Category Archives for Trade of the Day Newsletter

Market Settles Mixed as Dow Taps Record High

U.S. markets showed momentum for the 2nd-straight session with the blue-chips tapping fresh all-time highs after Fed Chairman Powell all but confirmed a rate cut in his 2nd day of testimony. However, the small-caps traded lower throughout much of the session while Tech showed 2nd-half weakness with both indexes closing lower.The Dow jumped 0.9% after […]

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Bulls Tag Fresh All-Time Highs on Rate Cut Hopes

U.S. markets showed strength for the 2nd-straight session while setting fresh all-time highs following hints of a quarter-point rate cut later this month. Fed Chairman Jerome Powell stressed the various uncertainties that were weighing on the outlook, and worries that weak inflation will be even more persistent supported expectations for an easing.While the market liked […]

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Dow Down 3-Straight Sessions

U.S. markets closed mostly higher on Tuesday after spending much of the session underwater and showing caution ahead of Fed Chairman Jerome Powell’s testimony on Wednesday and Thursday. Powell didn’t comment on policy or the economy in his video recorded welcome remarks at a Boston Fed conference.Developing trade talks between the U.S. and China helped […]

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All Eyes on Fed Update

U.S. markets were weak for a 2nd-straight session as Wall Street awaits testimony from Fed Chairman’s Jerome Powell’s congressional testimony midweek. The start of 2Q earnings season also had investors slightly nervous as estimates have been coming down in recent weeks with a major conglomerate company reporting numbers Tuesday morning.The Dow fell 0.4% following the […]

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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 […]

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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 […]

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Nasdaq and Russell Up Four in a Row


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 […]

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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 […]

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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 […]

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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 […]

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