Market Recap – Stocks Tank, Facebook (FB) Ready to Debut
The NASDAQ suffered its second largest loss of the year today and once again there was heavy volume distribution. That marks 6 of the last 11 sessions.
I feel like I am beating a dead horse, but the caution flags were waiving throughout April to take a defensive stance, raise stops, get into cash, and join...
Market Recap – Apple Falls under $550, Natural Gas Shines
Another heavy volume distribution day, this time thanks to the Fed minutes. From IBD, "The Fed minutes indicated little change in policymakers' assessments of the U.S. economic outlook, but also contained cautionary language about the so-called "fiscal cliff" facing the U.S. at year's end."
Original post: Market Recap - Apple Falls under $550, Natural Gas...
Market Recap – Fresh Looks and Strength in Amazon (AMZN)
Europe was once again in focus today, Greece specifically, dragging down the market late afternoon. The theme here at STTG the last month has been all about raising cash and maintaining a cautious outlook. This mindset will remain until Europe can either band-aid itself for another 6+ months or the US gets more stimulus.
Original post:...
Market Recap – Market Slips to Key Support, Gold Update
The rest of the world is once again in focus and causing a ripple effect here in the US markets. From today's Reuters market recap, "Stocks fell on Monday as investors dealt with the one-two punch of worsening political upheaval in the euro zone and the possibility that China's economy may be softening more than...
Market Recap – Boring Session
A fairly uneventful session today. Volume was way above average again but price action was all over the place and there was not much interesting news beside Cisco (CSCO) missing earnings and slumping 10.5%. The market can't decide what to do next and it seems it is a simple, "wait for the next headline then...
Market Recap & 19,000 Subscriber Mark Reached
Today the blog passed the 19,000 RSS Subscriber mark, only 988 more to go before 20k. :) For those not yet subscribed for free updates, go here for a list of options. Thanks for reading and supporting the site!
Mark from Market Montage today explained the current environment best (emphasis mine), "We did indeed...
Market Recap, Europe Bullying Stocks and Disney Preps for Record Highs
After shaking off Europe's weekend drama yesterday, one couldn't help but think "no big deal". However, today Europe was once again a big deal and fresh fears (alongside Europe's major indices selling off) caused the US market to gap down at the opening bell and run heavily to the downside.
Almost like clockwork though, once the...
Market Recap – Bears are Back in Control
Last week Thursday I noted that the market looked shaky. Friday's employment numbers missed which spurred a massive distribution day sell off. Then over the weekend elections in France and Greece sparked fresh uncertainty, driving futures lower heading into today. By the open though the indices only started trading with a small downside gap which...
Full Market Recap – A Shaky Future and AAPL, SAVE, LNKD Analysis
And the market continues to take investors on quite a ride. Last week we saw the NASDAQ gap below key support and then midweek jump back to the upside, finishing the week higher. This week we saw higher highs reversed and now today a heavy volume distribution close back below the 50 MA. What gives?...
Market Recap – Home Builders, Sell in May Refuted, GMCR Tanks
More whipsawing today as the market gapped to the downside and then reversed and closed back in the black. The NASDAQ found support at its 50 MA and overall we are pretty much flat on the week despite the intraday swings.
Original post: Market Recap - Home Builders, Sell in May Refuted, GMCR Tanks
Market Recap – Europe Causes a Reversal, Herbalife Tanks Off Single Question
After a strong open thanks to positive ISM numbers, the market reversed mid afternoon reacting to post-hours trading in Europe. Volume was strong and the NASDAQ finished flat, completing a bearish reversal bar that should make tomorrow interesting. Despite this, the Dow closed above its 2007 highs (not that we care). Also, the Herbalife (HLF)...
Market Recap, Bulls Favored to Start the Week
A slight pull back today from the markets on lower volume is nothing major. Bulls remain in favor heading into the week. Otherwise not much to report besides some Monster (MNST) drama with Coke (KO) rumored to be considering a buyout. The stock ran up to $84 from $65.50 and closed back down at $65...
