Market Update: Tuesday, July 7, 2020

U.S. markets opened lower to start Tuesday’s session as persistent concern over rising coronavirus cases and a retrenchment in reopenings weighed on sentiment. Optimism over the growth outlook was back under renewed pressure, as the surge in infections continues to hamper reopenings with California, Florida and Texas pulling back on their opening processes.

Stocks Rise Despite Climbing Virus Cases

Global markets and U.S. shares are on the rise this morning as investors disregard the surge in new virus cases in heavily populated areas around the world, choosing instead to set their sights on an economic recovery.

Market Update: Monday, July 6, 2020

U.S. markets closed higher on Monday following a 3-day weekend as Wall Street prepares for a light opening to 2Q earnings and the official start coming next week with the Financial sector. Better-than expected economic news and merger & acquisition headlines helped pushed the major indexes towards early and mid-June resistance levels.

2 Stocks Heating Up For Summer Investing

We’re watching some pretty sharp events take place. In the past six months alone, we’ve seen a nasty trade war with China and a global pandemic. But there’s more where that came from…

Major Airliners Key Levels Right Now

Just days ago, major airliner stocks were set to soar… but in today’s market madness, they’ve already landed back on the ground...

Markets Rise on Hopes for Virus Vaccine

Global markets and Wall Street are on the rise this morning as hopes for the development of a virus vaccine intensify. In fact, many investors are optimistic after Pfizer and BioNTech announced positive data from an early-stage vaccine trial, but meanwhile states like California and Texas are reporting record highs in new cases.

Market Update: Thursday, July 2, 2020

U.S. markets showed strength throughout Thursday’s session following another blowout jobs report and a rebound in factory orders. Ongoing concerns over steadily rising coronavirus cases pulled the major indexes off their best levels but not before Tech tagged a fresh all-time intraday and closing high.

4 Chart Tricks Traders Should Know

If you’re an active trader like me, then you already know that your charts are an integral part of your operation station.

Understanding Gold and Why its Going to Explode Higher

I am no longer surprised by how misunderstood gold is in the historical monetary context. Detractors like to point out its uselessness as a fungible unit of trade (you can’t buy a loaf of bread with a bar of gold) while wizened investors maintain a 10-15% allocation to gold in the event of a systemic failure in monetary currencies.