U.S. stocks with a stealth rally this afternoon, pushing to highs throughout the session, with over 40 new 52-week highs in the S P 500. Including IBM which TheoTraders had a position in and closed today with a 70% profit. With today’s gains, the Nasdaq Composite traded above its prior intraday high
U.S. stock averages opened the day in negative territory, but pared losses into to the close for 9th time in the last 10 trading day. Most of the news of the day focused around Donald Trump and several policy changes on his first working business day in the new administration. The NASDAQ bounced mor
With Friday's gains, the Dow Industrial Average snapped its 5-day losing streak as earnings helped buoy stocks on the day. However, if we look back in the last 2 weeks the broad based S P 500 index literally did not move. In this weekend edition let's hunt for the best opportunity in today's markets
Stocks slipped again, as the Dow Industrial Average fell for a 5th straight day, down about 300 points from all-time highs reached two-weeks ago (1/6) and at 6-week lows heading into tomorrow’s Presidential inauguration. Today marked another round of positive economic data with jobless claims plungi
Treasuries slumped, as bond yields surged sharply to the upside for the 10-year to around 2.42%. The tech heavy NASDAQ rebounded after posting its worst performance of the year yesterday (falling from record highs reached last Friday) amid a jump in semiconductors and ahead of NFLX earnings. All eye
Stocks opened in negative territory, losing steam throughout the session ahead of a busy week of corporate earnings. Equities fell on Brexit commentary from UK Prime Minister Theresa May and on a plunging U.S. dollar after Trump talked tough amid the recent strength. The dollar fell after an intervi
Stocks posted small gains on Friday and remain near record all-time levels heading into the start of earnings season next week. Financial earnings grabbed the headlines and were mixed, but still posted solid returns, led by a jump in regionals. Large cap banks rallied as well as JPM posted solid ret
Can’t keep this market down! Even though major U.S. averages ended lower on the day, as the NASDAQ ended its 7-day win streak (and 4-day streak of consecutive all-time highs), markets finished well off their earlier lows as investors continue to take advantage of any opportunity to add to positions
The Nasdaq managed a 4th consecutive record close despite the bumpy ride in biotech following comments from Donald Trump on pricing. Oil prices recovered after two days of hefty declines, despite bearish weekly inventory data. The story of the day was Donald Trump, holding his first press conference
