The stock market barely moved today. It was extremely compressed. In fact it is the most compressed day for the SPX in months. Many times extremely compressed days like this occur at or near turning points.
In tonight’s Weekday Market Wrap video we look at the market action today and then check in on Apple (AAPL), Adobe (ADBE), Apache (APA), Boeing (BA) and Alibaba (BABA). Continue reading
The stock market pushed higher every hour today creating a solid trend day in the market and probably ran more than a few stops on the SPX. The DJIA was up 247 points today with the SPX up another 33 points and the Nasdaq up 89.
Advancing stocks led losers on the NYSE 3.3 to 1 and the volume was even more impressive with advancing volume leading declining volume by 8:1. The market has made a strong 3-day move of 3%.
In tonight’s video I look at the price action and talk about current scenarios. I also briefly check in on all trade ideas. Continue reading
The stock market put its rally hat on today as it had a bounce from oversold conditions. The DJIA was up 237 points with the SPX up 30 and the Nasdaq up 56.
The breadth on the NYSE wasn’t super strong with 2.5 advancing stocks for every one declining stock. And there were only 14 New 52 Week Highs vs 136 New 52 Week Lows on the NYSE.
In tonight’s Weekday Market Wrap video I look at today’s action and review two trade ideas entered today on Canadian Solar (CSIQ) and Apache (APA). Continue reading
In this Sunday Trade Ideas video I review the trade ideas that were entered and closed last week as well as those that are now open. These include Las Vegas Sands (LVS), Under Armour (UA), Visa (V), Alibaba (BABA), Chevron (CVX), Caterpillar (CAT) and Twitter (TWTR). There are two new trade ideas on Apache (APA) and Canadian Solar (CSIQ).
“It doesn’t matter how slowly you go as long as you don’t stop.”
– Confucius
In today’s trade ideas video I review trade ideas closed last week on Apache (APA), Chevron (CVX) and Whole Foods Market (WFM)…all of which were in the black. I then review 2 trade ideas that were entered and still open on Twitter (TWTR) and Visa (V). And last, I review a pending trade idea on Las Vegas Sands (LVS).
“Courage is resistance to fear, mastery of fear–not absense of fear.” —Mark Twain
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