Small Caps Lead But Nasdaq Almost Completes A Nasty Round Trip.
January 23, 2007 | Leave a Comment
Stocks were looking very strong today until an afternoon selloff wiped away almost all of the gains. The sell-off started after news that President Bush stated that he would try to double the Strategic Petroleum Reserve as a hedge to supply disruptions. I interpret this to mean that a conflict with Iran will mean a disruption in supply. However, by the close all indexes escaped with positive closes. Read more
Nasdaq Suffers A Distribution Day, As Stocks Fall Across The Board; Big Caps Hold Ground.
January 18, 2007 | Leave a Comment
Stocks suffered a rough day, on Wednesday, as INTC’s pricing battle against AMD weighed heavily on the Nasdaq, with INTC selling off. A weak Fed beige book report and a stronger than expected PPI, more than likely, did not help either.
At the close, the Nasdaq led the way on the downside, falling .75%, the SP 600 and the SP 500 fell .1%, and the DJIA fell .05%. Today, unlike yesterday, the IBD 100 and leading stocks led to the downside, falling .8%. The IBD 85-85 fell .6%. Read more
Happy New Year!; Markets Produce A Distribution Day On The Last Trading Day Of 2006.
December 30, 2006 | Leave a Comment
Happy New Year!; Markets Produce A Distribution Day On The Last Trading Day Of 2006.
THIS IS THE VERY LAST FREE “DAILY MARKET ANALYSIS and NEW SWING LONGS/SHORTS” POST ON THIS BLOG.
On the very last trading day of the year, stocks decided to end the year on a slightly nasty note, offering distribution days across the board. There was no news catalyst on this Friday the last trading day of 2006. The only possible reason for the selling that was floating around the street was the fact that traders might not want to be long over the long weekend. My question is: wouldn’t they also not want to be short? Oh well.
MERRY CHRISTMAS EVERYONE! ! ! ! ! ! ! !
December 22, 2006 | Leave a Comment
On the last trading day before Christmas, stocks continued their recent trend of flat to positive opens that eventually lead to a consistent downtrend until the close. For the fifth day in a row on the Nasdaq and for the fourth out of five days on the SP 500, stocks fell on lower volume. The pullback, today, was blamed on the durable good numbers minus transports falling 1.1%. Talk about cherry-picking your data. Sheesh.
Low Volume Pullback Is All I Want For Christmas.
December 21, 2006 | Leave a Comment
It was another day of a strong opening turning into an ugly close. For the fourth day out of the last five days, markets opened strong or at least positive to reverse and trend lower for the rest of the day. The data point that was blamed was the Philly Fed manufacturing index. It came in below estimates and was the lowest reading since April 2003.
Small Caps Lead Market Lower; Warning Flags Rising Everywhere.
December 18, 2006 | Leave a Comment
It was another merger filled Monday but this time the mergers didn’t help. Stocks started the morning very strong and then reversed with the Nasdaq and SP 600 leading to the downside. At the closing bell, when all was said and done, it was a pretty ugly day. Read more
- No New Short Positions For Monday’s Stock Market Session
- No New Long Positions For Monday’s Stock Market Session
- No New Long Positions For Friday’s Stock Market Session
- One New Short Position For Friday’s Stock Market Session
- No New Short Positions For Thursday’s Stock Market Session
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