Category Archives for Trade of the Day Newsletter

Bears Get Another Weekly Win

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U.S. markets closed slightly higher on Friday while holding positive territory throughout much of session despite disappointing factory data. The S&P 500 showed some mild weakness after the open and was the only index that dipped into negative territory before returning to strength. President Trump bolstered market sentiment after he said certain restrictions against Chinese tech […]

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Bears Push Lower Lows

U.S. markets showed continued weakness on Thursday despite signs the job market remains strong as rhetoric on both sides of the China/ U.S. trade fight heated up and remained the focal point. Treasury Secretary Mnuchin said that proposed tariffs on a further $300 billion worth of Chinese imports could be a month away once the […]

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Bears Return but Bulls Hold Support

​U.S. markets opened lower on Wednesday while trading in tight ranges throughout the session as Wall Street prepared for the latest Fed minutes while digesting ongoing trade rhetoric. The major indexes made an attempt towards positive territory after the Fed said it would remain patient when evaluating rate moves but it wasn’t enough to avoid […]

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Bulls Snap 2-Session Losing Streak

U.S. markets showed some strength on Tuesday following 2 days of selling pressure on reports the U.S. may be easing back some of the pressure concerning China. A softening of restrictions on American companies dealing with Chinese telecom companies for up to 90 days helped sentiment while disappointing Retail earnings weighed on gains.The Russell 2000 […]

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Bears Take 2nd-Straight

U.S. markets struggled for a 2nd-straight session while making lower lows as stalled U.S./ China talks and related tariff escalation remained the focus. Increased scrutiny over Chinese telecom companies are at the forefront and are making it harder for U.S. companies to do business deals following the new restrictions.Near-term support held with more crucial levels […]

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Bears Snatch Weekly Win From Bulls

U.S. markets showed some strength shortly after a lower open on Friday following news the trade front with the EU, Mexico and Canada is easing with the U.S. set to remove steel and aluminum tariffs on Canada and Mexico. However, weakness returned late in the session following reports of stalling trade negotiations with China with […]

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Nasdaq / S&P 500 Clears 50-Day MA’s

U.S. markets showed strength for the 3rd-straight session following upbeat economic news and strong company profits as the 1Q continues to wind down. The gains pushed all of the major moving averages back into positive territory for the week with volatility also settling below key levels of support.The Nasdaq jumped 1% following the intraday high […]

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Bulls Keep Slight Momentum

markets

U.S. markets opened lower to start Wednesday’s session following slightly disappointing economic news concerning retail sales. The major averages avoided lower lows and started showing strength an hour afterwards on news that President Trump will delay a decision by up to 6 months to impose tariffs on auto imports at some point this week.With Friday’s […]

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Bulls Rebound off Slightly Oversold Levels

U.S. markets showed strength throughout Tuesday’s session following conciliatory comments from President Trump who said he and President Xi will meet in June at the G20. The market took the comments as a possible sign that President Trump will hold off on additional tariffs for now.China also indicated the nation does not want a trade […]

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Uh Oh…VIX Closes Above 20

U.S. markets resumed their recent downtrend while trading to fresh monthly lows following news China will hike tariffs on $60 billion worth of U.S. imports that include a broad range of agricultural products.China said in a statement that the U.S.′ decision jeopardized the interests of both countries and does not meet the general expectations of […]

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