By Josh Hayes on January 22, 2007
Stocks started the day off rough and only got worse as the LEI was delayed. The delay helped the selloff pick up steam and stocks quickly dropped to their low’s on the day. However, like usual, buyers stepped in to help support a declining market. However, by the close, their buying could not prop the [...]
Posted in default category | Tagged bad news, big boys, breadth, climax, djia, dma, longs, Nasdaq, NYSE, pullback, scheme of things, sp 500 |
By Josh Hayes on December 30, 2006
Happy New Year!; Markets Produce A Distribution Day On The Last Trading Day Of 2006. THIS IS THE VERY LAST FREE “DAILY MARKET ANALYSIS and NEW SWING LONGS/SHORTS” POST ON THIS BLOG. On the very last trading day of the year, stocks decided to end the year on a slightly nasty note, offering distribution days [...]
Posted in default category | Tagged breadth, bulls, catalyst, djia, downside, happy new year, indexes, losses, lows, Nasdaq, new year, NYSE, pullback, sp 500, stocks, swing |
By Josh Hayes on December 26, 2006
It was up, up, and away for stocks on Tuesday, as the market opened higher and did not look back all day, steadily making advances until the closing bell. The only news out there was holiday retail sales and that bit of bad news did nothing to stop stocks; it just stopped retail and you [...]
Posted in default category | Tagged amex, closing bell, djia, pullback, rlx, ryaay, sp 500 |
By Josh Hayes on December 22, 2006
On the last trading day before Christmas, stocks continued their recent trend of flat to positive opens that eventually lead to a consistent downtrend until the close. For the fifth day in a row on the Nasdaq and for the fourth out of five days on the SP 500, stocks fell on lower volume. The [...]
Posted in default category | Tagged amex, christmas holiday, critical line, djia, downside, NYSE, oil index, prefect, pullback, small caps, sp 500, wonderful christmas |
By Josh Hayes on December 21, 2006
It was another day of a strong opening turning into an ugly close. For the fourth day out of the last five days, markets opened strong or at least positive to reverse and trend lower for the rest of the day. The data point that was blamed was the Philly Fed manufacturing index. It came [...]
Posted in default category | Tagged christmas gift, christmas vacation, cold weather, djia, downside, holiday season, nasdaq 100, pullback, rashguard, sp 500 |
