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By Josh Hayes on January 27, 2007
Stocks started the day off very strong but soon started selling off, after strong durable goods orders, strong new-home sales, and bond yields ticking higher sent signals to traders that the Fed would not be cutting rates any time soon. Thankfully, a rumor of Bank of America and Countrywide Financial merging and more positive earnings [...]
Posted in default category | Tagged bank of america, bias, breadth, chat rooms, closing bell, collapse, countrywide financial, djia, dma, fireworks, indexes, intraday, lows, Nasdaq, negativity, NYSE, sp 500 |
By Josh Hayes on January 26, 2007
After such a nice day yesterday, where the Nasdaq bounces right off its 50 dma, the last thing you want to see is an immediate reversal; well that is what we got. Stocks almost gave back all of yesterdays gains in the Nasdaq and gave all of the gains back in the SP 500 and [...]
Posted in default category | Tagged auction, breadth, decline, djia, dma, losses, Nasdaq, nice day, profits, sp 500, stocks |
By Josh Hayes on January 24, 2007
A lot of good earnings helped the market shake off some recent selling as stocks rose across the board with leaders leading the way. At the close, the Nasdaq led the way with a 1.4% gain as the index reclaimed its 50 dma, the SP 600 followed with a 1% gain, the SP 500 was [...]
Posted in default category | Tagged bounce, breadth, dips, djia, dma, earnings, flirts, high quality, leading the way, legs, longs, money, nasdaq 100, NYSE, rally, sp 500 |
By Josh Hayes on January 23, 2007
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 [...]
Posted in default category | Tagged breadth, disruption, djia, dma, downside, fleets, iranians, moving average, nuclear weapon, NYSE, persian gulf, president bush, sp 500, strategic petroleum reserve |
By Josh Hayes on January 22, 2007
Stocks started the day off rough and only got worse as the LEI was delayed. The delay helped the selloff pick up steam and stocks quickly dropped to their low’s on the day. However, like usual, buyers stepped in to help support a declining market. However, by the close, their buying could not prop the [...]
Posted in default category | Tagged bad news, big boys, breadth, climax, djia, dma, longs, Nasdaq, NYSE, pullback, scheme of things, sp 500 |
By Josh Hayes on January 18, 2007
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 [...]
Posted in default category | Tagged breadth, csco, distro, djia, dma, downside, intc, nassy, nice thing, ppi, sp 500 |
By Josh Hayes on January 12, 2007
Stocks gapped up in the morning, held those levels, and rallied for the rest of the day on the back of another back-breaking decline in oil. This huge 4% drop in oil helped the entire market rally, on Thursday. Oil has now fell 15% in 2007. At the close, with techs and small caps leading, [...]
Posted in default category | Tagged accumulation, big boys, breadth, candlestick chart, djia, dma, great news, lows, market analyst, market rally, nasdaq 100, news today, NYSE, small caps, sp 500, third day |
By Josh Hayes on January 11, 2007
A day of minor volatility gave way to a nice rally after 1pm EST sending all the indexes in a nice solid uptrend into the close. The possible reason for the rally was a left-over feel good effect off the AAPL news in combination with another drop in crude oil. Today’s 3% drop now brings [...]
Posted in default category | Tagged aapl, big boys, breadth, crude oil, dips, djia, dma, nasdaq 100, NYSE, sixth day, sp 500, volatility |
By Josh Hayes on January 9, 2007
On a day where a strong IBD/TIPP poll shows that investors are gaining confidence and AAPL releases the new iPhone and Apple TV, stocks decided to churn one in today. The only exciting action came in the SP 600 which turned a 1.1% loss into a gain by the end of the day.
Posted in default category | Tagged aapl, apple tv, djia, dma, IBD, indexes, investors, iphone, lows, Nasdaq, NYSE, poll, rebound, sp 500, stocks |
By Josh Hayes on December 19, 2006
The market started the day with a nasty gap down on two possible news stories. A big jump (largest since 1974) in Producer Prices for November and a scare over a possible new Asian-market meltdown put a lot of pressure on the indexes. However, bulls remain extremely strong in the face of selling and rallied [...]
Posted in default category | Tagged asian market, breadth, djia, dma, final hour, gap, indexes, lows, Nasdaq, NYSE, pay attention, scare, sp 500, t pay |
