Tag Archives for " China "

0 China is Back

At least for one day, China is back influencing the global markets. China released data last night that showed that imports dropped substantially due to weak domestic demand. This again is stoking fears about what’s really happening in China’s economy.

The DJIA was only down 50 points today but the other indices put in more reversal type price action with the SPX down almost 14 points and the Nasdaq down 42 points, closing almost on its low for the day. Biotech got hit hard again today with IBB down 3%.

In tonight’s Weekday Market Wrap video I look at all the market action including Valero (VLO), Tesoro (TSO) and Netflix (NFLX).  Continue reading

0 And the Survey Says…2011?

The markets continued their push higher today with all the indices up. The DJIA was up 122 points, the SPX was up 16 and the Nasdaq up 42. Some folks are trying to compare this selloff and bottom to that of 2011, but for a wide variety of reasons I don’t think that will play out. 

We are at a whole different stage of the game now. And as I discussed weeks ago, some of the indicator readings we got, were not only more severe than 2011, they were as severe as the fall of 2008. Now nothing goes down in a straight line and that is what we are now dealing with.  In tonight’s Weekday Market Wrap video I look at the market action and at IBM, FB and AAPL. Continue reading

0 What is the TRIN Telling Us Now?

Volatility continues in the stock market as all the indices had a big bounce today. The DJIA was up 235 points and the Nasdaq up 102 points.  This move led to another low reading on the TRIN and I talk about this in tonight’s Weekday Market Wrap video. Also tonight I look at the German DAX, Shanghai Composite and the Hang Seng index.  Continue reading

0 China Continues to Weigh

China’s PMI Manufacturing reading came out overnight and was the lowest reading since March 2009.  So the world’s 2nd largest economy is struggling and that is weighing on the global economy, commodities and markets.

In today’s Weekday Market Wrap video we check in on the German DAX, Shanghai Composite Index and the Hang Seng Index.  Yesterday the DAX closed below the August 24th sell-off close. The U.S. indices haven’t done that yet.  Continue reading

0 A Little Pressure Release

The market was getting very compressed, as I discussed yesterday. Today some of that pressure got released. But I don’t think this a lot for bulls to celebrate.

Patterns haven’t changed. The market is still fighting some strong downward momentum. And the S&P 500 is in a solid resistance zone.

Also China’s Shanghai Composite Index took another hit. I go into all this in the video below where I also look at FEYE and TWTR. Continue reading