breadth
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By Josh Hayes on March 4, 2007
A falling dollar to a rising yen and euro and concerns of the subprime mortgage market helped weigh on stocks on Friday. However, after the damage Tuesday and the weak bounce on Wednesday and Thursday, further selling was to be expected. The most disturbing part of Friday’s selloff was the fact that almost all the [...]
Posted in default category | Tagged bad news, breadth, djia, downside, lod, lows, NYSE, pullback, red flag, sp 500, yen |
By Josh Hayes on March 1, 2007
Stocks gapped higher in the morning but soon lost those gains, off the back of three weak economic numbers. First Q4 GDP came in with a final revision of a 2.2% gain. That was much lower than the initial 3.5% reported and below 2.3% estimates. Then new home sales came in with a Y over [...]
Posted in default category | Tagged 13 years, big boys, breadth, bulls, djia, institutional investors, leading the way, lows, Nasdaq, NYSE, sp 500, yesterday today |
By Josh Hayes on February 24, 2007
Stocks finally decided to take a break, across the board, as stocks meandered in the red all day, closing off the lows. However, a slight change of character was the fact that there was no last hour rally. That is probably due to most traders starting the weekend early as an exhaustive holiday shortened week [...]
Posted in default category | Tagged big boys, breadth, computer data storage, data provider, djia, downside, indexes, lows, Nasdaq, no doubt, NYSE, sectors, sp 500, storage computer |
By Josh Hayes on February 23, 2007
It was another wild session, with an intraday bullish bias, after a weak opening. Thanks to bad news out of Iran (did you expect anything else?) and crude oil rising 1.5% on news that inventories were smaller than expected, big caps suffered. However, some positive action in Semiconductor stocks and news that WFMI is buying [...]
Posted in default category | Tagged big boys, breadth, crude oil, djia, downside, inventories, mrk, Nasdaq, NYSE, oats, semiconductor index, sixth day, sp 500, wfmi |
By Josh Hayes on February 22, 2007
Stock indexes gapped lower this morning as CPI data came in higher than expected. The CPI rose .2% as core prices had their biggest jump since June. That along with Fed minutes showing that the Fed is still targeting inflation was enough to send all the indexes lower. However, showing just how strong this market [...]
Posted in default category | Tagged breadth, dips, djia, hod, lows, lvlt, msft, nasdaq 100, news item, NYSE, pullback, small caps, sp 500, third day |
By Josh Hayes on February 17, 2007
Stocks fought off morning weakness, caused by a revenue warning from MSFT, and rallied the rest of the day to close flat and near the highs of the day. This bit of news from MSFT particularly hit the Nassy the hardest as MSFT represents 6% of this index. The strength in the indexes in the [...]
Posted in default category | Tagged breadth, djia, expiration day, great news, indexes, msft, Nasdaq, nassy, NYSE, sp 500, standstill, stock, stocks |
By Josh Hayes on February 16, 2007
There was plenty of economic data for the market to feast upon, on Thursday. However, neither that or continued testimony by Ben was able to really move stocks one way or the other. Though industrial output fell by the largest amount in 17 months, stocks didn’t mind and were able to close higher across the [...]
Posted in default category | Tagged big boys, bounce, breadth, caps, disappointment, djia, economic data, feast, leadership, momentum, Nasdaq, NYSE, rally, small cap, sp 500, stocks, testimony |
By Josh Hayes on February 15, 2007
Today stocks showed, ONCE AGAIN, why shorting a market that is in a long-term uptrend is an unprofitable and low reward/high risk proposition. All it took today was positive comments from Mr. Bernanke about the economy to ignite a very powerful rally that helped five key indexes hit all-time highs and another one hit six [...]
Posted in default category | Tagged bernanke, breadth, core inflation, djia, djta, djua, final bell, half year, high risk, indexes, Nasdaq, NYSE, senate banking committee, sp 500 |
By Josh Hayes on February 10, 2007
It is kind of odd that a comments from the St. Louis Fed head William Poole, Cleveland Fed head Sandra Pianalto, and Dallas Fed head Richard Fisher could kick start a selloff like it did today, but that is in fact what happened. Stocks started off strong but his comments that he would vote for [...]
Posted in default category | Tagged big boys, breadth, djia, Nasdaq, nassy, NYSE, price volume, sp 500, william poole |
By Josh Hayes on February 8, 2007
Stocks started the day off on the right foot, thanks to a good earnings report from CSCO and fantastic news that US productivity grew 3% in the most recent quarter. However, those steady gains were completely wiped out on the DJIA and the SP 500 in the afternoon. And even though the indexes clawed back [...]
Posted in default category | Tagged 3pm, breadth, chat rooms, csco, djia, great news, hod, indexes, Nasdaq, NYSE, oscillators, productivity, rally, sp 500 |
