Category Archives for Trade of the Day Newsletter

10-31-2017 Trade of the Day

Tech Tackles Another All-Time High MARKET SUMMARYU.S. markets closed higher ahead of Wednesday’s FOMC announcement with the Dow and S&P 500 posting their 7th-straight monthly gain. The Nasdaq set another all-time high of 6,737 while closing above the 6,700 level for the second time in three sessions. Meanwhile, the Russell 2000 led the major indexes […]

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10-30-2017 Trade of the Day

Markets Pull Back Ahead of FOMC MARKET SUMMARYU.S. markets were slightly lower to start the week and ahead of a two-day FOMC meeting that begins on Tuesday. The small-caps continue to lag and led today’s pullback with the Russell 2000 falling 1.2% and back below the 1,500 level. The Dow and S&P 500 closed mildly […]

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10-29-2017 Trade of the Day

Small-Caps Still Struggling with Resistance MARKET SUMMARYU.S. markets closed in record territory on Friday with the Dow and S&P 500 extending their weekly winning streak to 7-straight with the latter setting a fresh intraday all-time and closing high. The Nasdaq posted a strong session after rising 2.2% following better-than-expected earnings from a number of Tech […]

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10-26-2017 Trade of the Day

Tech Struggles, Holds Support MARKET SUMMARYU.S. markets somewhat rebounded on Thursday and on of the busiest day for 3Q earnings with a number of major Tech companies announcing after the close. The Dow was led my the financial stocks and came within 26 points of setting a fresh all-time high. The S&P 500 reclaimed the […]

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10-25-2017 Trade of the Day

Bears Growl, Bulls Hold Support MARKET SUMMARYU.S. markets were weak throughout Wednesday’s session with the Dow posting its worst decline since early September. The Nasdaq led Wednesday’s pullback but held 6,550 and a key level of support. The S&P also showed losses but held near-term support at 2,550. Meanwhile, the Russell 2000 fell to a […]

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10-24-2017 Trade of the Day

Blue Chips Shine on Upbeat Earnings MARKET SUMMARYU.S. markets opened higher following solid earnings reports from several members of the Dow that propelled the index to another fresh intraday and closing all-time high. The S&P 500 and Nasdaq settled with slight gains but stalled in their efforts in making new record highs with the latter […]

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10-23-2017 Trade of the Day

Small-Caps Close Back Below 1,500 MARKET SUMMARYU.S. markets traded to fresh all-time highs on Monday’s open but spent the remainder of the session in a tight range before finishing slightly lower. The pullback ended six-session winning streaks for the Dow and S&P 500 with near-term support holding. The Nasdaq closed back below 6,600 for the […]

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10-20-2017 Trade of the Day

Broader Market Up 6th-Straight Week MARKET SUMMARYU.S. markets continued their run into blue-sky territory as the Dow and S&P 500 closed at fresh all-time highs on Friday for their 6th-straight week of gains. The Nasdaq also set a record peak and is on a 4-week winning streak. Meanwhile, the Russell 2000 rebounded to end the […]

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10-19-2017 Trade of the Day

Market Recovers Early Losses MARKET SUMMARYU.S. markets closed mixed on Thursday after battling back from early morning losses of roughly 1%. The Dow and S&P 500 extended their winning streaks to five-straight after gaining positive territory ahead of the closing bell. The Russell 2000 also rebounded off its morning low to trade into positive territory […]

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10-18-2017 Trade of the Day

Dow Clears 23,000 / Small-Caps Fail 1,500 MARKET SUMMARYU.S. markets continued its recent pattern of pushing fresh all-time highs while showing slight intraday weakness. The Dow and S&P 500 traded higher for the fourth-straight session while setting record highs for the sixth time in the past seven sessions. The Nasdaq rebounded to set another record […]

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