STTG Market Recap Apr 21, 2015

myl

All major indexes opened up Tuesday but by end of session only the NASDAQ remained in the green as the biotech sector had some merger and acquisition activity in it. The S&P 500 fell 0.15% while the NASDAQ rose 0.39%. The earnings onslaught continued.

The NASDAQ has quickly recovered all of last Friday’s losses now.  The S&P 500 remains range bound.

Continue reading

STTG Market Recap Apr 10, 2015

economy

Indexes had a solid day as a morning lull was followed by buyers stepping in. The S&P 500 gained 0.52% and the NASDAQ 0.43%.

The stock buyback tsunami continues unabated – probably the untold story of this rally. Cheap debt financing has fueled a massive buyback spree which has taken a lot of supply of stock off the market. And since earnings are per share – when the per share amount goes down we get a nice boost.

In 2014, while the S&P 500 rose to record highs, component companies spent $553 billion on share repurchases, according to S&P Dow Jones Indices data – a 16.3 percent increase from the previous year and four times as much as they did in 2009. The buyback spree has accelerated this year. Pending and completed buybacks at all U.S.-based traded companies in the first quarter rose to $179.7 billion compared with $124.2 billion in the first quarter of 2014, up almost 45 percent.

Buybacks may lift earnings per share of companies in the Standard & Poor’s 500 index by between 1.5 and 2 percentage points this year, according to estimates from Voya Investment Management in New York. With earnings estimates now calling for 1.5 percent growth for all of 2015, buybacks could make the difference between positive and negative growth in S&P 500 EPS.

Continue reading

STTG Market Recap Feb 3, 2015

nflx

It was another good day for the indexes and oil as they moved in concert. The S&P 500 gained 1.44% and the NASDAQ 1.09%. Factory orders for December posted a greater-than-expected decline of 3.4%. Analysts expected a decline for the month, especially with Monday’s weaker ISM manufacturing numbers.

Continue reading

STTG Market Recap July 21, 2014

hlf

Indexes opened quite significantly down on a number of geopolitical items (Russia, Gaza) but a steady line of buyers came in throughout the session and by the end of the day losses were minimal. The S&P 500 fell 0.23% and the NASDAQ 0.17%. There was not much going on in the economic sphere; most were discussing the issues overseas and if there will be any contagion.

Continue reading

STTG Market Recap January 30, 2014

ua

Stocks continued a very volatile week, as we saw another bounce today off short term oversold levels. The S&P 500 added 1.13% and the NASDAQ 1.77%. Facebook’s large gain, which we discussed yesterday, helped lift many boats in the tech sector – Twitter and LinkedIn both had very large gains. January will be a down month and some believe a bad start to the year bodes ill for the entire year but some analysis today noted: “In 12 of the 21 Januarys since 1960 in which stocks traded lower have seen the subsequent 11 months trade higher including four of the last five instances.”

Continue reading

STTG Market Recap October 18, 2013

goog

It is getting frothy out there. We are in the midst of yet another V shaped rally off a bottom, similar to so many during the quantitative easing era. Earnings from Google (GOOG) yesterday seemed to light a fire under all the momentum type of stocks, especially the technology type today. The NASDAQ surged 1.32% and the NASDAQ gained 0.65%, as we have seen an almost straight up move since a week ago Wednesday. We don’t show the 5 day moving average on our charts since it is a very short term indicator but the indexes are as far above their 5 day moving average than they have been at any point in 2013. So we are at a bit of an extreme level.

Continue reading

STTG Market Recap January 16, 2013

gs

It was yet another quiet session on Wall Street as a very similar pattern has played out the past few days. A modest gap down to start the day followed by light buying all day with the indexes closing near the highs of the day. But there has been almost no movement at all in the closing price the past week. The S&P 500 has finished within a 2 point range in this five day period. This lack of progress is however helping work off the overbought condition the market has been in for most of January. The S&P 500 gained 0.02% and the NASDAQ added 0.22% mostly on the back of a big rebound by Apple.

Continue reading

STTG Market Recap Oct 18, 2012

goog

While it didn’t show in the headline numbers, Thursday was one of the more interesting sessions in a long while for markets. A relatively quiet morning was followed by fireworks midday when Google’s (GOOG) earning release was published (still in draft form) about four hours too early. The data was poor, and sent the stock spiraling down some 8 to 10% before the stock was halted for a few hours.

Continue reading

Log, Store, and Analyze Your Trades

Whether you're a new or seasoned investor, the StockTrader.com Trade Journal helps you trade better:
  • Step 1 - Add trades
  • Step 2 - Mark strategies and mistakes
  • Step 3 - Analyze your results
  • Step 4 - Improve your trading
Get Started Now