STTG Market Recap November 26, 2014 – Stock Trading To Go

Entering the week we noted holiday weeks are generally known for quiet, low volatility sessions with a modest upward skew – and that is exactly what we have seen this week.  The S&P 500 gained 0.28% and the NASDAQ 0.61% as buyers slowly came into the market all day.   Orders for U.S. business equipment such as machinery and electrical gear unexpectedly declined in October.

Here are the longer term index charts – all systems remain on go.

One point of interest is bonds have been weak the past few sessions.  The yield on 10 year Treasuries has suddenly dropped back below that key 2.30% level.

Facebook (FB) popped its head out of a range it has been stuck in for the past month.  One could buy a stock like this on this type of breakout with a tight stop loss on any close below the top of this range in yellow.

Shares of Hewlett-Packard (HPQ) rose despite the computer maker reporting fourth-quarter sales below expectations.  Investors are looking for the company to break up to unlock some value.

Deere & Co (DE) declined as the farm-equipment maker projected 2015 profit below estimates due to a drop in equipment sales as farmers scale back on spending on the heels of falling commodity prices. However, earnings and revenue for last quarter surpassed expectations.

It was a very strong day in the semiconductor sector as shown by the ETF (SMH) for the group.

Fun fact – the S&P 500 has advanced each December for the past six years.

Have a great Thanksgiving and remember the market closes at 1 PM on Friday.

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STTG Market Recap November 26, 2014 – Stock Trading To Go