Category Archives for Trade of the Day Newsletter

Bears Get Weekly Win

The market struggled for the 2nd-straight session as Wall Street once again searched for safety ahead of the weekend. Friday’s pullback is pushing late January support and levels that likely come into play to end the month. The continued drip of news concerning the coronavirus has also hurt the global markets as world economies brace […]

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Small-Caps Show Strength on Down Day

The market showed strength to start Thursday’s session following better-than-expected job numbers along with other positive economic news. However, weakness resumed afterwards on concerns that the coronavirus outbreak is spreading in the Asian region, with Japan and South Korea reporting new cases. China, however, reported a large decline in cases.The Nasdaq tested a low of […]

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Bulls Continue Record Run on Fresh Breakouts

The market rebounded on Wednesday while breaking out to fresh all-time peaks as better-than-expected economic news with housing overshadowed ongoing coronavirus concerns.The Nasdaq traded to a record high of 9,838 while closing at 9,817. Key resistance at 9,800 was cleared and held with continued closes above this level signaling upside potential towards the 9,900 level.The […]

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Apple (AAPL) Warns, Market Weathers Storm

The market was weak throughout Tuesday’s session following an earnings warning from Apple (AAPL) along with ongoing concerns over the coronavirus situation. Shares tested a low of $314.61 before closing at $319.The overall market pullback held near-term support levels with the Tech sector actually showing midday strength despite the ripple effect from Apple’s supply chain […]

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Bulls Get 2nd-Straight Weekly Win

The market opened flat on Friday dispute encouraging economic news as retail sales rose in January while consumer sentiment hit its highest level in about nearly 2 years years. The choppiness continued throughout the session after China’s Hubei province, the epicenter of the coronavirus outbreak, reported almost 5,000 new cases, with the estimate of the […]

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Small-Caps Shine Despite Choppy Session

The market was choppy throughout Thursday’s session after opening lower while rebounding midday to set another round of fresh all-time highs. The coronavirus fears looked like they would spark a deeper pullback in the overall market, but the major averages recovered some of their early losses with the small-caps bucking the trend to close higher.The […]

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Bulls Stay Strong Following Another Round of Record Highs

The market closed higher for the 3rd-straight session following another round of fresh record highs amid a global rally that is being driven by the easing in worries about the coronavirus. The rate of transmission and new infections in China appears to be slowing, but companies are still sorting through how their earnings results will […]

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Dow Lags Despite Setting a Fresh Record High

The market showed overall strength for the 2nd-straight session and for the 6th time in 7 sessions following another round of record highs. Fed speak after the open from Chairman Jay Powell caused some of the early morning and late day choppiness after he said there is a lot of uncertainty regarding the impact of […]

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Dow Lags Despite Setting a Fresh Record High

The market showed overall strength for the 2nd-straight session and for the 6th time in 7 sessions following another round of record highs. Fed speak after the open from Chairman Jay Powell caused some of the early morning and late day choppiness after he said there is a lot of uncertainty regarding the impact of […]

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Nasdaq, S&P 500 Tap Fresh Record Highs

forecast earnings

The market was up for the 5th time in 6 sessions after tapping fresh record highs on Monday. The risk on rally continues despite the rising deaths and the number of people infected by the coronavirus which has now topped 1,000 and 40,000, respectively.The Nasdaq closed at an all-time and session high of 9,628. Fresh […]

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