Archive for May, 2010
Friday Morning and Economic Data
Futures are looking mixed this morning, after yesterday’s stellar market action. Today will be an interesting day in the financial markets. I am wondering if traders will be starting their Memorial Day Weekend early, which could lead to light volume today. However, there are some key Economic data being released today, which I am sure [...]
Thursday Action
“The Dow jumped 284 points, or 2.9 percent Thursday to 10,258, and the S&P 500 rose 35 points, or 3.3 percent to 1103. Stocks turned higher Thursday as China denied that it was reviewing its euro zone bond holdings, a story that drove stocks lower into Wednesday’s close.” (CNBC) — But the financial news networks [...]
New addition to the Piotroski Screen
As of yestrday, 5/25, there was a new addition to the Piotroski Screen! Taiwan Semiconductor Mfg (TSM) has been added to my Piotroski screen, which I have saved in an Excel file which can be refreshed against a web query from The Graham Investor website. TSM engages in the computer-aided designing, manufacturing, packaging, testing, and [...]
Stock Screen v.1
U.S. stocks on Wednesday ended lower after a late-session lapse that coincided with a drop in the euro below a key threshold, as investors focused on reports that China might review its European bond holders. (MarketWatch) Dow 9,974.45 -69.30 (-0.69%) S&P 500 1,067.95 -6.08 (-0.57%) Nasdaq 2,195.88 -15.07 (-0.68%) Currencies Euro – USD 1.2199 -0.0114 [...]
5 ETF charts for your viewing pleasure
This evening was quite busy, so I did not have a lot of time to conduct investment research related to today’s market action. Below you will find 5 ETF charts for your viewing pleasure. These are five of the most popular (in terms of volume) ETFs being traded. The charts look pretty similar to me [...]
Monday and SecondMarket
Happy Monday. The major U.S. market averages were lower today and the bearishness continues. Dow 10,066.57 -126.82 -1.24% Nasdaq 2,213.55 -15.49 -0.69% S&P 500 1,073.65 -14.04 -1.29% The S&P seems to be trading in the same range as Thursday and Friday of last week and many investors are looking for a trend reversal, but are [...]
The week that was
After a crazy week at the markets, a much-needed weekend break is upon us. Next week will be a full week of trading, but I am assuming volume may be light Thursday and Friday heading into the Memorial Day Holiday weekend. The chart below illustrates the SPX for the past month, and as you will [...]
200 day ma = broken
Wow, what a day in the markets. The S&P 500 was down 3.9% today, to 1071.59, closing below the 200 day moving average. This does not look very promising at all and the next item of contention is testing the previous 2010 lows from February at around the 1060′s in terms of closing price. Chart [...]
