Market Recap with Look at Google Earnings and Rare Apple Divergence
Looking at the latest charts, the S&P 500 and NASDAQ both had no problems today regaining a position back above the 50 day moving average. Furthermore, both indices have now retraced all of Tuesday's fall off. However, while volume is a debatable topic, it is worth noting that today's volume was very low. A look...
Market Recap – Oversold Rebound Begins and Priceline Top?
The market rebounded today after being heavily oversold as highlighted here last night. The headlines are citing Alcoa's (AA) positive earnings as the main driver, but the reality is the market was coming off five straight down sessions in a row and gapped at the open. I'd love to see how many times in history...
Full Market Recap (6 Charts) – Earnings Season Kicks Off with Largest Losses YTD
The market had its first significant down session in quite some time, with the news outlets citing everything from China to Europe to the US debt as the primary cause. First up, a look at the intraday movement...
Original post: Full Market Recap (6 Charts) - Earnings Season Kicks Off with Largest Losses YTD
50 Random Economic Datapoints
The following comes from a collection of data tidbits assembled by Morgan Housel at Mötley Fool. They used the click-bait title, 50 Amazing Numbers About Today’s Economy — but I decided to just ignore that hyperbole and check it out anyway. Here are a few of my favorites: 50. The S&P 500 is down 3%...
April 3rd, 2012 Market Recap with FOMC Minutes and Apple Update
The market lost ground throughout the afternoon but rose into the close to finish with minimal losses. Despite mixed media reactions regarding the FOMC minutes, when Operation Twist ends in June there will most certainly be something ready to replace it. The stimulus train will roll forth.
Original post: April 3rd, 2012 Market Recap with...
10 Tuesday PM Reads
My afternoon train reads: • Lying By Omission: Mutual Funds, Track Records and Departing Managers (Reformed Broker) see also Fix Your 401(k) (SmartMoney) • Why More Stimulus Now Would Pay for Itself—Really! (Atlantic) • Johnson & Kwak: Abandoning Gold Helped Dollar Gain Preeminence (Bloomberg) • Nocera: Government’s Not Dead Yet (NYT) • TARP Fail: Bailout...
Why Tim Cook Has Given Up on Apple and its Brightest Days are Now Over
Another sizable move today (albeit on low volume) for the market after Apple announced its plans to spend $10 Billion a year on dividends and buy back $10 Billion in stock. Personally I think this is bad news for Apple. The company boasts a market cap above $500 Billion because of its products, not because...
March 15th, 2012 Market Recap, An Apple Theory, and a Wild Goldman Prediction
Despite Apple testing $600 then reversing to close down on the day - yes, I refreshed numerous times, the stock actually finished in the red - the market moved higher today after Goldman came out and said QE3 would arrive as soon as next month. Even a sniff of stimulus and the market goes nuts,...
March 14th, 2012 Market Recap, Goldman Executive Shares the Truth
Today's to-the-point market recap from Reuters, "The S&P 500 broke a five-day streak of gains on Wednesday as investors found little reason to extend a rally that took the benchmark index to four-year highs."And perhaps the most interesting is this piece from Greg Smith published in the New York Times who is leaving Goldman Sachs....
March 13th, 2012 Market Recap with a Look at Market History
Today JPMorgan Chase's (JPM) CEO Jamie Dimon shared the good news that his bank had passed the stress tests, fueling further market gains late afternoon. The bank also announced it will raise its quarterly dividend to 30 cents and buy back $12 billion worth of stock. The stock finished the day up 7%. Four of...
March 7th, 2012 Market Recap & Hello iPad 3
The market rebounded today, albeit on lower volume, as it filled yesterdays gap range then settled close to its intraday highs.Markets aside, the talk of the day was the new 3rd generation iPad, which Apple did not introduce with a formal title. So is it the iPad 3, the iPad HD, or just the New...
February 28th, 2012 Market Recap, Silver, Gas & More New Highs
Today's to the point market recap comes from Reuters, "Stocks logged a gain Tuesday despite mixed economic reports, with the Dow finishing above 13,000 for the first time since May 2008 and the S&P closing at its best level in almost four years."The up up and away train continues for the market, and many investors...
