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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.
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.
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October 11th 2011 Market Recap – Earnings Season Kicks Off
Earnings season started today with Alcoa (AA) disappointing after the closing bell (the stock is down 5%+ after hours). I am very curious to see what the big tech companies report and if expectations moving forward overall are going to disappoint or impress.
Original Post: October 11th 2011 Market Recap – Earnings Season Kicks...
October 10th 2011 Stock Market Recap
Another day and another rally on fresh speculation that last week's speculation of a new European band-aid is possibly coming together.
Both the S&P 500 and the NASDAQ broke above their downward trendlines and their 50 MAs today. Volume continues to fall off with today's being almost non existent. Price levels to watch now for the...
October 6th 2011 Stock Market Recap
Nightly technical analysis of the major market indices.
Original Post: October 6th 2011 Stock Market Recap
Nearing 10,000 Subscribers & October 4th 2011 Market Recap
What a finish... The NASDAQ came within 1 point of fresh session lows then rallied from 2300 to 2405 in a matter of 48 minutes (+4.5%) to close today's session.
ZeroHedge posts that there was no major news that caused the spike but more so an overdue rebound and further speculation, "Our assumption is that...
October 3rd 2011 Market Recap with Apple Analysis
Without any fresh news from Europe to fuel the fire today, the markets sold off relentlessly as Q4 starts on a rough note. Volume was heavy across the board and the S&P 500 slumped in the closing minutes to end the session just under the infamous 1100 mark.
Closing under 1100 is a big psychological...
September 29th 2011 Market Recap
Another wild day of trade as a strong morning gap quickly eroded and stocks sold off throughout the day until the last 30 minutes. Retail stocks were the largest victims as big names like Tiffany (TIF) traded down over 10% midday before settling off their lows.
Original Post: September 29th 2011 Market Recap
Leading the Way?
It's been said (many times) that correlation is not causation, but I wonder if the recent rout in industrial metals -- copper futures, for example, fell more than five percent today -- is telling us something about share prices? Just...
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