😎 Nasdaq 100 close to posting 2020 gains. Is this the end of the bear? The next couple weeks may be a big tell.

Wow! Who would have thought the market would surge higher on disappointing earnings from J.P. Morgan (JPM) and Wells Fargo (WFC)?

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Good morning. Wow! Who would have thought the market would surge higher on disappointing earnings from J.P. Morgan (JPM) and Wells Fargo (WFC)? I could understand it more if they moved higher themselves, but they didn't. JPM was 2.74% lower on the session. With the lack of real participation by the banks in the policies being implemented by the Federal Government and the Federal Reserve, does this mean they are irrelevant and a kind of banking utility? Time will tell, but it was interesting to see what unfolded on Tuesday. Sponsored Content The One Chart Pattern You Need to Retire Rob Booker calls Markay Latimer the greatest stock picker he has ever met, and in this presentation, you'll learn why. She used one chart pattern to build her initial account from $2k to over $2M in just over two years! She calls it the "retirement pattern," and you'll see exactly why in this exclusive replay. Click HERE to Learn Everything MARKETS DOW 23,949.76 +2.39% S&P 2,846.06 +3.06% NASDAQ 8,515.74 +3.95% *As of market close • Stocks advanced 3.06%, despite poor performance by financials. • Oil prices fell 7.103%, as demand fears grow. • Gold prices fell 0.33%, as it reached an intra-day high of $1788 before falling back and closing at $1755. • Cryptocurrencies traded higher, with Bitcoin finishing 1.17% higher closing at $6890. Today's TOP TIPS Top 4 Technology Out Performers with Recent Pullbacks Showing Strength It can be hard when the market is as volatile as it is. Some companies are taking off and you're wondering whether you missed it. It's important to see some level of outperformance, but it's also important to see a potentially stable rally that's not going parabolic. Here's four tech companies that have a market cap of at least $1 billion, has outperformed the S&P 500 by at least 5% over the past month and has recently underperformed in the past week. » FULL STORY Option Traders Eyeing this Mega Cap Tech Company for a Big Bullish Move Microsoft Corp (MSFT) is a behemoth with a $1.26 trillion dollar market cap. When a stock like that can advance almost 5% in a day, it takes a massive amount of money to achieve that. On an average day, MSFT trades over $1 billion. On Tuesday, there was a significant amount of call buying at the $187.50 strike. Late in the trading session, over 9,000 contracts were traded against zero open interest. » FULL STORY Insiders of this Online Car Dealership Go from Selling to Buying Shares It's been a long time since you've been able to see insiders buy shares of Carvana Co (CVNA) instead of selling. In fact, the last buy transaction occurred on January 3, 2019. What you have seen is a significant number of share sales from a number of the members of management. There are certainly reasons to sell shares, but the fact the tide has now changed, and their buying is significant. » FULL STORY IN OTHER NEWS • New York City coronavirus death toll jumps as city includes probable deaths • P&G boosts dividend, says earnings to be released ahead of schedule • McDonald's and its U.S. franchisees at odds over financial relief as crisis weighed • Fed officials see risks in reopening economy too soon, but acknowledge need to move • API data reveal a weekly climb of over 13 million barrels in U.S. crude supplies, sources say • Online doctor visits have doubled in past month, Teledoc Health says, sending stock even higher • U.S. Treasury says major airlines agree in principle to payroll aid • Howard Marks Bemoans Fed Help for Junk Bonds, Leveraged Debt • Stocks gain on China trade data, easing pandemic worries • Big Banks, Readying for a Recession, Set Aside Billions S&P 500 MOVERS TOP RCL 13.395% CPRI 10.591% CCL 8.783% NCLH 8.715% COTY 8.636% BOTTOM DVN 6.179% CMA 5.766% RF 5.155% FANG 4.323% BA 4.297% Quote of the Day Is it an all-clear signal? (regarding Chinese Trade data) No, because I have difficulty in believing the market fully recovers until the timing of the economic recovery is visible, and we just don't know that timing. - Tim Ghriskey, chief investment strategist at Inverness Counsel, quoted by Reuters Sponsored Content Two Amazing Traders Discuss "Fix" For Current Markets Trading legend Rob Booker has found an up-and-coming trader who amazes him. In this exclusive presentation with Markay Latimer, they break down the current state of the markets, and Markay debuts the #1 chart pattern you need to escape the frustration of today's markets and start building your retirement. Click HERE to Catch the Limited Replay   Not sure the best way to get started? 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