A Few More Thoughts Before the Open: I’ve got a few more minutes in the office this morning and wanted to update the support and resistance points on a couple of the sector indices I have talked about recently. M.S.…
Tag Archive for Dow Jones Transportation Average
Market Commentary – August 9th, 2011
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A Few Thoughts Before the Open: It’s about 7:00am this morning and as I write put the finishing touches on this report pre-market futures are showing a bounce higher this morning, however that can change in a heartbeat now days. …
Market Commentary – August 8th, 2011
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A Few Thoughts After the Close: The overall market sold off sharply today with a major portion of the sell off coming in the last 45 minutes of the day. For the day, the Dow Jones Industrial Average was lower…
Market Commentary – August 5th, 2011
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A Few Thoughts Before the Open: With yesterday’s brutal move lower in the markets I am going to sit this morning out from a trading perspective; not because I am afraid of the market moving lower, but because I am…
Market Commentary – August 2nd, 2011
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A Few Thoughts After the Close: The overall market moved sharply lower yesterday in a broad based selloff that saw every index I track move lower on the day. The weakest the Airlines, Retailers, High Tech, Cyclicals, Transports, and Banking…
Market Commentary – July 18th, 2011
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A Few Thoughts Before the Open: The Dow Jones Industrial Average closed Friday at 12,479.73 Despite Friday’s move higher, the chart continues to show weakness. I think it is possible we could see it test its 40 day moving average, …
Market Commentary – July 12th, 2011
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A Couple of Thoughts After the Close: Following a roller coaster of a day, the Dow Jones Industrial Average finished the day just over 58 points lower to close at 12,446.88 It looks to me like the Dow is going…
Market Commentary – July 11th, 2011
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A Couple of Thoughts Ahead of the Open: I am looking for the Federal Debt Ceiling to dominate the news this week. I am not real optimistic that a deal will be reached this week. I think we are at…
Market Commentary – July 8th, 2011
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A Couple of Thoughts Ahead of the Open: Despite yesterday’s strong market move and the upward trend of the charts, this morning’s horrible jobs number has futures sharply lower. Obviously looking for a down day. Looking for a short position…
Market Commentary – July 7th, 2011
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A couple of thoughts ahead of the open: I think the jobs numbers were mixed. While ADP came in better than expected, historically the ADP number is subject to wide fluctuation and revisions. Secondly, the jobless claims numbers continue to…