MARKET OUTLOOK, 22 JUNE 2020

Investors are still in the "Buy the dip" mentality after the major recovery from the bottom mad in March this year, and confirmations made by the Fed announcing on Monday that it will start buying individual corporate bonds through its Secondary Market Corporate Credit Facility. ...
Read More

PRICE ALERT: XSPA, Broke resistance

The stock belongs to a weak sector which is related to tourism and flights but as the economies of the world are reopening, the stock may stage a bounce up. The latest earnings report was good (missing the current Coronavirus related quarter), and technically it broke resistance with high volume...
Read More

MARKET OUTLOOK, 01 JUNE 2020

S&P500 above its 200-day moving average, up +3.0% for the week. Stock market extended its rally on continued optimism about economic recovery and fear of missing out. U.S.-China relations are front news again as there was uncertainty regarding China approving legislation to tighten its control ove...
Read More

MARKET OUTLOOK, 25 MAY 2020

The stock market was up this week with the S&P 500 +3.2% to end the week at 2955.45. Moderna (MRNA) was responsible for most of the earnings this week after announcing they have preliminary results for a coronavirus vaccine, this piece of news jump-started the week as the market made most of this w...
Read More