Category Archives for Trade of the Day Newsletter

Nasdaq, S&P 500 Tap Another Round of Record Highs

U.S. markets showed continued momentum to start the holiday shortened week with another round of record highs. Weaker-than-expected economic news was brushed aside with the gains coming ahead of Tuesday’s shortened session and Wednesday’s closing for the market.The Dow closed higher for the 8th-time in 9 sessions after rising 0.3% and trading to a high […]

Continue reading

Bulls on 4-Week Win Streak

U.S. markets showed continued momentum on Friday with the major indexes setting another round of fresh all-time highs following solid economic news. The drift to higher highs and 4th-straight week of gains remains a bullish signal ahead of the Christmas-shortened week.Volatility continues to give a neutral reading with the major indexes roughly 4%-5% above their […]

Continue reading

Bulls Continue Surge into Blue-Sky Territory

U.S. markets continued their run at record highs after showing overall strength for the 6th time in the past 7 sessions. Better-than-expected economic news, for the most part, helped sentiment as Wall Street mostly ignored news the U.S. House voted to impeach President Trump.The impeachment process is highly unlikely to get through the Senate and […]

Continue reading

Market Mixed on Light News

U.S. markets traded in tight ranges while settling mixed on light economic news and the winding down of the 3Q earnings season. Wall Street continues to digest the recent trade deal and UK election news while keeping an eye on the ongoing impeachment process playing out in Congress.The Russell 2000 climbed 0.3% after testing a […]

Continue reading

Bulls Rally for a 5th-Straight Session

U.S. markets showed strength for the 5th-straight session following solid economic news from the housing sector that beat estimates and added to the growing optimism about the economy. The improved outlook has gone a long way in supporting the rally in risk appetite, especially as U.S./China trade negotiations and Brexit uncertainties have simmered for now.The […]

Continue reading

Fresh All-tIme Highs Remain in Play

U.S. markets showed overall strength for the 4th-straight session following ongoing trade developments with China. Over the weekend, U.S. Treasury Secretary Steven Mnuchin said the Phase One trade deal would be signed in early January and that Phase Two may then be negotiated in stages.The Nasdaq surged 0.9% with the midday all-time high reaching 8,833. […]

Continue reading

Market Finishes Flat After Strong Open

U.S. markets showed continued strength on Friday’s open while setting another round of record highs amid conflicting reports about the status of trade negotiations between the U.S. and China. Chinese trade ministers held a press conference to give their take on the nature of the phase one trade deal agreement that has been reached, after […]

Continue reading

Bulls Trigger Another Round of Fresh All-Time Peaks

trade negotiations

U.S. markets surged to fresh all-time highs on Thursday following news high ranking trade negotiators have offered to cut existing tariffs by as much as half on roughly $360 billion of Chinese-made goods as well as to cancel a new round of tariffs set to take effect this weekend.The tariff reduction offer was likely made […]

Continue reading

Bulls Snap 2-session Slide as Fed Stands Pat

U.S. markets showed overall strength for the first time in 3 sessions following an update from the Fed and its last rate setting meeting of the year. As expected, there were no real surprises from the Fed as they left rates unchanged.Trade headlines will continue to be the wildcard that could swing the major indexes […]

Continue reading

Market Settles Slightly Lower on Trade Headlines

trade

U.S. markets were choppy throughout Tuesday’s session following a number of crosscurrents, including trade headlines that U.S. and Chinese trade negotiators are laying the groundwork for a delay of tariffs. Additionally, a USMCA deal was announced with a completed deal expected to be signed in Mexico.In other political news, House Democrats announced that they will […]

Continue reading
1 3 4 5 6 7 59