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 HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP IN THIS EPISODE MARK, THE ROCK LOBSTER, AND UNCLE MIKE BREAK DOWN:
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 The stock market showed continued weakness on Wednesday with the majority of the major indexes falling for the third-straight session. The Fed’s Beige Book helped fuel bearish sentiment following comments that the U.S. economy slowed in August as concerns grew over how the renewed surge of coronavirus cases would affect the economic recovery. The Russell 2000 settled at 2,249 (-1.1%) with the morning low reaching 2,241. Fresh and upper support at 2,250-2,225 was breached and failed to hold. A drop below the latter and the 50-day moving average would suggest ongoing weakness towards 2,200-2,175. The Nasdaq tumbled to an intraday low of 15,206 before closing at 15,286 (-0.6%). Prior and upper support at 15,250-15,100 was breached but held. A move below the latter would signal additional risk towards 15,000-14,850. The Dow ended at 35,031 (-0.2%) with the low kissing 34,925. Key support at 35,000 and the 50-day moving average were breached but levels that held. A close below the former will likely lead to a retest towards 34,750-34,500. The S&P 500 tested a low of 4,493 before finishing at 4,514 (-0.1%). Crucial support at 4,500 was tripped but held. A close below this level would signal additional weakness towards 4,475-4,450. Exploit a Step-by-Step BLUEPRINT in 1 Hour or LESS a Day & EARN Consistent Daily Income from the Most Predictable & Profitable Market on the Planet.
GOAL: $250 to $500 + Every SingleDay the Market is Open…Like Clockwork! Discover this Simple, 4-Step Process, Fully Disclosed BLUEPRINT for yourself.
 ANALYST UPGRADES/DOWNGRADESAlbemarle (ALB) double upgraded to Buy from Sell at Berenberg   THURSDAY'S EARNINGS ANNOUNCEMENTS THURSDAY'S ECONOMIC NEWS   METALS/ OIL   Not sure the best way to get started?Step #1: Get These FREE Reports & Videos |
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While MRNA is above $400, it still offers a good deal of opportunity, as the pandemic gets worse. At the moment, about 160,000 Americans are testing positive for CV-19 every day. Worse, according to former US FDA Chief Scott Gottlieb, the Northeast could experience another jump in cases tied to the delta variant. “I think our true delta wave is going to start to build after Labor Day here in the Northeast and the northern part of the country,” added Gottlieb, as quoted by CNBC.
If that’s the case, vaccine stocks, like Moderna could ramp even higher. Also, in late August, the company initiated its submission process for US FDA approval of its CV-19 booster shot. This is just one of the opportunities we find quite often inside Extreme Option Profits.
 The post Extreme Option Profits Chart of Day…Moderna (MRNA) appeared first on Trading Concepts, Inc.. |
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The stock market was mostly lower to start the shortened week as Wall Street monitors the end of pandemic-era jobless benefits and its impact on the labor market. Tech outperformed but was choppy throughout the session after trading on both sides of the ledger. Industrials and Utilities were the weakest sectors after falling 1.7% and 1.3%, respectively. Meanwhile, volatility picked up after trading to a fresh monthly high while closing back above a key level of resistance. The Nasdaq closed at 15,374 (+0.1%) after tapping an all-time high of 15,403. Key resistance at 15,400 was cleared for the first time but held. Continued closes above this level would signal ongoing strength towards 15,500-15,650. The Dow tested an intraday low of 35,060 before ending at 35,100 (-0.8%). Upper support at 35,250-35,000 was breached and failed to hold. A drop below the latter below and the 50-day moving average would be a bearish development with weakness towards 34,750-34,500. The Russell 2000 settled at 2,275 (-0.7%) and the session low. Prior and upper support at 2,275-2,250 was kissed but held. A move below the latter would suggest additional towards 2,225-2,200 and the 50-day moving average. The S&P 500 finished at 4,520 (-0.3%) after tagging a morning low of 4,513. Current and upper support at 4,525-4,500 failed to hold. A close below the latter would indicate a further fade towards 4,475-4,450. Exploit a Step-by-Step BLUEPRINT in 1 Hour or LESS a Day & EARN Consistent Daily Income from the Most Predictable & Profitable Market on the Planet.
GOAL: $250 to $500 + Every SingleDay the Market is Open…Like Clockwork! Discover this Simple, 4-Step Process, Fully Disclosed BLUEPRINT for yourself.
ANALYST UPGRADES/DOWNGRADESCirrus Logic (CRUS) upgraded to Overweight from Equal Weight at Barclays WEDNESDAY'S EARNINGS ANNOUNCEMENTS WEDNESDAY'S ECONOMIC NEWS METALS/ OIL Not sure the best way to get started?Step #1: Get These FREE Reports & Videos |
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The stock market set another round of record highs on Thursday following better-than-expected jobs data and a boost in energy stocks. Specifically, initial claims for state unemployment benefits dropped 14,000 to 340,000, the lowest level since mid-March 2020. Meanwhile, the energy sector jumped over 2% while reversing most of the losses suffered during the previous three sessions as a sharp decline in U.S. inventories and a weaker dollar fueled sentiment. Oil is back above the $70 level with forecasts for an upcoming push towards $80 a barrel. The Russell 2000 extended its winning streak to three-straight sessions after testing a high of 2,309 while ending at 2,304 (+0.7%). Key resistance at 2,300 was cleared and held. Continued closes above this level would be a bullish development for a run towards 2,325-2,350. The Dow tapped an intraday high of 35,475 while settling at 35,443 (+0.4%). Key resistance at 35,500 was challenged but held for the third-straight session. A close above this level and the recent all-time peak at 35,631 would suggest further strength towards 35,750-36,000. The S&P 500 closed at 4,536 (+0.3%) with the fresh record peak kissing 4,545. Key resistance at 4,550 was approached but held. A move above this level would signal ongoing momentum towards 4,575-4,600. The Nasdaq tagged a lifetime high of 15,380 before ending at 15,331 (+0.1%). Fresh resistance at 15,400 was challenged but held. A close above this level keeps upside towards 15,500-15,650 in focus. Exploit a Step-by-Step BLUEPRINT in 1 Hour or LESS a Day & EARN Consistent Daily Income from the Most Predictable & Profitable Market on the Planet.
GOAL: $250 to $500 + Every SingleDay the Market is Open…Like Clockwork! Discover this Simple, 4-Step Process, Fully Disclosed BLUEPRINT for yourself.
ANALYST UPGRADES/DOWNGRADESFederal Signal (FSS) upgraded to Buy from Neutral at Sidoti FRIDAY'S EARNINGS ANNOUNCEMENTS FRIDAY'S ECONOMIC NEWS METALS/ OIL Not sure the best way to get started?Step #1: Get These FREE Reports & Videos |
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HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP IN THIS EPISODE MARK, THE ROCK LOBSTER, AND UNCLE MIKE BREAK DOWN:
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Take a look at Li Auto (LI). After bouncing from double bottom support, the stock is beginning to break higher, and could retest prior resistance around $35 a share. If it can break above that point, the stock could potentially rally to $37.50. Helping, Bank of America analyst Ming Hsun Lee just raised the firm’s target price on LI to $42 from $38 with a buy rating.
Better, the company just announced it delivered 9,433 Li ONEs in August 2021 – an increase of 248% year over year, and 9.8% month over month. Total deliveries for the first eight months of the year is now up to 48,176. This is just one of the opportunities we find quite often inside Extreme Option Profits.
The post Extreme Option Profits Chart of Day…Li Auto (LI) appeared first on Trading Concepts, Inc.. |
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The stock market showed continued strength on Wednesday as better-than-expected economic news once again fueled momentum. ISM manufacturing gauge edged up 0.4 ticks to 59.9 in August while construction spending rose 0.3% in July. The small-caps led the way higher followed by Tech with both rising for the third time over the past four sessions. Volatility edged lower as it continues to work its way towards key support levels. The Russell 2000 closed at 2,287 (+0.6%) following the afternoon run to 2,293. Lower resistance at 2,275-2,300 was recovered. A pop above the latter would suggest additional strength towards 2,325-2,350. The Nasdaq finished at 15,309 (+0.3%) with the intraday all-time high hitting 15,379. Unchartered territory and key resistance at 15,350 was cleared but held. Continued closes above this level would signal ongoing momentum towards 15,500-15,650. The S&P 500 settled at 4,537 (+0.03%) after matching its record high of 4,537. Lower resistance at 4,525-4,550 was cleared but held. A move above the latter would indicate strength towards 4,575-4,600. The Dow ended slightly lower at 35,312 (-0.1%) after making a run to 35,407. Key resistance at 35,500 was challenged but easily held. A close above this level and the recent all-time peak at 35,631 would signal a breakout towards 35,750-36,000. Exploit a Step-by-Step BLUEPRINT in 1 Hour or LESS a Day & EARN Consistent Daily Income from the Most Predictable & Profitable Market on the Planet.
GOAL: $250 to $500 + Every SingleDay the Market is Open…Like Clockwork! Discover this Simple, 4-Step Process, Fully Disclosed BLUEPRINT for yourself.
ANALYST UPGRADES/DOWNGRADESApple (AAPL) upgraded to Peer Perform from Underperform at Wolfe Research THURSDAY'S EARNINGS ANNOUNCEMENTS After the close: Broadcom (AVGO), Cantaloupe (CTLP), DocuSign (DOCU), Guidewire Software (GWRE), Hewlett Packard Enterprise (HPE), Medallia (MDLA), Ooma (OOMA), PagerDuty (PD), Quanex Building Products (NX), Science Applications (SAIC), Tilly's (TLYS), Yext (YEXT) THURSDAY'S ECONOMIC NEWS  METALS/ OIL Not sure the best way to get started?Step #1: Get These FREE Reports & Videos |
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Walmart said Wednesday it plans to hire 20,000 employees to help keep merchandise moving ahead of the anticipated holiday shopping rush. The big-box retailer, which is already the nation’s largest employer, said the roles will be in supply chain. The jobs will be a mix of full-time and part-time, but will be permanent positions. They will range from order fillers to freight handlers at the company’s more than 250 distribution centers, fulfillment centers and transportation offices. The average wage for a supply chain associate is $20.37 per hour, Walmart said in the corporate blog post. The company said it will hold special hiring events Sept. 8 and 9. Walmart is staffing up as companies cope with fierce competition for workers and Covid-19 outbreaks that have halted manufacturing, slowed shipping and led to congested ports across the globe. These challenges have translated into delays, out-of-stock items and higher prices across the industry. They have also raised questions about whether retailers will be prepared for the peak season of gift-giving — particularly as more of that shopping takes place online. Walmart has not yet announced plans for holiday hiring. Last year, the retailer said it would hire 20,000 seasonal associates, the first time in five years it had announced significant holiday hiring. Exploit a Step-by-Step BLUEPRINT in 1 Hour or LESS a Day & EARN Consistent Daily Income from the Most Predictable & Profitable Market on the Planet.
GOAL: $250 to $500 + Every SingleDay the Market is Open…Like Clockwork! Discover this Simple, 4-Step Process, Fully Disclosed BLUEPRINT for yourself.
Walmart said in August it was seeing strong demand for back-to-school supplies, luggage, apparel and more, as consumers flocked back to stores. Chief financial officer Brett Biggs said on a second-quarter earnings call that the company has increased lead times for orders and chartered its own dedicated vessels to speed up imports. Even so, he said, “out-of-stocks in certain general merchandise categories are running above normal, given strong sales and supply constraints.” As Walmart competes with other employers for hourly workers, it has sought to sweeten the deal. It recently began paying special bonuses to warehouse workers and covering 100% of college tuition and textbook costs for employees. Other retailers have announced similar perks and policy changes. Among them, Target rolled out its own debt-free college program. CVS Health and Walgreens Boots Alliance said they would boost their starting wages to $15 an hour, and CVS said it would drop education requirements for entry-level jobs. Source: https://www.cnbc.com/2021/09/01/holiday-2021-walmart-to-hire-20000-workers-to-aid-supply-chain.html Have a great day and hope this helps.  The post Walmart aims to hire 20,000 supply chain employees as it ramps up for the holiday season appeared first on Trading Concepts, Inc.. |
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The stock market was mostly lower on Tuesday following disappointing economic news, but still posted nice gains for August. Specifically, consumer confidence sank -11.3 points to 113.8 in August, another big miss, following the -3.8 point drop to 125.1 in July. The small-caps showed strength despite the overall pullback with volatility edging slightly higher after trading in a tight range. The throwaway session still favors the bulls as the bears did little damage to slow down the current momentum. The S&P 500 tested a low of 4,515 before settling at 4,522 (-0.1%). Near-term and upper support at 4,525-4,500 failed to hold. A drop below the latter would suggest weakness towards 4,475-4,450. The Dow closed 35,360 (-0.1%) with the morning low hitting 35,289. Upper support at 35,250-35,000 was challenged but held for the second-straight session. A move below the latter and the 50-day moving average would be a bearish development with weakness towards 34,750-34,500. The Nasdaq ended at 15,259 (-0.04%) after trading down to 15,202. Fresh and upper support at 15,250-15,100 was breached but held. A close below the latter would indicate a retest towards 15,000-14,850. The Russell 2000 finished at 2,273 (+0.3%) following the afternoon run to 2,277. Lower resistance at 2,275-2,300 was tripped but held. A pop above the latter would suggest additional strength towards 2,325-2,350. Exploit a Step-by-Step BLUEPRINT in 1 Hour or LESS a Day & EARN Consistent Daily Income from the Most Predictable & Profitable Market on the Planet.
GOAL: $250 to $500 + Every SingleDay the Market is Open…Like Clockwork! Discover this Simple, 4-Step Process, Fully Disclosed BLUEPRINT for yourself.
ANALYST UPGRADES/DOWNGRADESDigital Turbine (APPS) upgraded to Buy from Hold at Canaccord WEDNESDAY'S EARNINGS ANNOUNCEMENTS After the close: Asana (ASAN), ChargePoint Holdings (CHPT), Chewy (CHWY), eGain (EGAN), Five Below (FIVE), Greif (GEF), Nutanix (NTNX), Okta (OKTA), Phreesia (PHR), Ryan Specialty Group (RYAN), Semtech (SMTC), Smith & Wesson Brands (SWBI), Veeva Systems (VEEV) WEDNESDAY'S ECONOMIC NEWS METALS/ OIL Not sure the best way to get started?Step #1: Get These FREE Reports & Videos |
