Good MorningThe tech-led market correction extended its losses on Thursday with all three major indices shedding more than 1.25% by the end of the session. The move was sparked by another impasse in Washington and is the fourth day of selling out of the last five. On Capitol Hill, Senate Republicans tried to move on a one-side stimulus bill that barely made it out of the idea phase.
In a technical sense, Thursday’s selling confirms resistance to higher prices and points to a deeper correction to come. The question now is how deep and the answers could be shocking. The minimum investors might expect to see is another 3.0% drop for a total decline of 10% for the S&P 500. In the worst case, there is a chance for up to 20% or more of losses over the next few weeks. Next week is a data-heavy week so traders and investors should expect market volatility.
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Technology | | Zscaler Is A Cloud-Winner That Keeps On Winning
The number one most enduring trend sparked by the COVID-19 pandemic is an accelerated shift to digitization. There is evidence of it everywhere you look. Earnings from retailers are driven by eCommerce, businesses are navigating shut-downs and eCommer... Read the Full Story |
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It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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Technology | |
Let’s face it. We live in a different world than we did just a year ago. Life is more complicated. And yet, in some ways it’s not complicated at all. The absence of some routine choices has simplified our lives in some ways. Just not necessarily in ways that we like.
One thing is cert... Read the Full Story |
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Markets | | It’s Time To Get Ready For The 3rd Quarter Reporting Season
There is a situation developing in the market that you need to know about. The analysts have begun to issue their updates and the news is good. I can’t say I haven’t been warning you, this was bound to happen, the consens... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Retail/Wholesale | |
3 Strong Stocks to Consider Buying on the Dip
With millions of people stuck at home for a large portion of this year, we’ve seen some truly awe-inspiring moves in stocks that are involved in the e-commerce industry. These stocks have all been flying due to a permanent shift in the way t... Read the Full Story |
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Auto/Tires/Trucks | | Upgrades Will Drive The Next Wave Of Buying
The market has entered a correction there is no doubt about it. The tech-heavy NASDAQ Composite is down nearly 10% over the past few trading days with the broad market and blue chips not far behind. Truth be told, it’s about time we had a correction... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Retail/Wholesale | | Amazon (NASDAQ: AMZN) just did something it hadn’t done in five months: Touched its 50-day moving average.
On Friday, shares dipped a little below the 50-day, but quickly recovered and closed near the day’s highs.
Amazon has been one of the biggest pandemic winners. After shares droppe... Read the Full Story |
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Retail/Wholesale | |
The Short-Story On Second Quarter Earnings
The second-quarter earnings cycle got started with a boom and now its ending with a bust. When the cycle started and it became apparent the consensus figures were too low the market breathed a sigh of relief. When it became clear that most S&P 500 wo... Read the Full Story |
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Markets | |
This year, the era of cloud technology dominance has officially begun. With cloud stocks leading the Nasdaq to record highs regularly, many investors are trying to figure out just how much potential these companies will have over the next decade. It’s easy to understand why businesses that a... Read the Full Story |
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Technology | |
Ambarella, A Diversified Play On Specialty Semiconductors
Ambarella (NASDAQ:AMBA) made a name for itself providing chips and technology for GoPro’s (NASDAQ:GPRO) popular line of digital, connected, cameras. Unfortunately for both companies, the GoPro narrative did not play out quite as we t... Read the Full Story |
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Medical | |
Did you know that healthcare spending makes up more than 10% of the GDP in most developed countries? In the United States, the spending is near twice that amount and accounted for 17.7% of GDP in 2018. With a global pandemic bringing the healthcare industry front and center, it’s easy to see... Read the Full Story |
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The Early Bird Stock Of The Day RumbleOn, Inc. primarily operates as a powersports retailer in the United States. It operates in two segments, Powersports and Vehicle Transportation Services. The Powersports segment provides new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercraft, snowmobiles, and other powersports products. It also offers parts, apparel, accessories, finance and insurance products and services, and aftermarket products, as well as repair and maintenance services. The Vehicle Transportation Services segment provides asset-light transportation brokerage services facilitating automobile transportation. The company was formerly known as Smart Server, Inc. and changed its name to RumbleOn, Inc. in February 2017. The company was incorporated in 2013 and is based in Irving, Texas. | | View Today's Stock Pick |
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