Category Archives for Trade of the Day Newsletter

04-30-2018 Trade of the Day

Bulls Get April Win MARKET SUMMARYU.S. markets opened in positive territory following another round of solid earnings reports and a wave of M&A news. However, the gains started to fade into the second-half of action as traders turned their focus towards the FOMC decision from the Fed on Wednesday and the monthly jobs report on […]

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04-29-2018 Trade of the Day

Bears Get Weekly Win MARKET SUMMARYU.S. markets opened in positive territory on Friday but traded in a narrow range afterwards to finish mixed while snapping a two-week win streak. Earnings continue to come in better-then-expected from some of the market’s biggest and most influential companies. With 1Q earnings season halfway over, some of the euphoria […]

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04-26-2018 Trade of the Day

Market Regains Positive Territory for April MARKET SUMMARYU.S. markets showed steady strength ahead of a slew of corporate earnings due out after Thursday’s bell to get back into positive territory for the month. The results will likely influence Friday’s action to set up the last trading for the month on Monday and the start of […]

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04-25-2018 Trade of the Day

Nasdaq Down 5-Straight Sessions MARKET SUMMARYU.S. markets opened in negative territory despite another round of solid earnings as comments from several companies stoked worries that earnings may have peaked. Overall, this is not likely the case, as the market showed afternoon strength to finish mixed. Volatility remains slightly elevated but continues to hold a key […]

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04-24-2018 Trade of the Day

Blue-Chips Close Below 24,000 MARKET SUMMARYU.S. markets showed strength on the open following solid earnings but quickly lost momentum within the first half-hour of action. The selling pressure accelerated during the afternoon and into the closing bell as the 10-year treasury yield officially hit 3%. This exasperated fears of money moving out of the market […]

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04-23-2018 Trade of the Day

VIX Holds Key Resistance Level MARKET SUMMARYU.S. markets showed continued weakness after trading on both sides of the ledger before finishing mostly lower to start the week. Some of the morning strength came after U.S. Treasury Secretary Mnuchin said he’s cautiously optimistic of reaching an agreement on trade with China. However, higher interest rates weighed […]

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04-22-2018 Trade of the Day

50-Day MA’s Back in Play MARKET SUMMARYU.S. markets were weak throughout Friday’s session as Wall Street worried over the rise of the yield in the 10-year Treasury note, currently at 2.96%, and representing the highest levels since 2014. Although the major indexes extended their weekly win streak to two-straight, the close below key support levels […]

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04-19-2018 Trade of the Day

Dow Back in the Red MARKET SUMMARYU.S. markets traded lower throughout the session as the latest round of earnings failed to extend the recent rally. However, the major indexes rebounded off their lows into the close following news President Donald Trump had been told he wasn’t a target of special counsel Robert Mueller’s probe. While […]

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04-18-2018 Trade of the Day

Blue-Chips Slip on Weak Earnings MARKET SUMMARYU.S. markets showed continued strength on positive trade developments but finished mixed for the session as earnings dragged down the blue-chips. President Trump’s trade representative briefed lawmakers to expect a negotiated North America Free Trade Agreement within three weeks with top negotiators expected to meet in Washington on Thursday […]

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04-17-2018 Trade of the Day

Broader Market Back in Positive Territory for 2018 MARKET SUMMARYU.S. markets rallied for the second-straight session to four-week peaks while clearing key technical hurdles in the process. Solid earnings results were more in focus as geopolitical and trade concerns eased. White House economic advisor, Larry Kudlow, said that the Chinese are offering a constructive reaction […]

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