Thursday was much the opposite of Wednesday; yesterday the market was up thru mid afternoon then suffered significant selling late. Today indexes were down thru mid afternoon and then buyers showed up. It’s a very volatile market right now and not one that is very simple to deal with. The S&P 500 gained 0.95% and the NASDAQ 0.98%. Some dovish comments Janet Yellen made to lawmakers and oil not dropping yet again helped the mood some today.Continue reading
Wednesday’s action was not very encouraging. Markets gapped up at the open and stayed in a small range until 2 PM, and then a heavy bout of selling kicked in. Again in bull markets we don’t want to see up opens and down closes. It looked like the market had wanted to turn the corner late last week but action this week has been troubling. The S&P 500 fell 1.35% and the NASDAQ 0.93%. The action in the NASDAQ is particularly bad when you consider Apple had a huge day and is a massive portion of the NASDAQ index. The Federal Reserve had its meeting announcement today and as expected little new was said.Continue reading
Indexes gapped down at the open and were quite weak all session; the S&P 500 fell 1.34% and the NASDAQ 1.89%. Yesterday we noted the results of Microsoft could weigh on the NASDAQ today but the weakness was broader than that. Poor results by heavyweights such as Caterpillar (CAT) and Procter & Gamble (PG) weighed. There was a bad durable goods order report today as well.Continue reading
As everyone knows, biotechs are RED HOT right now and to have Brad on LIVE to discuss the industry alongside his specific investment ideas has me VERY excited.
I am going to discuss with Brad how he got started in the markets, his investment strategy today, and then pick his brain on biotechs in general. What does he think about the current several year bull market for biotechs? What big trends are in place right now that investors can profit from? What stocks does he like? etc. We will also be taking viewer questions so be sure to join us live and prep your Q&A for biotech master Brad!Continue reading
VIDEO UPDATE: Watch Blain’s Market Report here!
The action in the indexes continues to improve. For weeks we had a lot of gap ups in the morning and then during the actual session sellers would come in. Today we had the opposite, premarket selling and buyers came in during the actual session. This is what bulls want to see. The S&P 500 gained 0.26% and the NASDAQ 0.29%. There was some morning jitters about Greece where the anti-austerity Syriza party won 149 out of a 300 possible seats in Parliament. However we have seen over and over when push comes to shove nothing ever really happens in Europe – Germany and Greece will figure something out and life will continue. Looking ahead we have a Federal Reserve announcement Wednesday but nothing is expected there so we should begin to see focus turn to earnings this week (and oil).Continue reading