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Market Update: Almost at the Hurdle, Sell or Hold Citi?
SmallCap Network /

Jul 9, 2020

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01:13 PM PST

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I really hope you took action on our Citigroup (C) recommendation from last Tuesday. At the time, shares were priced at $2.88. Now they're trading at $3.70....translating into a 28% gain. That's not bad for a week and a half's worth of work. On the flip s

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Market Update: Exhausted
SmallCap Network /

Jul 9, 2020

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01:13 PM PST

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How 'bout them bulls, huh? Over the last week and a half, the S&P 500 has rallied - to my surprise - a hefty 8.6%, not to mention that it toyed with new multi-month highs for a while today. And, therein lies my concern. As we've approached current levels,

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Market Update: Saying One Thing, Doing Another
SmallCap Network /

Jul 9, 2020

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01:13 PM PST

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Well, so much for the slightly-bearish theory. The S&P 500 has gained about 6.1% over the last three days after being in dire straits for the prior four weeks. Wow. Of course, the question (as always) is what's next? My answer ...I suspect the market's go

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Market Update: Approaching a Bottom Level
SmallCap Network /

Jul 9, 2020

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01:13 PM PST

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I'll say this much for the bulls.... they're working hard to hold the line at May's lows. For the S&P 500, that's around 880. The all-important 200 day moving average line is lending a hand in the effort too; the SPX has held tightly to it since Tuesday.

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Market Update: The Bulls' Temporary Reprieve
SmallCap Network /

Jul 9, 2020

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01:13 PM PST

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After Thursday's pre-holiday decimation I wasn't surprised to see spooked investors still heading for the door on Monday morning. Simultaneously, I wasn't surprised to see a bit of a bullish pushback later in the afternoon. Bigger picture, I'm not surpris

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