Market Update (27 October’20)

U.S. stocks wobbled Tuesday, attempting to stabilize after worries about the coronavirus pandemic sent markets tumbling to start the week. Rising Covid-19 infection levels around the world are compounding worries about the global economic outlook. The seven-day average of new cases in the U.S. reached a record Monday, while a number of countries in Europe, including Italy, Spain and Russia, tightened restrictions on activity to try to curb the spread of the virus.

Market Update (25 October’20)

The S&P 500 edged higher Friday, but finished the week with a decline, snapping a three-week winning streak. Money managers say stocks are likely to lack clear direction in the coming week as investors avoid placing big bets ahead of the Nov. 3 election. They are looking instead to a flurry of economic and corporate-earnings reports for a clearer picture of the economic outlook, as rising coronavirus cases threaten to slow the recovery.

Stocks Watch-List (24 October’20)

In order to build an effective watch-list, I collect a handful of leadership stocks in the hot sectors (e.g., software, semiconductors, solar, etc) as well as those that gap up on earnings (PEAD candidates). Stocks that I select for my watch-list should meet general technical criteria (e.g., minimum daily volume). My watch-list usually comprises ~100 names. I review each stock on a daily basis and set my ThinkorSwim alert notifications.

Market Update (19 October’20)

The Dow Jones Industrial Average fell more than 400 points Monday as investors’ hopes for a fresh stimulus package before the election dwindled. Investors have been closely monitoring the progress of talks between lawmakers and the White House over a stimulus deal. Further relief to households or businesses battered by the coronavirus pandemic could bolster an economic recovery as the effect of previous stimulus measures wears off.