Category Archives for Trade of the Day Newsletter

Bulls Get 2nd-Straight Monthly Win

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The market settled mostly higher on Friday while booking sharp gains for the week, and month, after a news conference from President Donald Trump on China turned out to be not as disruptive to trade and finance as had been anticipated.The Nasdaq tested a late session high of 9,505 while closing at 9,489 (+1.3%). Current […]

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Bears Get Late Day Win

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The market experienced some late day selling pressure on Thursday following escalated tensions between the U.S. and China after the country approved a national security legislation on Hong Kong to tackle secession, subversion, terrorism and foreign interference.Reports that President Trump will host a news conference on Friday about China halted midday momentum. News that The […]

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Small-Caps Up 5-Straight Sessions

The market showed continued momentum on Wednesday with the small-caps once again leading the rally and extending the Russell’s winning streak to 5-straight sessions. The broader market and the blue-chip indexes cleared key resistance levels while Technology made a final hour comeback to give the bulls a clean sweep.The Russell 2000 surged to an afternoon […]

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Multi-Month Resistance Levels Back in Play

The market was in rally mode to start the shortened holiday week with the major indexes tagging prior February and March peaks on Tuesday. Better-than-expected housing news along with another possible coronavirus treatment fueled the rally although the fade in Tech was a bummer.The Russell 2000 kissed an intraday high of 1,406 while closing at […]

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Bulls Win Big Week Despite Friday’s Timid Action

The market was choppy throughout Friday’s session as the bulls and bears battled over fresh concerns involving China’s push of a new security law on Hong Kong and positive comments from Dr. Anthony Fauci.Fauci suggested now is the time to start reopening the economy but in the proper way to protect people’s health. The mostly […]

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Bears Win Choppy Session

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The market traded on both sides of the ledger on Thursday following elevated tensions between The White House and China and another round of poor economic data. Specifically, Initial Jobless Claims check in at 2,438,000 to bring the 9-week total to over 38 million job losses in America. The mostly lower close held near-term support […]

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Bulls Tag Fresh Monthly Highs

The market closed at a 10-week high on Wednesday following a number of upbeat quarterly earnings results from retailers Target (TGT) and Lowe’s (LOW). The Fed minutes had little impact on the major indexes but the major indexes did slip from the session’s best levels after the U.S. Senate passed a bill to delist Chinese […]

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Late Selling Pressure Sends Market Lower

The market was choppy throughout Tuesday’s session with Tech showing strength while the blue-chips struggled. Testimony from Fed Chairman Powell had little impact as he continued to say the Fed will do whatever it takes to support an economic recovery.The final hour selling pressure came after a report cast doubt on Moderna’s coronavirus vaccine candidate […]

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Market Pushing Late April Resistance

The market showed strong momentum throughout Monday’s action following a report from biotech company, Moderna (MRNA), on positive data for an experimental coronavirus vaccine. Adding to the upbeat sentiment were comments from Fed Chair Powell on Sunday night and optimism of an economic recovery.Powell said the Fed is not out of ammunition and could do […]

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Bulls Win Another Choppy Session

The market closed higher on Friday despite another choppy session and more disappointing economic news after the JOLTS report showed job openings dove -813,000 to 6,191,000 in March versus forecasts for a loss of 5.9 million.The midday rebound was led by the small-caps and Tech stocks as the rising tide lifted all of the major […]

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