The technology heavy NASDAQ Composite has held up better than the other major stock indexes such as the Dow Jones Industrial Average, S&P 500 Index and the Russell 2000. As long as the NASDAQ Composite holds up and does not breakdown, this tells us that people are still willing to take on risk. Please remember, [...]
When the stock markets get into serious trouble the Oracle of Omaha will come out of the woodwork to defend stocks. Once again, Warren Buffett just appeared on CNBC live from the New York Stock Exchange. Mr. Buffett said that he is buying stocks and is investing in the United States. The SPDR S&P 500 [...]
On days like this, where the stock markets are down sharply at the start of the day there is only one place to look for guidance, it is the financial stocks. As long as the financial stocks remain weak traders must expect lower prices on the major stock indexes. If and when the financial stocks [...]
This afternoon, the major stock indexes have once again rolled over reversing a 200.0 point rally on the Dow Jones Industrial Average (DJIA). The talking heads in the financial media continue to talk about the recovery from the 2008 financial crisis, meanwhile, we are still in that very same crisis. Stocks such as J.P. Morgan [...]
Today, word hit the markets that the U.S. Department of Justice is helping the Securities & Exchange Commission look into “accounting irregularities” among U.S. listed Chinese stocks. This sent companies like Baidu.com, Inc. (ADR) (NASDAQ:BIDU) and Sohu.com Inc. (NASDAQ:SOHU) down over 10%. Other Chinese stocks listed on the U.S. exchanges dropped as well. While this [...]
The stock market opened sharply higher today. This move took the Dow Jones Industrial Average up by more than 200 points. In the last two days, similar up moves have taken place but sharp selling has come in late in the day and driven the markets back down. Today, the markets are seeing sharp selling [...]
As you all know, the banking crisis in the European Union is an absolute disaster. Most of the countries in the European Union are insolvent and they will have to likely default at some point. Whether or not there is a structured default remains to be seen. At this time, the European Union is likely [...]
Nearly every day the major stock indexes gap up sharply or gap down sharply. The stock market participants are extremely focused on every rumor or word coming out of the European Union. Who really knows what to believe at this point? One day Greece is going to be bailed out again, the next day Greece [...]
$ $ $IMF Projects a Weak and Bumpy Global Economic RecoveryS&P 500 OVERVIEWS&P 500 The S&P 500 closed at 1151.06 on Wednesday, September 28, 2011. The S&P 500, SPX, is up +1.29% for the week so far, is down …
While most of the market has been under recent pressure, three stocks have stood out and defied the market downturn. They have pushed higher and are all heading towards master levels. These levels will be revealed and should they hit, will be a long term pivot top according to proprietary technical signals. Amazon.com, Inc. (NASDAQ:AMZN) [...]
