Market Update: Wednesday, July 1, 2020

U.S. markets showed strength on Wednesday’s open as encouraging news on the coronavirus vaccine front lifted sentiment. A mixed bag of economic news kept the gains in check as Wall Street awaited the afternoon meeting minutes from the Fed.

What Does This Breaking News Mean For 3rd Quarter Data?

Pandemic numbers are at an all-time high in America. Unemployment data is creating buying capitulation. The smartest economists are missing estimates by 6%. Nobody knows what’s happening.

Why I’m Looking For Pullbacks Not Breakouts

We’re running out of momentum, and I don’t like it. If you look at the percentage of stocks in the S&P 500 trading above their 50-day moving average, it’s only 65.21%... and the rubber band is still moving down!

Market Update: Tuesday, June 30, 2020

U.S. markets opened slightly lower to start Tuesday’s session as mixed economic news weighed on sentiment. The losses were quickly recovered with tight trading ranges and consolidation forming afterwards as Wall Street awaited comments from Treasury Secretary Mnuchin and Fed Chairman Powell’s testimony to Congress.

4 Premium Stocks as Markets Drop

The U.S. is halting the reopening of the economy as virus cases hit record highs, stimulus money is running out and we don’t seem to be any closer to a vaccine or accurate testing…

Trading Tip Tuesday: Stop being a Loser

This trading tip is specifically designed for the brand-new (or inexperienced) trader who’s not giving themselves the opportunity to win.

Biggest Divergence Since February

The world stock market is rather subdued this morning as the global number of confirmed virus cases topped 10 million, causing some governments to consider postponing their reopening timeline. In fact, right when many people were expecting businesses to reopen, Texas and Florida have shut down bars once again...

Market Update: Monday, June 29, 2020

U.S. markets rebounded to start the shortened holiday week as better-than-expected economic news outweighed ongoing coronavirus concerns. The gains helped keep 3-week trading ranges intact while pushing the major indexes back into positive territory for the month.

Pay Attention to KWEB

Last week, I gave you some Chinese stocks that had major potential to break out and start moving up…