November 3rd 2011 Stock Market Recap
For those seeking a clear, to the point summary of the European crisis at this very moment should look no further than this excerpt from Michael Krieger (hat tip ZeroHedge):
"Nothing has changed and absolutely nothing has been accomplished..."
Original Post: November 3rd 2011 Stock Market Recap
November 2nd 2011 Stock Market Recap
Nothing major for the market today as Greece remains in focus with its lack of support for the latest band-aid which includes a 50% haircut to bond holders. Mastercard (MA) beat earnings and jumped 7% to close at fresh 52-week highs but that's about the extent of the excitement. Volume was light across the board.
Original...
October 31st 2011 Market Recap
The market retraced some of its steps today as questions surrounding Europe's plan began to unravel.
The S&P 500 lead the declines with a -2.47% showing. Volume was lighter across the board.
Original Post: October 31st 2011 Market Recap
October 27th 2011 Market Recap + 26 Stocks to Watch
A massive session for the market as Europe has come to an preemptive agreement to patch its crisis for atleast another year. This coupled with unexpected GDP growth reported here in the US propelled the markets higher. Both the S&P 500 and NASDAQ closed up over 3% on big volume.
Original Post: October 27th 2011...
October 26th 2011 Stock Market Recap
With Europe hogging all the headlines today the market started shaky but rebounded late to end in the black. A lot of this upside movement seems to be all due to speculation that Europe is going to be finalizing a big 1 yr+ band-aid here soon. We'll see if the speculators are right.
Original Post:
October 25th 2011 Stock Market Recap with Amazon Miss
Tonight I have another earnings disappointment to highlight, and this one is from internet juggernaut Amazon (AMZN). Read the report but bottom line the stock is down over 12% after hours.
Original Post: October 25th 2011 Stock Market Recap with Amazon Miss
October 24th 2011 Market Recap + Netflix Disaster
Unlike Netflix, the market had another nice follow up session, climbing higher with the NASDAQ closing above its 200 MA for the first time since August 1st. The market may very well be climbing higher off stronger speculation that Europe with finalize its latest creative band-aid to delay the inevitable for another 1-2 years.
Original...
October 20th 2011 Market Recap with TSCO Breakout and GOOG Analysis
Earnings season continues on and despite misses from multiple big names the market is holding up relatively well. Coming to its aid is a now uptrending 50 day moving average and calming overbought readings. Every day the S&P 500 sticks above 1200 it only opens the door for another break higher.
Original Post: October 20th...
October 18th 2011 Stock Market Recap
The market was trending sideways until some fresh European bailout news came through the wire and stirred a late afternoon rally. Unfortunately it is nothing close to an actual fix.
Volume rose across the board and the market looks poised to move up from here, however with Apple missing earnings after hours caution should be...
October 17th 2011 Stock Market Recap + Key Earnings
The market finally started to cool off as worries came hot off the press that Germany was still hesitant about bailing our Europe. Don't let that fool you though as the primary reason for the selling; we were way overbought heading into today.
While the NASDAQ successfully marked higher highs last Friday, the S&P 500 did...
October 12th 2011 Market Recap
Even with the negative earnings report from Alcoa (AA) the market had another positive session today, pushing the indices to the upper limits of their recent ranges.
A market moving up despite the overbought readings is bullish. The lower volume is a concern but it has not stopped the market from moving higher before.
Original Post:
Follow seriouslyfinace on Twitter!
