the line at the side is needed for index to break above it before reconsider adding positions
Thursday, February 4, 2010
Nasday wednesday 3 feb10
the line at the side is needed for index to break above it before reconsider adding positions
S&P500 wednesday 3 feb10
the line at the side is needed for index to break above it before reconsider adding positions
Tuesday, February 2, 2010
Stocks Climb, As Higher Volume Bolsters Advance
Stocks marched higher for the second straight day Tuesday, amid a round of mixed earnings, a dip in the dollar and mostly upbeat housing data.
The S&P 500 climbed 1.3%, closing back above short-term resistance at the 1100 level. The NYSE also picked up 1.3%, while the Dow and Nasdaq gained 1.1% and 0.9%, respectively. They all remained below their 50-day moving averages. It's still too soon to tell if they've bottomed.
Volume rose on both major exchanges. That signaled institutional buying, a rarity in recent weeks. Including Tuesday, the Nasdaq has risen in heavier volume in just four sessions since the start of the year. The NYSE composite fared slightly better, with five such sessions.
Major indexes found their footing shortly after the December pending home sales report. Sales rose 1%, from a 16.4% dive in November.
The December figure was a tad below views, but still pointed to more stabilization in the housing market.
The dollar dipped for a second straight day, again boosting commodities. Oil was up nearly 4% while gold gained about 1%.
The S&P 500 climbed 1.3%, closing back above short-term resistance at the 1100 level. The NYSE also picked up 1.3%, while the Dow and Nasdaq gained 1.1% and 0.9%, respectively. They all remained below their 50-day moving averages. It's still too soon to tell if they've bottomed.
Volume rose on both major exchanges. That signaled institutional buying, a rarity in recent weeks. Including Tuesday, the Nasdaq has risen in heavier volume in just four sessions since the start of the year. The NYSE composite fared slightly better, with five such sessions.
Major indexes found their footing shortly after the December pending home sales report. Sales rose 1%, from a 16.4% dive in November.
The December figure was a tad below views, but still pointed to more stabilization in the housing market.
The dollar dipped for a second straight day, again boosting commodities. Oil was up nearly 4% while gold gained about 1%.
Commodity Stocks Carry Indexes To Soft-Volume Gains
Stocks recouped a bit of their recent losses Monday as the market cheered a manufacturing report.
The NYSE composite led with a 1.8% gain, as metals, energy and other industrial stocks rallied on the better-than-expected factory activity. The S&P 500 surged 1.4%, the Dow 1.2% and the Nasdaq 1.1%.
It was the market's best showing since it started correcting about two weeks ago.
But across the board, volume was about 30% lighter than Friday's total. Given Monday's sharp gains, it was a disheartening amount of trading.
The message was that institutional buying remains lackluster. That has been the predominant pattern in the major indexes the past couple of weeks.
Wall Street opened higher, despite a mixed picture on consumer spending and incomes before the opening bell.
Later, the Institute for Supply Management's January manufacturing index topped forecasts. It was the highest reading since August 2004.
Indexes initially gave up some gains on the news, but bounced back and closed at session highs.
With the market still not showing convincing signs of a bottom, it's smart to remain on the defensive. Remember to sell any stock that falls 7% or 8% from your purchase price. Remember to take profits when prudent.
Most leaders that broke out of bases the past couple of weeks have stalled or come under strong selling.
The NYSE composite led with a 1.8% gain, as metals, energy and other industrial stocks rallied on the better-than-expected factory activity. The S&P 500 surged 1.4%, the Dow 1.2% and the Nasdaq 1.1%.
It was the market's best showing since it started correcting about two weeks ago.
But across the board, volume was about 30% lighter than Friday's total. Given Monday's sharp gains, it was a disheartening amount of trading.
The message was that institutional buying remains lackluster. That has been the predominant pattern in the major indexes the past couple of weeks.
Wall Street opened higher, despite a mixed picture on consumer spending and incomes before the opening bell.
Later, the Institute for Supply Management's January manufacturing index topped forecasts. It was the highest reading since August 2004.
Indexes initially gave up some gains on the news, but bounced back and closed at session highs.
With the market still not showing convincing signs of a bottom, it's smart to remain on the defensive. Remember to sell any stock that falls 7% or 8% from your purchase price. Remember to take profits when prudent.
Most leaders that broke out of bases the past couple of weeks have stalled or come under strong selling.
Sunday, August 16, 2009
Testing launch pad for usa stock & indexes
Hi There Dear Readers
This is a website to create USA stocks watchlist and have an idea on indexes
Best Wishes
This is a website to create USA stocks watchlist and have an idea on indexes
Best Wishes
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