Category: Trading Videos

Hello traders everywhere. China's answer to the latest round of tariffs that President Trump announced last week was to let the Yuan, China's currency, slide below the key 7-per-dollar level for the first time in more than a decade fanning fears that it could further aggravate an ongoing trade war.

The Dow plunged more than 600 points a few different times today losing over -2%, while the S&P 500 sank over -2% and the Nasdaq dropped -3%. The three indexes are on pace to post their biggest-one day loss since May 13. The Nasdaq is on track to fall for a sixth straight session, which would be its longest losing streak since late 2016. The S&P 500 headed for a six-day losing streak as well. The major indexes have also fallen more than 5% from their record highs set last month.

Bitcoin has mounted a comeback that started last week and culminated with a new green weekly Trade Triangle being issued at $11,370.78 signaling a move back to a long position. Bitcoin is currently up +5% backing up its +14% move last week. Is Bitcoin the new haven for China?

Key Levels To Watch Next Week:

Continue reading "Trade Tensions Sink Stocks" →

Hello traders everywhere. All three major indexes will end the week in negative territory after suffering a one-two punch from the Fed and President Trump. The move lower started on Wednesday when the Fed announced that they were cutting the key interest rate a quarter-point in effort to keep economy on track. That news caused all three major indexed to finish -1% lower on the day with the S&P 500 triggering a new red weekly Trade Triangle at the end of trading that day indicating a move to a sidelines position.

Thursday morning saw a bit of optimism with stocks climbing higher in early trading only to be chopped down when President Trump tweeted "Trade talks are continuing, and during the talks the U.S. will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country. This does not include the 250 Billion Dollars already Tariffed at 25%". That news sent the DOW lower losing -1% or 280pts on the day triggering a new red weekly Trade Triangle as it joined the S&P 500 on the sidelines.

The stock market continues to move lower as we end the trading week lower culminating with the NASDAQ joining the S&P 500 and DOW triggering new red weekly Trade Triangle after losing -1.39% as we head into afternoon trading. As we stand stocks are on pace to have their worst week of the year with the S&P 500 and DOW losing over -3% and the NASDAQ losing over -4%.

Key Levels To Watch Next Week:

Continue reading "Stocks Fall After Tariffs and Fed Cut" →

Hello traders everywhere. Stocks rose after a set of strong earnings reports and data showing that the domestic economy grew at a healthy pace in the second quarter.

The gains, as well as an increase in U.S. government bond prices, came after data released early Friday showed that the GDP grew at a 2.1% annual rate in the second quarter, the Commerce Department said, narrowly above the 1.8% expected by most economists.

The figures were boosted by U.S. shoppers. Consumer spending, which makes up more than two-thirds of the economy, recorded the strongest pace of growth since late 2017.

For the week, the S&P 500 and NASDAQ are headed for solid gains hitting intra-day record highs of 3,023.93 and 8,327.06, the two indexes are up 1.5% and 2.1% week to date, respectively. The DOW, however, is headed for a slight loss of -.06%.

Key Levels To Watch Next Week:

Continue reading "Stocks Rise On Solid GDP Report" →

Hello traders everywhere. Stocks are looking to bounce back a week after they suffered a bit of a pullback that resulted in weekly losses for the S&P 500 -1.2%, DOW -.65% and NASDAQ -1.1%. The losses came on the heels of a record-setting week, so it's expected that there was room for a pullback.

What was a positive morning for the stock market with better-than-expected earnings from companies ranging from Coca-Cola (KO) to United Technologies (UTX) has turned mixed as we head into afternoon trading. Will the market post a positive weekly gain this week?

The U.S. Dollar issued a new green weekly Trade Triangle at $97.58, indicating that we could see a long-term uptrend take shape. This came after news of a congressional deal to extend the U.S. debt limit for two years, easing fears of a government default.

Key Levels To Watch This Week:

Continue reading "Stocks Try To Bounce Back" →

Hello traders everywhere. Stocks traded higher and closed at record highs on this holiday-shortened day as investors bet on a possible rate cut from the Federal Reserve later this month after the release of weaker-than-expected economic data.

The S&P 500, DOW and NASDAQ all closed at record highs today. The S&P 500 posted a close of 2,995.82, the DOW 26,966.00 and NASDAQ rounded out the record closes at 8,170.23, just shy of its all-time high of 8,176.08.

Private payrolls in the U.S. increased by 102,000 in June, ADP and Moody's Analytics said. Economists polled by Dow Jones expected growth of 135,000.

The disappointing data strengthens the Fed's case for lowering rates at its monetary policy meeting at the end of July. Last month, the central bank opened the door to easier monetary policy by stating it will "act as appropriate" to maintain the current economic expansion.

Key Levels To Watch This Week:

• S&P 500 (CME:SP500): 2,874.68
• Dow (INDEX:DJI): 25,958.66
• NASDAQ (NASDAQ:COMP): 8,176.08
• U.S. Dollar (ICE:DX): 97.67
• Gold (NYMEX:GC.Q19): 1,386.20
• Crude Oil (NYMEX:CL.N19): 59.19
• Bitcoin (BITCOIN:BITSTAMPUSD): 7,511.41

Every Success,
Jeremy Lutz
INO.com and MarketClub.com