Market Update (10/29)

Stocks rebounded on Thursday and reversed an early morning selloff after economic data showed a surge in third-quarter GDP and a better than expected jobless claims report. Still, despite the bullish sentiment on Thursday, investors are cautiously evaluating the upcoming election’s implications, a global spike in coronavirus cases, and a stalemate in pandemic relief stimulus…
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Market Update (10/28)

Both stocks and commodities dropped sharply on Wednesday as investors digest the news of elevating coronavirus case counts in the U.S. and Europe. Those concerns are added to potential market impacts from the upcoming elections as well as from uncertainty about when the next fiscal stimulus might get passed. U.S. equities’ weakness came alongside a…
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Market Update (10/27)

Stocks were mixed Tuesday following a brutal Monday selloff that pushed the Dow and S&P 500 to their biggest one-day drops in more than a month. Weakness in the Dow continued on Tuesday as 3M and Caterpillar both fell after reporting disappointing earnings results. The S&P and NASDAQ markets stabilized, following their 1.9% and 1.6%…
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Buy Low, Sell High Trend Capitalizes on 2020 Investment Tradewinds

“Buy low and sell high” has long been a popular mantra in the trading world. While this strategy seems like common sense, it is sometimes easier said than done, as newer traders struggle to time the market and to part with favorite securities. However, more and more investors are starting really, really low in 2020,…
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Market Update (10/26)

Stocks moved decisively lower on Monday to start what could be a volatile week. With the U.S. elections looming and with a resurgence of the coronavirus around the globe, including the United States, investors took risk off the table. Shares in companies that were expecting to soon benefit from a broad scale economic reopening were…
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BTC

We went long BTC in late July on the break above the long-term downtrend line.  Our next target is the high of $13,844 from June 2019.  If we break and close above this level, I believe we retest the all-time highs and head toward $24,000.

Market Update (10/23)

Stocks ended mixed on Friday as investors remained cautious into the weekend and evaluated prospects of a near-term stimulus deal as well as the potential impact of the final presidential debate on the upcoming election. Dow-component Intel (INTC) is helping to send mixed messages regarding the strength of the economy, selling off more than 10%…
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Market Update (10/22)

Stocks were bullish on Thursday despite a stimulus deal that appears to have stalled and only a slight improvement to the jobless claims rate. The absence of “bad news” may have helped to provide positive momentum to a market that is hungry for gains.  Active stocks included Tesla (TSLA), which gained more than 2% after…
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Market Update (10/21)

It’s a reversal of fortune. On Tuesday, the cautious optimism turned to pessimism as hopes for an economic stimulus package fade. The rhetoric from both political parties intensified causing investors to take risk off the table. That sentiment caused investors to rethink their bullish thesis and by the end of the day all three major…
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Market Update (10/20)

Investors are trying to find a reason to bid stocks higher. On Tuesday, Monday’s pessimism turned to cautious optimism as new hopes for an economic stimulus package is said to be in late-stage negotiations. The hope is that a deal can be reached before the November elections to help drive retail sales, travel, and holiday…
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The Importance of Day Traders: The Unique Role that Self-Employed Traders Play in Society and the Stock Market

By their definition, day traders typically buy and sell stocks, foreign exchange, futures and other securities, entering and exiting positions throughout the day. Using their own capital, day traders aim to make small – but frequent – gains by closely watching the financial markets throughout the trading day. Within this category, there can be brand-new,…
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