Attached below is the very condensed version of what I provide to the Insider Members in their Weekend Market Analysis. If you would like much more analysis, Elliott Wave perspective and trade ideas, check out the Membership Page.
Attached below is the very condensed version of what I provide to the Insider Members in their Weekend Market Analysis. If you would like much more analysis, Elliott Wave perspective and trade ideas, check out the membership page.
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
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