The Dow Clears 20,000, and We Couldn't Care Less

Jul 9, 2020

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01:13 PM PST

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Hey folks, how's it going? And, to those of you who were betting the Dow Jones Industrial Average would clear the 20,000 mark before a major setback, you were right. The Dow hit and then pushed past 20,000 today.


The $64,000 question: What's next? We've got some thoughts on the matter below, and they might surprise you. Let's take care of today's priority today first though, which is a quick look at news for one of our Featured Stocks... CobalTech Mining (BNCIF, CVE:CSK).


Just as a quick reminder, CobalTech Mining is the outfit developing a cobalt mine in (and this is for real) Cobalt, Ontario. The locale got its name because -- no surprise -- there's a lot of cobalt there just waiting to be dug up.

There's a Reason Nexus Gold (NXXGF) Has Doubled in Less Than a Month

Jul 9, 2020

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01:13 PM PST

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You know, the Dow Jones Industrial Average didn't get above the much-discussed 20,000 mark today, but what didn't get a whole lot of attention on Tuesday is the fact that the S&P 500 as well as the NASDAQ Composite both crept into record-high territory. This is either really good, or really bad.


It's really good in the sense that a breakout move -- above a technical ceiling -- is usually a bullish trigger. It's bad in the sense that if the market's "play" here is to lure any stragglers off the sidelines and into the market only to lower the proverbial boom on them with a huge selloff, this is what it would look like.

Next Month's Best (and Worst) Market Bets

Jul 9, 2020

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01:13 PM PST

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Howdy all, and welcome back from what was a wild weekend. Whether you're a sports fan or a fan of politics, there was more than enough going on over the course of the past couple of days to keep you on the edge of your seat. Wow!


The sports side of it doesn't mean much to you and I as traders. The political aspects of this weekend are going to make waves though -- Trump is clearly intent on acting on his economic agenda, and fast. One of the early responses to the most recent round of policy changes (planned or enacted) is the U.S. dollar. Donald Trump mentioned we was for a weak U.S. dollar, and even beyond his rhetoric his policies are largely bearish for the greenback. Sure enough, the U.S. Dollar Index took another hit today, falling under a minor support level at 100.25, and extending a firm downtrend from last month's peak around 103.60. With some momentum in place and a political tailwind behind it, this downtrend could last a while.


Q4 Earnings Season Preview, and a Concern About Netflix (NFLX)

Jul 9, 2020

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01:13 PM PST

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Hello friends and fellow traders, and welcome to the weekend. Everybody got big plans? Between the post-inauguration news coverage on Friday, my anniversary on Saturday, and a couple of football games on Sunday, my weekend is pretty well packed - I'll be glad to get things started again on Monday.


There's something all of us need to put on our calendar next week though, and that's the beginning of Q4's earnings season on Tuesday when Alcoa (AA) reports its numbers. [Where does the time go?]


Since this may be the last chance we get to do it, we want to give you a preview and primer for the upcoming earnings season.

Lexaria Bioscience (LXRP) Jumps on News of a Cannabis-Based Health Supplement

Sep 26, 2021

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06:39 AM PST

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Good Thursday afternoon, friends and fellow traders (and for some of you, good Friday morning). Regardless of when you read the newsletter, today's edition is going to get your heart rate up a little bit.


First things first. Does everybody have a stake in Lexaria Bioscience (LXRP) from our October 27th recommendation? Hope so. Thanks to today's 18% jump, LXRP is up 93% since then and still seems to be going strong.


And we love the way the chart's taken shape of late. The bullishness from mid-December was on strong and growing volume. That effort petered out last week and early this week, but note how volume was waning the whole time. Then notice how all that volume came roaring back the past two days. It says there have been and continue to be more buyers than sellers.

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