Market Finishes Flat After Strong Open

U.S. markets showed continued strength on Friday’s open while setting another round of record highs amid conflicting reports about the status of trade negotiations between the U.S. and China. Chinese trade ministers held a press conference to give their take on the nature of the phase one trade deal agreement that has been reached, after […]

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Bulls Trigger Another Round of Fresh All-Time Peaks

trade negotiations

U.S. markets surged to fresh all-time highs on Thursday following news high ranking trade negotiators have offered to cut existing tariffs by as much as half on roughly $360 billion of Chinese-made goods as well as to cancel a new round of tariffs set to take effect this weekend.The tariff reduction offer was likely made […]

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Bulls Snap 2-session Slide as Fed Stands Pat

U.S. markets showed overall strength for the first time in 3 sessions following an update from the Fed and its last rate setting meeting of the year. As expected, there were no real surprises from the Fed as they left rates unchanged.Trade headlines will continue to be the wildcard that could swing the major indexes […]

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Market Settles Slightly Lower on Trade Headlines

trade

U.S. markets were choppy throughout Tuesday’s session following a number of crosscurrents, including trade headlines that U.S. and Chinese trade negotiators are laying the groundwork for a delay of tariffs. Additionally, a USMCA deal was announced with a completed deal expected to be signed in Mexico.In other political news, House Democrats announced that they will […]

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Market Cautious Ahead of FOMC Meeting

U.S. markets were sluggish to start the week after trading in tight ranges and on both sides of the ledger while settling slightly lower for the session. The cautious action comes ahead of a week full of potentially market-moving events, including the FOMC meeting midweek, an overseas ECB meeting and the UK election.Also looming is […]

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Bulls Split Weekly Win Following Blowout Jobs Numbers

U.S. markets rallied for a 3rd-straight session following a blowout jobs report as trade headlines took a back seat to better-than-expected economic news. The gains pushed the major indexes back towards previous resistance levels and within striking distance of another round of fresh all-time highs.The Dow jumped 1.2% after trading to a late day peak […]

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20-Day MA’s in Play

U.S. markets were choppy on Thursday after trading on both sides of the ledger while settling higher for the 2nd-straight session. Better-than-expected economic news helped sentiment with the tight trading ranges and higher closes being good indications a near-term bottom is trying to form.The major indexes are still down for the week and will need […]

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Extreme Option Profits Chart of Day… General Electric (GE)

Just weeks ago, we featured General Electric (GE) in a Chart of the Day following allegations of fraud back in August 2019. Since then, we’ve watched as the stock caught strong support around $8 along with oversold reads on the Bollinger Bands (2.20), W%R, RSI, and MACD.Since spotting that opportunity in August 2019, the stock […]

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Bulls Get First December Win

U.S. markets snapped 3-session losing streaks on Wednesday following renewed hopes the U.S. and China are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase one trade deal. People familiar with the talks said that President Donald Trump’s previous comments downplaying the urgency of a deal shouldn’t […]

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Bulls Losing Streak Reaches 3-Straight

U.S. markets extended their losing streak to 3-straight sessions on Tuesday after President Trump said there is not a deadline for a trade deal with China and that it might be best to wait until after the 2020 election. The comments soured sentiment and led to continued selling pressure from the opening bell with the […]

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