Indexes gapped up mildly in the U.S., tried to rally a bit and failed, and then did little from there. The S&P 500 gained 0.29% and the NASDAQ 0.23%. A lot of eyes will be set on Friday’s employment data; economists forecast a 225,000 increase in April non-farm payrolls, and a one-tenth decline in the unemployment rate to 5.4 percent.. […]
Quick note from Blain: US Investing Champions Mark Minervini and David Ryan (read my review of the workshop) are doing a webinar tomorrow (Wednesday) at 4:30 PM EST. Pretty rare, in fact this is the first one they’ve ever done together. Here’s the link to sign up if you’re interested. I’ll be tuning in myself.Inflation data caused a bit of […]
Indexes had very nice action in the back half of the week and Friday’s 0.41% gain for the S&P 500 and 0.75% rally in the NASDAQ only added to that theme. Greek Prime Minister Alexis Tsipras agreed to meet with representatives from the European Union, the European Central Bank and the International Monetary Fund, ahead of Monday’s key Eurogroup meeting […]
VIDEO UPDATE: Watch tonight’s Market Report on Ticker.tvWednesday’s action was not very encouraging. Markets gapped up at the open and stayed in a small range until 2 PM, and then a heavy bout of selling kicked in. Again in bull markets we don’t want to see up opens and down closes. It looked like the market had wanted to turn […]
Watch tonight’s video market recap on my Ticker.tv channel, Mark333.Another day of selling an up open hit the market Tuesday. Yesterday we had a premarket push and that was sold off within minutes at the open. Today we had an even larger premarket rally and a big push up to begin the day, but sellers came in again mid day […]
After 7 straight up weeks, the market finally came back some this week. The havoc in the oil market continues to cause consternation. Friday indexes opened down a bit and continued to selloff as the day progressed. The S&P 500 fell 1.62% and the NASDAQ 1.16%. For the week the S&P 500 had its worst performance since May 2012 at […]
Friendly Reminder from Blain: Tonight I will be streaming live from 9:30 PM – 11:00 PM EST on http://ticker.tv/stockjunkie. Will be going through several hundred charts, running some screens, and talking about the market. I will also be streaming tomorrow morning from 8:30 AM – 10:00 AM. Join me!Indexes in the U.S. opened down as big selloffs in […]
Friday was a choppy session with little momentum as indexes have now worked off their extreme overbought conditions. The S&P 500 added 0.02% and the NASDAQ 0.18%. U.S. retail sales rose 0.5% last month when stripping out volatile elements like gasoline, autos, building materials and food services, according to the Commerce Department data released on Friday. That was the biggest […]
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 […]
