This Will Influence Tomorrow’s Open
The major indexes put in a positive performance for the day
as price action closed out at the top of its daily range. The
Dow and S&P 500 closed right above their 200-day simple moving
averages as the market leading broker/dealers took the top
slot
As Earnings Move To The Forefront, Here Are Two Key Reports For Today
The major averages are higher midday after the release
of a slightly-better-than expected business inventories
number had little effect on price action. Trading has been
quiet on low volume ahead of key earnings announcements
scheduled
Here’s What You Can Do To Prepare For Next Week
The major averages finished the day with losses, as price
action gapped higher on the open, then sold off for the rest
of the morning before drifting sideways into the close.
Better-than-expected data from the PPI, retail sales, and
Michigan sentiment initially attracted buyers, though the
momentum couldn’t be sustained as sellers ruled the day. In
earnings
Here’s How The Focus Has Shifted
Stocks are mixed midday after opening sharply higher on the
heels of positive economic data. PPI, retail, and Michigan
sentiment all provided upside surprises. With the tension of
war no longer the main focus of traders, reactions to
economic data will once again be considered key to gauging
sentiment. Today’s close will tell us what kind of buying or
selling
Look For This Market Mover Tomorrow
Contracted
volatility can lead to an explosion of volatility, so this
may be the calm before the storm that an earnings season
could bring. Tomorrow will be a big day as
What The Market Thinks Of The Retail Data
The major averages are wavering around the unchanged level
midday, as key updates from retail companies are factored in.
The retail sector is slightly positive, as Sears leads the
action with better-than-expected same-store sales. Weighing
the
Here Are Today’s Key Earnings Announcements
The major averages are in negative territory midday after
gaining positive ground in earlier trading on the momentum of
Iraqi citizens and American troops tearing down a statue of
Saddam Hussein in Baghdad. Technology issues are weak, while
the defensive 10-year notes and gold have climbed higher
throughout
What The DNA After-Hours Sell Off Could Mean For Biotechs
The major averages ended the day in negative territory after
going positive in early action while Iraqi citizens and
coalition forces symbolically toppled a statue of Saddam
Hussein. Price action trended down for most of the session in
concurrence with Monday’s reversal day signal. Volume was on
the
Why You Should Watch The Biotechs
The major indexes ended the session slightly down, as price
action held narrow ranges with a short-lived boost on news
Saddam Hussein had been killed. It is not clear at this time
whether or not the Iraqi leader is alive. Lagging today were
the semiconductors on a string of bad news from Microchip,
Marvell
Technology Is Weak Today… Here’s Why
The major indexes are mixed midday after taking a roller
coaster ride on a report Saddam Hussein had been killed by
coalition forces. The story cannot be confirmed at this time,
and prices have retreated from their intraday highs.
Technology issues are weak, with the market-leading
semiconductors
Is This Report A Harbinger?
The major indexes are nicely higher midday on the hells of
positive news from the coalition troops in Baghdad. Price
action gapped up and hit its highs by 10:15 am ET, then
entered
Why This May Be A Key Reversal Day
After a huge gap up on positive war news, the major indexes
then entered a decline and closed at the lows of the day.
Volume was strong, giving the indication of a key reversal
day. Many are now speculating the possibility of a “buy
the war, sell the peace” scenario, as it appears Saddam
Hussein is no longer in control of Baghdad. The market
leading semiconductors and broker/dealers also closed at
their daily lows, though overall breadth was slightly
positive