Thursday was the first very truly rough day in a long while for the indexes but it should not have been a major surprise. If you have been reading our recaps we had been mentioning how the indexes were being held up by some big names but under the surface breadth was weakening. Further the NYSE McClellan Oscillator has been […]
Second quarter GDP gained momentum, fuelled by improved consumer spending. Real personal consumption expenditure accelerated in spring by 2.5% following a 1.2% increase in the first quarter.In addition to this, growth was boosted by a pickup in construction spending, increased business spending on equipment, a bigger buildup in inventories and slightly higher government spending.This rise in second quarter GDP was […]
Quick Note Blain: Friendly reminder, Mark Minervini’s Master Trader Workshop $1000 off special ends tomorrow night, July 31st. If you are thinking about attending Mark’s October workshop in Myrtle Beach, the discount is definitely worth taking advantage of.The Federal Reserve did nothing surprising ($10B reduction in quantitative easing a month) and a market that was sort of weak/neutral […]
There have been some reports of very weak NYSE TICK statistics and the possibility those could foreshadow a stock market crash. I’ve received several requests to update my Cumulative TICK Line for readers. This consists of the summed total of five-minute high-low-close values for NYSE TICK (upticks minus downticks for all NYSE shares). As you can see, the cumulative line […]
MomentumOptionsTrading.com Midday Update for 7/30/2014 Twitter (TWTR) Zooms on Earnings Beat/ Update on US Steel (X)/ New Trade!!!12:50pm (EST)Twitter (TWTR, $46.79, up $8.20) sent the shorts sellers of its stock running for cover as shares are surging 21% today following an earnings beat-and-raise quarter.The naysayers that say said shares were headed back to the lows $30′s or that the company’s business […]
* US stock markets finished lower for the session, as Russian sanctions trumped consumer confidence and corporate earnings.* European stock markets snapped a two session losing streak, but pared gains as the stricter Russian sanctions were announced.* Asian stock markets rose again yesterday, trading at new six years highs, with China up at seven month highs and Hong Kong in […]
US Stocks, 9 Of 10 Sectors Posted Losses On Light TradePosted by: : Paul EbelingPosted on: July 30, 2014US Stocks, 9 Of 10 Sectors Posted Losses On Light TradeIBB, RSX, XTR, AMD, BRCM, UPS, HMC, TSM, WIN, T, VZDJIA +2.0% YTD, S&P 500 +6.6% YTD, NAS 100 +6.4% YTD, Russell 2000 -1.8% YTDDJIA-70.48 at 16912.11, NAS 100 -2.21 at 4442.70, S&P 500 -8.96 at 1969.95Volume: trade was on the light […]
Stock Market Down Hard Then Reversal…..Stock-Markets / Stock Markets 2014Jul 29, 2014 – 03:06 PM GMTBy: Jack_SteimanNo one reading this article will argue that things are deteriorating technically. We also have fundamental headaches, such as we saw from the real-estate world today. But focusing on technical action, the bears certainly have made some progress. A nice gap down now in […]
Stock Trading Alert: Investors Remain Uncertain As Stock Fluctuate Near Long-Term Highs – Will The Uptrend Extend?By: Paul Rejczak | Mon, Jul 28, 2014SharePrintEmailStock Trading Alert originally published on July 28, 2014, 7:17 AM:Briefly: In our opinion, no speculative positions are justified.Our intraday outlook remains neutral, and our short-term outlook is neutral:Intraday (next 24 hours) outlook: neutralShort-term (next 1-2 weeks) […]
Indexes gapped down and stayed down all session as weakness in Amazon.com and Visa hurt morale a bit. The S&P 500 fell 0.48% and the NASDAQ 0.50%. Late in the day Goldman Sachs released a note saying they are “neutral” on equities over three months as it sees a slide in bonds leading to a temporary selloff in stocks:
The firm […]
