Amazingly, growth leaders did squat today…but that’s ok because they are sitting tight. Here is the list. EBAY gapping up in AH so maybe will go back on. AAPL- Setting up well into earnings…but 5th stage base. ALXN- Pullback mode after breaking out…trading sloppy…but stilll strong. BIIB- Sits tight while others pull in…blah…
[email_link] Very important note on the semiconductors, a group I have always put a lot of importance on as they have been a harbinger for the overall market for a very long time. Chart provided by StockChart.com Again, the SOX held the 350 area on “supposed” bad news out of Intel. Yesterday, Intel lowered numbers…
[email_link] More Americans went on disability than found jobs over the last three months, according to fresh figures crunched by the Senate Budget Committee. Underscoring the extent of the recent slowdown in the economy, the startling numbers show that between April and June, a total of 246,000 people enrolled in the Social Security Disability Insurance…
It is early but had to let you know they are pulling the SEMICONDUCTOR move again. INTC reports horrid numbers…but the group is already way way down. Combine it with the SOX at significant support…and you get a contramove up. If this gets legs, it will indeed help the NASDAQ as the NASDAQ has lagged…
It is early but had to let you know they are pulling the SEMICONDUCTOR move again. INTC reports horrid numbers…but the group is already way way down. Combine it with the SOX at significant support…and you get a contramove up. If this gets legs, it will indeed help the NASDAQ as the NASDAQ has lagged…
Futures are down just a bit. INTC coughed one up but is only nominally down. I have seen the semis rally after a big drop when all the bad news is out. Something I am watching as the SOX tries to defend the 350 area which has been defended several times in the past year….
Within the next week or so, you will be receiving these emails from a central site. Also, a trade blotter will be up at the site. Strong day early…weak day early…strong day by close…but it is food,drugs,beverages,tobacco,reits, household products, telcom utilities, utilities that are leading the market. Growth names are simply sitting with some…
[email_link] No wonder after the two years of their unfettered power, we are screwed. (CNSNews.com) – House Minority Whip Steny Hoyer (D-Md.) said Tuesday that food stamps and unemployment insurance are the two “most stimulative” t things you can do for the economy. During a pen and pad briefing with reporters on Capitol Hill, Hoyer was…
[email_link] Sen. Chuck Schumer, D-N.Y., exhorted Federal Reserve Chairman Ben Bernanke to stimulate the economy before November through some form of quantitative easing or other monetary policy, which Bernanke said could create jobs. Continued SOURCE: http://washingtonexaminer.com
[email_link] In what may be the best report ever on stock buybacks, accounting and tax analyst David Zion had this sobering comment: After reviewing the $2.7 trillion in buybacks by the S&P 500 from 2004 through 2011, “it looks like most of the buybacks by the S&P 500 over the past eight years have not yet added…
