Category Archives: Equities

The S&P500 Refuses to Rollover, Holds 1450

(click here if chart is not observable)

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The Dow Breakout

The Dow has lagged the S&P500 and Nasdaq this year and may look to play some catch up.  Our friends over at trend-wise.com put together a nice chart here. (click here if chart is not observable)

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In Case You Missed It…..

On Friday, the S&P500 closed at its high of the day for the second consecutive day.  This two-day streak is relatively rare and has happened only fifteen times in the past twenty years (see table below). We are not certain … Continue reading

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The tweet that turned the market

Bill Gross was credited for turning the market around today with the following tweet: PIMCO ‏@PIMCO Gross: Draghi appears willing to write 2-3 year “checks” to peripherals. Very reflationary. Buy gold, TIPS, real assets. Talk about nervous shorts! (click here … Continue reading

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September!

Great charts from our friends over at The Chart Store. September is — ON AVERAGE — the cruelest month for stocks and FedEX is reinforcing the monthly seasonality trading down $3 in AH after warning of global weakness. MEMPHIS, Tenn., … Continue reading

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The Friday Nutcracker

Today’s action felt a bit like the old short covering nutcracker, no? Apple gave it all up at the close as did many of the other big cap faves.    The market got all lathered up about more monetary crack after … Continue reading

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2012 Double Top?

We don’t and nobody knows for certain.  The big reversal in Apple yesterday raises concerns and the whack a mole of the major indices, at least, takes a little complacency out of the market. The big question in our minds … Continue reading

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The S&P500’s Stairway to Heaven

Stunning price action during these low volume dog days of August.   The market keeps marching higher and just won’t go do down to allow the under invested an opportunity to get long. Ugh! The summer night sweats of a money … Continue reading

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Priceline down a hundo in AH

Take a look at this daily bar (including AH trading) . Glad we’re not drinking there. Priceline.com has fallen down the elevator shaft, dropping over $100, or about 16 percent,  in after hours after missing earnings and guiding lower.   The … Continue reading

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Tale of Two Charts: S&P500 and Russell 2000

Interesting divergence between the S&P500 and Russell 2000 in the month of July.   The S&P is in a classic short-term uptrend, making higher highs and higher lows since bottoming in early June.  The Russell, however, after making a short-term high … Continue reading

Posted in Equities, Global Stock Performance | Tagged , | 4 Comments