Well that was not a pleasant way to end 2014. After 2 weeks of sleepy holiday trading, bulls got punched in the teeth a bit Wednesday as the S&P 500 fell 1.03% and the NASDAQ 0.87%. It was a strange session as the indexes opened up for the day and then went flat line all morning in another sleepy holiday session. Then they took a small dip after noon and stayed there until the last 2 hours when some bouts of selling hit. The Chicago Purchasing Managers’ Index for December came out at 58.3, below expectations. Pending home sales rose just 0.8 percent in November from a downwardly revised October reading.Continue reading
Archives for 2014
Watch tonight’s video market recap on my Ticker.tv channel, Mark333.
Another slow holiday session as the indexes pulled back a bit in a lethargic environment. Since the holidays have began the market just has been very quiet. Today the S&P 500 fell 0.49% and the NASDAQ 0.61% – dip buyers never really showed up today. The December reading of the Conference Board’s consumer confidence index came in slightly lower-than-expected at 92.6.Continue reading
UPDATE – Video archive now available for viewing.
In tonight’s stream I am going to go over all the tools, services, subscriptions, etc I use for my own personal trading. I will be breaking down each one to show you what it is, how I use it, and most importantly why I use it.
Tune in at 9 PM EST and join me for this special New Years broadcast.Continue reading
Today’s short market recap video can be found here. We will be doing a longer session tonight at 8 PM EST on examining 2014’s big losers to see if we can find some opportunities for 2015 – come join me.
It was another quiet holiday session as indexes opened slightly down on some political unrest in Greece but that was followed by buyers coming in early and the rest of the day was flattish. The S&P 500 was up 0.09% and the NASDAQ fractionally higher.
Stocks opened lower amid some pressure on European stocks from Greece’s failure to elect a president in a third round of elections. Greek stocks fell as much as 11 percent on the news, paving the way for a snap election on January 25, 2015. The result did not come as a surprise, with many analysts saying prior to the vote that the Greek government needed a “miracle” to avoid a general election.Continue reading
What is oil’s big crash? What about Baba’s (BABA) record setting IPO?
Tune in at 8 PM EST on Kunal’s Ticker.tv channel to find out!Continue reading
Today’s video market recap can be found here.
This entire week has been a typical “holiday week trading” atmosphere and today was no different. Indexes gapped up at the open, and then basically did nothing the rest of the day. The S&P 500 gained 0.33% and the NASDAQ 0.70%. It is doubtful next week will be too much different. Biotechs were an area of broad strength today which helped the NASDAQ outperform.Continue reading
Today’s market recap video here. We also did a special mid afternoon video during market hours where we tagged through a bevy of charts.
Tuesday was just another typical quiet holiday market day; the averages were mixed with the S&P 500 up 0.17% and the NASDAQ down 0.33%. Weakness in the biotech space (more on that later) hurt the NASDAQ. Tuesday’s economic reports had the U.S. economy soaring by 5 percent in the third quarter, the most rapid pace since the same period of 2003, while a separate report had orders for durable goods unexpectedly dropping in November. Other reports had consumer sentiment at 93.6 in December versus a 93.5 estimate and the sale of new single-family homes falling for a second month in November.Continue reading