headline
06/17/2020
Today marks the 20th day of protesting. The number of people affected by the virus is still rising. But despite it all, global markets are dancing along to the tune of Wall Street’s rally. The newest rally is being fueled by the hopeful prospect of global economic recovery. However, analysts […]
06/16/2020
Last Thursday was a huge distribution day as selling was on a massive uptick — almost triple the average volume of the past 200 days.
06/16/2020
I gotta tell you folks, you can’t help but be fascinated with how quickly the stock market moves. Yesterday, global markets were down as the second shoe dropped. Today, Wall Street is poised for another market rally.
06/15/2020
Whether it’s 13.3% or 20% unemployment, the result is still the same. The longest economic expansion in U.S. history came to an end in March.
06/15/2020
Before the end of last week, we had been seeing a consistent drift lower in the CBOE Volatility Index coupled with a rise in overall markets. As we have been predicting through momentum indications, Thursday changed everything…
06/15/2020
The second shoe has finally dropped…
And I hate to say I told you so, but I saw this coming a mile ahead. I’ve been warning everyone not to get too excited about the rally because it was just a reaction, and not the new leg up investors were praying for.
06/12/2020
The U.S. is currently sitting at all-time high storage levels as reopening continues to progress slowly and refiners continue to dump jet fuel (for which demand is still down roughly 80%) into their diesel cuts.
06/12/2020
I’m covering a very controversial (and spicy) topic today: Stocks you need to toss.
06/12/2020
We’ve experienced more trading action in the past month than ever before...
And while the overall market seems to be recovering (and trading above the 200-day MA), there are several clues indicating the foundation isn’t solid.