On Tuesday, stocks finished higher, though they pared gains after Bloomberg report late in the session that the U.S. was considering sanctioning Chinese officials and firms over new national security efforts imposed on Hong Kong.

Despite the relatively muted moves, all three major indexes gained at least 3% this week, in part driven by optimism that coronavirus vaccines will be available later this year. Additionally, all 50 states have relaxed some of their coronavirus restrictions, stirring hopes about an economic rebound as municipalities start to reopen.

Markets initially wobbled between small gains and losses, then dropped solidly into negative territory as the afternoon progressed. Thursday’s drawback came after Labor Department data showed about 2.4 million Americans filed for unemployment benefits in the week ending May 16, extending a swift and severe deterioration in the labor market. More than 38 million Americans have filed applications since mid-March.

U.S. stocks rose Wednesday on optimism about the prospects for economic recovery in the wake of the coronavirus pandemic. All 50 states have relaxed some of their coronavirus restrictions as officials seek to revive economies battered by the pandemic, and investors are continuing to focus on any sign of hope for a vaccine.

U.S. stocks fell Tuesday as investors grew more skittish about a potential coronavirus vaccine that sparked a big rally the previous day. The declines came a day after the blue chips notched their biggest rally in more than a month, fueled by promising data on a vaccine under development at Moderna. Some of that optimism evaporated Tuesday afternoon when a report on medical-news site Stat News cast doubt on the data.

The Dow Jones Industrial Average surged more than 900 points Monday, its best day since April 6, on hopeful developments surrounding a potential coronavirus vaccine. A rebound in oil prices, a pledge of further stimulus from the head of the Federal Reserve and a gradual easing of lockdown measures also boosted sentiment. Of the 30 stocks in the blue-chip index, 29 rallied as did all 11 sectors of the S&P 500.

The purpose of the Short-term (ST) ES Model is to provide SHORT and LONG signals on ES mini futures based on the momentum indicators (2h charts). These signals can be used for the day and swing short-term trading (1-3 days) as well as serve as early warning signs of the Medium-Term (MT) Market Model potential reversals.

U.S. stocks edged higher Friday but notched weekly declines after a wide range of data this week revealed the sharp contraction in economic activity across the nation. Meanwhile, the possibility of renewed trade tensions between the U.S. and China came to the forefront, igniting concerns about relations between two of the biggest world economies at a time when the U.S. is already facing a massive downturn.

The purpose of the Short-term (ST) ES Model is to provide SHORT and LONG signals on ES mini futures based on the momentum indicators (2h charts). These signals can be used for the day and swing short-term trading (1-3 days) as well as serve as early warning signs of the Medium-Term (MT) Market Model potential reversals.