Markets make a comeback to finish positive
Major indices close fractionally higher. Crude oil
futures fall by $1.57 to $59.59.
Thursday‘s
market action created 3 consecutive closes in the same direction and 3
consecutive intraday higher highs on both the SPX and NDX
(explanations below). These are both bearish signals and mark
a coming pullback. It will be interesting to see if we get more
bearish signals this week (click
here for more info).
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>
Stocks on the
Move
Boeing Co.
(
BA |
Quote |
Chart |
News |
PowerRating) Is Climbing After Winning A
Helicopter Contract (full
story). BA shares rise by 0.6%.
California Pizza Kitchen
(
CPKI |
Quote |
Chart |
News |
PowerRating) Lowered
Its Q4 Earnings Outlook (full
story). CPKI shares fall by 1.2%.
Hecla Mining
(
HL |
Quote |
Chart |
News |
PowerRating) Swings To Profit In Q3 (full
story). HL shares fall by over 6%.
Fuel Systems Solutions
(
FSYS |
Quote |
Chart |
News |
PowerRating) Reported A
Q3 Profit (full
story). FSYS shares soar by over 24%.
Pacific Sunwear Of California
(
PSUN |
Quote |
Chart |
News |
PowerRating) Is
Heading Higher On Q3 News (full
story). PSUN shares jump nearly 8%.
AIG
(
AIG |
Quote |
Chart |
News |
PowerRating) Q3 Profit More Than Doubles, Tops
Consensus (full
story). AIG shares rise by 2%
Disney
(
DIS |
Quote |
Chart |
News |
PowerRating) Q4 Profit More Than Doubles (full
story). DIS shares fall by 3.5%.
For more stories as they happen, go to our href=”https://tradingmarkets.com.site/news/Breaking%20News/”>Breaking
News section.
width=”33%” height=18>
Dow
align=middle width=”33%” height=18>
+5.13
align=middle width=”34%” height=18>
12,108.43
width=”33%” height=16>
NASDAQ
align=middle width=”33%” height=16>
+13.71
align=middle width=”34%” height=16>
2,389.72
width=”33%” height=17>
S&P 500
align=middle width=”33%” height=17>
+2.57
align=middle width=”34%” height=17>
1,380.90
width=”33%” height=17>
align=middle width=”33%” height=17>
size=2>NYSE
align=middle width=”34%” height=17>
size=2>NASDAQ
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Volume
align=middle width=”33%” height=17>
2,288,975,000
align=middle width=”34%” height=17>
1,653,745,000
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Advances
align=middle width=”33%” height=16>
2077
align=middle width=”34%” height=16>
1793
width=”33%” height=17>
Declines
align=middle width=”33%” height=17>
1167
align=middle width=”34%” height=17>
1218
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Up Volume
align=middle width=”33%” height=15>
1104
align=middle width=”34%” height=15>
820
width=”33%” height=17>
Down Volume
align=middle width=”33%” height=17>
962
align=middle width=”34%” height=17>
673
width=”33%” height=17>
New Hi’s
align=middle width=”33%” height=17>
201
align=middle width=”34%” height=17>
104
width=”33%” height=17>
New Lo’s
align=middle width=”33%” height=17>
19
align=middle width=”34%” height=17>
51
Strongest
Sectors
Weakest
Sectors
Nasdaq
Transportation Index (TRANX)
Index (XBD)
href=”https://tradingmarkets.com.site/news/Economic%20News/”>
Economic
News
No economic reports released today.
DHelvetica>arren Wong
darrenw@tradingmarkets.com
face=Arial color=#000000 size=2>
Use our
most
popular trading tool to find out how your stocks will move in the next 5
days.
3 Consecutive Closes Same
Direction– Three consecutive higher closes many times leads to a
short-term quiet market over the next few days when the market is above its 200
day ma. When it’s below, 3 consecutive higher closes has been an excellent time
to enter short positions.
The opposite is true for 3 consecutive lower
closes. When its occurred above the 200 day ma, it’s been a good time to be a
buyer. Below the 200 day, its been a good place to lock in short profits.
3
Higher Highs In A Row and 3 Lower Lows In A Row– The same tactics
applied to 3 consecutive closes in the same direction apply here. 3 higher highs
identifies a market that is overbought, especially when its below its 200 day
ma. 3 consecutive lower lows is an excellent time to be looking for long
positions when the market is above its 200 and to be locking in short positions
when its below its 200 day.
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