Near-Term Resistance Levels Continue to Give the Bulls a Headache

U.S.-China trade

U.S. markets rebounded on Thursday following another round of mostly positive 3Q earnings and upbeat comments on the China trade deal. Larry Kudlow, Director of the National Economic Council, said US Trade Representative Robert Lighthizer has been speaking to high-level Democrats about a trade deal with China.Kudlow also added although there are skeptics, there is […]

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Chart of the Day… Roku Inc. (ROKU)

Roku Inc. (NASDAQ:ROKU) operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others.  The stock fell after Comcast announced it was making its streaming TV box Xfinity Flex free […]

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Small-Caps Higher in Sluggish Session

U.S. markets were in a holding pattern on Wednesday following the latest round of earnings reports and slightly weaker-than-expected economic news. The major indexes traded in tight ranges before closing mostly lower with the small-caps showing strength.The slack session was a slightly bullish signal as Financials and the Transports closed higher and are important sectors […]

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Solid Earnings Keep All-Times Highs in Play

S&P

U.S. markets settled higher following the “official” start to the 3Q earnings season, which saw better than expected results from the Healthcare and Financial sectors. The solid start to the earnings season trumped concerns about a report that China aims to have the U.S. roll-back some existing tariffs before committing to added agricultural purchases.The major […]

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Chart of the Day… E-Trade Financial Corporation (ETFC)

Spot excessive fear, and you may have found your next great trade. After all, it’s how some of the top investors made their fortunes. Sir John Templeton used to tell investors to buy excessive pessimism.  Warren Buffett still advises us to “be fearful when others are greedy and greedy when others are fearful.” Baron Rothschild would tell […]

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Market Sluggish Ahead of 3Q Earnings

U.S. markets were choppy throughout Monday’s action following reports that China was cautioning that the phase one trade agreement with the U.S. was not a deal at all, but simply represented progress toward a deal. Treasury Secretary Steve Mnuchin tried to downplay that view, acknowledging that while the deal hadn’t been fully documented and signed, […]

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Bulls Snap 3-Week Losing Streak

U.S. markets were in rally mode from the start of Friday’s open and maintained momentum throughout the session in hopes of a good outcome in the trade talks between U.S. and Chinese representatives. Tweets from President Trump confirmed that the U.S. had reached what is being called a phase 1 deal with China that will […]

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50-Day MA’s Back in Play

U.S. markets showed slight weakness to start Thursday’s session following news out of China suggesting the visit to the U.S. by the Chinese delegation may be cut short. However, a sharp turnaround occurred shortly afterwards when President Trump confirmed he would meet with China’s Vice Premier on Friday at The White House.The higher highs and […]

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Bulls Recover Near-Term Resistance Levels on Mild Rebound

U.S. markets showed strength throughout Wednesday on reports China is open to a partial trade deal despite the recent blacklisting of Chinese companies. However, some of the stipulations were no more tariffs being imposed by the Trump administration, including duties scheduled this month and in December.While nothing is certain, the positive chatter comes ahead of […]

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Chart of the Day… Ulta Beauty Inc. (ULTA) is Wildly Oversold

After a poor third quarter earnings report, and a reduction to its outlook, ULTA fell out of favor with investors – and fast. In fact, investors forced the stock from a high of $340 to $230However, it now appears the stock is greatly oversold – with great insider buying to boot.Over the last week, CEO […]

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