Category Archives for Trade of the Day Newsletter

20-Day MA’s in Focus

U.S. markets were weak throughout much of Wednesday’s session after showing some strength, briefly, at the opening bell. The slow drip lower lasted into the afternoon with the major slightly rebounding but extending their longer-term trading ranges for the 13th-straight session.​ A closer look at the charts show the 20-day moving averages are in play […]

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Another Sluggish Session

U.S. markets were sluggish throughout Tuesday’s session after showing weakness in the morning and slight strength in the afternoon. The tight action extended ongoing trading ranges for the major indexes as they now enter a 3rd-straight week of consolidation.​ Economic news was better-than-expected along with ongoing 4Q earnings from a number of companies in the […]

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VIX Spikes but Holds 15

U.S. markets showed strength on Monday’s open and made a run past last week’s 2019 highs following more detailed developments concerning U.S./ China trade talks. Reports say a deal could happen this month and the U.S. tariffs levied against China could end in exchange with China following up on its own promises to allow in […]

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Market Rebounds but Dow and Russell 2000 Snap Weekly Win Streaks

U.S. markets rebounded on Friday on news White House officials are planning a final trade deal with China ahead of the summit between President Donald Trump and Chinese leader Xi Jinping in the coming weeks. Economic news was weak but was offset by lower volatility on the higher market highs.​​ The gains helped the major […]

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Tight Trading Ranges Continue

U.S. markets traded in a tight range on Thursday as the Trump-Kim summit ended abruptly when the two leaders failed to reach a deal. The failed meeting had little impact on the major indexes as they traded in tight ranges.​​ A better-than-expected GDP number helped keep weekly lower lows from coming into play and near-term […]

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Another Mixed Session

U.S. markets showed weakness for a 3rd-straight session with the major averages settling mixed as Wall Street digested the latest economic and political news. While both fronts played a role in market direction, the lower lows remain a slight concern although major support levels held for the 2nd-straight session. In a reversal of this week’s […]

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Bulls Hold Near-Term Support Levels

U.S. markets opened in negative territory as Wall Street awaited the semi-annual testimony from Fed Chair Powell and his comments before the Senate Banking committee. There was little reaction from the market as the major indexes got a lift ahead of the event on a super Consumer Confidence number.​ The choppy action afterwards lasted into […]

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Market Settles Mixed Following Morning Breakout

U.S. markets showed strength throughout Monday’s action following confirmation President Trump will extend the March 1st tariff deadline. The President also cited substantial progress on key issues was made following U.S./ China trade talks that also helped market enthusiasm.​ The gains propelled the major indexes toward prior resistance levels from mid-October with support levels from […]

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Market Up 9-Straight Weeks

U.S. markets showed strength throughout Friday as trade talks between the U.S. and China are signaling a possible deal is near. In a letter to U.S. President Donald Trump, China’s Xi Jinping said that both parties will redouble their efforts to meet halfway on trade.​ Trump said that perhaps they will work out the final […]

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Bears Make an Appearance

U.S. markets were sluggish on the open and throughout Thursday’s action following a number of disappointing economic reports. The pullback ended 8-session and 3-session winning streaks for the major indexes but was much needed as overbought levels remain in play.​ Near-term support levels easily held while volatility closed below current resistance levels with the major […]

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