The stock market’s uptrend seems to be hanging on by a thread, yet the Federal Reserve has made it clear that it will continue to pump liquidity into the banking system, states Joe Duarte of In the Money Options.
Investors should be concerned in this market but should not rule out more upside action in the not-too-distant future. That’s because despite the precarious nature of the moment the bulls continue to buy the dips at critical support levels, which means that the entire story for this market may not be completely written, states Joe Duarte.
Joe Duarte points out the latest Covid-related trade as a move away from public transportation due to Covid-19 is still considered valid.
Shares of used car sales giant CarMax (KMX) held up during the recent wave of selling, notes Joe Duarte, editor of In the Money Options — and a participant in The Interactive MoneyShow Virtual Expo on Sept. 15-16.
Stock correction is real, but upside reversal could follow, cautions Joe Duarte.
Joe Duarte provides a pair of contrarian stock picks.
Fed stimulus remains dominant factor for stocks, so stick with trend, writes Joe Duarte.
Housing and niche retail are sectors that can continue to outperform during the Coronavirus pandemic, notes Joe Duarte.
Equities are near their all-time highs but appears toppy and are at risk of a correction, cautions Joe Duarte.
Joe Duarte points out a potential breakout in Big Pharma giant Merck.
Joe Duarte highlight the breakout potential of a key Pharmaceutical ETF.
Joe Duarte sees weakness in stock indices due to overbought conditions, but due to the Fed’s ZIRP, any correction should be seen as a buying opportunity.
Joe Duarte highlights how Trimble Navigation exploited the Covid-19 altered market environment.
The Fed still has the market’s back, which means stocks can make all time highs, reports Joe Duarte.
Joe Duarte discusses the diverging fundamentals of two Healthcare stocks.
Joe Duarte breaks down the myths and opportunities in today’s Covid/Fed centric markets.
Joe Duarte shares the one stock in the semiconductor space like to outperform.
Joe Duarte explains how Fed interventions and market movement are trumping the influence of traditional economic indicators.
Joe Duarte is marching stocks with his markets, economy, life (MEL) analysis.