The Running of the Bulls

Tale of the Tape

Good evening everyone. The S&P 500 gained .84% today, notching its highest close since February 21. The big cap index is now positive for the year. Woohoo!

The real action, though, was in the Naz which ripped 2.5% to close at an All. Time. High.

Big cap tech was back with a vengeance and mocking all rotation theories after taking the short-lived breather last week.

Amazon gained a whopping 8%, making up most of last week’s losses. The beast added over $200B in market cap. Not bad for an online bookseller 😉💪🏻💰📚

Tesla gained 9.5% to close at an all time high. Twilio gained 10%. Spotify gained 10%. Peloton gained 10%. Zoom gained 9%. Microsoft gained 4%. These are very large companies tacking on kabillions in one session. It’s banoodles.

Still, somehow, the Russell 2K closed lower on the day.

Here’s a YTD chart featuring the Nasdaq 100 ETF, $QQQ and the small-cap Russell 2000 ETF, $IWM. Worlds apart…

And here’s Steve Ballmer pitching Windows I in the 1980s and he’s hilarious.

S&P 500	3,251	+0.84%
Nasdaq	10,767	+2.51%
Russell 2000	1,467	-0.36%
Dow Jones	26,680	+0.03%

New Energy?

Daqo New Energy continues to shine.

The Chinese solar company jumped 25% today and is now up 117% so far in 2020.

$DQ has had some incredibly strong days with a dose of heavy volume, see the chart below.

Oxfordzeneca…

We got news on a COVID vaccine. Today, the University of Oxford and Astrazeneca released Phase 1 data for its COVID-19 vaccine.

COVID-19 vaccine AZD1222 showed robust immune responses in all participants in Phase I/II trial

Oxfordzeneca isn’t the only candidate testing a COVID drug, Novavax, just announced after the close that it will present progress of its vaccine tomorrow. $NVAX was up 4% after-hours.

If you missed it, Novavax was the Stocktwits Top 25 Top Dawg of the Week. Check the detes here.

Learn to Money Kicks Off

Financial Education is life changing. Make no mistake.

Over the weekend, financial advisor and natural born powerhouse Tyrone Ross kicked off an ambitious and urgent initiative to help educate our nation’s youth around all things money.

The Learn To Money Program can be a world changer empowering our nation’s young people.

Check out Tyrone’s Video and GoFundMe HERE.

Chevron Buys Noble Energy

Today, Chevron agreed to buy energy company Noble Energy for $5 billion. The all-stock deal is the energy sector’s biggest since the historic April lows in oil prices.

For each Noble share owned, Noble shareholders will get 0.1191 Chevron stock. Noble is valued at $10.38/share, a 7.45% premium on Friday’s closing price.

$CVX closed the day down 2.20%. It’s now down 27.36% YTD.