Both AAL and DAL are tremendously oversoldAirline and travel stocks have taken the brunt of the recent broad market sell-off, as COVID-19 cases rise and more people opt to stay home. With the White House set to meet with airline executive officials on Wednesday, stocks Delta Air Lines, Inc (NYSE:DAL) and American Airlines Group Inc (NASDAQ:AAL) are in focus today. Below we'll break down why opt...Read More
The blue-chip index is in recovery mode this afternoonThe Dow Jones Industrial Average's (DJI) continues to recover from last week's catastrophic selloff, up over 700 points at its intraday peak. The blue-chip index brushed off disappointing data from the ISM manufacturing index, which showed a slowdown due to coronavirus headwinds last month. Meanwhile, Wall Street is eyeing impressive resilience...Read More
Stifel upgraded WDC to "buy" from "hold" Computer hardware manufacturer Western Digital Corp (NASDAQ:WDC) is staging a bounce off last Friday's two-month lows following a beaming bull note from Stifel. The analyst lifted its rating on WDC to "buy" from "hold," and hiked its price target to $73 from $63. Stifel noted that WDC's coronavirus-induced plummet last week creates an attractive entry point...Read More
TWTR is up 14% year-to-dateShares of social media giant Twitter Inc (NYSE:TWTR) are up 7.23% this morning, last seen trading at $33.20 amid reports that CEO Jack Dorsey may be replaced in the near future. Specifically, Paul Singer, founder of Elliot Management and billionaire investor, is pushing for the CEO's removal in part because Dorsey's attention is currently split between running both Squ...Read More
Most analysts give Apple a positive outlookDespite the continuing uncertainty surrounding Wall Street lead by coronavirus concerns, Apple Inc. (NASDAQ:AAPL) is up 2.6% at $280.32 today. The broad market sell-off last week had AAPL shares down 12.7% last week, but the big tech company is coming out this week okay, largely due Oppenheimer upgrading the shares to "outperform." According to the analy...Read More
Now may be the time to sell short-term QQQ put options"After finding resistance at five times the 2009 low, a level I cautioned Twitter followers about on Jan. 24...In the three cases that the SPX doubled, tripled and quadrupled its 2009 low, the SPX's 36-month moving average, which equates to a three-year moving average, eventually acted as support on pullbacks and long-term consolidations. When...Read More
Stocks saw an extremely volatile overnight session, however Dow Jones Industrial Average (DJI) futures are floating just below breakeven this morning ,amid news that coronavirus outbreak has made its way to the U.S., with cases rising sharply over the weekend. This follows an extremely volatile overnight session in which the blue chip index lost over 1,000 points. Meanwhile, Wall Street is looking...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended Feb-28, 2020$BTG $KOR.TO $EDV.TO $GCM.TO $MAG $SKE.V $AUY B2Gold: The company finished 2019 very strong and had a record 2019. Production for the full year totaled 980k oz. Au. In 2020, production is forecast at 1m-1.055m oz. Q4 2019 all-in sustaining costs (AISC) came in at $882/oz. and cash flow from operations totaled...Read More
Gary SavageIf you are going to trade precious metals then you MUST accept that you are fighting a battle with the bullion banks and the rules and the law simply do not apply to them. First big warning sign, miners were being suppressed. Why? The bullion banks were heavily short gold that they can't keep adding more shorts. The gold cartel therefore began shorting gold stocks and silver..http://b...Read More
Clive MaundThis article was conceived as a "souvenir article" to assist those of you who did the trade - and I know from feedback that a significant number of you did - in gloating at its glorious success - but here's the thing, working on it turned up some valuable insights that we can turn to our advantage in the immediate future. You will soon see what I mean.As Friday wore on I became more a...Read More
David HaggithIt just can't get bad enough, and I can 't write fast enough. The headlines at the end of the week are now stunning, so I'm going to share several of them along with some quotations from the bawling and dying market bulls. In just one week, this has become the fastest stock market plunge since the Great Depression! So, if you have a bull you love, save his bullish butt by nailing...Read More
Greg Weldon: Could Get Worse for Markets But It's a Gold/Silver Buying OpportunityWelcome to this week's Market Wrap Podcast, I'm Mike Gleason.Coming up Greg Weldon of Weldon Financial joins me for another tremendous interview where he breaks down the market fallout still ahead of us as a result of the coronavirus, why gold and silver won't be immune to the selloff that will continue to take pla...Read More
Y2K ReduxSupply Chains UnlinkedFed FutilitySome Silver LiningsHow to Find the Opportunity I See EverywhereFor the last 3+ years, I have maintained it would take an "exogenous" event to send the United States into recession. Historically suboptimal growth? Sure, but sub-3% growth isn't a recession.The coronavirus obviously qualifies as an exogenous event. But that doesn't mean a textbook two-quar...Read More
"I think in a short period of time, you are going to see swings of $200 to $300 per ounce in gold and $5 to $10 per ounce swings in silver. From the standpoint of so much paper being sold compared to real physical metal, there is going to be a cash call. This will expose the fact that there are 300 or 400 paper ounces for every one real ounce that exists."Bill Holter is currently a writer for Mile...Read More
To Watch Update #35, CLICK HEREHere on leap day 2020 (February 29th) the US records its first coronavirus death on the continent, a 50+ year-old man in Washington State. Cases continue to grow exponentially in South Korea and Italy. Meanwhile, most hospital systems in western countries are woefully unequipped for any large influx of serious respiratory patients. After dragging its feet for seeming...Read More
This is "Don't Test, Don't Tell" and it is the single most incompetent, corrupt public health policy of my lifetime.Continue...Read More
Democratic Socialist Bernie Sanders experienced a brain malfunction on Saturday when he accidentally boarded the wrong private jet, according to TMZ.Continue...Read More
This article goes through the sequence of events likely to destroy value in US financial assets and the dollar as well. And what goes for the US goes for all other fiat-currencies and their financial markets.Continue...Read More
Michael Oliver has gone back and studied the US markets going back into the early 1900's and based off of that he is expecting a "nuclear event" in the markets. Continue...Read More
"The United States commits to facilitate discussions between Afghanistan and Pakistan to work out arrangements to ensure neither country's security is threatened by actions from the territory of the other side."Continue...Read More