By Sean Brodrick On April 9, 202009:55 AM Eastern
We need to cut our losses on the ProShares UltraShort Dow30 (NYSE: DXD). Why? Because the Federal government just rolled out a new “buy everything” program, and the market is springing higher.
...
By Mike Larson On April 8, 202004:11 PM Eastern
From panic selling to panic buying.
From widespread liquidation to widespread adoration.
From rampant coronavirus fear to emerging coronavirus hope.
That’s the major shift we’ve seen on Wall...
By Jon D. Markman On April 8, 202003:05 PM Eastern
Stocks are on the move higher again Wednesday as investors were lifted by signs that the spread of the coronavirus could be stabilizing in hard-hit locations.
Through 2:30 p.m. Eastern, the Dow...
By Sean Brodrick On April 8, 202010:40 AM Eastern
Today, we’re going to grab gains on your remaining June 19, 2020 Barrick Gold (GOLD) call options with a strike price of $20. The reason is that tonight is the start of Passover, and this Friday...
By Jon D. Markman On April 8, 202006:28 AM Eastern
Stocks staged one of their ugliest reversals of the past decade on Tuesday, gapping way up at the open and then swerving lower into the red as if chased by the securities police.
It looked like...
By Jon D. Markman On April 7, 202002:55 PM Eastern
Stocks are back on the march Tuesday, as investors were buoyed by expectations for further help for American small businesses and shrugged off a grim update about New York’s battle against...
By Sean Brodrick On April 7, 202011:50 AM Eastern
I recommended Freeport McMoRan (NYSE: FCX) June puts with a strike price of $6 as a hedge last month. Those puts are falling in value as the gold market finds its footing again.
The position...
In fast-moving markets, rare things can sometimes happen.
So, just in case that up-and-down turbulence has affected you in a particular way, I wanted to make sure we clear it up. Specifically...
By Mike Larson On April 7, 202008:00 AM Eastern
Monday saw a wave of optimism on news of the tentative success of efforts to “flatten the curve” of COVID-19 infections.
I can’t say for certain whether that optimism was justified in terms of...
By Jon D. Markman On April 7, 202006:28 AM Eastern
Stocks ripped into runaway rally mode Monday as investors suddenly and collectively decided that deaths and mayhem stemming from the covid-19 pandemic were on course to peak and abate over the...