Sponsored By: Today’s Summary Friday, February 15h, 2019 US stocks ended the week on a strong note with the Dow Jones Industrial Average closing up 444 points or 1.74%. Today marked an eight-week winning streak for the Index. All 11 of the S&P 500 sectors were positive today. Financials were a clear winner, closing higher by […]
“You’ve Got to Stay Away From This Stock”
Earlier this week, Ari Wald of Oppenheimer appeared on ‘Trading Nation’ to give his thoughts on Activision Blizzard (ATVI). Ari’s sentiment towards the stock can be summed up in one sentence: “It looks awful.” And to be honest, it’s hard to argue with that statement. As Ari points out, Activision has failed to recoup its […]
Checking in on Crypto
It’s been a little over a year now since Bitcoin topped out in December of 2017. That year, the price of one Bitcoin surged from $1,000 to over $19,000. “Bitcoin Mania” was truly a speculative bubble in its purest form, and will likely be studied alongside Tulip Mania for years to come. It was a […]
Willie Delwiche & Current Market Trends
On Monday, Baird Strategist Willie Delwiche gave his thoughts on where we currently stand in the market. What I love about Willie’s approach is that it’s very straight-forward, in that it’s mainly just a bunch of charts. And as we know, charts speak a thousand words. He covers all eleven sectors and many sub-industries in […]
Can Stocks Make New Highs in 2019?
The final quarter of 2018 ended with a major correction for the S&P 500 index, declining 20% from its September highs. We’ve since rebounded off those December lows, with the index up over 8% in the past 8 trading days. Many say we’ve entered a bear market and an economic recession is looming. On the […]