Early morning rally from European markets albeit on continued economic weakness helped fuel early morning gains in US Futures. China didn’t help matters with a disappointing Flash PMI reading with the Shanghai falling 2.6%. US economic data didn’t surprise to the upside with the Markit US PMI came in at 52.0 with the expectations at [...]
Stocks Lift Higher as Volume Disappears
Posted on April 23, 2013 // Leave a Comment
Led by MSFT the NASDAQ led the market higher. Existing home sales disappointed, but the disappointment wouldn’t last very long. Buyers did not have much resistance as sellers weren’t putting up much of a fight. Volume was light even with the solid price gains. MSFT jumped on news of a large position by a big [...]
Volume Jumps and Stocks Fall Ending the Market’s Uptrend
Posted on April 18, 2013 // Leave a Comment
The NASDAQ Composite loses its 50 day moving average on heavy volume. AAPL and GOOG lead the NASDAQ 100 lower as the big cap technology closed down 1.99%. Commodities followed stocks lower with copper and other metals leading the charge lower. The Federal Reserve’s Beige book showed moderate growth due to autos and housing but [...]
Small Caps and $AAPL Move Lower as the Dow Ends Flat
Posted on April 1, 2013 // Leave a Comment
Not the best way to start off the second quarter despite the Dow Jones Industrial average closing flat on the day. European markets weren’t open due to the Easter holiday, but Asian markets were. Disappointing economic data hit the tape as the ISM Manufacturing and Markit PMI both came in much lower than expected. Led [...]
AAPL Drives Stocks Higher at the Close as Volume Slips
Posted on February 7, 2013 // Leave a Comment
The Bank of England and European Central Bank kicked off the day with holding their rates steady. Neither rate announcement spurred much movement the reaction by the EURO certainly kicked off selling in the US markets sending the US markets to their lows of the session. Selling intensified throughout the morning as the EURUSD dove. [...]
S&P 500 Hits another High as Crude Oil Nears $100
Posted on January 29, 2013 // Leave a Comment
Once again buyers support the market at the lows. It has been the trend as of late to find buyers as the market appears to be in free fall. Positive data from Case-Shiller did help the mood. Volume rose on the day across the board showing institutions were quite active in the market. Technology stocks, [...]
S&P 500 Ends Win Streak as VIX Rises; Some Leaders Stumble
Posted on January 28, 2013 // Leave a Comment
Small losses on the S&P 500 and Dow ended their win streaks as AAPL boosts the NASDAQ to close in the green. Durable goods orders were boosted by BA orders coming in better than expected. Disappointing pending home sales were blamed on low supply, but nonetheless there weren’t as many pending home sales as expected. [...]
AAPL weighs on the NASDAQ as the S&P 500 Closes in the Green for the 6th day in a Row
Posted on January 24, 2013 // Leave a Comment
AAPL was the talk of the street as the stock took a plunge on fourth quarter earnings. Initial jobless claims came in better than expected helping out on the job front (we’ll forget the surging number of people receiving food stamps and long-term disability). The market appeared poised to continue much higher with the market [...]
S&P 500 trades higher for the 6th Consecutive Day as Volume Eases
Posted on January 23, 2013 // Leave a Comment
Attention on the day was aimed at earning’s releases at the close of the day. Stocks were dealt a blow with the IMF cutting its global forecast to 3.5% from 3.6%. While not a big blow to a forecast, but the IMF pointed to Europe and its inability to grow as a primary concern. IBM [...]
Another Day of Gains as AAPL Drops; CSCO Surges in After-Hours
A late day rally helps push the markets higher as volume expands across the board. AAPL and GOOG have completely gone in different directions as GOOG hit a new high as AAPL dropped below its 50 day moving average. Many will search for the “why” AAPL dropped, but all that matters is that it did [...]