Citron Favorite Flashing Intriguing Signal

Schaeffer's Market Recap

Oil edged higher, despite a trimmed demand forecast from OPEC

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Market Recap
 
 

8/16/2019

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Dow Closes Out Wild Week On Positive Note

By Patrick Martin

Share On

The Dow closed the book on a roller-coaster week with an emphatic 306-point gain. Rallying bond yields and cooling trade tensions with China fueled the blue-chip index's fourth triple-digit move of the week. The S&P 500 and Nasdaq both finished with strong gains today as well, thanks to resurgent bank and tech sectors, respectively. However, it wasn't enough to prevent all three benchmarks from logging their third straight weekly loss.

Continue reading for more on today's market, including:

  • The biotech stock that more than doubled today.
  • This Citron favorite just flashed a "buy" signal.
  • Plus, IQ calls pick up before earnings; a big day from Nvidia; and an industrial stock to avoid.
>> Continue reading...
LATEST HEADLINES

>> Biotech Stock Doubles; Plus, Dow Defies Downgrade
BofA-Merrill Lynch cut DOW to "underperform"
>> Recession Fears Spark Roller-Coaster Week on Wall Street
The stock market took a hit as a rare inverted yield curve spooked traders
>> Goldman Upgrade Draws Options Bulls to Kratos Defense Stock
Goldman Sachs upgraded KTOS to "buy" and hiked its price target to $26
>> IQIYI Calls Active Despite Analyst Warning Before Earnings
The "Chinese Netflix" is higher on stimulus hopes
>> Citron Favorite Flashes Buy Signal
A short squeeze could also power the shares higher
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