Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Philstockworld (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

34,000 Thursday – Dow Back to Testing the Highs

% of readers think this story is Fact. Add your two cents.


15% over the 200-day moving average is a rare thing.

That’s where we are now on the Dow, which is over 34,000 again.  Are things really 15% better than they were in November, when we last tested the 200 DMA?  Well Trump is no longer President and the virus is diminishing (in the US, in the rest of the World it’s still a disaster) - those are good things

However, it’s already the end of April and Q1 has not been generally better than Q1 of last year, when we entered lockdown.  Chipotle (CMG) beat expectations last night, as did Kinder Morgan (KMI) and Whirlpool (WHR) but Las Vegas Sands (LVS) is still in very bad shape and this morning American Airlines (AAL) took a massive $4.32 loss per $20 share while our favorite airline, Alaska (ALK) “only” lost $3.51 per $70 share.

T beat, CLF beat by a mile, BIIB out of the ballpark, DHI massive beat, Valero (VLO) massive miss – the stimulus is having a very uneven effect on industry but clearly Mass Transportation and Hospitality are suffering the most still.  Tonight we hear from our Stock of the Year, Intel (INTC) but they have already gone to the moon since we picked them in November.  Boston Beer (SAM), Mattel (MAT), Seagate (STX) and Sketchers (SKT) also report this evening with American Express (AXP), Honeywell (HON) and Schlumberger (SLB) reporting tomorrow.

Image

Nothing seems to matter to the market as it only goes in one direction these days.  That’s why we made an aggressive play on AT&T into earnings yesterday in our Live Member Chat Room ahead of their report:

T/Rick – Still underpriced at $30.05 so I’d just buy the 2023 $30 calls for $2.50 and, if T goes up, you can either take a quick profit or sell $35 calls (now $1.15) and turn it into a cheap spread.  If it goes up a lot, that’s all there is to do but if it’s flat or down, then you can also sell puts like the $27 puts, which are now $2.70 and then you have a free set of $30 calls or a credit if you do the bull call spread or

Provided courtesy of Phil’s Stock World.

To read the rest of this article now, along with Phil’s live intra-day comments, live trading ideas, Phil’s market calls, additional member comments, and other members-only features – Come to the winning side at Phil’s Stock World by clicking here.

To sign-up for a free trial membership, click here.



Source: https://www.philstockworld.com/2021/04/22/34000-thursday-dow-back-to-testing-the-highs/?utm_source=beforeitsnews&utm_medium=feed&utm_campaign=psw-feeds&utm_content=article-link


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.