Category Archives for Trade of the Day Newsletter

Small-Caps Get Smacked Following Disappointing Data

U.S. markets showed strength on Tuesday’s open but quickly reversed course following disappointing manufacturing data that showed the U.S./ China trade war hurt exports. The news followed disappointing economic news overseas and is only fanning long-standing fears of slowing global growth.Although U.S.-China trade talks are expected to resume next week, expectations are low for a […]

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Bulls Get Monthly Win but Third Quarter Mixed

U.S. markets showed strength throughout Monday’s session after Treasury Secretary Steve Mnuchin denied a report over the weekend that the Trump administration was looking to restrict China’s access to U.S. markets. This was the catalyst for Friday’s pullback that included chatter of delisting China stocks on U.S. indexes.White House adviser Peter Navarro also reiterated Mnuchin’s […]

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Bears Stay Aggressive While Volatility Remains Elevated

U.S. markets

U.S. markets showed some strength on Friday’s open following solid economic news but turned south midday following reports the White House is in the preliminary stages of weighing a block on all U.S. investments in China. The goal of the potential block is to protect American investors with the Trump administration considering delisting Chinese companies […]

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Near-Term Support Levels Holding

U.S. markets continued a choppy trend on Thursday but avoided lower lows as a flurry of economic news and political rhetoric dominated the headlines. In the latest twist in the U.S. trade drama with China, a government official is reported to have said that the U.S. is unlikely to extend a waiver allowing American companies […]

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Bulls Rebound, Recover Prior Resistance Levels

U.S. markets rebounded on Wednesday despite some weakness on the open and the official announcement of an impeachment inquiry against President Trump. The major indexes showed steady momentum afterwards and into the close following the release of the transcripts of the call between Trump and Ukraine’s President Volodymy Zelensky.While the chances of an actual impeachment […]

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Bears Crack Major Support Levels

U.S. markets showed strength on Tuesday’s on U.S.-China trade optimism following news that China has permitted tariff waivers for U.S. soybean imports. However, calls for the impeachment of President Trump and his dealings with Ukraine sent the major indexes into a tailspin.A slight rebound resumed after President Trump responded by saying he would declassify the […]

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Bears Take Sluggish Session

U.S. markets showed some strength on Monday after Chinese officials described trade talks over the weekend as constructive. China’s Commerce Ministry said there were good discussions on detailed arrangements for high level talks in October.However, news that the U.S. will be sending troops to the Gulf was a session overhang and caused some opening weakness […]

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Bears Return for Weekly Win

U.S. markets showed strength to start Friday’s action as low level trade talks with China resumed in hopes of setting a bigger stage for negotiations in October. However, comments from President Trump saying he’s not looking for a partial deal, he’s looking for a complete deal, and that China buying agriculture products would not be […]

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Another Mixed Session for the Market

U.S. markets showed strength throughout Thursday’s action but traded in tight ranges as better-than-expected economic news kept a bid under the major indexes. Late day weakness dragged down the blue-chips and the small-caps with the overall market basically flat for the session.Volatility is giving a neutral reading as the market will now focus on ongoing […]

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Fed Cuts Rates, Market Mixed

U.S. markets showed slight weakness throughout the first half of Wednesday’s action as Wall Street awaited the Fed’s update on interest rates. The announcement of a quarter-point rate cut was widely anticipated but was no help for the bulls as fresh lows were tapped afterwards as the Fed gave no clear signal on further rate […]

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