Mixed Session, With Nasdaq Lower
The week started off with another good trading day for TheTechTrader.com, although it was a mixed session for the stock market indices. They popped a little bit at the opening, backed off right away, held support and bounced, but rolled over to the biggest sell-off of the day until about 11:00. The session lows took the Nasdaq 100 down to 2342 and the S&P 500 to 1274 and change. The indices worked their way solidly higher in a 5-wave advance for the next several hours, taking the NDX from 2342 to 2358, and the S&P 500 from 1274 1/2 to 1282. On three occasions during the day, the S&P 500 tested and backed off 1282, which was the same thing that happened on Friday. That makes six occasions in the last three sessions.
While the S&P 500 failed to confirm, the NDX made lower highs for the remainder of the session. Net on the day, the Dow was up 32.77 at 12,392.69, the S&P 500 up 2.89 to 1280.70, and the Nasdaq 100 down 5.52 at 2350.65 as many of the large-cap stocks got slammed.
Malicious BBB Email Phishing Scam
The Better Business Bureau is warning consumers about an email phishing scam making rounds. According to the Greater Maryland CEO, Angie Barnett, emails claiming to be from the BBB were sent to companies across the nation. The emails stated a complaint had been filed with the BBB and listed the sender as the Better Business Bureau.
One business opened the affected attachment, which launched malware that quickly found the accounting office’s computers, accessed bank numbers and passwords, and nearly completed a fund transfer from the company’s account, stated Jim Winsett, President of the Southeast Tennessee and Northwest Georgia offices. The business had to completely wipe the computers in order to contain the damage to the network stated Winsett.
Angie Barnett said Tuesday the new wave of related phishing emails began. These emails were sent to consumers rather than companies. The emails contain links which can pose a serious danger to your computer and your finances. Barnett says “If you open up a link or any attachment, it goes to over 30 websites. Their goal is to collect a lot of information and release a virus onto your computer. We do believe the virus that’s released is going to log keystrokes so they’re getting that and passwords into your accounts.”
Barnett says the emails contain bad grammar and broken English that should be a tip-off and if you receive one of these messages you should delete them.
The BBB is working with law enforcement to determine its source and stop the fraudulent campaign.
Immediate Coverage Health Insurance – What You Should Know?
Sometimes people find out their medical insurance coverage ends on very short notice. They can find themselves in need of a new health insurance policy right away to avoid a lapse in coverage. The process for obtaining insurance for an individual or family can take a few days or weeks to complete. The short term health insurance plans are available for immediate coverage starting by midnight of the day you complete the application. These plans satisfy many needs but there are things you need to know about this coverage.
Medical plans that you might need to keep for longer might take a little longer to process. The insurance companies sometimes need to get medical records from doctors offices. They need to take time to provide the insurance at an appropriate rate. Sometimes they will increase the rate if they find illnesses or they could decline the policy altogether.
Mortgage Assistance Event to be Held in, Orlando, Florida Tomorrow
- Homeowners facing financial hardships and struggling on their monthly mortgage payments should attend this event. Date of Event: Saturday, December 10th
Time of Event: 9:00 am – 12:00 pm
Location of Event: 933 Lee Road, Suite 100, Orlando, FL 32810
If you enjoyed this post, make sure you subscribe to my RSS feed!
Foster Children at Far Greater Risk of Identity Theft
While adults are very vulnerable to identity theft in the United States, children are vulnerable too. And even more vulnerable is a certain group of minors: foster children. According to Robert Fellmeth, who teaches law at the University of San Diego, up to 30 percent of these children become victims of identity theft before they reach age 18 – which is usually when they find out about it.
This problem is so widespread that on September 30 a federal law was enacted requiring states to perform credit check on older foster children and to assist them if their identities are stolen so they can start their adult lives without the burden of bad credit. Sometimes these kids are victimized by members of the families they are taken away from, but sometimes the culprit is a foster parent or even an employee of the state-run organization that is assigned to help them.
According to Jim Langevin, a representative from Rhode Island who co-sponsored the law, ”We need to look after these young people in our care and make sure their credit is not abused. It’