Roger Scot
11/25/2020
A lot of data has come out today, folks… The U.S. economy rebound at a record pace of 33.1% in the July-September quarter… housing and exports have been offset by downward revisions to state and government spending (along with business inventories and consumer spending)… and the number of Americans applying […]
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
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
I did something a little different yesterday. Instead of giving you my hottest stock recommendations, I explained why algorithmic trading is so important and how you can use it to your advantage. The feedback has been positive so far, so I thought I’d take it one step further… When I […]
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 […]