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
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.”
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Selling intensified on the stock market today with declining volume outnumbering advancing by an 8:1 margin on the NYSE. The DJIA was down 254 points with the SPX down 29 and the Nasdaq down 62 points.
Commodities pressured stocks as oil dropped below $42/barrel for WTI, gold dropped and copper broke to lows last seen in early 2009. In tonight’s video I look at all three commodities and then review two trade ideas entered today on Caterpillar (CAT) and Chevron (CVX). Continue reading
All the indices were down today with the DJIA down 56, the SPX down 6.7 and the Nasdaq down 16 points. It was not a super strong selling day but the SPX has now closed 3 days in a row below the 10ema as selling pressure resumed today.
Tonight I review all the current trade ideas including one entered today on Alibaba (BABA). I also talk about a new trade idea on Chevron (CVX). Continue reading
There was a pause in the action today as the stock markets traded in a much narrower range and were a little mixed. The DJIA, SPX and NYA were all up just slightly but the Nasdaq and RUT were down. All eyes on China tonight as two key economic reports are released.
In tonight’s Weekday Market Wrap video I look at today’s price action and two trade ideas…Under Armour (UA) and Visa (V). I then review two new trade ideas on Alibaba (BABA) and Caterpillar (CAT). Continue reading
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