Roger Scot
02/03/2021
Global stock markets are mostly higher this morning following Tuesday’s rally on Wall Street. In the U.S., however, the Dow Jones opened lower while the S&P 500 moved higher. I’m still concerned that momentum levels for the S&P 500 and Nasdaq 100 are above the 90th percentile, which means markets […]
02/02/2021
Wall Street showed strong gains again as ongoing stimulus hopes, vaccine progress and decreasing virus cases fueled bullish sentiment — and more in Tuesday’s stock market recap. Financial and energy stocks outperformed while a number of heavily shorted names, such as GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings Inc. […]
02/02/2021
Companies are incorporating cloud technology fast… And the adoption of the cloud as a venue, which enables anyone with an internet connection to access IT resources on demand, for more workloads is increasing. That means more and more users need to adapt to cloud-centric architecture to replace legacy software technology […]
02/02/2021
Global stock markets rose today following President Joe Biden’s meeting with Republicans to talk about more potential economic aid, and silver’s retreat from an eight-year high. Small day traders are figuring out that silver isn’t GameStop, and that deciding to go long to bid off shorts isn’t going to be […]
02/01/2021
Wall Street rebounded following news that President Joe Biden will meet with GOP senators on a relief package — and more in Monday’s stock market recap. Republicans proposed a $618 billion stimulus bill, which includes $300 per week unemployment benefits through June and $1,000 direct payments. However, the Democrats are […]
02/01/2021
Global stock markets and U.S. futures climbed higher this morning after AstraZeneca said it would supply Europe with more COVID-19 doses than originally planned due to rising concerns about the pandemic. On Wall Street, the battle between large hedge funds and day traders over stocks like GameStop and AMC have […]
01/29/2021
Wall Street was hit with another round of selling pressure as the short-squeeze frenzy and volatility added to coronavirus and vaccine woes — and more in Friday’s stock market recap. The uncertainty over stimulus also weighed on sentiment with the losses sealing weekly losses for the major indexes. Stock Market […]
01/29/2021
Global stock markets and U.S. futures traded lower this morning over concerns about rising COVID-19 cases in countries around the world and as Wall Street volatility continues to run amuck. In the U.S., markets are riled up about the wild swings in stocks like GameStop and AMC that were targeted […]
01/28/2021
Wall Street rebounded as better-than-expected economic news offset slightly disappointing earnings announcements from Apple Inc. (Nasdaq: AAPL), Facebook Inc. (Nasdaq: FB) and Tesla Inc. (Nasdaq: TSLA) — and more in Thursday’s stock market recap. Meanwhile, bullish sentiment was helped by the recent comments from Federal Reserve Chair Jerome Powell. He […]