Market Commentary
Stock Market Update: Housing Woes Continues…
Bad news for housing sector continues as the market tries to find a footing near the new highs. There hasn’t been much going on in the market lately to make it more interesting. It has been a chop-fest at its best. I think the market will exhibit some kind of uptrend heading into the seasonal [...]
Stock Market Update: Bulls In Control…
After the follow-through day on Monday, the market seems to be digesting those big gains from last week by resting here as volume decreases. The follow-through day marks the end of downtrend and confirms the market in uptrend. This doesn’t mean that you go out and start buying stocks randomly. It’s just an indicator that [...]
Stock Market At A Glance - Inching Higher On Lower Volume
Market is trending higher on lower and lower volume after big volume breakdown below key support levels of 50 DMA. Even the news that Warren Buffet’s Berkshire Hathaway (BRK.A) will be acquiring Burlington Northern Santa Fe (BNI), the nation’s second-largest railroad for a record $34 billion could not bring cheers to the market.
Index
Close
Change
% Change
Trend
Dow Jones
9771.91
-17.53
-0.18%
DOWN
S&P [...]
Stock Market At A Glance - Decline Continues…
Major indexes declines on much higher volume and leaders are being pounded left and right while the US dollar seems to be changing the trend here to the upside. This market is now showing major weakness signs and has either broken major support levels or is about to test one. A 10-12% correction followed by [...]
Stock Market At A Glance - Dollar Rallies
Index
Close
Change
% Change
Trend
Dow Jones
9867.96
-104.22
-1.05%
DOWN
S&P 500
1066.95
-12.65
-1.17%
DOWN
Nasdaq
2141.85
-12.62
-0.59%
DOWN
Today’s big drop in the market came on the heels of dollar making a huge swing to the upside on big volume.
After the close, Baidu Inc (BIDU) gets knocked out and sheds 13% (56.98) to close at 375.99 in after-hours trading. Sohu.com (SOHU), another bearer of bad earnings [...]
