🔥 Tech pops to new high while the S&P is mired down in a tight range

Good Morning. A trend is a process of advances and periods of consolidations. As the S&P 500..
Good morning. A trend is a process of advances and periods of consolidations. As the S&P 500 continues to trade in a tight range, it is a clear representation of the uncertainty over valuation and the future direction of the economy and inflation.



Now here's the rest of the news:
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MARKETS
DOW 26,156.10 +0.50%
S&P 3,131.29 +0.43%
NASDAQ 10,131.37 +0.74%
*As of market close
Stocks rose yesterday, as the Nasdaq hit another all-time high.
Oil fell 1.15%, as concerns over demand weigh on price.
Gold rose 1.12%, as the U.S. dollar weakened, and gold prices hit another high close.
Cryptocurrencies traded higher, with Bitcoin finishing 0.89% higher closing at $9650.

Today's TOP TIPS
5 Mid Cap Value Companies that Should be on Your Radar
Looking at the top major market indices you'll notice a distinct bias for large cap and mega cap companies as represented by the Dow, S&P 500 and the Nasdaq 100. The other major index that is discussed are small caps through the Russell 2000. Where is the love for the mid cap companies that has historically presented excellent opportunity for investors? The following list of five mid cap companies are trading at a 30% discount to its intrinsic value and have strong balance sheets.

» FULL STORY

The Apple Breakup that Everyone is Talking About has Option Bears Growling
Nobody likes to be dumped, but when the company being dumped has apologized previously for its mistakes, it makes it more reasonable. This is the case for the recent breakup of Apple Inc (NASDAQ: AAPL) using Intel Corporation (NASDAQ: INTC) processors. While the Intel's share price is still deliberating, the option market is starting to show more bearish expectations. On Tuesday, there was a large order filled in one print for the 16 OCT 20 $52 put

» FULL STORY

The List of Insiders Selling Stock in this Online Pet Retailer Gets Longer by the Day
Chewy Inc (NYSE: CHWY) is an online seller of branded and private-label pet food and grooming supplies. With many forced to work from home and shelter-in-place, many people began to turn to acquiring pets and needed a place online to buy supplies. On June 15, 2020 as the price was just falling back from its all-time high, the spigot of insider selling began to turn on. Since that time, there have been 15 different sell transactions totaling 975,519 shares and over $46.9 million in value.

» FULL STORY

IN OTHER NEWS

Wall Street ends higher on recovery hopes, Nasdaq hits another record

Next stimulus package will be jobs-focused: Mnuchin

U.S. Stocks Rise With Virus Spread Tempering Gains: Markets Wrap

Facebook, Citing Looting Concerns, Bans Historical Artifact Sales

Here's what happened to the stock market on Tuesday

Mnuchin says U.S.-China decoupling will occur if firms cannot compete fairly

GLOBAL MARKETS-Stocks rally on upbeat data, trade reassurances; dollar weakens

These Companies Gave Their C.E.O.s Millions, Just Before Bankruptcy

Cheese prices hit record in rare move

Netflix stock rises toward a record close, longest win streak in 2 1/2 years


S&P 500 MOVERS
TOP
MHK 12.644%
TRIP 10.616%
SYY 5.964%
DRI 5.606%
NCLH 5.5%
BOTTOM
AAL 6.166%
CBOE 4.288%
FTNT 4.06%
LHX 3.773%
WDC 3.547%

Quote of the Day
If we can compete with China on a fair and level playing field, it is a great opportunity for U.S. businesses and U.S. workers, as China has a large, growing middle class…But if we can't participate and compete on a fair basis, then you are going to see a de-coupling going forward.
- Steve Mnuchin, U.S Treasury Secretary, Quoted by Reuters.

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Two of the most revered traders in the markets left Wall Street scratching their heads after they discovered the all new way to trade outside the competition… before the markets open.

Could a strategy that hands you $1,483 on Microsoft without having to worry about what Microsoft does during the day really exist?

These two hedge fund managers have found a way to trade before the opening bell…

With 7AM Super Surges that are paving ways to next 261.42% gain…

Click HERE to see the newest 7AM Super Surge stock



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