Take over mania hits Wall Street lifting stocks
Stocks finished near session highs as the market rebounded from its worse performance in 3 weeks. Chaparral (CHAP) takes the cake for take over news as Gerdau Ameristeel’ bid 4.22 billion for the steel company sparked enthusiam for other potential buy outs. Traders armed with news from CHAP bid stocks higher at the open. However, traders […]
Long Update to come tonight
RNIN
ASIA
ARGN
RRST
JRJC
Along with Market Analysis…
Bernanke sends fear with policy talk, stocks slide on higher volume
Stocks gained downside momentum as the trading day neared its end. Interest rate and inflation FEARS continue to weigh on the minds of traders. Alcoa’s excellent earnings report did not have any affect at the market’s open nor at any point throughout the day. The big story on the day was Ben Bernanke and how […]
Bernanke Speaks, scares the market
Fed Chairman Says Mind-Set of Investors and the Public Must Be Considered in Policy Changes
WASHINGTON (AP) — Taking into account the mind-sets of both the public and investors about where prices are headed is a key factor for policymakers working to tame inflation, Federal Reserve Chairman Ben Bernanke said Tuesday.
The Stock Market welcomes back traders with small gains on increased volume
The market welcomed back vacationing traders the door opening to earnings season. Alcoa, a Dow Jones Industrial Average component kicked off the season after today’s close. With no economic news until 3pm EST stocks raced higher from the open. However, stocks returned to unchanged level by mid-day.
It wasn’t until the end of the day […]
JRJC - New trade
Good morning.
I was able to enter into JRJC today. This stock is breaking out of a 6 week base with positive volume. Today’s volume is already twice the normal daily volume. The stock sports a 33% 3 year Sales rate with excellent accumulation. Other stocks in the group inlcude: BIDU, SNDA, NCTY, GOOG, & RATE.
As […]
Holiday shortened week sees stock gains
On Friday, NASDAQ hit a fresh 52 week high on lighter trade. Not a terrible surprise as the 4th of July vacationers were too busy soaking up the sun rather than driving volume. Holiday weeks are very ellusive when it comes to extracting meaningful analysis. But, we can not ignore another new 52 week high […]
Stocks reverse late day to rally into the green
Stocks suffered from a hangover after July 4th Independence Day celebration. Volume is very tough to gauge pre and post vacation days. Today, volume was significantly lower than its 50dma with solid price gains. Traders were helped by a postive ISM non-manufacturing number. The index expanded faster than expected in the month helping traders feel good about […]
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