Category Archives for Todd’s Market Update

Fed Minutes Show No Surprises

U.S. markets were tentative throughout the first half of action as Wall Street awaited the release of the minutes from January’s FOMC meeting. The minutes were mostly in-line with expectations, with no concrete news on the balance sheet, and a patient approach to rate policy.​ The major indexes reached session peaks ahead of, and just […]

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Small-Caps Nears 200-Day Moving Average

U.S. markets were slightly sluggish to start the shortened week as trade talks with China continued in Washington on Tuesday, with higher level negotiations starting later in the week.​ The tight trading ranges expanded in the second half and the higher closes were bullish signals as the week after February options expiration is typically bearish. […]

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Bulls Extend Win Streak to 8-Straight Weeks

U.S. markets continued their strong start for the year following Friday’s rally that extend the overall winning streak to 8-straight weeks. Ongoing progress regarding trade talks with China help fuel the breakout to prior November highs and the negotiations now moving to Washington D.C. next week.​ President Trump said the trade talks with China are […]

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Tech, Small-Caps Up 5-Straight Sessions

U.S. markets were showing strength ahead of Thursday’s open amid continued hopes that the U.S./ China trade war will deescalate along with optimism that a 2nd partial government shutdown would be averted. However, a lousy retail sales report derailed momentum with futures turning from green to red.​​ The weakness lasted throughout much of the morning […]

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S&P 500 Holds 200-Day Moving Average

U.S. markets showed continued momentum over U.S. and China trade talks and increasing optimism that the government will not be partially shutdown. However, government funding is not a done deal, with President Trump sending mixed signals on a bipartisan border security deal reached by lawmakers.​​ Word that President Trump may meet with President Xi in […]

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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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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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Bears Get 2nd-Straight Win as Volatility Rises

U.S. markets were weak throughout Thursday’s action following comments from NEC Director Larry Kudlow who warned that there is a pretty sizable distance to go on China trade negotiations. There was also chatter that Presidents Trump and Xi are highly unlikely to meet before the March trade/tariff deadline, which added to the nervousness. The major […]

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Bulls Take a Breather

U.S. markets were choppy throughout Wednesday’s action following President Trump’s State of the Union Address delivered Tuesday night. A heavy dose of mixed earnings weighed on sentiment while a positive spin on China trade talks by Treasury Secretary Steven Mnuchin helped limit losses. Mnuchin confirmed reports that he, USTR’s Lighthizer and others will head to […]

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