Could the stock correction be all about Japan? And close to an end?
Okay, the correction in the NASDAQ and the near correction in the Standard & Poor’s 500 isn’t all about Japan. U.S. stock valuations are stretched. Air is coming out of the AI bubble. The U.S. economy is slowing But to me those factors don’t explain the stunning...
August is making the stock correction scarier: Is the cure September?
August. Yeah, I know you can read a calendar, but take a moment to think about how the extraordinary August economic news vacuum feeds into the current market plunge. It’s a good environment for downside volatility. No Federal Reserve meeting in August so no interest...
Buy (more) of the ProShares Short Russell 2000 ETF to short small caps in this credit crisis
Buy the ProShares Short Russell 2000 ETF (RWM) to short small cap stocks I wrote last night in my Special Report: 8 steps to protect your portfolio from the global debt bomb on my subscription JubakAM.Com site. Here’s what I wrote then: The small-cap stocks that...
More technical breakdowns: NASDAQ falls into correction
The NASDAQ Composite was still up 23.75% as of the close on October 25. But the index is now down 12.2% from its July 31 high as of the close on October 26. That’s correction territory. And right now the index looks inclined to hold its downward trend for a...
Have you missed it? Some stocks are on the brink of a correction
The Standard & Poor’s 500 index (closing price) peaked on July 31 at 4588.96. The index is down 5.9% since then (as of the September 22 close.) That’s not correction territory (a drop of 10% ore more) but I’d say stocks can feel the hot breath...
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....
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...
That’s not a good sign: Selling accelerated during the session today
At 1 p.m. New York time the Standard & Poor’s 500 was down 0.25%. At the close it was lower by 2.37% The pick up in selling was led by big tech stocks. Amazon (AMZN), for example was down 1.57% at 1 p.m. and 2.32% at the close. Microsoft was down 1.22% but...
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...
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...
NASDAQ 100 moves into correction
Traders who bought on the dip at the end of last week were a bit early, the market is saying today. As of noon New York time, the Standard & Poor’s 500 was down 1.91%; the Dow Jones Industrial Average was off 1.56%, and the NASDAQ Composite was lower by a...
Slide in the afternoon doesn’t augur well for tomorrow
The NASDAQ Composite was down an already punishing 2.75% at noon in New York. But the damage wasn’t done for the day. The tech-heavy index closed the day down 4.11% And the big techs, the stocks that had driven the rally up and are now pacing the move down, sold...
What’s ahead for this market? Does it turn into a true bear?
If you own any of the big technology stocks that led the U.S. higher in the first eight months of 2018, the losses over the last six weeks sure make this feel like a bear market. Remember that the classical definition of a bear market is a drop from the high of 20% or...
Stocks that led the market up are now leading it down
Today Apple (AAPL) fell 3.96%. Facebook (FB) was down 5.72%. Amazon (AMZN) lost 5.09%. Netflix (NFLX) tumbled 5.45%. The big technology stocks that led the market up to historic highs are leading this fall off on a combination of general market nervousness and...
Rally shifts into reverse as Trump administration announces more U.S. tariffs on Chinese exports likely on the way
Monday, October 29, started off with a technology-led rally. As of 10:04 a.m. New York time the Standard & Poor’s 500 was up 1.81% and the technology-heavy NASDAQ Composite was higher by 1.75%. And then Bloomberg reported that the Trump administration was...
What President Trump can actually do about Amazon–and what you should do about Amazon
Another day’s worth of tweets by President Donald Trump attacking Amazon (AMZN) and another day of losses for the stock. At 3 p.m. Monday New York time Amazon shares were down another 5.21% (in the midst of a meltdown in the technology sector, I’d note, so...
V bottom or double top before deeper correction
As of yesterday the Standard & Poor’s 500 stock index had climbed 5.8% in the last five trading sessions. That recouped much of the 9.03% drop (not quite an official correction of 10% or more) from January 26 through Februry 8. Which, of course, raises the...
A constructive day but the short-term key remains CPI inflation on Wednesday
The Standard & Poor’s 500 and the Dow Jones Industrial Average both finished in the green today, up 1.39% and 1.70%, respectively, after having held off a bout of selling around 3:46 p.m. New York time. Volatility also made progress on returning to normal....
Chinese stocks bounce back on better than expected but still tight liquidity
As is so often the case, liquidity was the driver for Chinese stock today, Monday. The Shanghai Composite Index rose 0.78% to 3,154.13 points by the close of trading Monday, after initially falling 0.45% during the morning. Two indexes with more exposure to...
Price tag for keeping the government open: $500 billion added to deficit
The Senate is set to vote later today on a deal that would fund the government for two years and add $500 billion in new spending to a deficit already pegged at north of $1 trillion. The deal is extremely likely to pass the Senate–it’s got something for...
S&P 500 erases its gains for 2018; with index down 4.1% today, Wall Street looking for 10% drop from 2018 high
Is this starting to get serious? Wall Street still doesn’t think so. With the Standard & Poor’s 500 down 4.1% today, it has wiped out all of its 2018 gains. Wall Street continues to look for no more than a 10% drop for the January 26 high total...
Fed signals “maybe”on four interest rate hikes in 2018 but stocks stabilize anyway after yesterday’s drop
As expected the Federal Reserve left interest rates unchanged at today’s meeting of the Open Market Committee. But in its post-meeting statement, the last in the chair for Janet Yellen, the central bank added language that points toward a slightly more...
The march to a yield of 2.7% on the 10-year Treasury has set off nervous market chatter–and a retreat in stock prices today
When is high too high? The U.S. stock market has been a real champ at sailing past the prospect of higher interest rates to new high after new high. But the march of the yield on the 10-year U.S. Treasury has led to a pause for thought among traders and investors. The...
Tech slide continues, casting doubt on “buy on the dip” strength
Anyone who bought technology stocks on the dip last Friday and Monday is feeling unhappy today. And that spells a worried market. Especially since key stocks in the sector such as Apple (AAPL) and Amazon (AMZN) are showing signs of breaking through important support....
NASDAQ tops all-time high: Does that signal a correction?
Thus was supposed to be automatically posted while I was out hiking the Appalachian Trail last week. It ran afoul of a software glitch (mine, I think.) I wrote this before I left on my hike. Since I wasn’t eaten by bears, I’ll be back posting as usual...Jim’s Daily Email Alerts:
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