Today’s Trading
Before Market Opens
Asian Markets Closed Up while Europe is currently Trading slightly Down.
Metals were Up Big overnight.
The Stock Indexes are Up some now: @ 07:30.ET — QQQQ=57.24 . . . SPY=129.71
Stocks extended gains yesterday despite disappointing earnings from Citigroup, which dragged the banking sector lower. Investor sentiment is extremely positive right now and that’s a risky time for the market. After the market closed, Apple reported a record jump in quarterly earnings and sales, driven by strong demand during the holiday season. IBM gained 2.4% in extended trading after the company reported better-than-expected Q4 earnings.
Today’s Trading
Before Market Opens
Global Markets are Flat to Up some
@ 09:00 — QQQQ=56.56 . . . SPY=129.20
Stocks have shrugged off disappointing economic reports, looking instead to this week’s earnings in the technology and financial industries. Investors also want to see what company management says about hiring prospects. They want to see jobs growth. Apple, Google, and IBM will also report this week. According to our estimates, bullish sentiment fades away. Upside seen limited. The market is due for a correction in 2-3 weeks. check out OptionSmart for even more information!
Overnight/PreMarket was Down and is now
Weekend Analysis and New Stock Picks
A few words about the current trading environment and then some new stock picks for this week . . .
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Bull/Bear Sentiment : 57% Bullish, 19% Bearish
AAII Sentiment : 1/2 Bullish, 1/4 Neutral, 1/4 Bearish . . . the Long-Term Average is : 1/3, 1/3, 1/3
The masses are too Bullish . . . I think this leads to a Short-Term correction in the General Market Indexes real soon.
However, my pick over this week or three is the Coal Industry.
My favorites More...
Today’s Trading
Before Market Opens
Global Markets are Down except Hong Kong was Up slightly. The US PreMarket is Down some. @ 07:40.ET — QQQQ=56.49 . . . SPY=128.03
Stocks took a breather and ended lower ahead of Intel’s earnings. The session got off to a weak start following disappointing reports on jobless claims and inflation. The key reason that traders are still buying stocks is they’re anticipating a strong earnings season. Eurozone jitters have led to choppy trading this week and that’s likely to continue in the near term. After hours, Intel reported the best Q4 earnings in company history
Today’s Trading
Before Market Opens
Global Markets are mostly Up .. with London slightly Down and the U.S. Pre-Market mixed to flat. @ 07:50.ET — QQQQ=56.62 . . . SPY=128.73
Yesterday, positive news from Europe sent stocks to their best levels in more than two years. The financial sector was spurred to a 1.7% gain. Despite the lagging housing market, the Fed reported bright spots in manufacturing, retail, and non financial services sectors. Nvidia jumped 15% on upbeat reviews of its recent initiatives in the tablet and smartphone sectors. Symantec rose on Citigroup upgrade. The implied volatility drifted lower on renewed
Today’s Trading
Before Market Opens
Global Markets are all Up now . . pointing to an Up Open in the USA today.
@ 08:00.ET — QQQQ=56.44 . . . SPY=128.18
Yesterday, stocks finished higher, as investors’ attention turned toward corporate earnings. Alcoa kicked off the reporting period late Monday with better-than expected results but slipped 1%, amid worries about the aluminum producer’s rising raw material supply costs. We expect quarterly earnings to continue to surprise on the upside, which would push stocks upward in the short-term. However, the market is poised for a mild correction in 2-3 weeks. check out
Today’s Trading
Before Market Opens
Global Markets are Up with only Japan slightly Down. @ 07:50.ET : QQQQ=56.32 … SPY=127.45
Yesterday stocks ended mostly lower following a sell-off in European markets, as investors worried about a possible bailout for Portugal. The Nasdaq managed to turn higher in the afternoon. Meanwhile, investors digested a slew of corporate merger deals and geared up for the start of fourth-quarter corporate results. The market had factored in a good jobs report, so anything less than expected is always going to be a disappointment. The implied volatility inched lower. check out OptionSmart for
Today’s Trading
Before Market Opens
Global Markets are Down some with only Japan being slightly Up. The US stock indexes/futures are currently slightly Down. @0815 : QQQQ=55.66 . . SPY=126.53
Friday, stocks came off session lows but ended weaker Friday afternoon after a court ruled against Wells Fargo and US Bancorp in a foreclosure case. The ruling sparked a sell off in bank stocks that rippled through the broader market. The U.S. economy added slightly fewer-than-expected jobs in December, but the unemployment rate edged lower than economists had anticipated. Despite the lackluster week, stocks have had a good start to the
WEEKEND ANALYSIS
This is my research for Trading this coming week . . . including a new stock to own.
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The General Market is definitely Over-Bought and has been consolidating/distributing recently.
I am leery of Opening Uppers here and prefer to wait for pull-backs . . but am ready to jump on board Up if she breaks out above previous Highs.
Let’s look at some good things to keep an eye on:
1 – here’s the first thing that jumps out at me: the Baltic Dry Index, which portrays the health of More...
Today’s Trading
Before Market Opens
Asia Closed today’s session Mixed .. slightly Up/Down. The US stock index futures are currently slightly Down.
Yesterday investors mulled a rise in jobless claims and softer-than-expected same-store retail sales ahead of the December jobs report due today. Stocks have trended upward this week, as positive economic reports have buoyed investor confidence about the recovery. Apple launched its online Mac App Store with more than 1,000 free and paid software applications. Retailers also lagged in the wake of a soft round of December same-store sales figures, which largely fell short of analysts’ expectations. The implied volatility inched More...
Today’s Trading
Before Market Opens
Everyone except China is slightly Up for the day.
Traders are generally more optimistic about the economy in 2011. Reports signaled a brightening jobs picture. The Nasdaq was led by a handful of tech plays, namely Apple. Qualcomm was also strong after it confirmed plans to acquire Atheros. The dollar advanced 1.0% against a collection of competing currencies. The implied volatility slipped on strengthening market optimism. check out OptionSmart for even more information!
Remember, big Jobless Claims Report out this morning.
The US-Dollar Index is in a Bull-Trend and is
Today’s Trading
Before Market Opens
USA, Europe, China, Japan are slightly Down while Hong Kong is slightly Up for the day.
Stocks ended mixed yesterday as investors mulled over reports on auto sales, factory orders and the Fed’s meeting. The market needs some downside relief after a month-long runup. Ford rose 0.8% after the company reported December sales were up 4% from a year ago. Reports on jobless claims and manufacturing are on tap later in the week, and the government’s closely-watched jobs report is due Friday. check out OptionSmart for even more information!
$SPX=1262.60 and QQQQ=54.90 are Major Supports
Today’s Trading
Before Market Opens
Everything around the world is looking good so far this morning … including US Stock Futures.
S&P-500 E-Mini Futures Contract (/ES): watch the 1262.25 level for Bull/Bear trend . . also Support is at 1254.25.
The first week of the year is Seasonally Up, so I wouldn’t read too much into the first few Trading days of 2011. I personally will be letting things settle Down first. Also, I may be looking to take Big Profits on our Gold and Silver positions we recommended to put on last year.
Manufacturing and construction data stoked optimism about the More...
Today’s Trading
Before Market Opens
There is somewhat of a Global Market rally today .. with Japan Down Big instead and the London Market is Closed.
The first week of the year is Seasonally Up, so I wouldn’t read too much into the first few Trading days of 2011. I personally will be letting things settle Down first. Also, I may be looking to take Big Profits on our Gold and Silver positions we recommended to put on last year.
Members, continue reading this post below with Trading Charts and Commentary tonight regarding today’s trading.
After Market Close
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The General Markets More...
Where to from here ??
These clear signs in the current Stock Market environment are shown on the Charts and point towards a fairly clear direction . . . Premium Members can keep reading this for more details:
[s2If current_user_can(access_s2member_level1)] These four statistics usually lead to a dramatic decline in the Stock Market (from John Hussman)
- S&P 500 more than 8% above its 52 week exponential average
- S&P 500 more than 50% above its 4-year low
- Shiller S&P-500 P/E greater than 18
- 10-year Treasury yield higher than 6 months earlier
and they all currently exist !!
1 : at 10%, the S&P-500 is greater than More...
GoLD and SiLVer
Everyone has been talking about buying gold for quite some time now. Don’t you wish you had listened! .. but who knew. So, is it now too late to get in ??
I recommend doing what I’ve been doing and using the simple tools I use . . .
1 – Buy on Dips that Hold important Indicator and/or Price levels
2 – Keep Buying and Holding within the Trend .. Bank Profits when the Trend ends
3 – use one or two simple Tools to identify Trend Starts and Ends
Long-Term Trend and Pivot lines work wonders and lower the risk in your Trading:
GoLD Weekly
Be sure to Add SiLVer to your Metal Portfolio . . .
and use one or two simple Tools to identify Trend Starts and Ends
Daily SiLVer Chart
These are the kinds of things I teach for Trading ETFs (like QQQQ and SPY) as well as other Stocks I scan for and point out to Members here.
WELCOME !!
I am redesigning the Home Page here . . . it will take a few weeks to perfect. Until then, MEMBERS can still access their data and my Commentaries here: http://www.stocksdoc.com/_members_/ . AND . . . Before Market Opens (BMO) Commentary is still located here: http://www.stocksdoc.com/BMO.php . Just striving to make this place better than ever! . . . with more information, education, tools, and Profits.
