Penny stocks offer more diversity than any other asset class in the stock market. Consider the market today: Saudi oil fields went under attack, sending energy prices through the roof The Fed is set to make an all-important interest rate decision The China/U.S. trade war is on a timeout While the trade war has been … Read more
It’s pretty remarkable to think that just a few short weeks ago traders thought we were setting up for a market crash… we were losing the China trade war…and the bond market signaled the U.S. economy was headed for a recession. But guess what? The stock market is back to all-time high levels. So what … Read more
U.S. stock futures dropped Monday morning amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth. Around 7 a.m. ET, the Dow Jones Industrial Average futures indicated a loss of more than 100 points at Monday’s open. S&P 500 and Nasdaq 100 futures were also … Read more
Oil prices soared after a coordinated attack hit the heart of Saudi Arabia’s oil industry on Saturday, forcing the kingdom to cut its oil output in half. Brent crude futures, the international benchmark, rose as much as 19.5% to $71.95 per barrel. By 0940 GMT, the contract was at $66.5, up $6.29 or 10.45%. U.S. … Read more
On Tuesday I wrote about the simplicity of support and resistance breakout points. I alluded to the SPY breaking above a key resistance level which it formed over the month of August… If you missed it, you can read it here… Today I want to take a minute to and further continue that discussion… In the … Read more
When I first got out of college… I didn’t have dreams of becoming a trader or a titan hedge fund manager… in fact, I thought I was going to play pro baseball. However, those plans never evolved… so I decided to go after a master’s degree in education… and become a teacher. And like many … Read more
You can’t keep a good market down… and despite everything that has been thrown at it… all-time highs are here again… Not too shabby when you consider all this stuff going on: The European Central Bank (ECB) launched a major stimulus package and cut its interest rates, which should have an impact on assets tied … Read more
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U.S. stock index futures were slightly higher Friday morning, putting the Dow Jones Industrial Average and S&P on the brink of registering all-time record highs. At around 05:30 a.m. ET, Dow futures rose 68 points, indicating a positive open of more than 75 points. Futures on the S&P and Nasdaq were both marginally higher. The … Read more
Stocks were higher today on positive trade news. The major indices were higher at the open after President Trump agreed to delay tariff increases on Chinese goods by two weeks. And on CNBC, Treasury Secretary Steven Mnuchin said that Trump could make a deal any moment. Stocks rallied on the news. But after the strong … Read more