FeedPosted Feb 9th 2010 4:20PM by Jon Ogg (RSS feed)
Filed under: Coca-Cola (KO), Procter and Gamble (PG), Electronic Arts (ERTS)
Today was a tough day to call ahead of time despite the notion that the stocks were getting oversold. Washington D.C was closed and New York City is getting close to closing many services Wednesday because of yet another huge snow dump. The larger second wave of the rally today was based entirely on the leaks, rumors, and hopes of a Greece bailout either by Germany or by the E.U. in some form or fashion.
Here were today's unofficial closing bell levels:
Dow 10,058.64 +150.25 (1.52%)
S&P 500 1,070.52 +13.78 (1.30%)
Nasdaq 2,150.87 +24.82 (1.17%)
Top 10 Analyst Calls
Top Day Trader AlertsContinue reading Closing Bell: When We All Love the PIIGS (NBG, SQNM, PG, ERTS, KO)
Posted Feb 8th 2010 4:20PM by Jon Ogg (RSS feed)
Filed under: CIT Group (CIT), United Parcel'B' (UPS), Hasbro Inc (HAS)
The stock market tried to make a comeback several times today, but the indexes closed down sharply on the day. We did not even have Washington D.C. open to bash the financial markets, but we had continued concern that banks were ceasing to trade with some emerging market banks that are in the nations of the PIIGS (Portugal, Italy, Ireland, Greece and Spain).
Here were today's closing bell levels:
Dow 9,908.39 -103.84 (-1.04%)
S&P 500 1,056.75 -9.44 (-0.89%)
Nasdaq 2,126.05 -15.07 (-0.70%)
Top Day Trader Alerts
Top Analyst Upgrades/DowngradesContinue reading Closing Bell: The Selling Bias Becomes Clearer (CTIC, CIT, SAP, HAS, UPS, STJ)
Posted Feb 5th 2010 4:00PM by Jon Ogg (RSS feed)
Filed under: Cisco Systems (CSCO)
A late day rally kept the fear mongers from winning hand over fist today. We were down as much as 160 points and a buying spree came in rapidly. The 9.7% unemployment left more questions when you consider that the jobs creation lost another 20,000 jobs. Today's late-day rally seemed like bargain hunting at the end of the day or short sellers closing out of positions ahead of the weekend after big selling all week. The huge loss that it looked like was suddenly a day where the positive or negative close was not going to known until the final minutes.
Here were today's unofficial closing bell levels:
Dow 10,012.23 +10.05 (0.10%)
S&P 500 1,066.18 +3.07 (0.29%)
Nasdaq 2,141.12 +15.69 (0.74%)
Top Stock & Market Rumors
Top Analyst Upgrades/DowngradesContinue reading Closing Bell: The Awful Day That Wasn't So Awful (ARG, APD, JPM, CSCO, N, BIDU, BIIB)
Posted Feb 4th 2010 4:00PM by Jon Ogg (RSS feed)
Filed under: Toyota Motor Corp. (TM), Alcoa Inc (AA), Goldman Sachs Group (GS), Yum Brands (YUM)
How do you account for sovereign debt risk outside of the credit default swap markets? That is what traders were asking themselves today over fears of Portugal, Greece, and other issues. A growing China-U.S. tension and the reality of lower consumer after-tax monies in 2011, and on. The jobs data today was going further and further away from anything decent, and the fears of Friday's unemployment value of most assets fell... stocks and commodities hit skid row.
Here were today's unofficial closing bell levels:
Dow 9,999.84 -270.71 (-2.64%)
S&P 500 1,062.86 -34.42 (-3.14%)
Nasdaq 2,125.43 -65.48 (-2.99%)
Top Stock & Market Rumors
Top Analyst Upgrades/DowngradesContinue reading Closing Bell: When Bulls Hear the Flush (GLD, FXI, AA, CSCO, ANF, YUM, GS, NBG, TM)
Posted Feb 3rd 2010 4:00PM by Jon Ogg (RSS feed)
Filed under: Time Warner (TWX), Pfizer (PFE), AOL (AOL)
Apparently two days of rallying was enough for the trading gods. Earnings guidance confused traders compared to what we had seen on Tuesday and Monday when stocks were rallying. The reforms of Greece being approved by the E.U. had the shelf-life of an organic salad buffet.
Here were today's unofficial closing bell levels:
Dow 10,269.94 -26.91 (-0.26%)
S&P 500 1,097.24 -6.08 (-0.55%)
Nasdaq 2,190.91 +0.85 (0.04%)
Top Day Trader Alerts (13)
Top Analyst Upgrades & DowngradesContinue reading Closing Bell: Three Days of Rally Is Asking Too Much ... (AOL, TWX, PFE, XIDE, JCI, VLO, TTWO, DDSS)
Posted Feb 2nd 2010 4:00PM by Jon Ogg (RSS feed)
Filed under: General Electric (GE), Ford Motor (F), JPMorgan Chase (JPM), TD AmeriTrade Holding (AMTD)
Today was helped in part by housing data for December showing gains on the existing home sales front, but was mostly a sentiment reversal. The S&P closing back above 1,085 yesterday created the hope that a floor was being put in and the stocks followed some strength in Europe to post larger gains.
Here were today's unofficial closing bell levels:
Dow 10,297.00 +111.47 (1.09%)
S&P 500 1,103.11 +13.93 (1.28%)
Nasdaq 2,189.68 +18.48 (0.85%)
Top Analyst Upgrades/Downgrades
Top Day Trader AlertsContinue reading Closing Bell: Technical Relief On Groundhog Day (GE, JPM, F, AMTD, RPRX, LXK)
Posted Feb 1st 2010 4:30PM by Jon Ogg (RSS feed)
Despite the negative threat of the January Barometer, the markets rallied and rallied sharply today. A strong ISM release rose above more debt concerns globally. Even a $1.6 trillion deficit being locked in for 2011 had no negative impacts on stocks.
Here were today's unofficial closing bell levels:
Dow 10,185.53 +118.20 (1.17%)
S&P 500 1,089.18 +15.31 (1.43%)
Nasdaq 2,171.20 +23.85 (1.11%)
Top Analyst Upgrades/Downgrades
Top Stock and Market RumorsContinue reading Closing Bell: Market Rally Despite Negative January Barometer (JPM, USU, LEAP, XOM)
Posted Jan 29th 2010 4:20PM by Jon Ogg (RSS feed)
Filed under: Microsoft (MSFT), Amazon.com (AMZN), Potash Corp. of Saskatchewan (POT)
Today had the markings of a good day, but for obvious reasons,
+5.7% GDP in Q4 was only so high because Q$-2008 was so awful. We continued to see technology stocks and the broader market sell off on chart and technical levels despite what are solid earnings. The real issue today may be Washington D.C. and high valuations after so many stocks have doubled, tripled, or risen even more off of lows. This selling of everything feels like the bears might be taking back at least some control after literally have no vote for more than 10 months.
Here are today's closing bell levels:
Dow 10,102.55 -17.91 (-0.18%)
S&P 500 1,073.87 -10.66 (-0.98%)
Nasdaq 2,147.35 -31.65 (-1.45%)
Top Analyst Upgrades and Downgrades
Top Stock and Market RumorsContinue reading Closing Bell: Forget 5.7% GDP, Bears Taking Charge (AMZN, MSFT, POT, AUTH, NBG, USU)
Posted Jan 28th 2010 4:00PM by Jon Ogg (RSS feed)
Filed under: Apple Inc (AAPL), Ford Motor (F), Netflix, Inc. (NFLX), Potash Corp. of Saskatchewan (POT)
Today was weak from the start, part on earnings but mostly on the trend and partly in reaction to last night's State of the Union. Bernanke's confirmation looking to be reconfirmed helped markets late in the day, as did some bargain buyers. The end of day results were much less-bad than intra-day trading lows. This may have been one more day that the bears and profit takers looked more right than wrong. Today's close on the S&P and intra-day lows on the S&P are bringing up some serious support levels that had been prior resistance levels at that 1,085 level.
Here were today's closing bell levels:
Dow 10,120.46 -115.70 (-1.13%)
S&P 500 1,084.52 -12.98 (-1.18%)
Nasdaq 2,179.00 -42.41 (-1.91%)
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Top Analyst CallsContinue reading Closing Bell: Bears Get Some Footing (POT, AAPL, CTS, F, NFLX, FLEX)
Posted Jan 27th 2010 4:00PM by Jon Ogg (RSS feed)
Filed under: Apple Inc (AAPL), Toyota Motor Corp. (TM), Caterpillar (CAT), Boeing Co (BA), Amer Intl Group (AIG)
Today was potentially a fairly quiet trading day when you consider how volatile the day could have been. We had Tim Geithner and Hank Paulson both getting grilled over American International Group, Inc. (
AIG) again in front a House Panel, we had an FOMC rate decision, and tonight is the State of the Union speech from President Obama. Throw in disappointing housing data in December new home sales and you had a potential powder keg. Stocks spent most of the day in the red, but a move late in the day wiped all that out.
Here were the unofficial closing bell levels:
Dow 10,236.09 +41.80 (0.41%)
S&P 500 1,097.25 +5.08 (0.47%)
Nasdaq 2,221.13 +17.40 (0.79%)
Top 10 Analyst Calls
Top Day Trader AlertsContinue reading Closing Bell: The Wild Day That Wasn't As Wild As It Could Have Been (AIG, AAPL, T, BA, CAT, HGSI, SANM, TM, CTS)
Posted Jan 26th 2010 4:20PM by Jon Ogg (RSS feed)
Filed under: Apple Inc (AAPL)
The stock market was a roller-coaster today, and suddenly over the last week and a half we have gone from a market where volatility was very low to one where triple-digit DJIA point moves occur and get reversed in almost the same day. The VIX even opened right over 26.0 today before selling off. We started the day mixed, then went very positive, and then went very negative toward the end of the day. Earnings are still strong, but valuations are weighing on investors as you see many names selling off even after good earnings. The wide budget deficit only highlights more and more long-term concerns.
Here were the unofficial closing bell levels:
Dow 10,200.19 +3.33 (0.03%)
S&P 500 1,092.17 -4.61 (-0.42%)
Nasdaq 2,203.73 -7.07 (-0.32%)
Top Analyst Upgrades & Downgrades
Top Day Trader AlertsContinue reading Closing Bell: Volatility Reminder, Swings Both Ways (AMLN, NVO, VMW, CTXS, WFT, AAPL)
Posted Jan 25th 2010 4:00PM by Jon Ogg (RSS feed)
Filed under: General Electric (GE), Ford Motor (F)
Today might have started out as a buying binge by bargain hunters, but the existing home sales drop was large enough and the NABE call of a slow return to employment growth offered no significant promise of a significant economic improvement over what we have already witnessed. The Bernanke confirmation outcome is less uncertain than it seemed on Friday, although this too was a continued thought in the back of the minds of even those who bought up shares higher today. Here are today's unofficial closing bell levels:
Dow 10,201.85 +28.87 (0.28%)
S&P 500 1,096.75 +4.99 (0.46%)
Nasdaq 2,210.80 +5.51 (0.25%)
Top Analyst Upgrades/Downgrades
Top Day Trader AlertsContinue reading Closing Bell: Bargain Buyers Come Out, Cautiously (CIEN, KERX, GE, F, PARD, FNM)
Posted Jan 22nd 2010 4:00PM by Jon Ogg (RSS feed)
Filed under: Apple Inc (AAPL), General Electric (GE), Advanced Micro Dev (AMD)
There was actually very little economic news. The news that Ben Bernanke is not a shoe-in for reconfirmation as head of the Federal Reserve caused some pause, while the bank-bashing from yesterday carried over in many names.
Five IPOs did not even get the deserved attention despite the notion that this has not been seen in a long time. Here were today's closing bell levels:
Dow 10,163.38 -226.50 (-2.18%)
S&P 500 1,091.07 -25.41 (-2.28%)
Nasdaq 2,204.32 -61.38 (-2.71%)
Top Stock and Market Rumors
Top Analyst Upgrades/DowngradesContinue reading Closing Bell: The Bernanke Question Weighs (AMD, AAPL, COF, GE, HBAN, SOMX, SYNA)
Posted Jan 21st 2010 4:00PM by Jon Ogg (RSS feed)
Filed under: eBay (EBAY), Alcoa Inc (AA), Goldman Sachs Group (GS)
Today started out on a weak note after the jobs data showed that the weekly jobless claims was heading back higher again after a reprieve. The huge 10%+ GDP in China did not add much other than the notion that serious rate hikes might be needed there. Then after a solid spate of earnings, President Obama introduced yet one more new attack on bank trading and investing activities. This immediately took a
bite out of big money center banks, but
added to regional banks. This is just creating more and more volatility, and more and more regulatory and political uncertainty that investors prefer.
Here are the unofficial closing bell levels:
Dow 10,389.88 -213.27 (-2.01%)
S&P 500 1,116.48 -21.56 (-1.89%)
Nasdaq 2,265.70 -25.55 (-1.12%)
Top Tech Day Trader Stocks
Top Analyst Upgrades/Downgrades
Top Stock & Market RumorsContinue reading Closing Bell: Washington Throws Another Wrench in Money Machine (GS, EBAY, STX, PLXS, AA)
Posted Jan 20th 2010 4:00PM by Jon Ogg (RSS feed)
Filed under: Sirius Satellite Radio (SIRI), Bank of America (BAC), Coach Inc (COH), Wells Fargo (WFC)
PPI came in at +0.2% and the core PPI was unchanged. This sounded good, but China put the hex on the market by curbing its overextended businesses by asking lenders to stop making loans for the rest of the month. The dollar went higher on Greek woes again, and both the Greek impact on the US dollar strength and the China news took a bite out of commodity prices.
Here were today's unofficial closing bell levels:
Dow 10,583.73 -141.70 (-1.32%)
S&P 500 1,138.04 -12.19 (-1.06%)
Nasdaq 2,291.25 -29.15 (-1.26%)
Top Analyst CallsTop Day Trader AlertsContinue reading Closing Bell: Earnings, Dollar and China Make Bearish Trifecta (WFC, BAC, SIRI, FSLR, CREE, COH)
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Closing Bell: When We All Love the PIIGS (NBG, SQNM, PG, ERTS, KO)
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