Microsoft (MSFT)

Technical Outlook: For a second straight trading session, the markets will gap down due to the Chinese devaluing their currency.  Stocks like Apple (AAPL) who do a large amount of business in China will be most affected by this.  SPX also is looking at a gap down and below the 200-day moving average, which has

Technical Outlook: Strong bounce yesterday that allowed SPX to recapture all of the major moving averages (5, 10, 20, 50).  However, China chose to devalue its currency last night and it has had a major ripple effect throughout global markets, as a large majority of yesterday’s market gains will be wiped out at the open. 

Technical Outlook: Very intriguing trading session on Friday where the dip-buyers came in just at the nick-of-time to preserve the ever-so-slightly bullish dispositions of the charts.  The 200-day moving average, despite breaking intraday rallied to close above the MA at the end of day.  The trend-line off of the July lows managed to hold by

Technical Outlook: Today’s market will be guided by the jobs report and how that will affect the decision making of the Fed regarding interest rate hikes at the September meeting.  Strong move out of SPX to the downside yesterday had SPX test the rising trend-line off of the July lows and marking the fourth down

Technical Outlook: SPX gave back much of its gains from the day yesterday providing a weak showing against what could have been a very strong day for the market.  This is starting to become a regular phenomenon where the market is off to a nice start, the bears come in during the east coast lunch

Technical Outlook: SPX down yesterday in sympathy with the negative earnings reactions in AAPL and MSFT. However, the indices did a respectful job of recovering some of the day’s losses.  Sets up today for the dip buyers and whether they will by this rather light pullback the past three trading sessions after previously failing to

Technical Outlook: Sharp reaction to another test yesterday of the all-time highs that saw SPX sell-off and dip below the 5-day moving average.  Earnings, yesterday, mainly IBM and UTX dragged the entire market lower, impacting the Dow the most.  Today, we are looking at a much more significant gap-down on the Nasdaq due to negative

Earnings were wild today.  Every one of the stocks saw significant sell-offs…. two of them, so far, have managed to recover and find its way trading in positive territory in after hours trading.  Chipotle Mexican (CMG) GoPro (GPRO)

Bears are showing signs of life today, namely due to the heavy weakness in the Dow dragging everything else down today.  If IBM and United Technologies (UTX) report better earnings the market might be making a run towards all-time highs today. But because the Dow is price weighted and not based on the market cap

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