The story of the day was none other than AAPL producing fabulous earnings. On the negative side durable goods orders was much lower than expected, but failed to derail the euphoria surrounding AAPL’s earnings. The stock comprises 17% of the NASDAQ 100 and a nearly 9% move helped the NASDAQ finish higher by more than [...]
AAPL Boosts the Market as the Federal Reserve Announces Rate Policy
Posted on April 25, 2012 // Leave a Comment
AAPL Blows Away Earnings as Stocks end Mixed on Light Volume
Posted on April 24, 2012 // Leave a Comment
Disappointing housing market numbers kicked started the morning economic news, but a better than expected Richmond Fed Manufacturing index was a nice surprise. While the rebound outside of the NASDAQ was nice to see the lack of volume was quite unimpressive. The real story would come out in the after-hours session with AAPL reporting its [...]
Stocks Finish off the Lows but Can’t Shake European Jitters
Posted on April 23, 2012 // Leave a Comment
French elections and a debacle in the Netherlands helped spook investors sending European stock markets lower on Monday. Fears spread across the pond to the US as premarket futures were down close to one percent. There wasn’t any economic news to rattle the markets, nor help them. AAPL was able to close above its 50 [...]
Stocks Roll-over as April Highs Act as Resistance
Posted on November 1, 2010 // Leave a Comment
Stumbling uptrend awaits Mid-term Elections, Federal Reserve, and the Unemployment picture April highs proved to be too much for the market as sellers took to the market just shortly after the major indexes reached their April highs. NYSE volume run rate was higher throughout the day, but as the day came to a close. NASDAQ’s [...]
Stocks Advance in Heavier Trade; AAPL Gains
Posted on September 8, 2010 // Leave a Comment
Federal Reserve’s beige book showed deceleration in 5 of 12 regions tripping up stocks mid-day The market notches an accumulation day with volume jumping higher than Tuesday’s depressed levels. It was important to see a day of accumulation for this market since last week’s follow-through day. Stocks ran into a bit of resistance prior to [...]
NASDAQ Captures its 50 Day as Volume Rises ahead of the FOMC
Another good day for the markets as leading stocks continued to see breakouts. Volume rose on the day, but remained below its 50 day volume average. The market was able to ignore poor housing starts while building permits picked up more than expected. European markets closed higher calming fears over economic collapse in the Eurozone. [...]