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Daily Market Commentary

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  1. Stocks rally into Friday's Jobs Report

    Stocks followed through on Wednesday's positive reversal day by tacking on another day of solid gains on Thursday. The Dow led the way with a gain of 241-points, or about 1%. The broader indices were up solidly, but but not to the extent as the Dow.
  2. Huge swings continue as trade wars unfold

    Stocks opened sharply lower yesterday on more Trade War concerns as China is starting to push back. The Dow was down 500-points at the lows, but investors ended up being unfazed and turned the big loss into a lofty gain. The Dow closed up 231-point or nearly after trading in a nearly 800-point range on the day.

  3. Turnaround Tuesday strikes again... but can it hold?

    Stocks rallied sharply yesterday after Monday's big sell-off as the market tried hard to take advantage of Turn-around Tuesday, but was it enough to give the "all's clear?" The Dow gained a solid 389-points but that didn't quite recapture all of Monday's losses so at this point we still see the indices chopping up and own near the recent lows.
  4. Post holiday sell-off flirting with Feb. lows

    The market pulled an April Fool's prank on us by rallying strongly leading up to the the new month, then tanking once everyone felt a little more comfortable. The Dow lost 459-points on the day, and it was a deep sea of red for all of the indices. If there was a bright side, the Dow closed about 300-points above its low, and the S&P, which lost 59-points on the day, closed about 28-points off its intraday low.
  5. Bearish charts vs. the successful (so far) February lows test

    Stocks ended the holiday shortened week last week with a solid rally, but a sharp, late profit taking sell-off near the close took the Dow off its 450-point highs of the day, to close up 255-points. There was some end of the quarter window dressing involved there for sure, but also some nerves heading into the long weekend may have made some of the bulls nervous. All in all, it was a good day for the stock market, which needed some relief.
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