GDP and jobless claims data have sent the futures reeling this morning. So the indices are headed right back into the middle of their recent trading ranges… On Today’s Calendar: 9:45 — Chicago PMI More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic Potential swing trades:
Posted by 30 July 2008
July 30, 2008 Stock Market Recap
Today was apparently time for the larger cap stocks to shine. The S&P 500 and Nasdaq were up almost four times as much as the Nasdaq and almost 3 times as much as the Russell 2000 on a percentage basis. Despite the impressive large cap gains, those indices have just completed round trips over the [...]
Posted by 30 July 2008
Watchlist for July 30, 2008
Posted by 29 July 2008
Watchlist for July 29, 2008
We’re set for a little bounce this morning after yesterday’s shellacking. It looks like those traders who are hoping for a retest of the recent lows will have to wait a bit longer. On Today’s Calendar: 10:00 — Consumer Confidence More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic Potential swing [...]
Posted by 24 July 2008
July 24, 2008 Stock Market Recap
We had a big selloff today but it came on decreasing volume. The indices were short-term overbought so this could be looked at as a well-needed drop just to cool things off a bit. Although the Nasdaq cleared its trendline yesterday it also made a shooting star-like candlestick. That turned out to be a good [...]
