Well I was half-joking this morning when I said that the real big event for the day would be Google’s earning’s report. Turns out that was definitely the case. The action in the broader market was muted today but things heated up in the after-hours session. GOOG is down about 63 points [...]
The futures are basically flat this morning and I wouldn’t expect much out of the indices until after the Fed decision at 2:15. But the real big event will be GOOG’s earnings report after hours! And speaking of Google, these GOOG for Napster rumors have launched NAPS into orbit. I wonder [...]
It’s relatively quiet this morning. The futures are just a bit above fair value and there are less gappers than we’ve had the last several days. (And AAPL is selling off again!) A couple of Cramer’s Mad Money mentions from Friday are toward the top of the % gainers list this monring. [...]
I was surprised to see so many bearish candlesticks made on Friday given the strength in the indices. (You can see how many more bearish patterns were made Friday.) Maybe it was just people getting flat ahead of Tuesday’s Fed decision. I won’t be surprised if trading is somewhat muted tomorrow as [...]
You guessed it, another gap up this morning. This time the QQQQ is above yesterday’s high (41.68) and its 50-day moving average (41.69). The Qs have actually dropped a bit after the 8:30 economic numbers and now appear to be heading for a test of support. So I’m looking for them to [...]
Today was obviously a good day for the bulls with the Nasdaq up 1% and the S&P 500 up 0.72%, both on increasing volume. Because the Nasdaq has broken above its December highs, its chart looks slightly better than the S&P to me. I think any hopes the bears had of the 50-day [...]
What was that I said about ‘Groundhog Day’ yesterday? Let’s see, I can simply modify a sentence from yesterday to — We’re gapping up again and for the second third day in a row and the QQQQ is bumping up against the previous day’s highs in the pre-market. This is why I always [...]
Here’s a chart of DNA for Mike:
This is one of my “no man’s (person’s) land” stocks. It’s between the 50 and 200-day moving averages which signals to me an intermediate term downtrend and a long(er) term uptrend. Or you could say that it’s just been going sideways for months — it’s right where [...]
Will wrote:
Wondering what your opinion is of nelnet (NNI)? It’s an interesting chart that has shown a lot of strength when its peers have not.
My opinion is simply “hang on”! Of course, that is if you’re already long it. It’s obviously a great performing stock. If I wasn’t in I’d be [...]
I have even less than usual to say about the market today. My view is petty much exactly the same as yesterday — and my falling three methods is still intact.
Here’s the Nasdaq chart:
On another note, this is the first time I’ve actually tried shorting on of Cramer’s “Mad Money” mentions [...]
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