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02/03/2021
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Why the Stock Market Is Vulnerable Right Now

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
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Stock Market Recap: Tuesday, Feb. 2, 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
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Why You Can’t Afford To Get Caught Up in the GameStop Mania

I don’t know about you guys, but I’m getting sick of the GameStop and WallStreetBets phenomenon. And it’s not because it’s not fascinating or worth paying attention to — it is.  I love watching TikTok, Twitter and Reddit as followers urge each other to “hold the line” on their positions […]
02/02/2021
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2 Hot Stocks To Target This Week

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
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WealthPress Readers Outraged By Robinhood Trade Restrictions

The week of Jan. 25 was unlike anything seen before on Wall Street as Redditors banded together to send heavily shorted stocks like GameStop soaring in a squeeze.  Subreddit r/WallStreetBets, which now has 8 million members and climbing fast, became somewhat of a household name as news of the sudden, […]
02/01/2021
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Stock Market Recap: Monday, Feb. 1, 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
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This Major Index Is Showing Weakness Right Now

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
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Moderna Has Been on FIRE. But Is it Still a Buy?

Is Moderna still a buy?  I’ve been hearing this question a lot this month. Probably my most popular video I’ve done since joining the team here at WealthPress was a few weeks ago when I said Moderna could double or triple this year. It seemed bold to some, but we’re […]
01/29/2021
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Stock Market Recap: Friday, Jan. 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 […]
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