V-Shape Recovery in Jeopardy The stock market posted its first back-to-back winning weeks for the year, surprisingly, as the bulls started to make a real attempt at a v-shape recovery. A hot CPI inflation report weighed on Friday’s session but Tech managed to hold court to extend its winning streak to 8-straight. The […]
Category Archives: Hot Stocks
Market Rebounds Off Fresh 2026 Lows The stock market rebounded off fresh 2026 lows to start last week with Monday’s action briefly pushing the S&P 500 into correction territory (down -10%). All of the major indexes held key support levels before Tuesday’s massive end of month and quarter rally that produced gains of 3%-4%. […]
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 […]
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 […]