Category: Trading Videos

The stock market set another round of record closes on Friday after the October jobs report came in better than expected, boosting optimism about the economic recovery.

Pfizer announced a significant development regarding its easy-to-administer Covid-19 pill, which fueled hope for a smoother reopening, sending shares of airlines and cruise line operators soaring.

The DOW rose 203.72 points or +0.56%, to close at 36,327.95. The S&P 500 gained +0.374% to 4,697.53 for its seventh straight positive day, and the NASDAQ edged up +0.20% to 15,971.59. All three major averages reached their respective record-closing highs.

All three major indexes posted their fifth positive week in a row and finished solidly higher for the month. On a weekly level, the DOW gained +1.42%, the S&P 500 +2.00%, and the NASDAQ rounded out the week up +3.05%. Continue reading "Indexes Set Records On Strong Jobs Report" →

The stock market set another round of record closes on Friday as Wall Street looked past disappointing results from major companies to notch its best month of the year.

The S&P 500 rose +0.19% to close at 4,605.38, and the DOW added 89 points or +0.25% to end at 35,819.56. The NASDAQ rose +0.33% to close at 15,498.39. All three of those closes are record highs, and the S&P 500 and NASDAQ had their best months since November of 2020.

All three major indexes posted their fourth positive week in a row and finished solidly higher for the month. On a weekly level, the DOW gained +.40%, the S&P 500 +1.33%, and the NASDAQ rounded out the week up +2.71%. Continue reading "Stocks Notch Best Month Of The Year" →

All three of the major averages finished the week higher, marking three straight weeks of gains, with the DOW being the only one to post a daily gain on Friday, hitting a record close. The DOW was able to post a weekly gain of +1.08%, while the S&P 500 gained +1.64% and the NASDAQ gained +1.29%, triggering a new green weekly Trade Triangle, indicating it's now in a strong uptrend.

The DOW climbed 74 points or +0.21%, hitting a record close of 35,677.02, its first since August 16. The S&P 500 fell -0.11% to close at 4,544.90 a day after closing at a record, and the NASDAQ shed -0.82% to the week at 15,090.20.

On a monthly level, the S&P and DOW are up about +5%, while the NASDAQ is up +4%.

This week's other big news is Bitcoin and, more specifically, the forest Bitcoin-related ETF that started trading this week.

Bitcoin rose to an all-time high of $67,016.50 as the ProShares Bitcoin Strategy ETF (BITO), the first bitcoin-related exchange-traded fund to trade in the U.S., made its debut on Tuesday.

BITO ended the trading day up 4.65% at near $41.80 per share. As of 4:02 p.m. ET, shortly after the close of U.S. stock markets on Monday, the ETFs trading volume had reached 23.9 million shares, worth more than $1 billion based on the closing price, ranking the investment vehicle as one of the top ETF launches in history.

Key Levels To Watch Next Week:

• S&P 500 (CME:SP500): 4,278.94
• Dow (INDEX:DJI): 33,821.58
• NASDAQ (NASDAQ:COMP): 14,181.69
• U.S. Dollar (ICE:DX): 93.50
• Gold (NYMEX:GC.Z21): 1,781.70
• Crude Oil (NYMEX:CL.Z21): 84.22
• Bitcoin (BITCOIN:BITSTAMPUSD): 46,900.00

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

Earnings season is off to a better-than-expected start for the third-quarter earnings reports, which in turn gave the DOW a boost to achieve its best weekly performance since June. Friday's move higher was strong enough to trigger a new green weekly Trade Triangle for the DOW, pushing the Chart Analysis Score to +100, indicating that the DOW is now in a strong uptrend. Friday's move also propelled the S&P 500 higher, triggering a new green weekly Trade Triangle, leaving the NASDAQ as the only index of the three in a sidelines position.

The DOW gained 382.20 points or +1.09% to close at 35,294.76. The S&P 500 added +0.75% to end the day at 4,471.37, and the NASDAQ rose +0.50% to finish at 14,897.34.

The three major indexes closed the week higher and are positive on the month. The DOW had a weekly gain of +1.58%, the S&P 500 +1.82%, and the NASDAQ outperformed with a weekly gain of +2.18%. Continue reading "Strong Start To Earnings Season Boosts Stocks" →

I don't know about you, but I'm glad that September and the third quarter of 2021 are over! I'm ready to head into the fourth quarter with a fresh mindset, and hopefully, the market is too.

On the final day of September trading, the DOW dropped 546.80 points or -1.59%, to close at 33,843.92. The S&P 500 was down -1.19% to 4,307.54, while the NASDAQ fell -0.4% to 14,448.58.

Overall, September was a rough month for equities, with inflation fears, rates rising, and concerns about Chinese property putting pressure on the market. The S&P 500 finished the month down -4.8% for its worst month since March 2020, when the pandemic caused a major market sell-off. In addition, the NASDAQ fell -5.3% for its worst month since March 2020, while the DOW dropped -4.3% for its worst month in 2021. Continue reading "On To The Fourth Quarter Of 2021" →