Archive for October, 2006

Daily market commentary for Wednesday, Oct 25th, 2006

October 24, 2006

Written By: Teresa Appleton Stock Forum ID: Teresa
Tuesday brought us another day of split markets and higher volume.  The NYSE and Nasdaq both booked better volume today leaving an accumulation day on the NYSE and a distribution on the Nasdaq. 
Crude finally stopped the bleeding and closed with an up day at $59.35 +.54.  Gold also [...]

Allegheny Technologies Breaks $78

October 24, 2006

REALTIME
About 4 minutes ago Allegheny Technologies (ATI) broke through $78 resistance on strong volume, which is closing in on 600,000 so far today. ATI reports earnings tomorrow morning.

Daily market commentary for Tuesday, October 23rd, 2006

October 23, 2006

Written By: Teresa Appleton Stock Forum ID: Teresa
Monday came out of the gate weak but picked up steam and finished the day in the green.  It was a light volume day, so this dip was not bought as heavily as those we’ve seen over the past six weeks.  The SOX (semiconductor sector) closed green but [...]

Earnings Plays This Week

October 23, 2006

Oregon Steel (OS) is expected to blow out earnings this week, and the downgrade on Friday is just a buying opportunity for this Steel producing machine. Anything below $54 is a strong buy in my books, earnings are due out this upcoming Friday.
Alaska Air (ALK) reports Tuesday, and is a strong buy with earnings due [...]

Daily market commentary for Monday, Oct 23rd, 2006

October 22, 2006

Written By: Teresa Appleton Stock Forum ID: Teresa
Friday closed the week with mixed results.  Nasdaq 100 and Nasdaq Composite closed the day up and week down.  S&P 500 closed the day and week green.  Dow was up on the week, but red on Friday.  Volume also split on the week with the NYSE being higher [...]

Daily market commentary for Friday, October 20th, 2006

October 19, 2006

Written By: Teresa Appleton Stock Forum ID: Teresa
Thursday marked the 19th anniversary of the 1987 crash as well as the Dow closing over 12, 000.  Volume was split today with the NYSE being higher than yesterday and the Nasdaq being lower.   That marks two days with this split and is showing lack of participation in [...]

AAPL, NVEC Beat Earnings, Stocks Soar

October 18, 2006

Apple Computers (AAPL) posted strong Q4 earnings which have driven the stock up to nearly $79 after hours, or 6%. N V E Corp (NVEC) also posted strong earnings, driving the stock up 4 points to about $36, or 13%.
I am proud to say I am shareholders of both of these outstanding companies, and I [...]

Daily market commentary for Wednesday, Oct 18th, 2006

October 17, 2006

Written By: Teresa Appleton Stock Forum ID: Teresa
Tuesday left us with red across the broader indexes and volume finally showed up to participate.  Which left us with a distribution day on the Nasdaq and NYSE.  The good news is the market turned off the lows at noon, until then the volume was lighter than the [...]