There was a pause in the action today as the stock markets traded in a much narrower range and were a little mixed. The DJIA, SPX and NYA were all up just slightly but the Nasdaq and RUT were down. All eyes on China tonight as two key economic reports are released.
In tonight’s Weekday Market Wrap video I look at today’s price action and two trade ideas…Under Armour (UA) and Visa (V). I then review two new trade ideas on Alibaba (BABA) and Caterpillar (CAT). Continue reading
All the stock market averages were down today as selling kicked in to start the week. The DJIA was down 179 points and the SPX down 20. The volume of declining stocks on the New York Stock Exchange (NYSE) was the highest since September 28.
At one point today declining stocks outnumbered advancing stocks on the NYSE by 8:1 but by the end of the day that had narrowed to about 4:1.
In tonight’s Weekday Market Wrap video we look at today’s selling and a couple of trade ideas. A new trade idea was entered on Las Vegas Sands (LVS) and a new one on Under Armour (UA) discussed. Continue reading
In today’s Weekend Market Analysis video I look at the U.S. stock market today from both daily and weekly views. This includes all five key indices, indicators and key ETFs.
I’ve had basically the same Elliott Wave count now for the entire year. I am not changing it, as it is my primary count, but I have now created an alternate count for the stock market that I discuss in today’s video. The Elliott Wave counts are on the S&P 500 (SPX) and the Dow Jones Industrial Average (DJIA). Continue reading
The stock market paused today as it waits for the Jobs Report due out at 7:30am CT tomorrow. The consensus according to Econoday, is for 190,000 new jobs created. Oil pulled back again today and gold continued down.
In tonight’s video I look to see what the High Yield Bond ETF (HYG) is telling us. I also look at Las Vegas Sands (LVS), Transocean (RIG) and Newmont Mining (NEM). Today we closed a trade idea on Chevron (CVX) with a 77% gain in 5 trading days. Continue reading
The market pulled back on all the indices today. It’s almost as if it is teasing the bears. It has done this stair stepping process higher for several weeks now.
But there may something a little different this time and I discuss it in tonight’s video. I also briefly look at Michael Kors (KORS) which was up 8%, Mosaic (MOS) which was down 8% and Netflix (NFLX) which was up 4% today.
After the market closed, Facebook (FB) reported earnings and the stock was up about 3%. FireEye (FEYE) on the other hand was trading down 14% along with Whole Foods Market (WFM) trading down 6% in after hours trading. Continue reading
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