I thought the jobs number this morning would have caused a little bit more heavy trading, but so far, the job’s report has been a non-issue. There was an earlier attempt by the bulls to break out of a weak resistance level, but so far it has been nullified. Should [...]
Markets are in rally mode heading into the open. Asian markets saw modest gains (roughly 1%) while European markets are flat. So far the Dow is up 59, the S&P up 8, and the NASDAQ up 12. We’ll see if that holds at 8:30 when the Jobless Claims report comes [...]
It’s getting nasty out there and so far the bulls have yet to throw a counter-punch. As it currently stand the markets are down a little over 2% across the board. My new positions of GE, RGLD, and CF are working out nicely as are my exhisting positions in BBT [...]
Quick update using a four day chart with 15-minute candles - support that has held for a few days now is weakening. Let's watch to see if the S&P manages to close below the 1022 level.
Just updated five of the ten stock screens (five are updated each week), and updated the market barometer. In regards to the market sentiment no major changes, but after today, if the selling pressure holds up, there will be changes across the board. We haven’t seen a sell-off like this in [...]
As the old saying goes, “It’s better to be lucky than Good” at times. That’s what I’ll go with on my latest swing trade in JRCC. In fact I didn’t even realize I had made the trade until I received my trade confirmation from ThinkorSwim. Though I don’t plan on [...]
Initially I wanted a position in TNH or a similar high dividend equity since at the time the markets where teetering between the possibility of breaking out, and rallying significantly, or breaking down, and selling off as part of a moderate correction. Either way, I wanted a position that would [...]
For starters on my swing trades I screen fundamentally sound companies and then concentrate on price support and resistance as the primary technical indicators. After I find something of interest I will apply some other indicators to disprove a theory, or back it up. As a rule of thumb I [...]
This weeks market action servers to prove that not everyone is on the “green shoots” wagon, and that there are investors a plenty that believe the past few months optimism based on the world economies having gone from very bad to less bad, is still a brighter view than actual [...]
This is an excerpt from Elliot Hue Published June 12 in the Personal Finance Weekly ” Green Shoots Must Bloom” describing where the markets stand today. I couldn’t have said it better myself so I won’t try. “Two basic fundamental factors have driven the 40 percent run-up in the S&P [...]
The market indices moved higher this week. The Dow Jones Industrial Index gained 3.09 percent. The S&P 500 rose 2.28 percent, while the Nasdaq finished 4.23 percent higher. So where do we go from here? There is all this chatter of “Green Shoots” coming from the mouths of the talking [...]
Rough day in the markets that went largely unnoticed today due to the inauguration of President Obama. Traditionally, inaugurations typically see a weak day in the market, and today was no disappointment, providing Wall Street with the worst market performance in inauguration history. No doubt the task before President Obama [...]
