D&D Note (9.14.2020) ~ Tech Rebounds Lifting The Overall Markets Up On M&A Monday And The WHO Reports Record One-Day Spike In Global Covid-19 Cases ~ Tech lifts all boats today on a broad based rally with Apple and Nvidia the biggest contributors to the S&P 500. Over 90% of S&P 500 companies were higher … Continue reading
D&D Note (7.10.2020) ~ Golden Cross On S&P 500 Helps Amplify Investors Risk Tolerance ~ Yesterday the S&P 500 saw a Golden Cross technical chart formation which happens when the 50 day moving average crosses above the 200 day moving average. In the last 70 years this technical reading has signaled the end of Bear … Continue reading
D&D Note (4.29.2020) ~ Remdesivir Lifts Markets… Again ~ The market today trades on a glimmer of good hope. Case in point we have already seen a lift from the Gilead (GILD) drug Remdesivir before on positive news. Then fell due to negative news on the drug. Today we once again got a lift from … Continue reading
D&D Note (4.23.2020) ~ Gilead Deflates the Rally and 26 Million Jobless Claims ~ Markets opened with a rally then an accidental published news from the WHO on Gilead drug Remdesivir brought markets straight down. The news was the possible Covid-19 treatment did not improve patients’ condition. Gilead pushed back saying the study was terminated … Continue reading
D&D Note (4.17.2020) ~ Remdesivir & Reopening of Economy Propels Markets Higher ~ Immediately when the futures market opened last night markets jumped over 3% on the back of positive trials for Gilead drug Remdesivir and the Presidents “Governor first” reopening guidelines. Although today the President has already contradicted himself by telling three states facing … Continue reading
D&D Note (4.16.2020) ~ Wild Swings Intraday With Tech Leading ~ Markets whipsawed violently between gains and losses today with Tech being the standout gainers. The Nasdaq 100 has now erased all losses for 2020. Earnings last night from semiconductor manufacturer TSM helped propel the chip stocks and ultimately the overall tech sector. Trump outlined … Continue reading