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
The Dow Jones Industrial Average (DJIA) was up 320 points today as it opened up and never looked back. All the indices were up but the Russell 2000 (RUT) acted the weakest of the key indices.
I saw a video clip with Art Cashin, of UBS, today where he talked about the news from the ECB and comments by Mario Draghi. That’s when he said there was “joy in Mudville…brought in by Mario Draghi”. I thought that summed it up pretty well. But as usual, some stocks celebrated and some didn’t.
In tonight’s Weekday Market Wrap video I look at all the price action and then check in on all our trade ideas. In addition I look at Southwest Airlines (LUV) which was +7.4% today and Under Armour (UA) which was -5.4%, both on earnings releases today. Continue reading
The market ended mixed today with the DJIA, SPX and NYA all up slightly but the Nasdaq and RUT were down. In tonight’s Weekday Market Wrap video I look at all the indicators and key ETFs.
Stocks in focus are Apple (AAPL) down 3%, Under Armour (UA) down 6.8% and Caterpillar (CAT). The CAT trade idea was closed today with a 191% profit in 13 trading days. Continue reading
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