A bit of a change in pattern today as indexes opened up quite strongly but some selling hit the market later in the day. The S&P 500 ended up with a gain of 0.05% and the NASDAQ 0.11%. The big story of the day was another implosion in the price of oil. Retail stocks were also in the news.Indexes continue […]
It sounds repetitive but Wednesday was yet another day with some morning pressure which led to dip buyers showing up later in the session; this is what you want to see in a bull market. The S&P 500 fell 0.07% while the NASDAQ gained 0.31%. There has been very little news in the U.S. this week but European indexes were […]
Tuesday was a quiet calm session as indexes hung out around flat almost the entire session as we continue to see digestion of the large gains seen over the past few weeks. With the overbought conditions in place it is difficult to see a straight up move from here without a little more time. The S&P 500 gained 0.07% and […]
We continue to see bull market action as a quiet morning led to dip buyers emerging in the afternoon again. The S&P 500 gained 0.31% and the NASDAQ 0.41%. there was little in the way of news – this is just a classic melt up.The NASDAQ has been consolidating for a week and a half after a big surge. Meanwhile, […]
Financial MarketsChina stocks surged and led the most of Asian shares higher on Monday, after regulators announced a long-awaited stock trading link between Hong Kong and Shanghai will start next week. The Shanghai Composite Index advanced 2.3% to the highest level since November 15, 2011, while the Hang Seng Index gained 0.8%. The so-called Stock Connect trading scheme will allow […]
Much like yesterday some early morning red numbers led to dip buyers coming in to buy as we had an unusually quiet employment report day. Usually there is much more volatility off the jobs data – Friday the S&P 500 gained 0.03% and the NASDAQ dropped 0.13%. The Labor Department reported payrolls increased by 214,000 last month, less than the […]
Antero Midstream IPO Hauls in $1B, Stock Trading HighAmidst the flurry of news about third quarter updates, we almost overlooked one important piece of news about Marcellus/Utica driller Antero Resources. As you may recall, Antero floated an initial public offering (IPO) of stock last year hoping to raise $1.4 billion. They got $1.57 billion (see Antero’s IPO Fetches $1.57B, Company […]
Podcast: Play in new window | DownloadEpisode 42: This episode was recorded on location at Jack Spirko’s homestead. I discuss how Jack is using permaculture techniques to develop a three acre homestead- and how that relates to investing in the stock market.Subscribe to the Wealthsteading Podcast:via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058via STITCHER: http://www.stitcher.com/s?fid=53115&refid=stprHosted by John Pugliano. The Wealthsteading Podcast teaches 10 wealth building […]
Indexes gapped up on the open after a strong election day for the GOP which markets generally view as business friendly, and while the S&P 500 held its gains the NASDAQ fell back a bit. The S&P 500 gained 0.57% while the NASDAQ dropped 0.06%. We have the official government data on employment Friday but on the Wednesday before that […]
© AFP/File Philippe LopezAsian markets are mainly up after the majority of eurozone banks were given a clean bill of health by the European Central Bank, but China was hit by the postponement of a planned stock-trading connection between Hong Kong (shown here) and ShanghaiHong Kong (AFP) – Asian markets were mainly up Monday after the majority of eurozone banks […]
