Category Archives for Trade of the Day Newsletter

50-Day MA’s in Play

The market opened lower and showed no sign of recovery after China reported nearly 2,000 new cases of the Wuhan coronavirus were diagnosed over the weekend. Overseas markets in Asia were mostly closed for various holidays and led to some of the nervousness and gap lower.The major indexes came close to losing their gains for […]

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Bulls Stay Strong Despite Opening Weakness

U.S. markets were choppy for the 2nd-straight session after trading on both sides of the ledger and closing mostly higher. Concerns over the corona-virus weighed on sentiment after China expanded their strict travel bans to include at least five cities, after first imposing the travel ban on Wuhan, where the virus appears to have originated.The […]

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Market Settled Mixed After Strong Open

U.S. markets were choppy on Wednesday following the opening rebound as concerns over the new coronavirus outbreak kept Wall Street on edge. China announced national screening measures to contain the outbreak and has quarantined the city of Wuhan with plans to shut down the airport and public transportation.On the earnings front, Citrix (CTXS) reported Q4 […]

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Market Cools After 5-session Hot Streak

U.S. markets settled mostly lower on Tuesday as trading resumed after Monday’s holiday. A risk-off tone was evident amid rising concern about the spread of the coronavirus in China and Asia. The slight bout of profit taking came after the major indexes set another fresh record highs on Friday.The Dow traded down to 29,146 while […]

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Bulls Keep Weekly Momentum

NYSE

The market capped off a strong week with another run to record highs on Friday as strong housing numbers helped sentiment. The small-caps struggled after closing the session lower but had the strongest week out of the major indexes.The start of the 4Q earnings season was supported by strong numbers from the Big Banks and […]

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Another Breakout to Record Highs

The January melt-up rally continued on Thursday as the major indexes set another round of record highs. Solid bank earnings and healthy economic news helped fuel sentiment as overbought levels from 2018 remain in play.The smart money is still enjoying the upside but is also selling selective stocks while preparing for a February fade. The […]

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Bulls Trip Another Round of All-Time Highs

S&P

U.S. markets showed strength from the start of trading ahead of the U.S. and China’s phase one trade deal official signing ceremony, which took place midday. Although some tariffs will remain in place, the threat of further escalation is out of the picture for now.White House economic adviser Kudlow said negotiations on Phase Two are […]

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Market Settles Mixed on Tariff Concerns

U.S. markets were choppy throughout Tuesday’s action following the “official” start of 4Q earnings season. The Financial sector got a boost following mostly better-than-expected numbers from the big banks with the Financial Select Sector Spiders (XLF) hitting a fresh 52-week high.In addition to earnings, the expected signing of the phase one trade deal between the […]

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Bulls Rebound, Push Another Round of Fresh Record Highs

U.S. markets rebounded on Monday as Wall Street prepares for the upcoming 4Q earnings season. The Financial sector will be in focus throughout the week with a number of companies reporting and their stock at, or near, 52-week peaks.Economic news was light while volatility stayed in a tight range. Reports that the Trump administration will […]

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Bulls Get Weekly Win as Dow Trips 29,000

U.S. markets showed strength throughout the first half of Friday’s action despite a jobs report that was a tad disappointing, but not troublesome, as the data still showed strong momentum in the labor market. The major indexes tripped another round of all-time highs before fading later in the day and into the closing bell.The pullback […]

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