Category Archives for Trade of the Day Newsletter

Bulls Get Weekly Win Despite Friday’s Volatility

stock market

U.S. markets closed lower on Friday despite another strong jobs report as the news worried Wall Street that a possible rate cut later this month might not happen. While the overall action was slightly bearish, the major indexes closed well off the lows into the close with near-term support levels easily holding on the morning […]

Continue reading

Bulls Stay Aggressive

U.S. markets settled mostly higher following new trade developments that China would ease foreign financial ownership restrictions in 2020, which is a year earlier than anticipated. While this was a relatively small concession, it was another positive sign the relationship between the U.S. and China continues to improve.Volume was light as traders were slightly hesitant […]

Continue reading

Nasdaq and Russell Up Four in a Row

Xi Jinping

U.S. markets opened strong following weekend developments of a trade truce with China. The U.S. held off on additional tariffs for the time being and eased certain restrictions which helped fuel the rally. However, the fade afterwards was a bit of a concern with the small-caps briefly falling into negative territory.Despite the action, the higher […]

Continue reading

Small-Caps Shine Despite Bearish Week

U.S. markets closed higher for the 2nd-straight session and ahead of President Trump and China President Xi’s face-to-face meeting at the G20 gathering over the weekend. The talks are not expected to result in a trade deal, although an agreement to continue trade negotiations would likely soothe fears of a breakdown in negotiations.Friday’s action came […]

Continue reading

Small-Caps Clear Major Resistance

U.S. markets snapped out of a 4-session funk while closing mostly higher on chatter of a trade truce with China and slightly better-than-expected economic news. China’s President Xi is expected to present President Trump with terms willing to settle the contentious trade fight between the two nations.The news was shot down after White House adviser […]

Continue reading

Tech Shows Strength

The market held positive throughout Wednesday’s session following another round of optimism on the U.S.-China trade standoff. U.S. Treasury Secretary Mnuchin said analysts were about 90% of the way there on a deal and he believes there is a path to complete ​it.Of course, this was old news but recycled as the market settled mostly […]

Continue reading

Bears Keep Momentum

U.S. markets were weak throughout Tuesday’s action as Fed Speak and disappointing economic news weighed on sentiment. Chatter over interest rates, where the housing market is headed, and what the near-term outcome will be from this weekend’s G20 summit were too much to avoid a 3rd-straight overall pullback.One bright spot was the small-caps showing some […]

Continue reading

Dow Shows Strength Ahead of a Busy Week

U.S. markets showed weakness for a 2nd-straight session while settling mostly lower to begin the week. Tensions with Iran remain elevated following fresh sanctions, while the G20 summit looms at the end of the week.China trade relations also remain a big focus after Chinese vice commerce minister Wang Shouwen said China would like the U.S. […]

Continue reading

Bulls Maintain 3-week Winning Streak

major indexes

U.S. markets were choppy to start Friday’s action after President Trump called off strikes on Iran because they were not commensurable relative to Iran’s recent downing of a U.S. drone. The major stock indexes rebounded off the opening lows on news Vice President Mike Pence postponed a China policy address amid positive signs on trade.The […]

Continue reading

S&P 500 Taps Fresh All-Time High

U.S. markets opened in rally mode while pushing all-time highs following the FOMC’s recent dovish stance along with improved trade hopes after Mexico ratified the USMCA deal. The major indexes backed off their highs and nearly plunged into negative territory after President Trump tweeted Iran made a very big mistake after shooting down drone owned […]

Continue reading