breadth
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By Josh Hayes on March 26, 2007
Stocks started the day pretty drift-less the first half hour, but soon the excitement started. After a report on new-homes sales falling 3.9% to 848k in February to new seven year lows (June 2000), a report on the months supply of homes on the market rising to 8.1 months which is a 16 yr high [...]
Posted in default category | Tagged 1 billion, breadth, djia, drift, excitement, half hour, lows, nasdaq 100, NYSE, rallies, sp 500 |
By Josh Hayes on March 24, 2007
A boring, erratic, and overall lame session came to end Friday, after a week of surprises on many fronts. The only thing not boring today was the post-1pm EST action in the Nasdaq; up, wedge up, down, wedge down, and up. Still, that only led to a flat close. Today’s headlines were much more subdued [...]
Posted in default category | Tagged big boys, breadth, djia, kidnappers, lows, marines, news item, NYSE, sp 500 |
By Josh Hayes on March 20, 2007
It was another day of light gains, for the stock market. However, today, had a bit more of a steady bullish bias to it, unlike yesterday, as big-cap indexes closed near their HOD. The good news for stocks came on the back of a better-than-expected housing starts number for February. That number was up 9% [...]
Posted in default category | Tagged accumulation, adza, bad news, breadth, dead cat, djia, hod, lows, moving average, Nasdaq, rallies, sp 500, stock market |
By Josh Hayes on March 16, 2007
It was a weird sluggish session, today, but in the end it was another typical quadruple-witching Friday. However, there was plenty of data for Wall Street to go through, despite this once a month event. The CPI rose a little over .4%, a bit higher than the .3% estimate. But the core prices came in [...]
Posted in default category | Tagged breadth, conclusions, cpi, djia, downside, indexes, lows, NYSE, seven days, sp 500, wall street, warning signal |
By Josh Hayes on March 14, 2007
It was a wild ride this Wednesday as stocks started the day off where they left off yesterday. On the back of Labor Dept. data showing the import price index rise .2% and the Commerce Dept. showing 4Q account deficits narrowing, stocks kept the pace of yesterday’s losses early. But after the markets made new [...]
Posted in default category | Tagged breadth, djia, final bell, hod, import price index, key number, key statistics, Nasdaq, nassy, NYSE, sp 500, wild ride |
By Josh Hayes on March 10, 2007
Stocks gapped higher off a mixed jobs report. Total jobs for the month came in at the lowest level in two years but the unemployment data dipped to 4.5% from 4.6% and last months numbers were revised up continuing a recent pattern, possibly giving market players a bit of buying power. The gap higher then [...]
Posted in default category | Tagged breadth, bulls and bears, dead cat bounce, djia, dmrc, final hour, gap, lows, Nasdaq, nassy, NYSE, sp 500 |
By Josh Hayes on March 8, 2007
It was a choppy day today (no surprise here) as stocks opened flat, then fell, the rallied, and then took a last hour nosedive. When it was over, all indexes ended in the red closing near the LOD, except the MidCap 400 index. There was not much in economic news to move the market. The [...]
Posted in default category | Tagged accumulation distribution, breadth, djia, downside, lod, lows, Nasdaq, nassy, NYSE, pullback, sp 500 |
By Josh Hayes on March 6, 2007
Stocks staged an extremely strong rally, off the back of an overnight rally in Asia and Europe. But the big log-jam higher came during comments by Ben arguing for more regulation over the mortgage giants FNM and FRE. Stocks were pulling back slightly ahead of those comments. However, that being a reason for the rally [...]
Posted in default category | Tagged asia and europe, big boys, bottoms, breadth, closing bell, djia, downside, fasteners, fnm, log jam, NYSE, relative strength, short squeeze, sp 500, stock exchanges |
By Josh Hayes on March 5, 2007
Stock market indexes took traders on a wild and crazy wild, on Monday, as stocks gapped lower due to fears out of Asia, the subprime mortgage market, and other various reasons. By the middle of the day stocks managed to make it to the green but were then slammed in the final hour on heavy [...]
Posted in default category | Tagged breadth, carnage, djia, downside, final hour, lod, mortgage industry, pullback, right reason, sp 500 |
