🐂 Bears run free as the bulls run for cover

Good Morning. The market may have finally succumbed to the news and we saw the bears really take..
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Good morning. The market may have finally succumbed to the news and we saw the bears really take control for the first time in a couple months. The size of the move and the failure to stage a late rally places market participants in a difficult position. Frequently, you 'll see the market find support in the coming days off of extreme moves like this, but this is really uncharted territory. At this point the bulls may not have the resilience or resources to hold on.

Now here's the rest of the news:
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MARKETS
DOW 25,128.17 -6.90%
S&P 3,004.44 -5.82%
NASDAQ 9,492.73 -5.27%
*As of market close
• Stocks fell big yesterday, as overbought conditions and weak data converge.
• Oil fell 8.1%, as a stronger dollar and increase in inventories push prices lower.
• Gold fell 0.72%, as the metal outperformed but fell on dollar strength.
• Cryptocurrencies traded lower, with Bitcoin finishing 6.8% lower closing at $9260.

Today's TOP TIPS
4 Next Gen Car Companies to Own
The term next-gen or next-generation is a term that describes an upgrade from the current technology. When you think about cars, what would be considered next gen? There could be a lot of different ways to define this but the most differentiating technology in a vehicle is the power source. Therefore, the focus of this post is on electric and hydrogen fuel cell car companies.

» FULL STORY

Oil Company Sees a Bearish Option Resurgence
The tide began to turn earlier in the week for energy companies as the overbought conditions and the increase in oil inventory began to take center stage. On Thursday, oil prices began to succumb to the realities and oil companies continued the selling. This is an interesting point in that many are wondering if the market will come back to difficult realities our economy is facing. One energy company that has back in the crosshairs of option bears on Thursday is Occidental Petroleum Corporation (NYSE: OXY).

» FULL STORY

Insiders Selling this COVID-19 Recipient Following Earnings Report
There were companies that were largely considered winners following the COVID-19 closures. Many of these companies had to do with working from home, online shopping and select parts of the healthcare space. One of the companies that was a recipient of increased adoption and investor interest was Slack Technologies Inc (NYSE: WORK). Following drop in price following their earnings report, the selling by insiders has increased.

» FULL STORY

IN OTHER NEWS
•

Only One Stock in the S&P 500 Finished Higher as Index Plunged

•

Fed balance sheet essentially steady at just under $7.2 trillion

•

Wall Street plunges to close with biggest one-day loss since March 16

•

World Health Organization recants claim that asymptomatic coronavirus transmission 'very rare'

•

Twitter deletes over 170,000 accounts, some of which tried to spin Covid-19 in China's favor

• Adobe Rises on Better-Than-Expected Profit, Even as Demand Wanes
•

Elon Musk perplexed over Tesla's sky-high stock

•

Lululemon stock falls 5% after company's quarterly sales miss

• Here's what happened to the stock market on Thursday
•

The Nasdaq is exhibiting signs of panic-like buying--not selling--as NYSE-listed stocks are showing panic selling


S&P 500 MOVERS
TOP
KR 0.399%
COG 0.494%
WNT 0.883%
DG 0.973%
KMB 1.112%
BOTTOM
NCLH 16.465%
BA 16.425%
OXY 16.137%
UAL 16.113%
ADS 15.88%

Quote of the Day
The Fed keeping rates steady through 2022 could give investors the impression that the Fed may be more concerned about the pace of economic recovery than originally anticipated.
- Joseph Sroka, chief investment officer at NovaPoint, quoted by Reuters

Sponsored Content
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There's an all-new way to trade - before the bell rings on Wall Street - allowing traders to achieve up to 1,139% return.

"Since I've started, I'm already up $46,5000" - A first user

Two hedge fund managers teamed up for an all-new strategy allowing YOU to trade outside of the competition.

If you know only two key numbers before the open then you could achieve up to 93.2% accuracy.

With average investors panic selling, it makes it even EASIER to spot.

These trade secrets can no longer be hoarded.

This is your chance at a breakthrough trading strategy.

Click HERE to for the #1 Pre-Market strategy now.



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