MT Market Model (23 June’20)

Stocks rose Tuesday as improving economic signals in the U.S. and overseas added to optimism for recovery from the coronavirus-induced slowdown. Big technology stocks led the way as they have for much of the rally since late March. The tech-heavy Nasdaq Composite set its 21st record close of the year and has risen for 16 of the past 18 trading days, its best such winning streak since 1999.

MT Market Model (20 June’20)

Markets abruptly turned lower Friday after Apple said it was closing some stores due to a rise in coronavirus cases, stoking fears of another lockdown. Despite Friday’s weak close, all three indexes posted weekly gains of at least 1%, reversing a sharp drop last week. The increases were fueled by central-bank stimulus efforts and cautious optimism that the economy is recovering from the worst fallout of the pandemic.

Q1 2020 Top PEAD Winners

One of the best swing strategies on Wall Street is to buy stocks that gap up on earnings announcements. Why? Because stocks that gap up on strong earning reports tend to produce unusual returns due to a phenomenon known as the Post Earnings Announcement Drift (PEAD). The following list of stocks gapped up on strong Q1 2020 earning reports and produced substantial post-earning announcement drifts.

MT Market Model (17 June’20)

U.S. stocks wavered Wednesday as investors continued to weigh a rise in coronavirus infections against signs that the economy is recovering. The Dow Jones Industrial Average and the S&P 500 have swung between gains and losses for most of the day, as investors have struggled to find a catalyst to extend a three-day winning streak.