Picks of the Day July 21,2017

NASDAQ Hits 10 Straight Winning Days! Wednesday’s rally had propelled the large Wall Street indexes up to new historic highs, leaving stocks in short-term overbought territory, and so it was no surprise that the market chose to take a breather and trade sideways...

Picks of the Day July 20,2017

Midsummer Night’s Dream! A full-blown rally on Wall Street sweeping up both large and small stocks alike dominated trading screen yesterday, pushing the large Wall Street indexes to historic highs. Tech stocks, broke past a level they had been waiting to...

Picks of the Day July 19,2017

This Season’s Winners and Losers! Earnings reports took center-stage on Wall Street yesterday, a sharp rally in the stock of Netflix (NFLX) pushing the NASDAQ to a historic high on Tuesday, while a sharp decline in Goldman Sachs (GS) pulled the Dow Jones down....

Picks of the Day July 18,2017

Green Glasses It’s not volatility that’s gone through the roof, but rather complacency, which has now seen unheard of levels! The VIX index, which measures the volatility forecasted for the next 12 months, has recorded since the start of May, 13 of its 23...

Picks of the Day July 17,2017

Trend Reins Supreme! When considering the latest rally in financial stocks and the conservative stance voiced by Yellen – the latter of which found support in Friday’s retail sales numbers and the negligible inflation rate – it was no surprise to see the market...

Picks of the Day July 13,2017

Fed Gets Credit for New Highs! The Dow Jones soared to new historic highs on Wednesday, after the Fed signaled that it would further a policy of gradual monetary tightening and incrementally lower its huge balance sheet. Investors applauded the tone voiced by Fed...

Picks of the Day July 12,2017

Market Seesaws: Despair Makes Way for Hope Stocks on Wall Street ended slightly changed on Tuesday, yesterday’s trading dominated by the reflex reactions to the intrigue in the White House which sent investors’ emotions up and down like a rollercoaster....