Category Archives for Trade of the Day Newsletter

Market Cautious Ahead of FOMC Meeting

U.S. markets were sluggish to start the week after trading in tight ranges and on both sides of the ledger while settling slightly lower for the session. The cautious action comes ahead of a week full of potentially market-moving events, including the FOMC meeting midweek, an overseas ECB meeting and the UK election.Also looming is […]

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Bulls Split Weekly Win Following Blowout Jobs Numbers

U.S. markets rallied for a 3rd-straight session following a blowout jobs report as trade headlines took a back seat to better-than-expected economic news. The gains pushed the major indexes back towards previous resistance levels and within striking distance of another round of fresh all-time highs.The Dow jumped 1.2% after trading to a late day peak […]

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20-Day MA’s in Play

U.S. markets were choppy on Thursday after trading on both sides of the ledger while settling higher for the 2nd-straight session. Better-than-expected economic news helped sentiment with the tight trading ranges and higher closes being good indications a near-term bottom is trying to form.The major indexes are still down for the week and will need […]

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Bulls Get First December Win

U.S. markets snapped 3-session losing streaks on Wednesday following renewed hopes the U.S. and China are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase one trade deal. People familiar with the talks said that President Donald Trump’s previous comments downplaying the urgency of a deal shouldn’t […]

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Bulls Losing Streak Reaches 3-Straight

U.S. markets extended their losing streak to 3-straight sessions on Tuesday after President Trump said there is not a deadline for a trade deal with China and that it might be best to wait until after the 2020 election. The comments soured sentiment and led to continued selling pressure from the opening bell with the […]

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Bears Back in Town

U.S. markets showed weakness for a 2nd-straight session and on the first trading day of December as both tariff concerns and disappointing economic news weighed on sentiment. The recent signing of the Hong Kong legislation seems to be a new sticking point with suggestions of a phase one agreement unlikely to happen by year-end at […]

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Bulls Wrap up Solid Month Despite Black Friday Pullback

U.S. markets traded lower throughout Friday’s shortened session despite indications of a strong kick-off to the critical holiday selling season for the retail sector. Worries over president Trump’s signing of the Hong Kong Human Rights and Democracy Act of 2019 led to the overall weakness and could be a sticking point to locking up a […]

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Bulls Stay Strong as Momentum Carries On

U.S. markets set another round of record highs on Wednesday after President Trump said that the U.S. and China were in the the final throes of hammering out a phase 1 trade deal. The rhetoric continues to reaffirm a deal may be announced in the near-term, however, the next phases are expected to be much […]

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Another Round of All-Time and 52-Week Highs

U.S. markets

U.S. markets set another round of fresh all-time highs as optimism on the U.S.-China trade front continues to rise. Reports that the U.S. and China held another phone conference provided a small lift to the major indexes throughout Tuesday’s session although trade details remain fluid.The small-caps slightly lagged but also closed higher for the 3rd-straight […]

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Nasdaq, S&P 500 Tap Fresh Record Highs

U.S. markets started the shortened week in rally mode following more reports a phase one trade deal with China is on the verge of happening. Specifically, China said over the weekend that it plans to raise penalties on intellectual property violations.Better-than-expected economic news and M&A activity also helped sentiment with the major indexes pushing prior […]

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