Tag Archives for " Nasdaq "

0 Joy in Mudville

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

0 Has the Reversal Down Started?

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

0 Deja Vu

The stock market practically did a repeat of yesterday in that it only moved fractionally, with the trading range also similar to yesterday. But today all indices were down. So as Yoggi Berra said, “It’s like deja vu all over again.”

In tonight’s Weekday Market Wrap video I look at the Nasdaq Biotech ETF, (IBB) which got hit pretty good and I also look at Apple (AAPL) and Tesla (TSLA). 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 Overhead Supply

The stock market in the United States and markets around the globe have all had a good October…so far.  But when you look at the S&P 500 (SPX) chart you clearly see that it is very close to hitting a huge wall of overhead supply.

Yes we’ve had some huge bounces since the lightning bolt struck in August but that is what you get after a move like that. In today’s Weekend Market Analysis video I look at all the action. This weekend I introduce a new tool to review a variety of ETFs quickly. Continue reading