Archive for November, 2006

Las Vegas Sands Turns Red

November 27, 2006

After running up to nearly $97 a share, Las Vegas Sands (LVS) has given back every penny of gains, and now is in the red on the day. Real time LVS is trading at a last of $92.21 on volume of nearly 3.5 million shares. Today is a perfect example of a market leaning on [...]

Baidu Struggles With Market

November 27, 2006

Take a gander at Baidu.com (BIDU) and you will find the stock down over 5.5%, or down about 6.5 points. This is just one of many big leaders from the last few months stumbling to new intra-day lows. BIDU has traded over 1.5 million shares thus far, and is well on its way to a [...]

Google, NYSE, and Other Leaders Struggle

November 27, 2006

Keep a close eye on these stocks and other market leaders thus far today as they have struggled and are slipping to new intra-day lows:

Google (GOOG) is trading right in its $493ish support area, and thus far has held up. I would walk away short term if it falls and closes under $492 on distribution [...]

Market Waves Caution Flags, Tests Support

November 27, 2006

Be careful today, the market is selling off fairly nicely thus far, and has showed no signs of bottoming out. Real time the NASDAQ is off some 30 points, the Dow down 95, and the S&P500 down just over 9. The biggest loser so far is the NASDAQ, down just over 1.2%.

Daily Commentary for Monday, November 27, 2006

November 26, 2006

Written By: Teresa Appleton Stock Forum ID: Teresa
Friday closed the partial week of trading and left us with the lowest volume week of the year on the NYSE and the second lowest on the Nasdaq.  Friday closed down across the major indexes, but the week closed mixed.  Nasdaq 100 and Nasdaq Composite closed the week [...]

Gold Gaps past Resistance

November 24, 2006

Take a look at Streettracks Gold Trust (GLD) because it has gapped this morning past $63 resistance and is currently trading in the $63.40s. Volume on the fund is already well over 5 million, and this means good things for gold stocks. High on the day for the fund is $63.68. I may pick some [...]

AEM Gaps to New Highs

November 24, 2006

Take a look at Agnico Eagle Mines (AEM), the stock gapped up this morning past $41 resistance and is currently up nearly 5%. We posted on AEM’s base last week and called it for a breakout watch. Volume on AEM is already past 600,000 shares, and the real time last tick as of 10:12 AM [...]

Daily Commentary for Friday, November 24, 2006

November 22, 2006

Written By: Teresa Appleton Stock Forum ID: Teresa
 
Wednesday brought us good spirits and a nice move higher.  Still a narrow range and very light volume, the day started very rocky and with a big drop off consumer confidence to recover and close green.  The Nasdaq volume was the lowest we’ve seen since October 9th and [...]