Market action today looks like a pause in the selling. The DJIA was up 125 points and the SPX up 9 points. Biotechs got hurt today in some serious selling. In tonight’s video (below) I look at both the IBB and XBI ETFs.
I also review the trade ideas. NFLX trade idea opened today and there are 4 new trade ideas on IBM, KORS, SCTY and WFM. Continue reading
In this free video I walk you through a trade idea on Solar City. Riding the wave for a nice profit in 3 days.
The market continues the coiling process of the last couple of weeks after the big breakdown in August. The DJIA was up 77 points today but the Hi-Lo indicator continues to read negative. I talk about my expectations in tonight’s video.
Stocks tonight are LULU, CAT, SCTY, TWTR and UAL. LULU got smashed today, down 16.4%. As a result our trade idea had a nice profit. Continue reading
All the indices were up at the beginning of the session but started to fade and went negative after about 2 hours. So after the S&P500 was up 19 points, it ended down 27 points for the day. This looks like and acts like a reversal day but we’ll need to see follow-thru.
In the video below I go into detail about today’s action and look at the German DAX and China Shanghai Composite Index also. Stocks reviewed tonight include AAL, ADBE, LULU, GPRO, SCTY, TWTR and CAT. Continue reading
The DJIA was up 293 points today as volatility continues to ripple thru the global markets. Several of the global markets have made efforts at retesting the August 24-25 low but so far the U.S. markets haven’t. I review several of the global markets along with our market in tonight’s Weekday Market Wrap video. I also review the two big percentage gainers of the 56 stocks I am closely watching. Continue reading
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