The stock market barely moved today. It was extremely compressed. In fact it is the most compressed day for the SPX in months. Many times extremely compressed days like this occur at or near turning points.
In tonight’s Weekday Market Wrap video we look at the market action today and then check in on Apple (AAPL), Adobe (ADBE), Apache (APA), Boeing (BA) and Alibaba (BABA). Continue reading
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
The stock market ended the day little changed after pushing higher in the morning. The results were a mixed bag with DJIA and Nasdaq both up just slightly and the other indices down a few points.
The bounce in the market yesterday extended into the morning today but ran out of steam during the 3rd hour of trading. The afternoon had the market digesting news of terror activity in Germany. A stadium was evacuated after an ambulance was found packed with explosives. At least that was the initial report.
There was also news hitting the wire that a passenger tried to get into the cockpit of a British Airways flight from London to Boston. So the market was on edge, digesting these news reports.
In tonight’s video I look at the market action and check the 3 stocks that had the biggest percentages losses (of my list) today…SolarCity (SCTY), Canadian Solar(CSIQ) and Under Armour (UA). Continue reading
The stock market put its rally hat on today as it had a bounce from oversold conditions. The DJIA was up 237 points with the SPX up 30 and the Nasdaq up 56.
The breadth on the NYSE wasn’t super strong with 2.5 advancing stocks for every one declining stock. And there were only 14 New 52 Week Highs vs 136 New 52 Week Lows on the NYSE.
In tonight’s Weekday Market Wrap video I look at today’s action and review two trade ideas entered today on Canadian Solar (CSIQ) and Apache (APA). Continue reading
Selling continues on Friday with the DJIA down 200, the SPX down 23 and the Nasdaq down 77 points. Almost all the indices closed the day and the week either on their lows or just fractionally off the lows. It doesn’t paint a pretty picture for Monday.
The stock market decline was the largest of the last 12 weeks. The last week to drop this much or more was the week ending August 21. That Friday was followed by the huge wave of selling on Monday August 24th.
In today’s video I talk about the “line in the sand” that, if crossed, confirms my Elliott Wave count. And when that happens we will be moving to new lows below 1867 on the SPX. So as I said in my post/video on October 31, “fasten your seatbelts”. Continue reading
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