Tag Archives for " IBM "

0 Stock Market Land Mines

All the indices were down today with NYSE Composite and the Russell 2000 down to a greater degree than the others. The breadth of the market and the indicators are leaving me wondering if the move down has now started.  I talk about this in the video tonight.

Stock market land mines continue to go off throughout this entire rally. IBM was down 4% today on news that the SEC was investigating their revenue recognition process. IBM is now down 9.5% from its Oct. 9 countertrend closing high.

And Twitter (TWTR) reported earnings after the market closed and hit a land mine, trading down 12.3% in after hours trading.  Apple (AAPL) on the other hand was basically unchanged on their earnings, as of 5:15pm CT. Continue reading

0 Stock Market is Getting Closer

The DJIA, SPX, Nasdaq and RUT were all up slightly today but the NYSE Composite Index (NYA) was down 30 points. In tonight’s Weekday Market Wrap video I review my Elliott Wave count for the SPX and discuss the scenario that I am expecting for the stock market.

I also review the key signal that was given by the Short Term Trading Index (TRIN). Netflix (NFLX) and IBM are discussed tonight. 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 New Trade Ideas Video

The latest trade ideas video is posted below. In today’s video I review trade ideas that were closed last week on CAT, BABA, SCTY, NFLX and SNDK. I then review open trade ideas on IBM, KORS, WFM, FEYE and TWTR. Watch list is also discussed. Continue reading

0 How the Monthly Charts are Raising the Caution Flag

Photo by Flasshe

The DJIA was down 12 points today but the other indices were up slightly. Bears won the morning but the bulls won the afternoon. And at the end of the day it was another doji candle indicating indecision/pause.

In tonight’s Weekday Market Wrap video I also look at the monthly charts of all the indices.  I talk about what I am seeing in these charts.  I also talk about two trade ideas on IBM and TWTR.  Continue reading