The Energy Stock For Options Bears

The markets hit new highs amid thin volume

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Market Recap
 
 

12/26/2019

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Santa Claus Rally Sends Stocks to New Highs

By Lillian Currens

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Stocks hit even more record highs during the post-Christmas session. The Nasdaq, in particular, surged above the 9,000 level for the first time ever, and clocked its 11th consecutive win. This marked its longest daily winning streak since 2009, with the tech-heavy index strengthened by a huge surge in Amazon (AMZN) shares, which rallied amid record-breaking holiday sales. Meanwhile, the S&P and Dow managed to notch fresh highs, too.

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

  • If history is any indicator, this tech stock could see big gains in early 2020. 
  • 3 reasons options bears should pay attention to OXY stock
  • Plus, ACN gets a bull note; TSLA grabs new highs; and SPPI stock slammed after study. 
>> Continue reading...
LATEST HEADLINES

>> American Airlines Stock Rally Could be Short-Lived
American Airlines stock has struggled to keep its head above water in 2019
>> The Energy Stock For Options Bears
OXY just ran into a historically bearish trendline at its 70-day moving average
>> Signal Says Seagate Technology Can Start Strong in 2020
The tech stock is ripe for a short squeeze, too
>> 2020 Brings Manufacturing Data, Auto Sales
The earnings slate is quiet heading into 2020
>> S&P and Nasdaq Climb to New Highs Again
Headlines about strong e-commerce sales are keeping bulls at the table
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