TradingMarkets mid-day movers
Stocks pull back as GDP comes in lower than expected.Â
Crude oil futures trade lower by 0.3% at $60.17.
Thursday‘s
market action created new 10 day intraday highs as well as advancers beating
decliners by 2-1 on both the S&P 500 Index and Nasdaq Composite
(explanations below), which are bearish signals. It will be interesting
to see if we get more bearish signals today and through next week (click
here for more info).
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>
Stocks on the
Move
Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating) Q1 Earnings Rise, Top
Estimates; Guides Q2 Revenue Below Consensus (full
story). MSFT shares rise by over 1%.
Sun Microsystems
(
SUNW |
Quote |
Chart |
News |
PowerRating) Q1 Loss Narrows On
Strong Revenue Growth (full
story). SUNW shares are trading higher by 3%.
Chevron
(
CVX |
Quote |
Chart |
News |
PowerRating) Q3 Profit Surges 40%, EPS
Tops Analysts’ View (full
story). CVX shares move higher by 1%.
Diamond Offshore
(
DO |
Quote |
Chart |
News |
PowerRating) Q3 Profit Doubles (full
story). DO shares trade fractionally higher.
Constellation Energy
(
CEG |
Quote |
Chart |
News |
PowerRating) Q3 Profit Surges
On Higher Gains, Top Line Growth; Lifts FY06 Adj. EPS Outlook; Reaffirms FY07,
FY08 View (full
story). CEG shares are down by nearly 1%.
Baker Hughes
(
BHI |
Quote |
Chart |
News |
PowerRating) Q3 Profit Surges; EPS
From Cont. Ops. Tops Consensus By A Penny; Revenue Climbs 29%; Lifts FY06
Forecast (full
story). BHI shares fall 4%.
NYSE Group
(
NYX |
Quote |
Chart |
News |
PowerRating) Q3 Profit Soars On
Transaction Revenues (full
story). NYX shares rise by nearly 1%.
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>
-22.81
align=middle width=”34%” height=18>
12,140.85
width=”33%” height=16>
NASDAQ
align=middle width=”33%” height=16>
-4.90
align=middle width=”34%” height=16>
2,374.20
width=”33%” height=17>
S&P 500
align=middle width=”33%” height=17>
-4.29
align=middle width=”34%” height=17>
1,384.76
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>
973,173,000
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906,942,000
width=”33%” height=16>
Advances
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1495
align=middle width=”34%” height=16>
1186
width=”33%” height=17>
Declines
align=middle width=”33%” height=17>
1611
align=middle width=”34%” height=17>
1597
width=”33%” height=15>
Up Volume
align=middle width=”33%” height=15>
368
align=middle width=”34%” height=15>
456
width=”33%” height=17>
Down Volume
align=middle width=”33%” height=17>
507
align=middle width=”34%” height=17>
378
width=”33%” height=17>
New Hi’s
align=middle width=”33%” height=17>
199
align=middle width=”34%” height=17>
134
width=”33%” height=17>
New Lo’s
align=middle width=”33%” height=17>
14
align=middle width=”34%” height=17>
23
Strongest
Sectors
Weakest
Sectors
Morgan Stanley Healthcare
Providers Index (RXH)
href=”https://tradingmarkets.com.site/news/Economic%20News/”>
Economic
News
Q3 GDP Price Index – Up 1.8%
Oct. U. Of Mich.
Consumer Sentiment Index At 93.6
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.
10
Day High Alert– This is an alert that the market has hit a 10 day new
high intra-day today. Historically this has meant that when the market is above
its 200 day ma, little progress has been seen over the next 2-5 days (on
average) as the market is either overbought or nearing overbought conditions.
It’s a good place to be taking profits. When the market is below its 200 day ma
and the market hits a new 10 day high, it has been, on average, a good place to
be looking to put on short positions.
Adv.
Issues > Dec. Issues 3 Days In A Row- Too many stocks rising in one
day or over multiple days usually precede a market that will be quiet or drop.
Too many stocks declining in one day or over multiple days usually precede a
market rally, especially when the market is above its 200 day ma.
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