Category Archives for Trade of the Day Newsletter

Markets Show Weakness on Earnings Deluge

U.S. markets traded lower throughout Thursday’s action as 2Q earnings remained in the spotlight, with some high profile misses on the busiest day and week of the quarter. However, 77% of the S&P 500’s 138 firms that have reported so far have topped expectations and gave the major indexes some support.The Russell 2000 fell 1.2% […]

Continue reading

Bulls Push Fresh Record Peaks

U.S. markets

U.S. markets settled mostly higher on Wednesday with the blue-chips lagging following disappointing earnings from a number of Dow components. The small-caps showed the most strength but Tech and the overall market stole the headlines after tapping fresh all-time highs.Volatility continues to cool after falling below another key level of support and comes ahead of […]

Continue reading

Record Highs Back in Focus

U.S. markets settled higher on Tuesday following an agreement on the debt limit along with some progress on the U.S.-China trade front. The early strength came after President Trump agreed to grant timely licensing decisions to U.S. tech firms that want to continue sales to a major Chinese Tech company.Additional market momentum came after news […]

Continue reading

Small-Caps Continue to Struggle

Economic Policy Symposium

U.S. markets opened in positive territory on Monday while trading mostly higher throughout the session ahead of the busiest week of the 2Q earnings season. The blue-chips and small-caps experienced some choppiness afterwards but settled higher along with the overall market.Geopolitical tensions and trade talks remain in focus but volatility eased while closing just outside […]

Continue reading

Bears Take Weekly Win as 2Q Earnings Season Heats Up

U.S. markets showed strength throughout much of Friday’s action following reports White House and Chinese officials spoke over the phone, with Treasury Secretary Mnuchin suggesting face-to-face talks could follow. However, the upside momentum faded late in the session as geopolitical tensions between the U.S. and Iran returned after an American Navy ship destroyed an Iranian […]

Continue reading

Volatility Simmers With Record Highs Still in Play

U.S. markets were choppy throughout Thursday’s session after trading in wider ranges before settling higher following the latest round of mixed 2Q earnings. News that an impasse over restrictions on Chinese Tech companies also weighed on trade sentiment at the open before the second half recovery.The afternoon turnaround was helped by Fed speak along with […]

Continue reading

Bears Crack Near-Term Support Levels

U.S. markets remained in a holding pattern after settling lower while trading in tight ranges for the 3rd-straight session. Disappointing economic news and earnings results weighed on sentiment after a number of companies missed revenue expectations.The focus will now shift from the Financial sector to Tech with a number of key announcements from big-cap companies. […]

Continue reading

Dow Hits 4th-Straight Record Peak

U.S. markets traded in tight ranges for the 2nd-straight session while settling slightly lower as mixed 2Q earnings and trade comments concerning China weighed on sentiment.The blue-chips and the small-caps showed some intraday strength but the overall market tested midday lows after President Trump told reporters that a trade deal with China has a long […]

Continue reading

Bulls Keep Momentum on Continued Fresh Highs

U.S. markets were tentative throughout Monday’s session while trading in tight ranges and settling mostly higher as the start of 2Q earnings season heats up. The Financial sector will be the main focus throughout the week but other sectors like Tech will also help shape the action.Volatility was slightly elevated after closing back above a […]

Continue reading

Bulls Cap Historic Week but Small-Caps Slack

U.S. markets

U.S. markets showed continued strength on Friday while setting a fresh round of historic highs on hopes of an imminent rate cut at the end of the month. Fed Chair Jerome Powell did his part to lift bullish spirits following his testimony on Capitol Hill, but the action will now focus on the upcoming 2Q […]

Continue reading
1 3 4 5 6 7 48