Category Archives: Hot Stocks

Checking in on Volatility

The S&P 500 Volatility Index ($VIX) fell for the 3rd-straight session despite trading to a high of 16.32 shortly after the open. Lower resistance at 16.50-17 was challenged but held. A close back above the 17.50 level would be a bearish development with risk towards 19.50-20. Upper support at 15.50-15 was recovered on the late […]

Market Update for 2/5

Bulls Extend Winning Streak to 3-Straight 5:00pm (EST) The market was higher for the 3rd-straight session on Wednesday as private sector employment soared with additional better-than-expected economic news keeping the bullish sentiment intact. The reported number of coronavirus cases of the deadly disease continues to rise in China but didn’t dampen enthusiasm as the outbreak […]

Virgin Galactic (SPCE) Calls Return 650%!

Virgin Galactic (SPCE, $17.21 down $1.91) SPCE April 15 calls (SPCE200417C00015000, $4.80, down $0.70) Entry Price: $0.50 (1/7/2019) Exit Target: $7.50 (closed half at $2.50 on 1/15/2020) Return: 650% Stop Target: $5 (Stop Limit) Action: The Stop Limit at $5 tripped on Friday’s continued weakness in the stock.

Sector Outlook: Industrials Select Sector Spider (XLI)

The Industrials Select Sector Spider (XLI) was higher for the first time in 3 sessions despite kissing an intraday low of $81.18. Current and upper support at $81-$80.50 was challenged but held. A close below the latter and the 50-day moving average would be an ongoing bearish development with additional risk towards $79.50-$79 and the […]