Tag Archives for " FEYE "
The market was down again today with the DJIA down 78.6 points and the SPX down 6.5 points. The DJIA was down about 250 points at one point this morning but clawed its way back. One interesting development is the move up in gold.
In tonight’s Weekday Market Wrap video I look at the overall corrective waves of GLD from both a weekly and daily view. Also tonight I look at 4 trade idea stocks that hit their second targets today, CAT, FEYE, BABA and SCTY. CAT announced layoffs and revised down their revenue forecast. Continue reading
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
The new Trade Ideas Video is posted below. In this video I review the trade idea that was closed on LUV, two that were opened on FEYE, BABA and one that is open on CAT. Two new trade ideas on NFLX and SNDX are also discussed. Continue reading
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
The stock market is waiting on the Fed this week and China continues to produce weaker than expected economic numbers. This combination led to a down day on Wall Street and the most compressed day of the last 18 trading days.
The last time the market was tighter than today was August 18. That was the first day of a 6-day downdraft in the market. In the video below I review today’s action and look at trade ideas on LVS, FEYE, WFM and GS. Continue reading
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