It didn't seem likely, and it may not make a lot of sense. But, the market managed to tack on more gains las week. In fact, it accelerated a rally that's been in place since late June. It makes an already-tricky situation even trickier. The COVID-19 pandemic clearly isn't going to be economically devastating, so the snap-back rally from March's...
It didn't seem likely, and it may not make a lot of sense. But, the market managed to tack on more gains las week. In fact, it accelerated a rally that's been in place since late June. It makes an already-tricky situation even trickier. The COVID-19 pandemic clearly isn't going to be economically devastating, so the snap-back rally from March's...
It's a move that most traders would be hesitant to follow. FANG stock Netflix (NFLX) bolted nearly 12% higher on Wednesday following news that new subscribers would likely stay on board even after the pandemic subsides. All too often though, such moves are followed by a reversal. This just isn't an environment where trends last long. The more volatile the...
It's a move that most traders would be hesitant to follow. FANG stock Netflix (NFLX) bolted nearly 12% higher on Wednesday following news that new subscribers would likely stay on board even after the pandemic subsides. All too often though, such moves are followed by a reversal. This just isn't an environment where trends last long. The more volatile the...
RESEARCH HIGHLIGHTS: Incredible Opportunities In Precious Metals Right Now Platinum Sets Up For A Big Breakout Gold Poised To Continue Rally Silver Is Still In The “Super-Hero” Setup Rally Hinges On The Platinum Breakout Above $1,050.50 Platinum may be setting up in a technical pattern that is similar to the end of 2001/early 2002. At that time, Gold had already...
By Ed Ponsi, TheStreet.com It seems that every day, we hear of new innovations in the field of medicine. Just this week, the Food and Drug Administration provided emergency authorization for a convalescent plasma treatment for Covid-19. Also, major pharmaceutical firms are reportedly closing in on a vaccine, which could be available before year end. The biotech sector is the...
Research Highlights: With Gold trading above $2,000 for the first time and Silver trading near $27.50, you need to understand the risks in the markets that precious metals are warning of. If Gold breaks above $2,400, then there is a very real concern that the global markets could be close to some type of decline/collapse event. We believe the upside...
By Keris Lahiff, CNBC One of the hottest stay-at-home stocks could be set for more upside, said Todd Gordon, managing director at Ascent Wealth Partners. Videoconferencing stock Zoom Video has already rallied nearly 330% this year and Gordon is betting a strong technical set-up and fundamental tail winds can propel it higher when it reports earnings on Aug. 31. "Zoom...
Stocks logged another gain last week, but it was far from being inspirational. The S&P 500 continues to struggle with technical resistance near its February peak, and the volume behind the NASDAQ's gain continues to deteriorate. Traders simply don't have much conviction that there's any more upside left to tap into. We'll explore that idea in detail below, but first,...
Stocks logged another gain last week, but it was far from being inspirational. The S&P 500 continues to struggle with technical resistance near its February peak, and the volume behind the NASDAQ's gain continues to deteriorate. Traders simply don't have much conviction that there's any more upside left to tap into. We'll explore that idea in detail below, but first,...
