Bulls Set Another Round of Record Highs

The market extended their winning streak to 4-straight after notching fresh record highs on Thursday. China's announcement that it is cutting tariffs by 50% on $75 billion in U.S. goods helped sentiment along with better-than-expected earnings from a number of high profile companies.

The Nasdaq traded to another all-time high of 9,575 while closing at 9,572. Fresh resistance at the 9,575 level was cleared but held with continued closes above this level keeping upside towards 9,650 in play.

The Dow tested a late day record peak of 29,408 while closing at 28,379. Key resistance at 29,400 was cleared but held with potential towards 29,500 on a close above this level.

The S&P 500 kissed a lifetime and intraday high of 3,347 while closing at 3,345. Near-term resistance at 3,350 was cleared and held with upside towards 3,375 on a move above this level.

The Russell 2000 made a run to 1,689 before settling slightly lower at 1,677. Key and prior support at 1,685 was cleared and held with a close above this level signaling a run towards 1,700.

Trade Your Way To A FORTUNE
with BioTech & Marijuana Stocks!

Let me show you my Step-by-Step BLUEPRINT that
 Returned 5,500% in the last 2 years!

Here are a few recent LIVE Trades:

  * 249% GAIN in ABBV in 4 days…
  * 203% GAIN in TLRY in 21 days…
  * 174% GAIN in LLY in 8 days…
  * 135% GAIN in AMGN in 18 days…
  * 111% GAIN in IBB in 9 days…or
  * 110% GAIN in CGC in 30 days… 

 6 trades & 982% return in only 90 days & WINS 91% of the time!

Go Here My presentation reveals exactly how it all works

ANALYST UPGRADES/DOWNGRADES

Cummins (CMI) upgraded to Neutral from Sell at UBS
General Dynamics (GD) upgraded to Overweight from Neutral at JPMorgan
Micron (MU) upgraded to Strong Buy from Market Perform at Raymond James

Carlyle Group (CG) was downgraded to Market Perform from Outperform at Keefe Bruyette
Funko (FNKO) was downgraded to Underweight from Overweight at JPMorgan
Walker & Dunlop (WD) downgraded to Neutral from Buy at Compass Point

FRIDAY'S EARNINGS ANNOUNCEMENTS  
Before the open: AbbVie (ABBV), Beyond Air (XAIR), Canada Goose Holdings (GOOS), Domtar (UFS), FirstEnergy (FE), HanesBrands (HBI), Madison Square Garden (MSG), RGC Resources (RGCO)

After the close: ​Trinseo (TSE)

FRIDAY'S ECONOMIC NEWS
Employment Report - 8:30am
Wholesale Trade - 10:00am
Baker-Hughes Rig Count - 1:00pm

METALS/ OIL
Gold closed at $1,570.00 an ounce,up $7.20
Silver settled at $17.82 an ounce,   up $0.22
Copper finished at $2.59 a pound, up $0.02
Crude Oil was at $51.28 a barrel,
down $0.20
Bitcoin Investment Trust (GBTC) ended at $11.70,  up $0.18


I hope this helps you prepare for the trading day. Make it a great one!


   Todd Mitchell


Not sure the best way to get started?

Follow these 3 simple steps ...

Step #1: Get These FREE Reports & Videos

Options INCOME  Profits   8 Video  Series    Habits that Kill Traders...



Step #2: Enroll in an Advisory or Educational Program
Premium Advisories | Featured  Educational  Programs 



Step #3: Connect with The Community
Trading Concepts Official Facebook Page