Here is the latest trading and free market analysis info on the markets and more...
CNBC:
Market Report: May 6, 2010 -- 4:35 PM ET
Moving the Market:
Technical levels breakdown as selling gains momentum. Greenback gains again to stand at new 52-week high against competing currencies. Weekly jobless claims count comes with little overall surprise. Geithner to speak at 9:00 AM ET and Bernanke to speak at 9:30 AM ET.
Sector Watch:
Strong:
gold
Weak:
photo products; commercial printing; real estate services; building products; homebuilding; apparel retailers; specialty stores; industrial REITs; industrial REITs; diversified REITs
Market Events:
16:35 ET Dow -347.80 at 10520.32, Nasdaq -82.65 at 2319.64, S&P -37.75 at 1128.15
[BRIEFING.COM] Another broad-based wave of high-volume selling sent stocks to their worst percentage loss in more than one year, but things could have been far worse since the Dow was actually down nearly 1,000 points in its worst intraday drop on record.
Weakness was widespread for the entire session as participants showed an aversion to risk. That theme caused sovereign debt credit spreads to widen and many of the global indices to drop so much that the Dow Jones World Index fell 2.7% in its worst single-session percentage slide since February.
U.S. equities found little support as the Dow, Nasdaq, and S&P 500 spent the first part of the session with broad-based losses. Follow through selling caused a breakdown in technical support, including a violation of the 200-day moving average. Selling soon went from frantic to panic as the Dow dropped nearly 500 points in five minutes. That gap down put the Dow nearly 1,000 points into the red.
Though there was talk that a program or system error led to the cascade of selling, media reports indicated that the major exchanges said there was now error on their part.
While stocks had looked to be headed for something awful, computer programmed trades quickly clicked to buy and drove the Dow back up several hundred points in a matter of minutes. The Dow closed almost 650 points above its session low, but it still lost nearly 350 points on the session.
Few were able to stage a gain this session. In fact, some 97% of the names in the S&P 500 logged a loss. Such weakness culminated in the worst percentage loss for the S&P 500 this year. What's more, the benchmark index has now lost more than 6% during the course of the past three sessions, which makes for its worst three-session slide in over 12 months.
Volatility surged as a result of the midafternoon selloff. The Volatility Index was actually up more than 60% at its session high. That put the "fear gauge" to its highest level in more than one year.
An interest in safety drove the dollar to a new one-year high against competing currencies. It finished 0.9% higher.
Most of the greenback's gain came against the euro, which remained weak in the wake of the European Central Bank's decision to keep its target interest rate unchanged at 1.00%, as expected. News that Greece passed planned austerity measures in a nonbinding preliminary vote failed to help the euro, too.
Despite strength in the dollar, market participants chased gold prices to 2010 highs. The yellow metal closed pit trade at $1197.30 per ounce, up 1.6%.
Treasuries also spiked -- so much that the benchmark 10-year Note climbed more than one point and its yield fell below 3.40 for the first time this year.
Trading volume was its highest level all year as more than 2.5 billion shares exchanged hands on the NYSE this session. The heightened participation is frequently associated with increased conviction among market participants.
In economic news, the latest weekly jobless claims count showed 444,000 initial claims were filed for the week ended May 1 and 4.59 million continuing claims were recently recorded. Both were generally on par with expectations, but the data was largely an dismissed ahead of the government's official nonfarm payrolls report tomorrow morning.
Advancing Sectors: (None)
Declining Sectors: Financials (-4.1%), Consumer Discretionary (-3.5%), Energy (-3.4%), Industrials (-3.3%), Tech (-3.3%), Materials (-3.1%), Utilities (-2.7%), Health Care (-2.6%), Telecom (-2.4%), Consumer Staples (-2.4%)
Nasdaq -82.65 at 2319.64... S&P Midcap 400 -3.4... NYSE Adv/Dec 173/26... Nasdaq Adv/Dec 330/2418.
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Weekly & Daily Stock Earnings Calendar:
Company Stock, Earnings Date/Time, Expected EPS
Fuel Systems Solutions FSYS 5/6 8am .93EPS
MGM Mirage MGM 5/6 8am -.26EPS
Crocs CROX 5/6 4pm .02EPS
MercadoLibre MELI 5/6 4pm .20EPS
Dendreon DNDN 5/7 8am -.42EPS
Hansen Natural HANS 5/7 8am .47EPS
Rentech RTK 5/7 8am -.06EPS
AgFeed FEED 5/10 8am .13EPS
Blockbuster BBI 5/10 8am -.15EPS
China Agritech CAGC 5/10 8am .21EPS
Interoil IOC 5/10 8am .11EPS
Keryx Biopharmaceitcals KERX 5/10 8am -.07EPS
Wal Mart WMT 5/10 8am .86EPS
Priceline.com PCLN 5/10 4pm 1.72EPS
Jaso Solar JASO 5/11 8am .19EPS
Toyota Motor Co TM 5/11 8am
Canadian Solar CSIQ 5/12 8am .17EPS
Cisco Systems CSCO 5/12 4pm .39EPS
Dryships DRYS 5/12 4pm -.06EPS
Whole Foods WFMI 5/12 4pm .34EPS
Urban Outfitters URBN 5/13 8am .30EPS
Blockbuster BBI 5/13 4pm -.16EPS
Nvidia NVDA 5/13 4pm .22EPS
CNBC:
Reuters News:
Thursday, May 6, 2010
Saturday, March 6, 2010
Market update 03/05/2010 - Free Stock Market Analysis
Here is the latest trading and free market analysis info on the markets and more...
Today’s Market Report, March 5 2010.
Apple (AAPL) was up 8.24 closing at 218.95 today setting a new high for the company. Looking at the Apple chart, as we can see from this chart Apple has definitely risen up in this channel that it has been trading in for the past four or five months, and as we can see here it looks like Apple may be getting toppy in this channel at around the 220 to 223 level.
Looking at a daily chart we can see that Apple (AAPL) is trading above its 50MA, 20MA and 200 day moving average. On the weekly chart Apple is trading well above its 20MA, 50MA, and 200MA and looking strong.
CNBC:
March 05, 2010 -- 16:30 ET
Moving the Market
February payrolls report shows smaller-than-expected decline. Financials show leadership for second straight session. Greenback gyrates.
Sector Watch:
Strong
employment services; computer and electronics; office electronics; coal and consumable fuel; oil and gas refiners; construction materials; consumer finance; industrial REITs; residential REITs
Weak
fertilizer and agricultural chemicals
Market Events
03/05/2010 16:30 ET Dow +122.06 at 10566.20, Nasdaq +34.04 at 2326.35, S&P +15.73 at 1138.70:
[BRIEFING.COM] A smaller-than-expected decline in February nonfarm payrolls provided participants with a reason to bid stocks broadly higher, but financials booked the best gains for the second straight session.
Stocks spent the entire session in higher ground. The positive mood on Wall Street was reinforced by the latest Nonfarm Payrolls Report, which showed that just 36,000 jobs were lost in February when a decline of 68,000 had been widely expected. Additionally, the unemployment rate for February came in at 9.7%, which is below the 9.8% rate that had been widely forecast and unchanged from the January rate.
There had been some concern ahead of the jobs report that inclement weather in February might distort the figures, but a note from the Bureau of Labor Statistics (BLS) indicated that weather might not have been as large a factor as some had suggested. That helped legitimatize the smaller-than-expected drop in payrolls.
Though the unemployment rate still stands at an uncomfortable level, participants took heart that the data pointed to an improved outlook for the job environment.
Given that stronger labor conditions are expected to go hand in hand with a stronger economy, the greenback bounced from the flat line to a 0.4% gain as participants quickly considered the implications of a stronger economy on monetary policy. The dollar failed to sustain its gain, though; it finished fractionally lower.
Meanwhile, stocks put together their best percentage gain in two weeks as more than 90% of the names in the S&P 500 pushed higher. The stock market initially encountered some resistance, but it was able to regroup and climb to a new one-month high.
Financials provided leadership for the second straight session. This time they settled with a 2.0% gain as all 79 components in the S&P 500 financial sector advanced. Consumer finance stocks (+3.2%) were among the strongest performers, despite a downgrade of Capital One Financial (COF 37.94, +1.10) by analysts at Goldman Sachs.
Energy stocks weren't far behind. The sector advanced 1.8% with help from higher oil prices, which hit a fresh one-month high of $82.07 per barrel before they settled with a 1.6% gain at $81.50 per barrel.
Oil also provided support for the CRB Commodity Index, which closed with a 0.8% gain.
Trading volume remained rather unimpressive as little more than 1 billion shares exchanged hands on the NYSE this session. That has been a recurring theme, though. Specifically, trading volume this week averaged fewer than 1 billion shares per session.
Though the lack of participation would imply a lack of conviction among market participants, many investors still saw their money grow as the S&P 500 climbed to a weekly gain of more than 3%.
Advancing Sectors: Financials (+2.0%), Energy (+1.8%), Consumer Discretionary (+1.6%), Industrials (+1.5%), Tech (+1.4%), Materials (+1.4%), Health Care (+1.2%), Utilities (+1.1%), Consumer Staples (+0.5%), Telecom (+0.1%)
Today’s Market Report, March 5 2010.
It looks like the markets are still in an upward trend, as you can see from this SPY (S&P 500 ETF) chart, the market dip back in February 2010 and is continuing its recovery. The recovery started back in March 2009, and looks like it wants to test the recent highs set in mid January 2010. So looks like we’re still in recovery mode here as far as the markets are concerned. Will see what happens when we approach the 115 level on the SPY, if we get a double top we may definitely see this market pullback and trade in a channel for a little while between 105 and 115 area. Otherwise if we break above the 115 level we may see this market continue to rise to new highs set in recent months with resistance at the 123 level in the form of the 200 day moving average on a weekly chart. We’ll see what happens at this level of 115.
SPY gapped up today in early trading due to a better than expected unemployment numbers. SPY was up 1.61 and closed today at 114.25 falling just short of the recent highs of 115.08. SPY is trading above its 50, 20 and 200 period moving averages on a daily chart. On the weekly chart the SPY is trading below the 200SMA and above 20SMA, as well as the 50SMA at the 100 level.
Apple (AAPL) was up 8.24 closing at 218.95 today setting a new high for the company. Looking at the Apple chart, as we can see from this chart Apple has definitely risen up in this channel that it has been trading in for the past four or five months, and as we can see here it looks like Apple may be getting toppy in this channel at around the 220 to 223 level.
Looking at a daily chart we can see that Apple (AAPL) is trading above its 50MA, 20MA and 200 day moving average. On the weekly chart Apple is trading well above its 20MA, 50MA, and 200MA and looking strong.CNBC:
March 05, 2010 -- 16:30 ET
Moving the Market
February payrolls report shows smaller-than-expected decline. Financials show leadership for second straight session. Greenback gyrates.
Sector Watch:
Strong
employment services; computer and electronics; office electronics; coal and consumable fuel; oil and gas refiners; construction materials; consumer finance; industrial REITs; residential REITs
Weak
fertilizer and agricultural chemicals
Market Events
03/05/2010 16:30 ET Dow +122.06 at 10566.20, Nasdaq +34.04 at 2326.35, S&P +15.73 at 1138.70:
[BRIEFING.COM] A smaller-than-expected decline in February nonfarm payrolls provided participants with a reason to bid stocks broadly higher, but financials booked the best gains for the second straight session.
Stocks spent the entire session in higher ground. The positive mood on Wall Street was reinforced by the latest Nonfarm Payrolls Report, which showed that just 36,000 jobs were lost in February when a decline of 68,000 had been widely expected. Additionally, the unemployment rate for February came in at 9.7%, which is below the 9.8% rate that had been widely forecast and unchanged from the January rate.
There had been some concern ahead of the jobs report that inclement weather in February might distort the figures, but a note from the Bureau of Labor Statistics (BLS) indicated that weather might not have been as large a factor as some had suggested. That helped legitimatize the smaller-than-expected drop in payrolls.
Though the unemployment rate still stands at an uncomfortable level, participants took heart that the data pointed to an improved outlook for the job environment.
Given that stronger labor conditions are expected to go hand in hand with a stronger economy, the greenback bounced from the flat line to a 0.4% gain as participants quickly considered the implications of a stronger economy on monetary policy. The dollar failed to sustain its gain, though; it finished fractionally lower.
Meanwhile, stocks put together their best percentage gain in two weeks as more than 90% of the names in the S&P 500 pushed higher. The stock market initially encountered some resistance, but it was able to regroup and climb to a new one-month high.
Financials provided leadership for the second straight session. This time they settled with a 2.0% gain as all 79 components in the S&P 500 financial sector advanced. Consumer finance stocks (+3.2%) were among the strongest performers, despite a downgrade of Capital One Financial (COF 37.94, +1.10) by analysts at Goldman Sachs.
Energy stocks weren't far behind. The sector advanced 1.8% with help from higher oil prices, which hit a fresh one-month high of $82.07 per barrel before they settled with a 1.6% gain at $81.50 per barrel.
Oil also provided support for the CRB Commodity Index, which closed with a 0.8% gain.
Trading volume remained rather unimpressive as little more than 1 billion shares exchanged hands on the NYSE this session. That has been a recurring theme, though. Specifically, trading volume this week averaged fewer than 1 billion shares per session.
Though the lack of participation would imply a lack of conviction among market participants, many investors still saw their money grow as the S&P 500 climbed to a weekly gain of more than 3%.
Advancing Sectors: Financials (+2.0%), Energy (+1.8%), Consumer Discretionary (+1.6%), Industrials (+1.5%), Tech (+1.4%), Materials (+1.4%), Health Care (+1.2%), Utilities (+1.1%), Consumer Staples (+0.5%), Telecom (+0.1%)
Declining Sectors: (None)
Nasdaq +34.04 at 2326.35... S&P Midcap 400 +1.5... NYSE Adv/Dec 2581/478... Nasdaq Adv/Dec 2152/554.
If you find these videos or info to be helpful please Tip or donate - <<<<>>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
Company Stock, Earnings Date/Time, Expected EPS
Urban Outfitters URBN 3/5 8am .39EPS
Vivus VVUS 3/5 8am -.24EPS
Freddie Mac FRE 3/8 8am N/A
Somaxon Pharma SOMX 3/8 8am N/A
Brigham Exploration BEXP 3/8 4pm .03EPS
Discovery Labs DSCO 3/8 4pm -.06EPS
Sunesis Pharma SNSS 3/8 8am -.14EPS
Yingli Green YGE 3/8 8am .15EPS
E House Holdings EJ 3/9 4pm .37EPS
J. Crew JCG 3/9 4pm .48EPS
American Eagle AEO 3/10 8am .34EPS
Clean Energy Fuels CLNE 3/10 8am -.03EPS
Hot Topic HOTT 3/10 4pm .19EPS
IMAX IMAX 3/11 8am .09EPS
Rite Aid RAD 3/11 8am -.18EPS
Aeropostale ARO 3/11 4pm 1.44EPS
Wave Systems WAVX 3/11 4pm ??
Zumiez ZUMZ 3/11 4pm .28EPS
Ann Taylor ANN 3/12 8am -.03EPS
GenVec GNVC 3/12 8am -.04EPS
Smith & Wesson SWHC 3/12 8am Flat
AgFeed FEED 3/15 8am .11EPS
Energy Conversion Devices ENER 3/15 8am -.75EPS
CNBC:
Reuters News:
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
Nasdaq +34.04 at 2326.35... S&P Midcap 400 +1.5... NYSE Adv/Dec 2581/478... Nasdaq Adv/Dec 2152/554.
If you find these videos or info to be helpful please Tip or donate - <<<<>>>>.
We appreciate all donations, please help keep this site free for all to see and profit from. You can also help by checking out the great products and services advertised on this blog or website. Thanks again.
Please Feel free to share this blog with your family and friends, Thanks!
If you would like please comment below.
Weekly & Daily Stock Earnings Calendar:
Company Stock, Earnings Date/Time, Expected EPS
Urban Outfitters URBN 3/5 8am .39EPS
Vivus VVUS 3/5 8am -.24EPS
Freddie Mac FRE 3/8 8am N/A
Somaxon Pharma SOMX 3/8 8am N/A
Brigham Exploration BEXP 3/8 4pm .03EPS
Discovery Labs DSCO 3/8 4pm -.06EPS
Sunesis Pharma SNSS 3/8 8am -.14EPS
Yingli Green YGE 3/8 8am .15EPS
E House Holdings EJ 3/9 4pm .37EPS
J. Crew JCG 3/9 4pm .48EPS
American Eagle AEO 3/10 8am .34EPS
Clean Energy Fuels CLNE 3/10 8am -.03EPS
Hot Topic HOTT 3/10 4pm .19EPS
IMAX IMAX 3/11 8am .09EPS
Rite Aid RAD 3/11 8am -.18EPS
Aeropostale ARO 3/11 4pm 1.44EPS
Wave Systems WAVX 3/11 4pm ??
Zumiez ZUMZ 3/11 4pm .28EPS
Ann Taylor ANN 3/12 8am -.03EPS
GenVec GNVC 3/12 8am -.04EPS
Smith & Wesson SWHC 3/12 8am Flat
AgFeed FEED 3/15 8am .11EPS
Energy Conversion Devices ENER 3/15 8am -.75EPS
CNBC:
Reuters News:
FYI – I have updated the “My Links” page (above on a3holdings.com) with a great collection of trading links, to help you make a more informed investment or trade.
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