lows
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By Josh Hayes on April 12, 2007
Stocks started the day weak on the back of data from the NAR announcing that they expected existing home sales to fall in 2007-the first drop in 38 yrs-and also see lower existing and new home sales in the short term. That combined with higher gas prices weighed on stocks early. But once again the [...]
Posted in default category | Tagged 2pm, closed end funds, djia, gas prices, HIG, lows, meat products, meeting minutes, nar, Nasdaq, NYSE, sp 500, stagflation, wishful thinking |
By Josh Hayes on April 11, 2007
Stocks performed the same way as they have been recently, with the markets gapping up, selling off, and then finding dip-buyers to help bring them off their lows and sending them near their highs by the close. All of this happened despite a very healthy amount of bad news from the housing and mortgage industry. [...]
Posted in default category | Tagged bad news, djia, lows, mortgage industry, Nasdaq, NYSE, oil gas, sarcasm, services group, sp 500 |
By Josh Hayes on April 5, 2007
Stocks went back to their old ways of not doing much intraday but boring us to death, after a few important economic numbers hit the wires. The ISM service index fell to 52.4 in March from 54.3 in February. Expectations were for 54.7, so obviously this was not good news. The prices paid index rose [...]
Posted in default category | Tagged census bureau, djia, industry group, institutional investors, intraday, lows, nassy, NYSE, relative strength, sp 500 |
By Josh Hayes on March 29, 2007
A bullish Q4 GDP final revision higher to 2.5% from 2.2%, along with jobless claims falling for the fourth week in a row, helped start stocks off on a very bullish foot before the opening bell. But soon after the opening bell, stocks trended lower all day until a strong late afternoon rally sent stocks [...]
Posted in default category | Tagged closing bell, hod, jobless claims, lows, narrow margin, NYSE, sp 500 |
By Josh Hayes on March 29, 2007
Stocks turned tail Wednesday and for the second day in a row dip-buyers did not show up as stocks moved lower, with an intraday roller-coaster ride mid-day after a speech by Ben to a Congressional panel, closing near the lows of the day. Things got off to a bad start, after the February durable good [...]
Posted in default category | Tagged capital goods, closing bell, divergence, djia, health service, industry group, lod, lows, mid day, Nasdaq, NYSE, pullback, sp 500, vix |
By Josh Hayes on March 26, 2007
Stocks started the day pretty drift-less the first half hour, but soon the excitement started. After a report on new-homes sales falling 3.9% to 848k in February to new seven year lows (June 2000), a report on the months supply of homes on the market rising to 8.1 months which is a 16 yr high [...]
Posted in default category | Tagged 1 billion, breadth, djia, drift, excitement, half hour, lows, nasdaq 100, NYSE, rallies, sp 500 |
By Josh Hayes on March 24, 2007
A boring, erratic, and overall lame session came to end Friday, after a week of surprises on many fronts. The only thing not boring today was the post-1pm EST action in the Nasdaq; up, wedge up, down, wedge down, and up. Still, that only led to a flat close. Today’s headlines were much more subdued [...]
Posted in default category | Tagged big boys, breadth, djia, kidnappers, lows, marines, news item, NYSE, sp 500 |
By Josh Hayes on March 20, 2007
It was another day of light gains, for the stock market. However, today, had a bit more of a steady bullish bias to it, unlike yesterday, as big-cap indexes closed near their HOD. The good news for stocks came on the back of a better-than-expected housing starts number for February. That number was up 9% [...]
Posted in default category | Tagged accumulation, adza, bad news, breadth, dead cat, djia, hod, lows, moving average, Nasdaq, rallies, sp 500, stock market |
By Josh Hayes on March 16, 2007
It was a weird sluggish session, today, but in the end it was another typical quadruple-witching Friday. However, there was plenty of data for Wall Street to go through, despite this once a month event. The CPI rose a little over .4%, a bit higher than the .3% estimate. But the core prices came in [...]
Posted in default category | Tagged breadth, conclusions, cpi, djia, downside, indexes, lows, NYSE, seven days, sp 500, wall street, warning signal |
