Tag Archives for " S&P 500 Index "

0 China is Back

At least for one day, China is back influencing the global markets. China released data last night that showed that imports dropped substantially due to weak domestic demand. This again is stoking fears about what’s really happening in China’s economy.

The DJIA was only down 50 points today but the other indices put in more reversal type price action with the SPX down almost 14 points and the Nasdaq down 42 points, closing almost on its low for the day. Biotech got hit hard again today with IBB down 3%.

In tonight’s Weekday Market Wrap video I look at all the market action including Valero (VLO), Tesoro (TSO) and Netflix (NFLX).  Continue reading

0 Stock Market Tightens

The stock market got even more compressed today on a fairly quiet holiday session. The DJIA was up 47 points with the SPX up 2.5 and the Nasdaq up 8. The stock market has had a very good run to the upside over the last 9 sessions but is now very overbought. Two trade ideas entered today on Goldman Sachs (GS) and Gilead Sciences (GILD) and I touch on these in today’s Weekday Market Wrap video. Continue reading

0 Extremely Compressed

The stock market finished off its big rally week with an extremely compressed trading range on Friday. All the indices were showing this compression. In today’s Weekend Market Analysis video I talk about what this type of action might mean and when was the last time we were this extremely compressed.  You might be surprised. Continue reading

0 Bears About to Wake Up?

The market continued its upward push with the DJIA up another 138 points and all the other indices up also.  The SPX has now retraced about 55% of the entire move down from the all-time high in May.  In tonight’s Weekday Market Wrap video I look at what our indicators are now telling us. Maybe the bears are about to wake up from their nap. Also tonight I look at 3 trade ideas on AAPL, FB and GILD. Continue reading

0 And the Survey Says…2011?

The markets continued their push higher today with all the indices up. The DJIA was up 122 points, the SPX was up 16 and the Nasdaq up 42. Some folks are trying to compare this selloff and bottom to that of 2011, but for a wide variety of reasons I don’t think that will play out. 

We are at a whole different stage of the game now. And as I discussed weeks ago, some of the indicator readings we got, were not only more severe than 2011, they were as severe as the fall of 2008. Now nothing goes down in a straight line and that is what we are now dealing with.  In tonight’s Weekday Market Wrap video I look at the market action and at IBM, FB and AAPL. Continue reading