Category Archives for Trade of the Day Newsletter

Choppy Action Continues

The market traded on both sides of the ledger on Thursday following mixed economic news on the open and positive developments shortly afterwards. Negotiations to restart on another fiscal relief bill sent the market to midday peaks after the major indexes set fresh monthly lows, excluding the Nasdaq, shortly after the opening bell.The Nasdaq traded […]

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Bears Regain Momentum

The market continued its September struggle following another choppy session on Wednesday despite positive news on the corona virus vaccine front and the extension to fund the government. Johnson & Johnson (JNJ) announced it is beginning a 60,000 patient phase 3 trial which will notably feature only one dose and is expected to cost $480 […]

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Bulls Bounce but Do Little Damage

The market rebounded on Tuesday, snapping a four-day losing streak for two of the three major indexes, as traders looked past rising corona virus case counts around the world and intensifying political tensions in DC.Fed Reserve Chairman Jay Powell expressed cautious optimism that the economy is rebounding from the pandemic-induced recession with federal support but […]

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September Selloff Continues

The market continued its September swoon on Monday as corona virus case counts surged around the world along with the passing of Supreme Court Justice Ginsberg which caused a heated debate on when the next Supreme Court should be picked.Negotiations on a new stimulus package that continues to remain in a stalemate and funding for […]

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S&P 500 Closes Back Below 50-Day Moving Average

The market closed lower on Friday, notching a third-straight weekly loss excluding the small-caps, amid uncertainty about a fresh round of fiscal stimulus from Washington. Weaker-than-expected economic news and concerns about tensions between the U.S. and China also weighed on sentiment.The choppy trading action also marked quadruple witching and happens on the third Friday of […]

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Bears Return to Push Prior Trading Ranges

The market settled in a sea of red on Thursday following disappointing economic news and the continued fallout over negotiations on another  stimulus package. The losses held near-term and key support levels with the bulls needing a bounce back on Friday to avoid their 3rd-straight weekly loss.The Dow had its 4-session winning streak snapped after […]

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Fed Keeps Interest Rates Unchanged

The market traded mostly higher ahead of the FOMC announcement with Tech reversing course shortly after the opening bell. Better-than-expected earnings from FedEx (FDX) helped Transportation stocks with Eli Lilly (LLY) lifting the healthcare sector following news of another possible method for treating coronavirus beyond finding a vaccine.The major indexes got stronger, with Tech rebounding, […]

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Bulls Keep Grooving

The market finished higher on Tuesday with the blue-chip Dow giving up its early gains ahead of a policy update by the Federal Reserve. Tech led the upswing as the major indexes continued to rebound from last week’s selloff with 2 and 3-session winning streaks.Volatility remains a wild card as the bulls were unable to […]

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M&A News Propels Market Higher

The market showed strong gains on Monday following ongoing developments for a corona virus vaccine along with a slew of high profile merger & acquisitions news. Specially, AstraZeneca (AZN) announced clinical trials of its corona virus vaccine has resumed in the United Kingdom. The study was paused last week after one person in the trial […]

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Bears Get 2nd-Straight Weekly Win

The market showed less volatility on Friday while closing on both sides of the ledger with Tech and the small-caps tagging fresh weekly and monthly lows. The Russell 2000 joined the Nasdaq in closing below its 50-day moving average from the prior session and were the laggards.The Dow traded to an intraday high of 27,828 […]

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