The market showed some amazing volatility today and in the end the buyers were able to stamp what may be a low that can hold for a few days. Big volatility accompanied by large volume often leads to turning points in the market, and after … Read More
Oh there goes gravity I’m glad to be a trader.Failure of 145.00 in SPY along with new lows in Semis and IWM paints a dark pcture for the bulls.
The HPQ news was sold into for that stock, but the Nasdaq leaders (AAPL, BIDU, GOOG, ISRG & RIMM) have all found buyers and their strength has lifted the confidence of the market. The SPY is back above 145 and holding above that level could … Read More
Hewlett Packard (HPQ) is trading up to the 50 day moving average in the pre-market and a lot of hope has been pinned on this stock to help turn the market around. My bet is that the earnings from this one company just aren’t important … Read More
at the Nasdaq market leaders; Apple Inc. (NASDAQ: AAPL), Baidu.com Inc. (Nasdaq:BIDU), Google Inc. (Public, NASDAQ:GOOG) and Research in Motion (NASDAQ: RIMM). These stocks have slowed their descents but the evidence of a turn higher still isn’t there yet. This video takes a look at … Read More
Failed expectations for a Thanksgiving week rally led to some frustrated selling today as the market doesn’t seem to want to pause in its move lower for a holiday. This continues to be a treacherous environemnt and we may see buying later in the week, … Read More
for Google Inc. (Public, NASDAQ:GOOG). The stock tested the rising 50 day MA again today and while the short term trend (shown on this 10 minute chart) is still lower, the rate of descent has definitely slowed. On Friday I outlined the divergence between price … Read More