Notes For Monday’s Stock Market Session
April 27, 2008 | Leave a Comment
-The IBD 100 is up 228.5% compared to SP 500’s 49.5% since 4/18/08
-IBD 85-85 and IBD 100 were down for the week (-.9% compared to Nassy .8%) but they were up over 2.5% on Friday compared to Nassy down .2%.
-This appears to be rotation of some sorts out of commodities into some new sectors
-Internet-Network Solutions up 9% this week
-Computer Software-Design up 5% this week
-These industries however are being led by the usual laggards BIDU and AAPL.
-Strongest Semi stocks: PMCS MCRL VLTR FSLR CRUS JASO SMTX POWI IVAC JST LSCC SMTC AXYS
-Impressive food stocks: FDP SDA — I am long both
-Nasdaq has an A for acc/dis NYSE B SP 500 B+ IBD 85-85 C+
Members Discuss with MauiTrader about their gains and the state of the Market
January 4, 2008 | 1 Comment
Today marked an interesting day for the Markets. Some Platinum members expressed how happy they are with the Big Wave Trading service today in MauiTrader’s Lounge. This snip-bit from today’s conversation shows you that we are serious yet have the ability to have a bit of fun. We are heading into bear territory with the market, its been a slow rolling death since the high at the end of October. Check out the conversation!
Big-Cap Tech Selloff Hits Nasdaq With Another Large Distribution Day; Pharmaceuticals And Drugs Hold-Up DJIA.
January 19, 2007 | Leave a Comment
Stocks on the Nasdaq simply got nailed today, as a weak outlook by AAPL followed by two downgrades hit the stock with a 6% loss. This along with a weak profit outlook from LRCX with a downgrade simply was too much for the small-cap and tech indexes to handle.
At the close, the Nasdaq fell 1.5%, the SP 600 lost 1.1% and closed below its 50 dma, the SP 500 fell .3%, and the DJIA held like the champ it has been with a minimal .07% loss. Read more
Stock Market Indexes Take Off After An Early Choppy Session, Closing Near The Highs Of The Session
January 11, 2007 | Leave a Comment
A day of minor volatility gave way to a nice rally after 1pm EST sending all the indexes in a nice solid uptrend into the close. The possible reason for the rally was a left-over feel good effect off the AAPL news in combination with another drop in crude oil. Today’s 3% drop now brings the yearly damage to 12% for crude.
At the close, the Nasdaq led the way with a .6% gain, the DJIA and the SP 500 followed with a .2% gain, and the SP 600 lagged with a .01% gain. The big winners were the IBD 85-85 and IBD 100 indexes which gained .7% and .9% respectively and the Nasdaq 100 which gained 1.1%. This was the sixth day in a row the Nasdaq and the Nasdaq 100 staged very strong intraday reversals. One look at the daily charts and all those tails shows that any selloff is being bought.
Stocks End Mixed On Heavy Volume; Churning?
January 9, 2007 | Leave a Comment
On a day where a strong IBD/TIPP poll shows that investors are gaining confidence and AAPL releases the new iPhone and Apple TV, stocks decided to churn one in today. The only exciting action came in the SP 600 which turned a 1.1% loss into a gain by the end of the day.
