Category Archives for Trade of the Day Newsletter

Bulls Eyeing 50-Day Moving Averages

​U.S. markets showed strength for a 3rd-straight session as U.S. and China trade talks resumed for a second day. Comments from both sides have expressed cautious optimism that a deal can be reached ahead of the March 1st deadline. Reports say both sides are making progress on narrowing the differences on trade issues, especially on […]

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Bulls Push Prior November Support Levels

U.S. markets showed continued strength to start the week while testing and clearing near-term and major resistance levels that served as prior support from mid-November. Much of the strength was attributed to the beginning of the first face-to-face meeting between U.S. and China officials since both sides agreed to a 90-day truce in the ongoing […]

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Bulls Rebound, Get Weekly Win

U.S. markets rebounded on Friday following a strong jobs number and optimism surrounding the scheduled trade talks between the U.S. and China. Talks will begin on Monday.  Soothing comments from the Fed and news that the U.S. House passed a spending bill package in an effort to end the partial government showdown also helped sentiment.The […]

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Bears Growl, Push Mid-December Support Levels

U.S. markets showed weakness from the open on Thursday, following a couple of major revenue warnings out of the Tech and Airline sectors. The news comes ahead of the “official” start of 4Q earnings season and upcoming comments from Fed Chairman Jerome Powell on Friday. With mid-December support levels back in play, the market will […]

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VIX Closes Below 25

U.S. markets were rocky to start the New Year following disappointing economic news from around the globe. The opening pullback fueled continued fears of a global slowdown, but the losses were quickly recovered by midday with the major indexes finishing slightly higher for the session. The U.S. government shutdown shows no signs of slowing despite […]

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Bulls End 2018 on High Note

U.S. markets showed strength on Monday’s open after President Trump said he spoke on the phone with Chinese President Xi Jinping and that trade negotiations were moving along very well as they made big progress toward cutting a deal. The developments were short-lived as the market turned choppy while giving back the majority of the […]

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Bulls Get First Weekly Win in a Month

U.S. markets were choppy throughout Friday’s action but traded in a much tighter trading range while closing mixed. The major indexes closed higher for the week for the first time since the end of November but are still down sharply for the month. The ongoing government shutdown is likely to stretch into January after no […]

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VIX Closes Below 30

U.S. markets continued a whipsaw week after trading in and out of positive throughout the session. The late day rebound off the intraday lows was a slightly bullish signal as the major indexes closed higher for the 2nd-straight session. Debate continues whether this is a true measure of sentiment between the holidays or a buying […]

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Bulls Post Best Day in a Decade

U.S. markets were volatile on Wednesday after opening sharply higher following the worst ever Christmas Eve for stocks. The gains were short lived as the major indexes turned negative within 30 minutes of trading.It appeared the selling pressure would lead to another rout, but buyers stepped up as the market tries to find a near-term […]

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Bears Maintain Momentum

U.S. markets closed sharply lower Friday, as Wall Street braced for a partial government shutdown and slowing global growth. The losses punctuated five days of selling pressure with fresh 52-week and multi-year lows now in focus.The Dow joined the other major indexes after officially forming a death-cross and has followed the Transports lower as the […]

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