Category Archives for Trade of the Day Newsletter

Bulls Snap 2-Week Losing Streak Despite Friday Fade

The market pulled back on Friday to snap a 4-session winning streak while showing a strong weekly advance of over 3%, overall, after tapping fresh all-time highs in the previous session. The losses came despite a stronger-than-expected monthly report on the job market.The Federal Reserve warned that the coronovirus outbreak poses a “new risk” to […]

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Bulls Set Another Round of Record Highs

The market extended their winning streak to 4-straight after notching fresh record highs on Thursday. China’s announcement that it is cutting tariffs by 50% on $75 billion in U.S. goods helped sentiment along with better-than-expected earnings from a number of high profile companies.The Nasdaq traded to another all-time high of 9,575 while closing at 9,572. […]

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Bulls Extend Winning Streak to 3-Straight

NYSE

The market showed strength for the 3rd-straight session following Wednesday’s run to prior all-time highs. The ADP employment report soared past forecasts with additional better-than-expected economic news fueling the gains. The recovery from the prior Friday selloff remains intact although volatility remains somewhat elevated despite the market’s gains.The Nasdaq traded to another all-time high of […]

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Bulls Stay Strong, Recover Prior Support Levels

The market continued its recovery efforts from last Friday’s selloff after showing strength for the 2nd-straight session, while recovering key levels of prior support. The results of the Iowa Democratic Caucus and the late release may have helped sentiment as President Trump’s reelection efforts appeared to get stronger. The suit-and-ties blamed problems with a mobile […]

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Market Rebounds From Friday Selloffs

forecast earnings

The market rebounded from its selloff on Friday despite a nasty selloff in China as traders there got their first chance to sell since the outbreak of the coronavirus that continues gripping the Asian nation. The U.S. Department of Homeland Security issued rules over the weekend to implement new restrictions on Americans who have recently […]

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Bears Get January Win Following Friday’s Selloff

The market was rattled on Friday and was weak throughout the day following heightened concerns over the coronavirus. Adding to the worry was news that the U.S. Department of State increased the China travel advisory to Level 4 along with President Trump declaring a public health emergency.Although prior support levels held, for the most part, […]

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Bulls Rebound Off Session Lows to Get Big Win

The market was volatile on Thursday following ongoing concerns about the impact of the spread of the coronavirus. The weak open outweighed better-than-expected 4Q earnings as a number of high profile companies beat estimates. However, the late day rebound was a slightly bullish signal as the major indexes made a strong recovery in the final […]

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Market Settles Mixed After Strong Open

The market showed strength for the 2nd-straight session following Wednesday’s run to higher highs before a mixed closed. Better-than-expected corporate earnings and economic news help sentiment along with the signing of the USMCA agreement.The weakness into the closing bell and after the Fed news on unchanged interest rates was a signal of a continued choppiness […]

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Market Rebounds but Fails Key Resistance Levels

The market showed strength on Tuesday following a blowout GDP number as Wall Street focused on better-than-expected economic news and earnings. The major indexes rebounded to push prior resistance levels from earlier in the month but remain on cautious ground.The action in the small-caps remains a concern along with the heightened levels in the S&P […]

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Bulls Stay Aggressive

The market continued its recent whipsaw action on Friday following a strong open as Wall Street continued to closely monitored the extent to which the coronavirus can be contained. A total of 40 million people are effectively under quarantine in China and travel bans have been issued.Authorities in Beijing and other cities canceled many public […]

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