Category Archives for General

03-13-2018 Trade of the Day

Market Slides for First time in 8 Sessions MARKET SUMMARYU.S. markets closed lower across the board for the first time in 8 sessions after showing strength on the open. The weakness came in second hour of trading as the news cycle was dominated by the firing of Rex Tillerson as Secretary of State. It was […]

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03-12-2018 Trade of the Day

Nasdaq Stays Strong MARKET SUMMARYU.S. markets showed strength throughout Monday’s session but finished mixed on light economic news and headlines. A report indicating that Larry Kudlow is the leading contender to lead President Donald Trump’s National Economic Council in replacement of the departed Gary Cohn gave the market a spike before momentum faded.The Nasdaq gained […]

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03-11-2018 Trade of the Day

Dow / S&P 500 Clear 50-Day MA’s MARKET SUMMARYU.S. markets closed sharply higher on Friday after worries over tariffs on steel and aluminum faded as Wall Street focused on an unexpectedly strong jobs report and news that President Trump has accepted an invitation to meet North Korea’s leader.The Nasdaq zoomed 1.8% after going out at […]

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03-08-2018 Trade of the Day

Market Up on Tariffs MARKET SUMMARYU.S. markets finished mostly higher on Thursday while showing overall strength for a fifth-straight session. The late session rally held despite the signing of the declaration of a 25% tariff on imported steel and a 10% tariff on imported aluminum. The market took it as a good sign as Canada and […]

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03-07-2018 Trade of the Day

Small-Caps Stay Strong MARKET SUMMARYU.S. markets mixed on Wednesday following the resignation of President Trump’s top economic adviser, Gary Cohn, but showed strength in the final hour of trading. The departure of Cohn elevated Wall Street’s concerns over the planned tariffs on aluminum and steel imports that could get signed as early as this week. Near-term […]

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03-06-2018 Trade of the Day

Small-Caps Surge Past 50-Day MA MARKET SUMMARYU.S. markets closed higher after reaching their best levels shortly after the open. The gains were attributed to easing concerns over the prospects of a global trade war and the possibility of talks between North and South Korea.The Russell 2000 rallied 1% after reaching 1,562 into the closing bell […]

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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 […]

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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 […]

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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 […]

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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 […]

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