By Josh Hayes on February 22, 2007
Stock indexes gapped lower this morning as CPI data came in higher than expected. The CPI rose .2% as core prices had their biggest jump since June. That along with Fed minutes showing that the Fed is still targeting inflation was enough to send all the indexes lower. However, showing just how strong this market [...]
Posted in default category | Tagged breadth, dips, djia, hod, lows, lvlt, msft, nasdaq 100, news item, NYSE, pullback, small caps, sp 500, third day |
By Josh Hayes on February 20, 2007
Early losses soon turned into gains, after a long three-day weekend, as investors bid stocks up on the back of plenty of good news. News of a deal between SIRI and XMSR, VMC acquiring FRK, Oil dropping 2.2%, and positive comments from Fed gov. Susan Blies was just what the market wanted to hear, as [...]
Posted in default category | Tagged bull markets, djia, gold silver, great news, longs, NYSE, philadelphia gold, silver index, siri, small caps, sp 500, xmsr |
By Josh Hayes on February 1, 2007
Investors were definitely happy to see the Fed leave rates unchanged–even though I am not sure what else they were expecting–and rewarded the stock market with gains across the board. The Fed stated that core pricing pressure subsided, which relieved inflation concerns, and stated that economic growth was firmer and the housing market has stabilized. [...]
Posted in default category | Tagged breadth, consumer confidence, djia, economic growth, housing market, Nasdaq, nassy, NYSE, s trading, service group, small caps, sp 500, stock market, transportation service, wishful thinking |
By Josh Hayes on January 12, 2007
Stocks gapped up in the morning, held those levels, and rallied for the rest of the day on the back of another back-breaking decline in oil. This huge 4% drop in oil helped the entire market rally, on Thursday. Oil has now fell 15% in 2007. At the close, with techs and small caps leading, [...]
Posted in default category | Tagged accumulation, big boys, breadth, candlestick chart, djia, dma, great news, lows, market analyst, market rally, nasdaq 100, news today, NYSE, small caps, sp 500, third day |
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 |
