Category Archives for General

03-05-2018 Trade of the Day

Bulls Showing Strength MARKET SUMMARYU.S. markets showed strength to start the week to build off Friday’s gains with the Dow snapping a four-session losing streak. Near-term resistance levels held as trade concerns remained in focus but volatility dropped after spiking on the morning open.The Dow jumped 1.4% after trading to a high of 24,961 while […]

Continue reading

03-04-2018 Trade of the Day

Monday Morning Market View MARKET SUMMARYU.S. markets settled mostly higher on Friday but finished the week lower to snap two-week winning streaks. Volatility spiked but settled lower as near-term support and resistance levels held on the rebound off the lows.The Russell 2000 rallied 1.7% after testing an intraday low of 1,494 for a 2nd-straight session […]

Continue reading

03-01-2018 Trade of the Day

Mid-February Support in Play MARKET SUMMARYU.S. markets suffered steep losses after President Trump said he would be instituting trade tariffs on steel and aluminum to elevate concerns over protectionist trade policies. The Dow and S&P 500 closed below their 50-day moving averages to follow the small-caps lead after they closed below this technical level on […]

Continue reading

02-28-2018 Trade of the Day

Bears Get Rare Monthly Win MARKET SUMMARYU.S. markets closed lower for a second-straight session to extend February’s losses following a volatile month with plenty of whipsaw action. Today’s action showed market strength throughout the day before a recent pattern of final hour selling pressure emerged to stall momentum.The Russell 2000 plummeted 1.6% after closing at […]

Continue reading

02-27-2018 Trade of the Day

Market Weak on Fed Speak MARKET SUMMARYU.S. markets pulled back on Tuesday after Fed chair Jerome Powell gave his semiannual monetary policy report. There were no major surprises as analysts digested the news throughout the session. However, the losses worsened into the closing bell with volatility spiking ahead of tomorrow and the last trading day […]

Continue reading

02-26-2018 Trade of the Day

Small-Caps Clear 50-Day MA MARKET SUMMARYU.S. markets showed strength for a third-straight session following a pullback in the 10-year yield to its lowest levels since mid-month. The recent gains have recaptured roughly 80% of the 10% pullback from the all-time highs with the major indexes showing momentum ahead of Fed news on Tuesday.The Dow jolted […]

Continue reading

02-25-2018 Trade of the Day

Bulls Get 2nd-Straight Weekly Win MARKET SUMMARYU.S. markets surged in the final hour of trading on Friday to finish the week in positive territory. It was the second-straight week of gains for the major indexes following the 10% overall correction from earlier this month with nearly half of the losses recovered.The Dow jumped 1.4% after testing […]

Continue reading

02-22-2018 Trade of the Day

Near-Term Resistance Levels Continue to Hold MARKET SUMMARYU.S. markets continued this week’s pattern of trading higher into the afternoon before experiencing final hour weakness to settle mixed on Thursday. Traders continue to watch the action in the 10-year note as it inches closer to a 3% yield before deciding to commit new money or bail on […]

Continue reading

02-21-2018 Trade of the Day

Small-Caps Close Slightly Up MARKET SUMMARYU.S. markets traded in positive territory during the first half of Wednesday’s action but in a tight range ahead of the Fed minutes. The indexes gained strength heading into the news and traded significantly higher following dovish statements made by the Fed. However, volatility returned as the major indexes gave up […]

Continue reading

02-20-2018 Trade of the Day

Bears Make an Appearance MARKET SUMMARYU.S. markets showed continued momentum during Tuesday’s session before losing steam and pulling back for the first time in seven sessions. The lackluster action comes ahead of tomorrow’s FOMC minutes and a number of key economic reports as traders seemed tentative ahead of the news.The Dow fell 1% after trading in […]

Continue reading
1 27 28 29 30 31 40