noted...

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Disney Production Delayed as Delta Variant Spreads

September 22, 2021 By: Todd Mitchell

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Bulls Rebound but Volatility Remains Elevated

By: Todd Mitchell

The stock market set another round of record highs on Thursday following better-than-expected jobs data and a boost in energy stocks. Specifically, initial claims for state unemployment benefits dropped 14,000 to 340,000, the lowest level since mid-March 2020. Meanwhile, the energy sector jumped over 2% while reversing most of the losses suffered during the previous three sessions as a sharp...

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Bears Crack Key Technical Support Levels

September 20, 2021 By: Todd Mitchell

The stock market set another round of record highs on Thursday following better-than-expected jobs data and a boost in energy stocks. Specifically, initial claims for state unemployment benefits dropped 14,000 to 340,000, the lowest level since mid-March 2020. Meanwhile, the energy sector jumped over 2% while reversing most of the losses suffered during the previous three sessions as a sharp...

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Another Weak U.S. Jobs Report May Be Ahead: JPM

By: Todd Mitchell

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