***Written By: Blain Reinkensmeyer Stock Forum ID: StockTrading101***
Removed from my Stock Watch List today is Medifast (MED). Two sessions ago on Tuesday the stock lost its 50 day moving average support and had a bad distribution day. The stock is part of the IBD 100 and has been growing at an amazing rate, but technically [...]
***Written By: Blain Reinkensmeyer Stock Forum ID: StockTrading101***
The theme today was “coolness”. What defines a cool stock? Stocks with higher multiples than others, price-to-earnings ratio that is. So, Jim spent a segment going through some cool stocks and some not so cool stocks. Confused yet? It’s Mad Money on CNBC, just go with it.
Cool Stocks [...]
NYSE
Advancers = 1,887
Decliners = 1,354
Unchanged = 146
Nasdaq
Advancers = 1,470
Decliners = 1,518
Unchanged = 145
***Written By: Blain Reinkensmeyer Stock Forum ID: StockTrading101***
Shares of Amazon.com (AMZN) are down over 21% going into the last hour of trading, with volume the third most active on the Nasdaq 100 with over 62 million shares exchanging hands as of 3:07 PM. What exactly happened today? Well the online giant announced second-quarter results and [...]
07-25-06
The market had a strong close today, with the S & P 500 leading closing above the 200 day moving average on higher volume making today an accumulation day. The Nasdaq finished up as well, with nearly the same volume as yesterday, but still enough to be considered accumulation. Overall:
S & P 500 _ +7.97 [...]
I just did a few hours of research tonight, and 1st off here are my notes after looking through all 197 Industry Groups (Investors Business Daily) and looking within certain groups who’s charts looked bullish.
Aerospace/Defense
(RTN) – Closed Friday above 50 MA on heavy accumulation which signals a buy in my book once the 50 [...]
***Written By: Blain Reinkensmeyer Stock Forum ID: StockTrading101***
As of 11:36 AM the Dow is up over 154 points, the Nasdaq is up over 26, and the S & P 500 is nearing a 18 point gain. The reason? Federal Reserve chairman Ben Bernanke reassured the market on inflation, raising hopes the central bank may stop [...]
***Written By: Blain Reinkensmeyer Stock Forum ID: StockTrading101***
Shares of Yahoo (YHOO) are down big today after the company’s earnings were not in line with what analysts expected. Its 78% quarterly profit fall was more than analysts were forecasting, and as its third-quarter forecast also fell shy of estimates. The stock was down heavy after hours [...]