The small-cap Russell 2000 is up 8.5% in a week–time to go short
On Monday, I will add to my short position in the small-cap Russell 2000 by buying more of the ProShares Short Russell 2000 ETF (RWM) for my Jubak Picks Portfolio. This buy will give me two positions in the ProShares Short Russell ETF. The first position, added to the...
Apple revenue falls again, warns holiday quarter will be flat
So let’s see how the market takes this tomorrow. Today stocks staged an impressive upside more. The Standard & Poor’s 500 closed up 1.89% and the NASDAQ Composite ended the day 1.78% higher. The small cap Russell 2000 was the day’s best...
Nevermind–stocks take back yesterday’s gains as traders rethink their interest rate positioning
After climbing 2.60% yesterday, the Standard & Poor’s 500 fell 2.37% today. Same story with the Dow Jones Industrial Average–up 2.83% yesterday, but down 1.34% today. And the NASDAQ Composite–up 2.23% yesterday and down 3.08% today. And the...
Hello 3,800 my old friend, the S&P 500 has come to visit with you again–we still don’t have a trend yet
At the moment 3,800 on the Standard & Poor’s 500 is the place the market wants to be. Tumble toward 3,600 and the June low, and the market rallies as it did on Monday. Threaten to dip much below that 3,800 level as the market did today and stocks move back...
Will today’s huge bounce continue into next week? Here’s my take and recommendations for Monday action
It’s easier to explain why stocks, especially technology stocks, staged a huge rally today, Friday May 13, than to predict whether or not the BIG BOUNCE will continue on Monday. But here’s my take and my recommendation for what to do on Monday....
So what was Monday? A bottom for stocks, just one of those oversold bouncy things, or something else?
Yesterday stocks reversed direction big time. After days of pounding lower the Standard & Poor’s 500 gained 1.89% and the Dow Jones Industrial Average added 1.17% The NASDAQ Composite climbed 3.41% and the NASDAQ 100 tacked on 3.29%. Even the small cap...
Apple, Amazon, Alphabet,Adobe, Applied Materials and other big techs rally hard–rest of stocks not so much
Today, Monday November 29, it’s a tale of two bounces from Friday’s big sell off. Technology stocks and especially big technology stocks are up big. At the close in New York Applied Materials was up 5.53%. Adobe (ADBE) was ahead 3.83%. Nvidia (NVDA) was...
Market overlooks GDP headlines today–mostly
As of the close today, October 29, the Standard & Poor’s 500 was up “just” 1.17%. (The NASDAQ Composite had gained 1.64% and the Dow Jones Industrial Average had picked up 0.52%) I say “just” because after yesterday’s 3.53%...
No bounce after yesterday’s selling
What I like to see–if I’m on the long side of stocks–after a drop like yesterday when the Standard & Poor’s fell 1.86% for its biggest loss in a month and the Dow Jones Industrial Average gave up 2.29%–is a bounce that speaks to...
Stocks rally today–but I’d feel better if volume was higher and the same old big techs weren’t leading the day
Today looks like a strong rally but I’ve got my doubts. At the close the Standard & Poor’s 500 was up 1.60%. The Dow Jones Industrial Average was ahead 1.34%. The technology laden NASDAQ Composite was higher by 2.26%. The NASDAQ 100, dominated by the...
Stocks take a while but deliver expected bounce today
This morning it looked like we might not get the bounce I expected today after the Monday morning sell off and Monday afternoon recovery. The NASDAQ, dominated by the big tech names most likely to bounce today, started Tuesday off in a mild downturn. As of 11:07 a.m....
Market cuts losses in half in afternoon session; NASDAQ 100 bounces into green
At noon today, September 21, the NASDAQ 100, dominated by the big stocks that have led this rally, was down by 1.17%. Shares of Apple (AAPL), were lower by 0.41%. Amazon (AMZN) was off 1.66%. Alphabet (GOOG) was down 2.72%. Facebook (FB) had tumbled 2.10%. Microsoft...
Key stocks close at 50-day moving average–again
Hmmm. Last time a declining technology sector bounced hard, it staged that recovery after hitting the 50-day moving average. Well, guess what? It’s back. For example, Apple (AAPL), a critical bellwether stock in the sector closed today, September 17, at $110.34....
Big tech takes back its gains from yesterday
The Standard & Poor’s 500 was down 1.76% and the NASDAQ Composite fell 1.99% today. But the worst damage was among the big tech names that had led the rally higher and that had bounced yesterday. Microsoft (MSFT) was down 2.80%. Amazon (AMZN) gave up 2.86%....
Tech bounces off 50-day moving average
They’re back. Tech stocks were back big this morning as the NASDAQ bounced off of its 50-day moving average. As of noon New York time, the Standard & Poor’s 500 was up 2.16% and the NASDAQ Composite was ahead 2.69%. The Technology Select Sector SPDR...
Dancing around the 200-day moving average
At 3:00 p.m. New York time, the Standard & Poor’s 500 was up 0.33%to 3012.13. That, not so coincidently, is almost exactly the 200-day moving average for the index at 3012.39. Today, no big bounce after yesterday’s 5.89% drop for the index. Bargain...
People’s Bank signals its goal of an orderly retreat in China’s yuan, and markets recover–somewhat
Stocks rallied today on signs that the People’s Bank intends to deliver an orderly drop in China’s currency. This morning the yuan traded slightly above the critical 7 yuan to the dollar currency band. And the bank said it will sell $4.2 billion in yuan...
Why I can’t put away my bear market worries #4: Consumer sentiment is becoming more negative
Most of the recent sentiment surveys show the same result: While sentiment about current conditions–AKA the present–remains strong, sentiment about conditions 6 to 12 months out is sliding in a pessimistic direction. The recent Bloomberg Consumer Comfort...
Why I can’t put away my bear market worries #3: Money flows that look like a bounce and not like a rally
Rallies share one very important pattern. In a rally more investors and traders want to jump in as prices rise. They’re convinced that rising prices mean that prices will climb even more in the future and so they buy, driving prices higher. Bounces follow a...
Testing, testing: Bounce, rally, or retreat?
U.S. stocks moved toward a key test today with the Standard & Poor’s 500 approaching the 2550 to 2600 level that signals the top of the recent volatility range and likely technical resistance. If the index breaks above this level, the market could run...
Did Monday action signal a (temporary) bottom?
Monday’s big drop in U.S. stocks was unusual in this period of frequent market routs–and unusual in an important way. Even as the market has tumbled day after day, investors haven’t seen a big 90% down day of the kind that signals a (perhaps temporary) capitulation...
Nobody wants to get too far ahead of the news in this stock market
After yesterday’s bounce in riskier bounce-worthy stocks, today the U.S. market is seeing a slight pull back. At 1:30 p.m. New York time the Standard & Poor’s 500 is off 0.34% and the Dow Jones Industrial Average is lower by 0.05%. The NASDAQ...
U.S. stocks want to bounce, but not so sure about a rally
Bounce, yes. Rally, maybe. What the difference? Conviction and duration. The wider market isn’t sure that the bad news on the U.S. China trade war is over and doesn’t want to get blind-sided. That’s why the broad indexes such as the Standard &...
U.S. stocks roar back this afternoon–what’s that all about?
U.S. stocks after being deep in the red this morning, came roaring back this afternoon. Or at least technology shares did. The Standard and Poor’s 500, which had been as low as 2583 today, climbed back to close at 2637. The swing from high of the day to low was...
Today this looks increasingly like a market in sector rotation
The major U.S. indexes opened the day strongly lower on disappointing earnings news and guidance from Amazon (AMZN) and Alphabet (GOOG) after the market close yesterday. But the markets reversed in the morning–the low for the day for the Standard &...
“Smart Money” and shorts are skeptical on Monday rally
The Smart Money Flow Index shows that professional money managers remain skeptical of the rally. The index is near a two-year low and advanced only 1.2% on Monday, a day that saw the Dow Jones Industrial Average move up 2.8%. (The Smart Money Flow Index tracks moves...
Reasons to worry about this bounce
Of course, it would be great (if you’re long U.S. stocks) if today’s bounce marked the beginning of a recovery to the record highs in place before last week’s plunge. But… It’s very early in this bounce. It’s typical for a bounce to...
Today’s market move looks pretty random to me–but here are a few possible trends to watch
Lots of folks out this morning trying to explain why U.S. stocks are up so strongly today after Thursday’s thrashing and two lackluster trading session on Friday and Monday. One explanation I’m hearing a lot is that President Donald Trump sounded...
Not a lot of conviction today: Markets refuse to bounce or to fall farther
Each rally today was greeted with selling. Every dip resulted in a recovery. U.S. equity markets refused to go much of anywhere today after yesterday’s big sell off. The Standard & Poor’s 500 stock index, for example, finished the day up 0.13% at...Jim’s Daily Email Alerts:
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