Although the tech sector felt like it was in a freefall in April, it apparently was simply on a bungee cord as we have now seen the Nasdaq 100 ETF (QQQ) snap back more than 20% since the volatile April 7 lows. I want to use options to have the ability to capture even more upside as bullish momentum is driving the bears back into their caves. The S & P 500 is trying to string together a nine-day streak of gains, historic in itself. Front month Nasdaq Futures (June contract) reclaimed 20,000 this morning after nearly dipping under 16,000…
Author: usaeverydaylife
Recent chart patterns are indicating some positive trends for the S & P 500 after a volatile month. The broad market index is headed toward nine straight days of gains as of midday Friday — its longest winning streak since November 2004. After Thursday’s gains, the S & P 500 was trading above its 50-day moving average for the first time in more than two months, according to Bespoke Investment Group. “The just-ended streak of 47 trading days of closing below the 50-DMA wasn’t extreme by any historical sense, but it was the longest streak of closes below that level…
Jeff Bezos, founder and executive chairman of Amazon and owner of The Washington Post, takes the stage during The New York Times’ annual DealBook Summit, at Jazz at Lincoln Center in New York City, Dec. 4, 2024.Michael M. Santiago | Getty ImagesAmazon founder Jeff Bezos plans to sell up to 25 million shares in the company over the next year, according to a financial filing on Friday.Bezos, who stepped down as CEO in 2021 but remains Amazon’s top shareholder, is selling the shares as part of a trading plan adopted on March 4, the filing states. The stake would be…
A ship carrying 16 people and humanitarian aid to Gaza was rocked by explosions early Friday off the coast of Malta, setting the vessel on fire and putting it at risk of sinking, according to the human rights group operating the ship.The ship and its crew were safe after a tugboat helped extinguish the blaze following a mayday call, the government of Malta said in a statement. It did not say what had caused the fire, adding that the authorities were monitoring the ship, which was in international waters in the Mediterranean Sea.The ship, called Conscience and operated by a…
Ariel Investments’ John Rogers said he views this year’s sell-off as a perfect opportunity to find good bargains, even as recent tariff and recessionary fears have clouded the outlook on U.S. markets for many investors. Rogers, Ariel’s chairman, co-CEO and chief investment officer, told CNBC’s “Squawk Box” on Friday that the firm has been picking up shares of companies he likes that became cheap during the pullback. Major indexes remain in the red for the year, but are on pace for their second winning week in a row as enthusiasm picks up on potentially easing global trade tensions. “I don’t…
U.S. President Donald Trump speaks to the media in the Oval Office at the White House in Washington, D.C., U.S., March 26, 2025.Evelyn Hockstein | ReutersPresident Donald Trump released a budget proposal Friday calling for a mix of cuts to domestic programs involving public health, education and clean energy, while seeking to increase spending on his priorities like border security and a bigger military.The 40-page request was addressed to congressional leaders and accompanied by a letter from Office of Management and Budget Director Russell Vought addressed to Sen. Susan Collins, R-Maine, the chair of the Senate Appropriations Committee.Overall, Vought said the proposal…
Sundar Pichai, chief executive officer of Alphabet Inc., during a visit to the Google for Startups campus in Warsaw, Poland, on Thursday, Feb. 13, 2025. The EU has established a reputation globally for its aggressive regulation of major technology companies, including the likes of Apple and Google over antitrust concerns. Photographer: Damian Lemanski/Bloomberg via Getty ImagesDamian Lemanski | Bloomberg | Getty ImagesThe U.S. government’s remedies trial in the Google antitrust case regarding its advertising tech is scheduled to begin on Sept. 22, according to civil hearing minutes released Friday. Last month, U.S. District Judge Leonie Brinkema in Alexandria, Virginia, said…
Solid first-quarter results were just the catalyst that analysts on Wall Street needed to continue singing the praises of Monolithic Power Systems — a key Nvidia partner. Monolithic reported earnings per share of $4.04 on revenue of $637.6 million in the first quarter, while analysts polled by FactSet were looking for $4.01 per share and $634.2 million. The Kirkland, Washington-based maker of integrated circuits issued a better-than-expected second-quarter outlook, forecasting revenue in the range of $640 million to $660 million. Analysts’ consensus estimates had called for revenue of $635.6 million in the current quarter. The company specializes in power solutions…
U.S. Representative Josh Gottheimer (D-NJ) speaks during a press conference about the SALT Caucus outside the United States Capitol on Wednesday February 08, 2023 in Washington, DC. Matt McClain | The Washington Post | Getty ImagesAs debates ramp up for President Donald Trump’s policy agenda, changes to a key tax provision could benefit higher earners, experts say. Enacted via the Tax Cuts and Jobs Act, or TCJA, of 2017, there’s a $10,000 limit on the federal deduction on state and local taxes, known as SALT, which will sunset after 2025 without action from Congress. Currently, if you itemize tax breaks, you can’t deduct…
It’s almost 5 a.m. on March 23 in Rafah, southern Gaza. Two Red Crescent medics are out searching for a missing ambulance crew. Driving is Asaad al-Nasasra and sitting beside him and filming is Rifaat Radwan. Both have worked with the Red Crescent for years. Rifaat worries their missing colleagues have come under attack. They haven’t heard from them for an hour. They will soon discover that Israeli soldiers have fired on the crew, killing two of them. Before long, Rifaat will also be killed along with 12 other staff from the Red Crescent, Civil Defense and the United Nations.…
