Category Archives for Trade of the Day Newsletter

Volatility Giving Neutral Reading Ahead of Fed News

U.S. markets were tentative on Thursday while trading on both sides of the ledger as Wall Street awaits Fed Chairman’s comments from the annual central banking symposium in Jackson Hole, Wyoming on Friday. An early session inverted yield curve caused some nervousness as algorithms triggered to create some selling pressure as the 10-year treasury yield […]

Continue reading

Bulls Recover Prior Resistance on Soft Fed Speak

U.S. markets opened with strong gains on Wednesday following solid earnings numbers from the retail sector and better-than-expected economic news on home sales. The afternoon Fed minutes didn’t provide strong clues on the direction of rates, and there was little market reaction afterwards as the major indexes maintained momentum.The gains helped recover the prior session […]

Continue reading

Bears Return to Crack Near-term Support Levels

U.S. markets closed lower on Tuesday after struggling to hold slight gains during the first half of action. News that President Trump is anxious about the economy and is contemplating various actions aimed at bolstering confidence and growth failed to help momentum.Specifically, the President said he was looking at payroll and capital gains cuts along […]

Continue reading

Monday Win Pushes Prior Resistance Levels

U.S. markets closed higher on a Monday for the first time in a month on hopes that the Fed’s Jackson Hole Symposium will see central bankers outline further steps that can be possibly taken to support economic growth, if needed.The upcoming U.S./ China trade talks were also a source of optimism after Commerce Secretary Wilbur […]

Continue reading

Bears Snag 3rd-Straight Weekly Win

Recession

U.S. markets settled higher to end the week and for the first time in 3 Friday sessions but closed lower for the 3rd-straight week as the continued gains weren’t enough to offset the midweek selloff. Momentum held throughout the session after President Trump said a call is planned with China’s President Xi, soon.The steepening in […]

Continue reading

Small-Caps Tap Fresh Low

U.S. markets traded in a tighter range on Thursday and showed some strength following better-than-expected economic news ahead of and after the open. News that Presidents Xi and Trump are communicating by phones and letters provided some relief ongoing trade talks are continuing with China’s Foreign Ministry confirming hopes to resolve trade disputes via negotiations. The […]

Continue reading

Monthly Lows in Focus on Yield Inversion Risk

U.S. markets reversed course on Wednesday after giving back the prior session gains as another sharp drop in yields sent investors back to the sidelines. Specifically, the 2-year and 10-year spread inverted for the first time since 2007 with inversions traditionally seen as indicators of impending recessions.Although it can be debated if the U.S. is […]

Continue reading

Market Rebounds on Delayed Tariffs

U.S. markets were slightly weak to start Tuesday’s session but reversed course quickly after news broke that China said it will hold trade talks by phone with the U.S. in two weeks. Also, the United States Trade Representative office said tariffs on some goods will be delayed until December 15th from the original September 1st […]

Continue reading

More Monday Blues

U.S. markets showed weakness for the 3rd-straight Monday as chatter over the trade war with China was back in the spotlight. President Trump again lowered hopes for a truce in the trade war with China, saying that he would be fine if trade talks scheduled for September do not happen.The Dow was down 1.5% after […]

Continue reading

Bears Take Volatile Week

investors

U.S. markets were weak on Friday’s open following more uncertainty over trade developments with China. President Trump said the U.S. is not ready to strike a trade deal with China and that the U.S. government will no longer have any dealings with a major Chinese telecom company. The ongoing dispute led to another volatile session with […]

Continue reading