S&P Avoids Correction Territory S&P Avoids Correction Territory The stock market showed weakness for the fifth-straight week while cracking another round of key support levels. Higher oil prices were the culprit following incidents in the Strait of Hormuz as Brent oil jumped above triple-digits while West Texas closed just below the $100 level. It […]
Category Archives: Hot Stocks
Market Correcting as Bears Stay Aggressive The first correction waves of the year were hit on Friday as fresh 2026 lows and clear downtrend channels have been emerging for a few weeks. The recent price action is mirroring last year’s time frame and something we started warning about since last November. However, it remains to […]
The bears pushed another fresh round of 2026 lows on Friday for the blue-chips and the S&P, while the Nasdaq and the small-caps stayed slightly above their Monday lows. Key support levels from November are in focus with the major indexes remaining in their downtrend channels off of the January and February all-time highs. […]
BioCryst Pharmaceuticals (BCRX, $8.49, down $0.26) Shares have been in an eight-session trading range following better-than-expected earnings. Closes above resistance at $8.75-$9 should get double-digits in play. Support is at $8.25-$8 and the 50-day moving average. These calls expire on June 18th, 2026 (98 days). An analyst upgrade this week was the result […]
Bears Takeover 2026 Wall Street was lower for the week as the bears took control of the market for 2026. The Russell was hit the hardest but is still up for the year by 2% and remain a slight silver lining. However, that will likely change as the small-caps could be in the red […]
Small-Caps Hold 50-Day MA The stock market was lower for the week as the market survived another bear strike on Friday with key support levels holding. The Dow and the S&P 500, however, fall back below their 50-day moving averages with the Russell 2000 holding this level into the weekend. The Nasdaq fell […]