The NASDAQ Composite loses its 50 day moving average on heavy volume. AAPL and GOOG lead the NASDAQ 100 lower as the big cap technology closed down 1.99%. Commodities followed stocks lower with copper and other metals leading the charge lower. The Federal Reserve’s Beige book showed moderate growth due to autos and housing but [...]
Volume Jumps and Stocks Fall Ending the Market’s Uptrend
Posted on April 18, 2013 // Leave a Comment
Bernanke Presses on with QE, but Volume Drops as Stocks Close Higher
Posted on March 21, 2013 // Leave a Comment
Another Federal Reserve meeting and the central bank vows to continue to print billions of dollars a month until the Unemployment rate drops to acceptable rates. Cyprus fears seem to die down as it appears Russia will protect its own and give a bailout to the small island nation. Banks will not reopen to next [...]
S&P 500 trades higher for the 6th Consecutive Day as Volume Eases
Posted on January 23, 2013 // Leave a Comment
Attention on the day was aimed at earning’s releases at the close of the day. Stocks were dealt a blow with the IMF cutting its global forecast to 3.5% from 3.6%. While not a big blow to a forecast, but the IMF pointed to Europe and its inability to grow as a primary concern. IBM [...]
Stocks Climb off the lows of the Session and Closed in the Green ahead of GOOG Earnings
Posted on January 22, 2013 // Leave a Comment
The market was able to push higher despite disappointing news from existing home sales as well as data from the Richmond Fed manufacturing index. Existing home sales were expected to rise 1.2% but fell 1% and last month’s big number was revised from 5.9% to 4.8%. Richmond Fed manufacturing index fell to -12 while the [...]
Stocks Battle Back from Heft Losses, but Close Lower
Posted on July 23, 2012 // Leave a Comment
Europe is at it again. Fears over a depression in Greece and Spain’s possible need of a full bailout helped spark fears over a European Union breakout. Right out of the gate sellers began to dump stock. However, before the first 30 minutes of trading were completed the market would find its bottom for the [...]
Stocks Rebound in a Big Way as Volume Slides
Posted on April 17, 2012 // Leave a Comment
AAPL reversed its course pushing higher bringing the rest of the technology sector and NASDAQ higher. Volume was lower on the day suggesting the appetite to get back into stocks was not a top priority for institutional traders. It is true High Frequency Trading (HFT), Federal Reserve, and the lack of retail investors has skewed [...]
Last Hour Surge Sends Stocks Higher
Posted on October 4, 2011 // Leave a Comment
A wild day on Wall Street as stocks whipsaw all day long, but finally closing higher on the highs of the day. Hitting bear market levels the S&P 500 was able to bounce back along with the rest of the market. The big winner on the day was Small Cap stocks followed by the NASDAQ. [...]
Stocks End Mixed; NASDAQ Gains
Posted on July 5, 2011 // Leave a Comment
Coming off a long weekend stocks opened mixed and ended mixed. There was no question volume was lower, giving the S&P 500 a solid day of consolidation. The NASDAQ was helped along by NFLX, AAPL, and GOOG. NFLX announced it was expanding its service to Latin America and the market cheared that decision. Technology lead [...]
AAPL Stock Blows out Earnings as Stocks Zoom Higher in Increased Trade
Posted on April 20, 2011 // Leave a Comment
Running out of the gate stocks zoomed higher as volume swelled after the market had pulled back from the reaction move off the Japan Crisis low. The action near the most recent highs called into question the whether or not the market would be able to support higher prices. IBD even put their market outlook [...]
Another Day of Gains as AAPL Drops; CSCO Surges in After-Hours
A late day rally helps push the markets higher as volume expands across the board. AAPL and GOOG have completely gone in different directions as GOOG hit a new high as AAPL dropped below its 50 day moving average. Many will search for the “why” AAPL dropped, but all that matters is that it did [...]