year

CasinoConomy: CYNK’d To The Downside

While the plastic fantastic were busy blowing smoke up their own asses non-stop, all global markets peakedStocks are rolling over like it’s Y2KEmerging Market currencies and credit are getting shellacked like 1997Commodities are in 2008 melt-down modeAll at the same time.“No blind man saw that coming”NYSE Composite % of stocks above 200 day moving average:‘Conomy is entering a Third Wave […]

MEDIA AND BIOTECH STOCKS GET CRUSHED … – Business Insider

First, the scoreboard:Dow: 17,419.75, -120.72, (-0.69%)
S&P 500: 2,083.56, -16.28, (-0.78%)
Nasdaq: 5,056.44, -83.50, (-1.62%)
And now, the top stories on Thursday:Media stocks plunged. Viacom shares dived more than 21% after the company reported lower-than-expected ad revenues from its cable business. The stocks were shaken up by concerns about the cable industry amid the rise of pay TV. Comcast, Time Warner, and 21st Century Fox also declined […]

In July, Investors Were Guests at the Market’s “Red Wedding”

In July, Investors Were Guests at the Market’s “Red Wedding”Bysilveristhenew|PublishedAugust 2, 2015wallstreetexaminer.com / by Michael E. Lewitt / August 2, 2015This is a syndicated repost courtesy of Money Morning. To view original,click here.The simultaneous blood baths in commodities and U.S. stocks continued in July but failed to penetrate the skulls of U.S. stock investors who continue to allow themselves to be brainwashed into […]

Emergency measures fail to halt China's stock market nosedive …

An investor stands in front of an electronic board showing stock information at a brokerage house in Fuyang, Anhui province, China. Photograph: China Daily/Reuters
Chinese share prices suffered a dismal end to a dire month as promises of more emergency measures from officials in Beijing failed to stem a stock market slide that is now reverberating around the global economy.Despite policymakers’ […]

Steve Wynn criticizes China's intervention in the stock market …

REUTERS/Fred ProuserSteve Wynn.Steve Wynn wouldn’t have done that.China’s stock market has been on an epic roller-coaster ride this year.After a 150% jump in a few months, stocks quickly tanked more than 30%.In its desperate efforts to stop the crash, China’s government stepped in and suspended all initial public offerings, limited the number of trades investors could execute in a day, […]

Market overview

I’ve traded a lot and haven’t updated the journal for individual trades. For the first time this year, I find my self entirely on the short side. But like buy strength on longs, I’m selling the weakest stocks short.But first some index chartsVIX: RSI – piked up support — look for a run to the green lineBiotech: Earlier this month, […]

US Stocks: Wall St slides to end rough week on macro, earnings concerns

The S&P 500 and Nasdaq posted their largest weekly drops since March on Friday as slowing global growth dragged commodity-related stocks lower while an earnings-fueled drop in Biogen took down the biotech sector.Biogen more than halved its revenue growth forecast for 2015 and its stock lost 22 percent to close just above $300.Stocks in the energy and materials sectors weighed […]

A few big winners keep U.S. stock market afloat in 2015 – Business …

Thomson ReutersTraders work on the floor of the New York Stock Exchange shortly after the opening bell in New York(Reuters) – Amazon’s stock price surge into Friday made it the latest of a series of companies to boom following results, and its performance this year, along with a few others, has basically kept the S&P 500 above water.Data from S&P […]

An Ominous Sign From Commodities?

Martin Ritchie and Agnieszka De Sousa of Bloomberg report, Copper Poised for Worst Week Since January as Commodities Slump:
Copper traded near the lowest since 2009 as Chinese manufacturing data added to evidence that demand is slowing in the world’s biggest user of raw materials.The preliminary Purchasing Managers’ Index from Caixin Media and Markit Economics unexpectedly fell to the lowest in […]

The stock market is disappearing – Business Insider

flickr via bartolomeo perrottaThe stock market is disappearing. In an afternoon email to clients, Rich Barry at the NYSE wrote:Buyback factoid: ~20% of S&P 500 companies have reduced their share count by at least 4% year-over-year in each of the last five quarters(!!), and that appears to be continuing into Q2. As of [Tuesday] night, 92 companies in the S&P have reported […]