Category Archives for Trade of the Day Newsletter

Bulls Bounce Back in Choppy Trading

The stock market rebounded on Friday despite uninspiring bank earnings to kickoff the start of the fourth-quarter season. Disappointing data on retail sales and consumer sentiment also weighed on sentiment before a late day rally gave the bulls a much needed win.The gains weren’t enough to pull the major indexes into positive territory for the […]

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Fed Officials Spook Wall Street

The stock market reversed course on Thursday after a number of Fed officials talked about inflation and interest rate hikes. Much of the chatter focused on the Fed likely starting to raise rates in March along with the need for tighter policy. Technology and Consumer Discretionary were the weakest sectors after sinking 2.6% and 2%, respectively. […]

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Bulls Stay Strong Despite Inflation Data

The stock market was choppy on Wednesday after opening higher despite another disappointing report on inflation. The consumer price index rose to a 7% year-over-year rate for December, marking the fastest increase in 40 years. The number matched forecasts and was less than feared but nervousness prevailed following reports the supply chain crisis could last well […]

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Nasdaq Recovers 15,000 Level

Federal Reserve

The stock market shrugged off a weak open on Tuesday as Wall Street awaited testimony from Federal Chairman Powell. The major indexes began to show strength after Powell said if the pace of price increases fails to slow, the central bank would get more aggressive with raising short-term borrowing costs. It was a clear sign the […]

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Nasdaq Tests 200-Day Moving Average

The stock market showed continued weakness on Monday with the S&P 500 falling for the fifth-straight session. The technical damage was somewhat severe as the major indexes tested and closed below their 50-day and 200-day moving averages. The blue-chips and small-caps were hit the hardest but rebounded nicely off their intraday lows with the latter coming […]

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Jobs Report Disappoints

Wall Street fell on Friday following a disappointing jobs report with Tech closing out its worst week since last February. Non-farm payrolls checked in at 199,000 versus forecasts for a gain of 450,000. The unemployment rate dipped to 3.9% from 4.1% but is somewhat misleading as the labor participation rate was upwardly revised to 61.9%. Meanwhile, […]

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Volatility Steadies Despite Opening Spike

Dow Jones

The stock market went out mostly lower on Thursday after trading on both sides of the ledger with the small-caps showing strength. Economic news missed expectations with initial jobless claims of 207,000 slightly higher than forecasts for a print of 195,000. The major indexes recovered from their morning lows with the exception of the blue-chips which […]

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Fed Minutes Accelerate Selling Pressure

The stock market tumbled Wednesday despite the blue-chips showing first half strength while pushing key resistance. The other major indexes were weak across the board with Tech remaining in nasty downtrend and the 10-year yield climbing to 1.7%. The afternoon Fed minutes accelerated the selling pressure as policymakers revealed worsening inflation and signaled more aggressive intervention […]

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Tech Slides While Blue-Chips Tap Record High

The stock market was mixed on Tuesday following a couple of updates on the economy. The first reading showed manufacturing slowed in December as demand for goods slipped, but that supply chain constraints are starting to ease. On the employment side, demand for workers remained at historic highs, with a record 4.5 million Americans quitting their […]

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Bulls Get Back on Track

The stock market started the New Year off with a bang while keeping another round of record highs in play and ahead of the start to the fourth-quarter earnings season. Economic news was mixed with Manufacturing PMI disappointing while Construction Spending edged higher in November.The Russell 2000 finished at 2,272 (+1.2%) and back above its […]

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