Choppy trade in the early going gave way to moderate selling pressure. Unable to overcome it, stocks suffered varied losses. After the close, GLF, LHO, HLX, ESRX, LNET, QCOR, QEP, AEA, ARII, CSGP, FR, IFSIA, KAI, KBR, LOOP, NEWP, PCTI, TWI, TYL, AWAY, CLW, ELGX, NUVA, FLS, SM, UAN, VOLC, BLKB, DRCO, HR, HTZ, MANT, [...]
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A Beautiful Intraday Winning Trade Using the MACD with WLT
Today there were many great trading calls in our chat room, but I’d like to bring your attention to a trade we made in $WLT (Walter Energy Inc.) that was a perfect setup and a great example of how to keep things simple and use only a few indicators to get the best results. Nothing [...]
After Market Close – Stocks Suffer Varied Losses
4:30 PM ET Choppy trade in the early going gave way to moderate selling pressure. Unable to overcome it, stocks suffered varied losses. Although Asia’s major averages advanced in overnight action, selling in Europe imbued the early bias. Without any leadership stocks were left to trade with little direction. Market participants were dealt only a [...]
Mid Day – Energy Issues Fight to Stay Positive
12:00 PM ET Stocks recently slipped to set new session lows. The move lower has been led by financial stocks, which are now wrestling with a collective loss of about 1.0%. Energy stocks make up the only sector still in positive territory, but even they have been dragged lower. As a group energy stocks are [...]
Before Market Open – A Touch of Selling Interest
8:05 AM ET S&P futures vs fair value: -2.10. Nasdaq futures vs fair value: -2.50. The major equity averages finished the prior session in mixed fashion, but this morning there is a moderately negative tone that has come in conjunction with weakness in Europe, where some manufacturing numbers failed to impress. The dollar is displaying [...]
After-Hours Report: DELL -4.8%, BRCD +6.0%, LZB +5.1% Following Earnings/Guidance
The Dow’s failure to overtake the psychologically significant 13,000 line left stocks to drift lower for a mixed finish. Commodities put on an impressive performance, though. After the close, CAKE, NFX, BAS, NBR, RRC, ZIXI, CYH, ITC, WIRE, CAP, EXR, IPCM, SONS, FST, GTY, HLF, PSB, WINN, BALT, CHSI, DX, FIRE, GNK, PZZA, TRGT, TXRH, [...]
After Market Close – Mixed Finish
4:30 PM ET The Dow’s failure to overtake the psychologically significant 13,000 line left stocks to drift lower for a mixed finish. Commodities put on an impressive performance, though. A modestly higher open was quickly challenged by sellers, but support for the broad market near the neutral line helped restore buying interest. However, the ensuing [...]
Mid Day – Overall Gains Remain Modest
12:00 PM ET Stocks are still sporting modest gains, unable to extend their advance after the Dow flinched at the 13,000 line. Commodities continue to sporty heady gains, however. That has the CRB Index up nearly 1%. Crude oil, up 1.5% to $105.15 per barrel, and gold, up 1.7% to $1755 per ounce, are standouts [...]
Before Market Open – Greece to Get Second Bailout
8:05 AM ET S&P futures vs fair value: +2.20. Nasdaq futures vs fair value: -0.50. Traders return to action today after taking Monday off in observance of Presidents Day. At the moment the mood is subdued with stock futures pointing to a flat open. Europe’s bourses have actually moved lower in the wake of news [...]
Weekly Wrap – Stocks Modestly Extend Climb
4:30 PM ET The broad market mustered a modest gain on Friday, feeding a 1.4% gain for the week. The climb has the S&P 500 at a new nine-month high. A steady climb in the prior session was followed by only modest buying this morning. Many participants seemed hesitant to commit new money to the [...]