//
you're reading...
D&D Note

D&D Note (5.14.2020) ~ Stocks Rally Back And Maintain Bullish Trading Range ~ #StockMarket #Rally

wall-street-bull-sculpture small

D&D Note (5.14.2020) ~ Stocks Rally Back And Maintain Bullish Trading Range ~

Markets fall on the open and drift below the technical level of 2792 down to 2766 but then rallied back to the green into the close.

Mega Cap Tech was mostly flat on the day but rallied modestly in the last hour. The Financial sector did rally strong throughout the day and was the leading sector in trading today. The Consumer Staples sector was the only one to finish in the red.

Options volatility is pointing to a summer swoon with traders having extreme uncertainty over the next three months.

DOW up 1.62%

S&P 500 up 1.15% (2,852.50)

NASDAQ up 0.91%

VIX down -7.77% to 32.54

Oil up 9.53% to $27.70 a barrel.

OpenTable says that one-quarter of restaurants won’t reopen and will instead go out of business.

Apple acquires NextVR to gain virtual-reality content. NextVR has contracts with NBA and Fox Sports.

TSM is to announce an advanced chip plant in Arizona with US government assistance. The company is said to announce as early as Friday and the factory could be making chips by the end of 2023.

 

~ Dave James / Principal Trader and Market Strategist

About ddinvestments

Trading Partner for D&D Investments

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: