Category Archives for Trade of the Day Newsletter

01-02-2018 Trade of the Day

Nasdaq Closes Above 7,000 MARKET SUMMARYU.S. markets pushed prior resistance and traded to fresh all-time highs to open 2018, and ahead of tomorrow’s FOMC minutes. The Nasdaq led the charge after surging 1.5% to clear the 7,000 level for the second time ever, while closing at an all-time high of 7,006. The S&P 500 jumped […]

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01-01-2018 Trade of the Day

Bears Win Week / Bulls Wrap Up Outstanding 2017 MARKET SUMMARYU.S. markets closed 2017 on a low note as selling pressure erased weekly gains while snapping 5-week win streaks for the Dow and S&P 500. Both indexes fell 0.5% on Friday while giving back 0.1% and 0.4%, respectively, for the week. The Dow gained 1.8% […]

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12-31-2017 Trade of the Day – MESSAGE FROM TODD

Happy New Year from all of us at Trading Concepts!Hello to all of my Trading Concepts students, it’s Todd Mitchell with a final message for the year.As another year comes to a close, I am taking some time to count my blessings. Along with my family and friends, I am also very grateful for all my […]

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12-28-2017 Trade of the Day

Dow Closes at Another Record High MARKET SUMMARYU.S. markets opened higher and showed some momentum throughout Thursday’s session, while holding onto slight gains into the closing bell. The Russell 2000 showed the most strength after rising just over 0.3% to remain within 1% of its record high. The Dow fell shy of its all-time high […]

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12-27-2017 Trade of the Day

Bulls Avoid Three-Session Slide MARKET SUMMARYU.S. markets avoided a three-session slide after squeaking out slight gains following another tight trading range. The Dow and S&P 500 climbed 0.1% and remain less than 1% away from all-time highs. The Nasdaq rose 3 points, or 0.04%, but failed to take out the prior high from last Friday. […]

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12-26-2017 Trade of the Day

Bears Push Lower Lows MARKET SUMMARYU.S. markets traded in a fairly tight range to start the shortened week while finishing mixed on light volume. The Nasdaq was the session laggard after falling 0.3% while trading in negative territory throughout the session.The S&P 500 and the Dow slipped 0.1% and 0.03%, respectively, after showing some strength […]

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12-24-2017 Trade of the Day

Bulls Get Weekly Win MARKET SUMMARYU.S. markets closed slightly lower on Friday despite the official signing of the tax reform bill into law while ending the week with slight gains. The Dow and S&P 500 declined 0.1% but advanced 0.4% and 0.3%, respectively, for the week. Both indexes are working on 5-week winning streaks.The Nasdaq […]

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12-21-2017 Trade of the Day

Bulls Push Near-Term Resistance MARKET SUMMARY​U.S. markets showed strength on Thursday following two prior sessions of choppy action. Optimism over potential tax reform benefits along with a number of positive economic reports helped sentiment with near-term resistance holding.The Russell 2000 led the way higher after rising 0.5% and coming within 8 points of its record […]

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12-20-2017 Trade of the Day

Small-Caps Close Higher MARKET SUMMARY​U.S. markets settled mostly lower on Wednesday despite the House passing the Republican-backed tax bill with the legislation marking the President’s first major legislative victory. The official signing remains uncertain but will take effect at the start of 2018.The Russell 2000 traded in positive territory for much of the session after […]

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12-19-2017 Trade of the Day

Markets Slip Ahead of Tax Reform MARKET SUMMARYU.S. markets opened mixed and were slightly weak throughout Tuesday’s session and ahead of the House vote on the Republican tax-reform package. After the vote was passed, the market rebounded off its lows but still closed in the red as the bill now gets sent to the Senate […]

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