“I Love this Game!”
Golden State last week swept the Cleveland Cavaliers 4-0 in the NBA Championships, winning for the second straight year. The team did lose 24 games during the regular season but in the final stretch, proved what true winners are made of! At the end of this past week, in the American stock market it seems like we got a crystal clear picture what of what separates the winners from the losers. If there’s ever a time, now’s the time to sign up for an online day trading course.
The American stock market succeeded in recording more gains this past week, strengthening the trend which only became more and more positive. The gains last week only added to the market’s strong Q2 performance. All of the major market indexes recorded gains of over 2% in June, the Dow Jones and the small caps leading the pack with gains of over 3% on the month. From the beginning of Q2, the S&P 500 has seen beautiful gains of 5.71%, the NASDAQ soaring 9.06%. In summary for the week, the S&P 500 rose 1.68%, the NASDAQ 100 recording gains of 0.98%; and the Dow Jones shined with gains of 2.8%. Trading online courses will teach you to capitalize on all of this movement; rather than be a passive observer, be an active player.
The story this past week can be expressed in the fact that the market made short shrift of any negative assertion. The market began trading on Monday of this past week at a gap up and rallied higher over the week – despite incessant discussions in the media about trade wars, problems in emerging markets and concerns about Apple (AAPL) iPhone sales.
There are many experts who continue to tell us that President Trump has ruined the relations between the U.S. and its allies and that a trade war hurts American industries – but the market simply isn’t flinching! In effect, the market is behaving as if the discussions and negotiations about the prospect of a trade war are positive, accentuating the importance of day trading training.
One of the important developments that unfolded last week was the rotation in stocks. Money left tech stocks and was put to work in financial, retail and energy stocks. The FAANG stocks – Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX) and Google (GOOGL) fell jaggedly on Thursday, but new leadership was to be found in other sectors – and that’s what preserved that rally on the large indexes.
The approach among investors and traders at the end of last week was, “If they can’t get the market to fall, let’s see if we can capture the momentum and get in before it rises.” The thought becoming more pronounced among investors is: if the bears have proven spineless despite all of the ammunition they have on hand, what will happen when the news takes a turn for the better?! If they can’t control the tempo of trading when things are looking bad, why should we – claim the bulls – think twice before jumping in?! Like always, day trading courses online are the best way to follow the changing vibes so crucial to ongoing trends.
There are some traders who like to live on edge and this coming week, the sheer amount of news will certainly create more excitement on Wall Street: first-off, the big story of the week – and maybe the whole summer – is the historic meeting between Donald J. Trump, the President of the United States, and the supreme leader of North Korea, a man who he had disparaged as the “Little Rocket Man.” On Wednesday, the Federal Reserve is expected to hike rates for the second time this year. The Fed will announce its decision at 14:00 on Wednesday, after 2-days of discussions. After the decision is announced, a press party will be held by Fed Chair, Jerome Powell. Interest rates are expected to be hiked by 0.25% to 2%. That would be the 7th rate hike since December ’15. On Thursday, the ECB will be convening in Latvia to make what’s expected to be the most important decision there is about the future of the Euro zone’s quantitative easing program.
In Summary: The trend is positive, all negative news is being ignored and there are splendid trading opportunities for daytraders. If what we get from here on in is at all analogous to the Golden State’s Warriors victory, then all we can say is “I love this game!” Online day trading courses are at your fingertips and it couldn’t be better timing.
Have a great trading week!