Good Morning. Loving this market isnât the right thing to do to borrow words from the song âGo..
[Trading Tips]
Good morning. Loving this market isnât the right thing to do to borrow words from the song âGo Your Own Wayâ by Fleetwood Mac.
It seems like many parts are moving in different directions and on Thursday, so did the major market indices as the Dow was the hardest hit followed by the S&P 500 as the Nasdaq hit a new all-time high. One thing about divergences, they snap back, but the only question is which direction?
Now hereâs the rest of the news:
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MARKETS
DOW 25,706.09 -1.39%
S&P 3,152.05 -0.56%
NASDAQ 10,547.75 +0.53%
*As of market close
⢠Stocks fell yesterday, as the SCOTUS decision and Walgreens earnings hit the market early in the session.
⢠Oil fell 3.2%, as rising inventories and economic outlook begin to weigh more heavily.
⢠Gold fell 0.71%, as the U.S. dollar found support.
⢠Cryptocurrencies traded lower, with Bitcoin finishing 2.52% lower closing at $9270.
Todayâs TOP TIPS
[4 eLearning Companies for a Post-COVID World](
There is only one certainty for educators, parents, and children in the post-COVID world regarding education and that is that nobody knows what is going to happen. Any understanding of requirements, offerings and limitations is completely up in the air with less than two months to go until school starts. What about online education? This is an area that has a chance to flourish in this environment. Here are four eLearning companies that appear to be prepared to deliver in a post-COVID world.
» [FULL STORY](
[The Options Market Just Put Up an Inflation Signal: iShares Barclays TIPS Bond ETF (NYSEARCA: TIP)](
The very first auction of Treasury Inflation-Protected Securities (TIPS) occurred in 1997. That was at a point where the Asian financial crisis and just before Lon-Term Capital Management went down. The Federal Reserve was about to ramp up its monetary printing, called the âFed Put.â One way to trade TIPS is through the iShares Barclays TIPS Bond ETF (NYSEARCA: TIP) and option traders have been making significant bullish bets the past two days.
» [FULL STORY](
[Insiders Signaling a Potential Trend Reversal: Switch Inc Stock (NYSE: SWCH)](
Switch Inc Stock (NYSE: SWCH) is an information technology services company to technology and digital media companies. The stock price had been rising quickly off its March low as it rallied from around $10.50 to over $19. However, since late April the company has been struggling to advance. The resulting range that has been forming has seen the price fluctuate between $17 to $19 may be indicating a reversal. As the price nears resistance, insiders have been selling shares over the past couple months.
» [FULL STORY](
IN OTHER NEWS
â¢
[Wells Fargo names new head of mortgage](
â¢
[Stock market news live updates: Stocks mostly lower after Nasdaq sets record high](
â¢
[Oil futures retreat from a 4-month high, pulling U.S. prices back below $40 a barrel](
â¢
[U.S. Supreme Court to weigh shareholder suit over Fannie Mae, Freddie Mac](
â¢
[PRECIOUS-Gold's rally loses steam as investors drift towards dollar](
⢠[TREASURIES-Yields fall as 30-year bond auction shows strong demand](
â¢
[Gold futures ease back from a 9-year high, but hold above $1,800 an ounce](
â¢
[New York Zoos and Aquarium Plan to Open this Month](
⢠[Hereâs what happened to the stock market on Thursday](
â¢
[U.S. recovery in limbo as retail traffic falls in virus hot spots](
S&P 500 MOVERS
TOP
FFIV 7.938%
AMD 7.159%
NTES 6.314%
PNR 4.588%
MXIM 3.85%
BOTTOM
MHK 19.991%
HES 9.408%
FTI 8.345%
PSX 7.815%
WBA 7.756%
Quote of the Day
A mismanaged health crisis across many states means short-term gains will transform into medium-term sluggishness as social distancing relaxation is reversed and virus fear lingersâ¦Itâs now evident that the economy is entering Q3 (third quarter) with much less momentum than previously anticipated.
- Gregory Daco, chief U.S. economist at Oxford Economics, quoted by Reuters
Sponsored Content
[Trading Secret Revealed.. 346%... 486%... And Even 606% Gainsâ¦](
Want to learn how you could bank predictable paydays? And do it every year â like clockwork?
Then you have to act [FAST!](
Tom Busby and Roger Scott have discovered a trading secret that could be worth over $7 million!
This weird market anomaly has consistently paid out [346%... 486%... And even 606% on the exact same date each yearâ¦](
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