downside
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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 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 December 30, 2006
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 [...]
Posted in default category | Tagged breadth, bulls, catalyst, djia, downside, happy new year, indexes, losses, lows, Nasdaq, new year, NYSE, pullback, sp 500, stocks, swing |
By Josh Hayes on December 22, 2006
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 [...]
Posted in default category | Tagged amex, christmas holiday, critical line, djia, downside, NYSE, oil index, prefect, pullback, small caps, sp 500, wonderful christmas |
By Josh Hayes on December 21, 2006
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 [...]
Posted in default category | Tagged christmas gift, christmas vacation, cold weather, djia, downside, holiday season, nasdaq 100, pullback, rashguard, sp 500 |
By Josh Hayes on December 18, 2006
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.
Posted in default category | Tagged big boys, breadth, chases, closing bell, cracks, djia, downside, funny thing, hot money, lows, mergers, Nasdaq, NYSE, safe haven, sp 500 |