Nasdaq
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By Josh Hayes on December 7, 2007
Overall, it was a pretty choppy and inconsistent day on Friday, but it was still a good day when we take it and consider that we continue to hold well in the face of all the bad news from the subprime area of the economy. I heard many complain that we did not finish higher [...]
Posted in default category | Tagged bad news, caps, djia, economy, indexes, Nasdaq, pullback, stocks |
By Josh Hayes on November 1, 2007
Stocks gapped lower thanks to a negative sentiment off the CROX swoon and the expectations that the Fed had no reason to cut rates anymore. This seemed to weigh on the market and many stocks took very large hits. The worst was that the market according to my charting software sold off on higher volume [...]
Posted in default category | Tagged CROX, Nasdaq, NYSE |
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 3, 2007
Possible good news out of Iran over the release of the 15 hostages, oil prices falling 2% to $64.64 as the result of the possible release, positive foreign market gains in Europe and Asia, and positive news from the housing market was just what the market needed, as stocks gapped higher, held the gains, and [...]
Posted in default category | Tagged accumulation distribution, crowd, divergence, djia, downside, hod, hostages, housing market, indexes, Nasdaq, NYSE, oil prices, 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 22, 2007
Stocks were boring and dead all day long, until 2:15pm when the Fed announced their decision on interest rates. When that happened, stocks exploded to the upside, destroying shorts in the process. The party was not started based on the decision, as everyone expected rates to stay at 5.25%. The fireworks erupted because the Fed [...]
Posted in default category | Tagged bottoms, djia, fireworks, indexes, interest rates, launch, leadership, moving average, Nasdaq, NYSE, rallies, rally, red flag, sp 500, stocks |
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 15, 2007
Stocks finished slightly higher, today, after a barrage of economic data, mergers & acquisitions, and even a scare from Alan Greenspan warning of the subprime loan sector spilling over and effecting other areas of the economy (people didn’t know that would happen?). However, the gains weren’t that impressive as a choppy day of trading had [...]
Posted in default category | Tagged alan greenspan, barrage, bidding war, cme, csco, djia, economic data, eleven years, employment index, jobless claims, Nasdaq, NYSE, ppi, sp 500, stagflation, subprime loan, webx |
By Josh Hayes on March 14, 2007
It was a wild ride this Wednesday as stocks started the day off where they left off yesterday. On the back of Labor Dept. data showing the import price index rise .2% and the Commerce Dept. showing 4Q account deficits narrowing, stocks kept the pace of yesterday’s losses early. But after the markets made new [...]
Posted in default category | Tagged breadth, djia, final bell, hod, import price index, key number, key statistics, Nasdaq, nassy, NYSE, sp 500, wild ride |