Category: Trading Videos

Stocks ended the week and the month of April with a thud on Friday as traders took profits amid a flurry of better-than-expected earnings results from the biggest names in the market. The S&P 500 fell -0.7% to 4,181.17, while the DOW shed -.54% or 185.51 points to close at 33,874.85, and the NASDAQ dropped -0.9% to 13,962.68.

On a weekly level, the S&P 500 was able to eke out a gain of +.02% marking 3 out of 4 positive weeks in April. The DOW and NASDAQ didn't fare well, both losing -.50% and -.39%, respectively.

While that may be disappointing, the bigger picture tells a different story. If you look at the monthly charts, The S&P 500 gained +5.24% while the DOW rose about +2.7% this month, and the NASDAQ gained +5.4% in April.

Key Levels To Watch Next Week:

Continue reading "Stocks End Week With A Thud" →

The stock market rebounded Friday after what was a volatile week for the market. Why all the volatility? It came from multiple news reports Thursday afternoon that President Joe Biden is slated to propose much higher capital gains taxes for the rich. That news sent stocks plummeting, with the DOW falling as much as 460 points before finally closing down 321 points on the day.

However, on Friday the DOW gained 227.59 points or +0.7%, to 34,043.49. The S&P 500 rose +1.1% to 4,180.17, while the NASDAQ climbed +1.4% to 14,016.81.

On a weekly level, the S&P 500 closed the volatile week with just a -0.1% loss, while the DOW and the NASDAQ fell -0.5% and -0.3% for the week, respectively.

The other big story for the week is Bitcoin's sudden sell-off; now, whether that was due to the news of the proposed capital tax increase or just profit-taking is up for debate, the cryptocurrency fell over -13% this week, hitting a new 3 week low of 47,555.00. However, the Trade Triangles got out of the trade issuing a new red weekly Trade Triangle at 54,677.51 early in the week, signaling a move to the sidelines.

Key Levels To Watch Next Week:

Continue reading "Stock Market Rallies To End Volatile Week" →

The U.S. stock market climbed to record levels and closed out Friday trading at their session highs, with Wall Street wrapping up the week with solid gains amid rising optimism that a full reopening is right around the corner.

The DOW rose fell just short of a +300 point day, gaining 297.03 points or +.89% to 33,800.60, notching a record closing high. The S&P 500 gained +0.8% to 4,128.80, hitting its third straight record close, and the NASDAQ edged up +0.5% to close at 13,900.19.

On a weekly level, the DOW and the S&P 500 posted gains for the week, up +1.9%% and +.2.7%, respectively. The NASDAQ finally joined the party, gaining +3% on the week, issuing a new green weekly Trade Triangle indicating that it's now back in a long-term uptrend with a Chart Analysis Score of +100.

Key Levels To Watch Next Week:

Continue reading "DOW Makes Record Run Late Friday" →

The S&P 500 crossed $4,000 for the first time in its history on Thursday, rising +1.2% to a fresh record close of 4,019.87 as Wall Street built on a solid March following the rollout of President Joe Biden's infrastructure plan. The DOW climbed 171.66 points or +0.5%, to 33,153.21, and the NASDAQ jumped +1.8% to 13,480.11.

On a weekly level, the DOW and the S&P 500 posted gains for the week, up +1.1% and +.24%, respectively. The NASDAQ fell +2.60% on the week. However, the market rally has slowed down in recent weeks as rising interest rates, and valuation concerns hit tech names. Continue reading "S&P 500 Hits Record Close" →

Stocks soared on Friday, finishing the volatile week on a high note, having their best day in more than two weeks.

The DOW closed 453.40 points higher or +1.4%, to 33,072.88. The S&P 500 rose +1.7% to 3,974.54, hitting a record closing high, and the NASDAQ erased a -0.8% loss to end the session +1.2% higher to 13,138.72. All three indexes rallied to their session highs into the close.

On a weekly level, the DOW and the S&P 500 posted gains for the week, up +1.4% and +1.6%, respectively. The NASDAQ fell -0.6% on the week. However, the market rally has slowed down in recent weeks as rising interest rates and valuation concerns hit big tech stocks. Continue reading "Stocks Finish Volatile Week On High Note" →