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11/25/2020
I’d first like to offer a quick happy Thanksgiving holiday to everyone! My wife, Joan, and I decided to stay home with our son, Joseph, instead of travel this year. Whether you decided to do the same or otherwise, cherish the time you have with your family and friends. Thanksgiving […]
11/24/2020
Wall Street showed continued strength following news that the Trump administration approved the start of a formal transition to President-elect Joe Biden — and more in Tuesday’s stock market update. Additionally, the pick of former Federal Reserve Chair Janet Yellen, a well-known quantity for Treasury Secretary, has calmed fears of […]
11/24/2020
Although the gold market has been lagging behind, it may not be time to write it off just yet… If you look at the gold market right now (the chart we’ll look at in today’s video is the one-year futures contract), you’ll notice that gold futures just broke below their […]
11/24/2020
Global stock markets are higher this morning amid encouraging COVID-19 vaccine data and news that the Trump administration has started to transition power to U.S. President-elect Joe Biden. News also broke that Biden has chosen former Federal Reserve Chair Janet Yellen to be Treasury Secretary, which further increased investor confidence […]
11/23/2020
At long last, energy stocks are rising. I started banging the drum on them a couple of months ago, and they are suddenly becoming quite popular. In fact, all of my beaten-down oil companies have taken off big-time to the upside. Chevron Corp. (NYSE: CVX) is up 23%, Valero Energy […]
11/23/2020
Wall Street rebounded to recover all of Friday’s pullback but remained in a two-week trading range — and more in Monday’s stock market update. AstraZeneca PLC (Nasdaq: AZN) announced its vaccine is up to 90% effective in trials, helping boost sentiment and now representing a third piece of COVID-19 treatment […]
11/23/2020
Large institutions and hedge funds are required to file special quarterly documents (13F) with the SEC. This keeps everything smooth and transparent. And tends to give investors and traders a breakdown of which stocks hedge funds are buying. I just used the latest reports to find out which funds made […]
11/23/2020
Global stock markets opened higher this morning following more COVID-19 vaccine news. However, worries still remain high about how precautionary measures (like shutting down indoor restaurant dining) will impact businesses. AstraZeneca plc (Nasdaq: AZN) said today its coronavirus vaccine, developed in collaboration with the University of Oxford, is up to […]
11/20/2020
Wall Street traded in another tight range to close out the week as cross-currents continue to weigh on sentiment — and more in Friday’s stock market update. Headwinds include ongoing coronavirus concerns, renewed restrictions, updated vaccine developments, stimulus uncertainties and worrisome outlooks in the economy. Selling pressure picked up in […]