The market was very tight today with the Dow Jones Industrial Average (DJIA) trading in a 58 point range and the S&P 500 (SPX) trading in a less than 9 point range. This is extreme compression.
In today’s Weekday Market Wrap video I also look at the SPX monthly chart to see what is setting up and what it might mean. Continue reading
In this week’s trade ideas video I review 2 trades closed last week on Apple (AAPL) and Gilead Sciences (GILD). I then review 4 open trade ideas on Whole Foods Market (WFM), Goldman Sachs (GS), Celgene (CELG) and Netflix (NFLX).
Finally 3 new trade ideas are discussed: Adobe (ADBE), Alibaba (BABA) and Costco (COST). Have a great week! Continue reading
The Dow Jones Industrial Average (DJIA) was up 320 points today as it opened up and never looked back. All the indices were up but the Russell 2000 (RUT) acted the weakest of the key indices.
I saw a video clip with Art Cashin, of UBS, today where he talked about the news from the ECB and comments by Mario Draghi. That’s when he said there was “joy in Mudville…brought in by Mario Draghi”. I thought that summed it up pretty well. But as usual, some stocks celebrated and some didn’t.
In tonight’s Weekday Market Wrap video I look at all the price action and then check in on all our trade ideas. In addition I look at Southwest Airlines (LUV) which was +7.4% today and Under Armour (UA) which was -5.4%, both on earnings releases today. Continue reading
I’ve been talking about another move down now for a while and today’s price action sure looks like a possible reversal bar on the DJIA. Of course we need continuation to confirm. The DJIA was down 48 points with the SPX down almost 12 and the Nasdaq Composite down 41.
In tonight’s Weekday Market Wrap video, in addition to our normal look at the U.S. markets, I look at the German DAX, Shanghai Composite Index and the Baltic Dry Index. Stocks tonight are Apple (AAPL), Goldman Sachs (GS), Twitter (TWTR) and Boeing (BA). I also show the disaster of the day…Valeant Pharmaceuticals (VRX). Continue reading
In this Sunday trade ideas video I review a trade idea on Michael Kors (KORS) that was closed on Friday with a 35% profit.
I then review our current trade ideas on Apple (AAPL), Whole Foods Market (WFM), Gilead Sciences (GILD), Goldman Sachs (GS) and Celgene (CELG).
One new trade idea for Monday is Netflix (NFLX). Continue reading
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