Nasdaq
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By Josh Hayes on March 10, 2007
Stocks gapped higher off a mixed jobs report. Total jobs for the month came in at the lowest level in two years but the unemployment data dipped to 4.5% from 4.6% and last months numbers were revised up continuing a recent pattern, possibly giving market players a bit of buying power. The gap higher then [...]
Posted in default category | Tagged breadth, bulls and bears, dead cat bounce, djia, dmrc, final hour, gap, lows, Nasdaq, nassy, NYSE, sp 500 |
By Josh Hayes on March 8, 2007
It was a choppy day today (no surprise here) as stocks opened flat, then fell, the rallied, and then took a last hour nosedive. When it was over, all indexes ended in the red closing near the LOD, except the MidCap 400 index. There was not much in economic news to move the market. The [...]
Posted in default category | Tagged accumulation distribution, breadth, djia, downside, lod, lows, Nasdaq, nassy, NYSE, pullback, sp 500 |
By Josh Hayes on March 1, 2007
Stocks gapped higher in the morning but soon lost those gains, off the back of three weak economic numbers. First Q4 GDP came in with a final revision of a 2.2% gain. That was much lower than the initial 3.5% reported and below 2.3% estimates. Then new home sales came in with a Y over [...]
Posted in default category | Tagged 13 years, big boys, breadth, bulls, djia, institutional investors, leading the way, lows, Nasdaq, NYSE, sp 500, yesterday today |
By Josh Hayes on February 27, 2007
Stocks were crushed, Tuesday, after a meltdown in Asian markets led by the Shanghai index closing lower by 8.8% and a weak durable goods number. The Shanghai index shed almost 9% offering up its worst selloff in over 10 years. This selloff in China, which has been the leading market index the past two years, [...]
Posted in default category | Tagged asian markets, chl, djia, durable goods, hmin, market index, meltdown, Nasdaq, sp 500, steel producers |
By Josh Hayes on February 24, 2007
Stocks finally decided to take a break, across the board, as stocks meandered in the red all day, closing off the lows. However, a slight change of character was the fact that there was no last hour rally. That is probably due to most traders starting the weekend early as an exhaustive holiday shortened week [...]
Posted in default category | Tagged big boys, breadth, computer data storage, data provider, djia, downside, indexes, lows, Nasdaq, no doubt, NYSE, sectors, sp 500, storage computer |
By Josh Hayes on February 23, 2007
It was another wild session, with an intraday bullish bias, after a weak opening. Thanks to bad news out of Iran (did you expect anything else?) and crude oil rising 1.5% on news that inventories were smaller than expected, big caps suffered. However, some positive action in Semiconductor stocks and news that WFMI is buying [...]
Posted in default category | Tagged big boys, breadth, crude oil, djia, downside, inventories, mrk, Nasdaq, NYSE, oats, semiconductor index, sixth day, sp 500, wfmi |
By Josh Hayes on February 17, 2007
Stocks fought off morning weakness, caused by a revenue warning from MSFT, and rallied the rest of the day to close flat and near the highs of the day. This bit of news from MSFT particularly hit the Nassy the hardest as MSFT represents 6% of this index. The strength in the indexes in the [...]
Posted in default category | Tagged breadth, djia, expiration day, great news, indexes, msft, Nasdaq, nassy, NYSE, sp 500, standstill, stock, stocks |
By Josh Hayes on February 16, 2007
There was plenty of economic data for the market to feast upon, on Thursday. However, neither that or continued testimony by Ben was able to really move stocks one way or the other. Though industrial output fell by the largest amount in 17 months, stocks didn’t mind and were able to close higher across the [...]
Posted in default category | Tagged big boys, bounce, breadth, caps, disappointment, djia, economic data, feast, leadership, momentum, Nasdaq, NYSE, rally, small cap, sp 500, stocks, testimony |
By Josh Hayes on February 15, 2007
Today stocks showed, ONCE AGAIN, why shorting a market that is in a long-term uptrend is an unprofitable and low reward/high risk proposition. All it took today was positive comments from Mr. Bernanke about the economy to ignite a very powerful rally that helped five key indexes hit all-time highs and another one hit six [...]
Posted in default category | Tagged bernanke, breadth, core inflation, djia, djta, djua, final bell, half year, high risk, indexes, Nasdaq, NYSE, senate banking committee, sp 500 |
By Josh Hayes on February 14, 2007
It was a tale of two tapes as the DJIA and SP 500 rallied quite well while the Nassy lagged as big-chips received bids. The reason for the outperformance was due in large part to shares of AA. Reports that BHP or RTP are bidding for the Aluminum giant helped the big-caps rally. Adding to [...]
Posted in default category | Tagged CSX, djia, growth stocks, gsh, Nasdaq, nassy, NYSE, rtp, sp 500, steel producer, unp |
