Category Archives for Trade of the Day Newsletter

11-26-2017 Trade of the Day

Bulls Breakout into Blue-Sky Territory MARKET SUMMARYU.S. markets tested fresh resistance and set new all-time highs during Friday’s shortened session to wrap up a solid week of gains. The Nasdaq showed the most strength after rising 0.3% while setting an intraday record high of 6,890. The S&P 500 gained 0.2% after trading to an all-time […]

Continue reading

11-21-2017 Trade of the Day

Bulls Breakout into Blue-Sky Territory MARKET SUMMARYU.S. markets made another run to fresh all-time highs on Tuesday with the Nasdaq leading the way after gaining 1.1%. The index is just 2% away from challenging the 7,000 level following today’s dash to 6,862. The Dow and S&P 500 rose 0.7% while clearing 2,600 and 23,600 on […]

Continue reading

11-20-2017 Trade of the Day

Small-Caps Clear 1,500 MARKET SUMMARYU.S. markets traded higher across the board with near-term resistance and all-time highs holding. The Russell 2000 showed the most strength after rising 0.7% while clearing the 1,500 level. The Dow gained 0.3% to clear the 23,400 level and is less than 1% away from a record high. The S&P 500 […]

Continue reading

11-19-2017 Trade of the Day

Small-Caps Showing Strength MARKET SUMMARYU.S. markets closed mostly lower on Friday with the Dow and S&P 500 declining 0.4%, and 0.3%, respectively, to post their second-straight weekly loss. The Nasdaq pulled back from Thursday’s all-time high, after giving back 0.2%. For the week, the S&P posted a loss of 0.1%, while the Dow dipped 0.3%. […]

Continue reading

11-16-2017 Trade of the Day

Tech Sets Record High MARKET SUMMARYU.S. markets showed strength from the start of Thursday’s open with Wall Street looking for more clarity, and the passage of the tax bill by the House. The bill still needs approval by the Senate but the news was clearly a relief as the Nasdaq surged to an all-time peak […]

Continue reading

11-15-2017 Trade of the Day

Bears Stay Aggressive MARKET SUMMARYU.S. markets showed continued weakness throughout Wednesday with ongoing concerns over tax reforms erasing November gains. The Dow and S&P 500 closed lower for the 4th time in the past 5 sessions but are still just over 1% away from their all-time highs. The Nasdaq fell for the second-straight session but […]

Continue reading

11-14-2017 Trade of the Day

Small-Caps Continue to Fail 50-Day MA MARKET SUMMARYU.S. markets experienced weakness on the open that briefly pushed the major indexes into negative territory for the month before a recovery off the lows. The Dow and S&P 500 fell for the third time in four sessions with the lower highs and lower lows being a slight […]

Continue reading

11-13-2017 Trade of the Day

Bulls Hold Near-Term Support MARKET SUMMARYU.S. markets traded on both sides of the ledger before closing slightly higher with the Dow and S&P 500 snapping two-session slides. The Nasdaq finished higher for the second-straight session while the Russell 2000 extended its marginal win streak to 3-straight. Although all-time highs are on hold at the moment, […]

Continue reading

11-12-2017 Trade of the Day

Bears Snap Bull’s Winning Streaks MARKET SUMMARYU.S. markets were weak throughout Friday with the Dow and S&P 500 finishing in the red for the second-straight session. Both indexes ended the week lower for the first time in 9 weeks. The Nasdaq held near-term support before making a late day run into positive territory by nearly […]

Continue reading

11-09-2017 Trade of the Day

Bears Growl Over Tax Uncertainty MARKET SUMMARYU.S. markets closed lower across the board for the first time in eight trading sessions following uncertainty over the Senate tax bill which proposed delaying the long-sought corporate tax cuts until 2019. The Dow and S&P 500 held near-term support from mid-October on the intraday lows while recouping half […]

Continue reading