S&P 500, Dow Pace for Fifth-Straight Win

The Nasdaq, meanwhile, is set to snap a four-day win streak

Deputy Editor
Dec 28, 2021 at 12:02 PM
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The Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are extending their pre-market gains, while looking to lock in their fifth-straight daily win. The former is up 139 points at midday, while the latter nabbed yet another intraday high earlier today. Meanwhile, the tech-heavy Nasdaq Composite (IXIC) is looking to snap its four-day win streak, treading in red ink as investors monitor updates on the Covid-19 omicron variant, as well as new guidelines from the Centers for Disease Control and Prevention (CDC). 

Continue reading for more on today's market, including: 

  • Schaeffer's founder and CEO Bernie Schaeffer dives into the power of leverage.
  • This FAANG stock is eyeing a massive milestone.
  • Plus, call traders blitz Roku stock; ISIG reclaims familiar support level; and medical stock cools off.

Midday Market Stats December 28

Roku Inc (NASDAQ:ROKU) is seeing heavy call trading activity today, with 112,000 calls across the tape so far, which is triple what's normally seen at this point. The most popular contract is the weekly 12/31 240-strike call, followed by the 250-strike call in the same series, with positions being opened at both. ROKU was last seen up 4.5% to trade at $238.48, while its 20-day moving average -- which pressured Roku stock over the last two quarters -- is back in place as support. Year-to-date, Roku stock is down more than 28%.

ROKU Chart Dec 28

The best performer on the Nasdaq today is Insignia Systems, Inc. (NASDAQ:ISIG), which was last seen up 89.9% at $21.91. It's not known what is driving today's positive price action, though this bull gap is helping ISIG reclaim a former floor at the $16 level. The equity once again has support from the 10-day moving average, after falling below the trendline last week. Longer term, Insignia Systems stock sports a 237.7% year-to-date lead. 

One of the worst stocks on the Nasdaq is Microbot Medical Inc (NASDAQ:MBOT). The security is down 11.3% at $7.94 at last check, after yesterday adding over 65% on news that the company is collaborating with Stryker (SYK) to develop robotic procedural kits for certain neurovascular procedures. The 320-day moving average is capturing today's dip, while MBOT trades on the positive side of its year-to-date and year-over-year breakeven levels. 



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