Tag Archives for " Shanghai Composite "

0 Retail Sales Bring Back the Bears

It started in China again last night as they reported lower than expected inflation. Then U.S. retail sales were below expectations. Then Wal-Mart dramatically cut its future earnings forecast and whoosh…the stock was down 10% on its heaviest trading day since January 2009 and its lowest close since May 16, 2012.

In tonight’s Weekday Market Wrap video I look at all of today’s action and check in on Germany and China. Gold continues to push higher. Three new trade ideas tonight on Celgene (CELG), Lululemon Athletica (LULU) and Tesoro (TSO).  Continue reading

0 What is the TRIN Telling Us Now?

Volatility continues in the stock market as all the indices had a big bounce today. The DJIA was up 235 points and the Nasdaq up 102 points.  This move led to another low reading on the TRIN and I talk about this in tonight’s Weekday Market Wrap video. Also tonight I look at the German DAX, Shanghai Composite and the Hang Seng index.  Continue reading

0 China Continues to Weigh

China’s PMI Manufacturing reading came out overnight and was the lowest reading since March 2009.  So the world’s 2nd largest economy is struggling and that is weighing on the global economy, commodities and markets.

In today’s Weekday Market Wrap video we check in on the German DAX, Shanghai Composite Index and the Hang Seng Index.  Yesterday the DAX closed below the August 24th sell-off close. The U.S. indices haven’t done that yet.  Continue reading

0 A Little Pressure Release

The market was getting very compressed, as I discussed yesterday. Today some of that pressure got released. But I don’t think this a lot for bulls to celebrate.

Patterns haven’t changed. The market is still fighting some strong downward momentum. And the S&P 500 is in a solid resistance zone.

Also China’s Shanghai Composite Index took another hit. I go into all this in the video below where I also look at FEYE and TWTR. Continue reading

0 Reversal Day

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