Category Archives for Trade of the Day Newsletter

Dow, S&P 500 Recover 200-Day Moving Averages

The stock market traded higher on Monday while closing out a volatile January on a high note. Despite the gains, it was the worst month, overall, for the major indexes since March 2020. All major sectors in the S&P were higher for the session but Energy was the only sector to post a January gain. Meanwhile, […]

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Late Day Surge Gives Bulls Weekly Win

The stock market rallied on Friday to wrap-up one of the most volatile weeks in recent memory while snapping three-week losing streaks for most of the major indexes. A blowout earnings report from Apple (AAPL) and better-than-expected economic news on wage growth fueled sentiment. The small-caps slacked as they fell for the fourth-straight week and still […]

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Small-Caps Touch Fresh 52-Week Low

The stock market showed continued weakness on Thursday despite better-than-expected economic news. Specifically, gross domestic product (GDP) for the fourth-quarter rose to 6.9% versus forecasts for a print of 5.5%. Personal consumption was a tad lower then estimates at 3.3% versus 3.4%, but well above the 2% reading from the third-quarter. The news helped push the […]

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Fed Update Stalls Rally

The stock market was mostly lower on Wednesday after cruising higher ahead of the Fed’s latest monetary policy.  The action turned negative after the central bank affirmed expectations that it was nearing the start of interest rate hikes as the economic recovery progressed and inflation remained hot.  Nervousness followed after Fed Chair Powell offered little in the […]

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Whipsaw Action Continues

The stock market remained choppy on Tuesday as the Federal Open Markets Committee (FOMC) convened for their two-day monetary policy meeting. Geopolitical tensions were also high with NATO asigning forces on standby and the United States putting troops on heightened alert in response to the buildup of Russian forces along the Ukraine border. The Nasdaq finished […]

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Bulls Erase Losses on Massive Rebound

Wall Street went on a wild ride to start the week as the major indexes erased losses in the 3%-5% range to close in positive territory. The word of the day being tossed around was capitulation as the selling pressure was intense with Tech down 5% and the broader market entering correction territory.  The afternoon rebound […]

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Bears Wrap Up Nasty Week

The stock market tried to rebound on Friday after showing gains throughout the fist half of action despite a disappointing outlook from Netflix (NFLX).The selling pressure returned midday as the major indexes rolled over to end a brutal week with the market suffering its biggest weekly percentage drop since the onset of the pandemic in […]

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Opening Rally Stumbles into Late Day Selloff

The stock market went out near session lows on Thursday after an opening bounce, following a upbeat earnings and the weekly jobless claims update. Unemployment filings rose for the second-straight week to 286,000 versus forecasts of 225,000 while continuing claims rose to 1.635 million from 1.563 million. Tech was up 2% shortly after the open after […]

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Small-Caps Hit 52-Week Low

The stock market was choppy throughout Wednesday’s action as soaring bond yields and mixed earnings kept bullish traders in check. Specifically, the 10-year yield pushed 1.9% and is at its highest level since January 2020. The blue-chips fell for the fourth-straight session while the small-caps once again led the selling pressure into the closing bell. Volatility […]

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Nasdaq Tags Fresh Monthly Low

The stock market got off to a volatile start in the holiday-shortened week following disappointing earnings, rising bond yields, and persist rate pressures. Small-caps and Tech were the hardest hit indexes with Goldman Sachs (GS) weighing on the blue-chips after missing quarterly profit expectations due to weaker trading revenues and rising expenses.The Russell 2000 traded […]

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