Weekly Jobless Claims came in at the lowest they’ve been since 1969! And stocks got off to a nice start. Stocks started the day higher, but couldn’t hold onto early gains. After a dip in the morning, stocks were sideways. Then we saw a sell-off right around lunch and the major indices hit lows of … Read more
FREE DOWNLOAD – The Rebel’s Guide to Trading Options – How to Protect & Profit in any Market Free TheoVideo Report – for Thursday, April 11, 2019 by Corey Rosenbloom What opportunities are we spotting in the XLF Financial Sector with big names JP Morgan (JPM) and Wells Fargo (WFC) reporting earnings Friday morning? Corey … Read more
The market is so close to all-time highs again, but it can’t seem to get over the hump. It looks like another range-bound day for stocks today. However, with earnings kicking off tomorrow, we should get some excitement back into the markets. It seems like traders are waiting to hear some results before they decide … Read more
Stocks fell on Thursday as shares of Apple rolled over and Wall Street looked ahead to the start of the earnings season. The Dow Jones Industrial Average dipped 47 points as Apple slipped 0.3%. The S&P 500 traded 0.1% lower while the Nasdaq Composite slipped 0.2%. Bank shares fell off their highs of the day. … Read more
Amazon and Walmart are in war over worker pay — and now corporate taxes. After Amazon CEO Jeff Bezos on Thursday issued a challenge to other retailers, not naming which ones specifically, to match Amazon’s pay and benefits, Walmart has responded, albeit quietly. “Today I challenge our top retail competitors (you know who you are!) … Read more
Lyft shares hit a new 52-week low on Wednesday as the stock tumbled nearly 11% while investors expect its larger rival Uber to formally file to go public on Thursday. Lyft’s drop also follows skepticism about the ride-hailing service’s valuation from a top authority. New York University professor Aswath Damodaran said Lyft should be traded … Read more
U.S. stock index futures pointed to a higher start to the trading day Thursday as investors cheered progress on U.S.-China trade talks. At 7:17 a.m. E.T., Dow Jones Industrial Average futures indicated a gain of about 53 points at the open. Futures for Nasdaq 100 and S&P 500 were also higher. U.S. Treasury Secretary Steven … Read more
Stocks were higher in early trading this morning. But then trading was choppy with traders waiting for the March Fed Minutes. The Fed released minutes from the last Fed meeting at 2:00pm ET today. The minutes showed that the Fed sees little reason to continue to raise rates and will remain flexible. Immediately following the … Read more
FREE DOWNLOAD – The Rebel’s Guide to Trading Options – How to Protect & Profit in any Market Free TheoVideo Report – for Wednesday, April 10, 2019 by Don Kaufman The markets had no reaction after the Fed minutes and ECB rate decision came out. The ECB kept rates at 0% whereas the Fed said … Read more
Stocks have been trading in a pretty tight range this week, which is actually a good thing for us. Why? Because the type of trades we focus on are penny stocks that have catalysts. If the rest of the market gets dull, traders who typically trade mid and large caps will start jumping into small-caps … Read more