All posts by Todd Mitchell

Dow rises 200 points on growing optimism for a trade deal

Stocks rose on Wednesday as investors grew hopeful that Chinese and U.S. trade authorities would reach an agreement before a deadline in early March. The Dow Jones Industrial Average rose 200 points as Goldman Sachs and 3M a outperformed. The S&P 500 gained 0.5 percent, led by gains in the financials and energy sectors. The Nasdaq […]

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Bulls Showing Fresh Momentum

U.S. markets showed continued strength on Tuesday following word a bipartisan deal has been reached to avert another government shutdown. However, President Trump wasn’t too thrilled and is undecided on the budget deal after meeting with cabinet members.​​ News on trade also helped the major indexes push fresh highs for the year, aside from the […]

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Dow Down 4-Straight Sessions

U.S. markets traded mostly to the upside throughout Monday’s session with the blue-chips lagging for the 4th-straight session as trade talks between the Trump administration and China began in Beijing.​The Russell 2000 rallied 0.8% following the late day surge to 1,519 into the close.  Upper resistance at 1,510-1,520 held with continued closes above 1,525 being […]

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Can Gold ETFs Continue to Shine in 2019?

gold prices

Gold prices had surged in the fourth quarter of 2018, as investors sought safe assets amid rising stock market volatility. More recently, the decline in interest rates and softness of the US dollar, thanks to the Fed’s change in tone on rates, have helped the precious metal. According to the World Gold Council, growth in gold […]

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Here’s a blueprint for investors trading the different China-US trade war outcomes

Investors

Citigroup has a China trade deal strategy for all the possible outcomes from the trade negotiations between Washington and Beijing. Sectors in the crosshairs — including technology and industrials — could see the widest stock swings depending on the success of the talks, according to the report published Tuesday. While China has already started to repurchase […]

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Tesla shares jump after Canaccord Genuity upgrades the stock and predicts 40% rally

rally

Tesla shares got off to the week with a good start after Canaccord Genuity upgraded the stock and predicted a monster rally as electric vehicle penetration improves and the company gets closer to building a car that is affordable for the masses. Canaccord upgraded Tesla to buy from hold and raised its 12-month price target to […]

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Stocks are rallying before fresh trade war talks between the US and China kick off

rallying

Global stocks are rallying sharply Monday ahead of a busy week for markets in which investors are bracing for significant volatility. With trade talks between Washington and Beijing kicking off Monday, as well as China’s markets reopening after a week off, it is set to be a busy week for stocks. “We could expect to see more […]

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Dow/ Nasdaq on 7-Week Winning Streaks

U.S. markets avoided their first 3-session losing streak of the year, for the most part, after rallying into the closing bell to finish slightly higher on Friday. Much of the nervousness was attributed to trade talk concerns as the White House confirmed that Presidents Trump and Xi will not meet before the March 1st deadline […]

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After going up for six straight weeks, the stock market comeback is on hold

Dow Jones

The Dow Jones Industrial Average is headed for its first negative week of 2019, and there are a few key reasons the stock market’s recent rally has slowed.The Dow and S&P 500 indexes each climbed over 7 percent in the past six weeks, but the rally in U.S. stocks has paused.Here are the three major […]

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Trading Range Action Likely as the Bulls Finally Relent

S&P 500

Since the market bottomed on December 24, the S&P 500 has only been down two days in a row once prior to yesterday. The losses were quite mild but this morning there is a strong indication that a three day losing streak may be likely. The recent uptrend has been remarkably strong with the indices closing […]

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