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…
Tag Archive for Stock Market
Market Commentary – July 21st, 2011
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The overall market finished Wednesday slightly lower. Oil was higher by $0.54 to $98.40 per barrel, and Gold was lower by $4.20 to $1,596.90 per ounce. A Few Thoughts Before the Open: In looking at the charts of the heavy…
Market Commentary – July 19th, 2011
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The Dow Jones Industrial Average closed lower yesterday at 12,385.16 Oil was lower by $1.35 to $96.25 per barrel, and Gold was higher by $12.30 to $1,602.40 per ounce. A Thought Before the Open: In looking at the charts from…
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 13th, 2011
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A Couple of Quick Thoughts Before the Open: 1. I know the futures are moderately higher as of right now, but my gut is telling me that the odd of any rally we see on the open lasting the entire…
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…
Market Commentary – July 6th, 2011
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A couple of notes from my review of the charts from today’s trading activity. The Dow Jones Transportation Average hit a new yearly closing high today. It looks like it has completed a “cup pattern” with a measured move to…