Day: December 2, 2018

S&P 500 futures chart

Overnight Futures Up HUGE

12/2/2018

Overnight futures are up huge! Yahoo! Dow +1.94%, S&P500 +1.81%, Nasdaq +2.3%, SmallCaps +1.63%, WOW! Russia and Saudi Arabia agree to oil supply cut and will announce on December 6, 2018 at OPEC meeting, oil futures up +6% on the news. Gap up open likely tomorrow. GO BULLS!! S&P 500 Overnight Futures Nasdaq Overnight Futures

MGNX stock chart

Biotech Stocks To Watch Next Week: $GBT, $MGNX

12/2/2018

With the big ASH meeting ongoing, we have more biotech stocks to watch for big news in the week ahead. I’m feeling better about risk-on biotech stocks with the Federal Reserve suggesting that it’s prepared to slow down rate hikes as we are just below the neutral policy rate and the U.S. and China has […]

NXPI Fixed Frequency Single-Coil Transmitter

QUALCOMM and NXP Semiconductors Buyout Back In Play

12/2/2018

The White House said that Dictator Xi would reconsider approving a possible $44 billion deal for Qualcomm Inc. to purchase NXP Semiconductors NV if it’s brought to him again. QCOM Stock Chart QCOM stock looks like a sweet setup as it starts to round back up on the chart. I like the clearly defined stop-loss […]

US and China currencies

China Trade War Halt On 90 Day Ceasefire Watch Overnight Futures

12/2/2018

The U.S. and China have agreed to a 90-day ceasefire in the ongoing trade war between the two countries! Hooray! Let’s see how overnight futures start trading tonight and if a risk-on trade kicks in on the Russell 2000. The 90-day truce from the trade war between the world’s two largest economies gives China time […]

Biotech Stock Immune Design Could Soar Next Week

12/2/2018

Biotech stock Immune Design (IMDZ) just released the big news we have been waiting for over this weekend’s news cycle. Immune Design just announced long-term follow up results from a randomized Phase 2 clinical trial of 10 ug intratumoral G100, a TLR4 agonist, with or without pembrolizumab, in follicular lymphoma patients. In the 26 na├»ve […]

Chart of UNG

Avoid Natural Gas Stocks As Seasonality Peaks

12/2/2018

Natural gas stocks have peaked this seasonal cycle and are on the way down. Shale drilling has made the U.S. one of the world’s lowest-cost sources of natural gas on the planet. Companies are investing billions to exploit gas as either an exportable product or even as a feedstock for manufacturing but that doesn’t mean […]