STTG Market Recap Jan 27, 2015

cat

SPECIAL UPDATE – Watch my Ticker.tv interview of biotech fund manager Brad Loncar!

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.

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STTG Market Recap Jan 5, 2015

wtic

We had some technical difficulties tonight so no market recap video today but I posted an idea session last night where we looked at some recent winners to see which names might be good ideas go forward, on my Ticker.tv channel, Mark333.

Indexes opened down as oil weighed, and stayed week all day in a quite miserable session. Investors have become conditioned to V shaped rallied lasting weeks and weeks but after the 180 degree turn mid December, we’ve had normal quiet holiday trading at first but now some significant selling to begin 2014. Action in oil and Treasuries makes it look like the global economy is seriously cooling. The S&P 500 fell 1.83% and the NASDAQ 1.57%. Aside from oil there was also the normal turmoil out of Europe as some whisper Greece wants to leave the Euro.

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STTG Market Recap Dec 31, 2014

bespoke3

Well that was not a pleasant way to end 2014. After 2 weeks of sleepy holiday trading, bulls got punched in the teeth a bit Wednesday as the S&P 500 fell 1.03% and the NASDAQ 0.87%. It was a strange session as the indexes opened up for the day and then went flat line all morning in another sleepy holiday session. Then they took a small dip after noon and stayed there until the last 2 hours when some bouts of selling hit. The Chicago Purchasing Managers’ Index for December came out at 58.3, below expectations. Pending home sales rose just 0.8 percent in November from a downwardly revised October reading.

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STTG Market Recap December 1, 2014

wtic

Welcome back from the holiday. After a lovely holiday week investors were treated to some red on their screens as the S&P 500 fell 0.68% and the NASDAQ 1.34%. Indexes opened down and never mounted much of a comeback as weak Black Friday data and some modest Chinese data hurt sentiment.

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STTG Market Recap November 24, 2014

csco

Holiday weeks tend to usually have a modest positive bias on light volume and today was a perfect example of holiday trading. The S&P 500 lifted 0.29% and the NASDAQ 0.89%. Aside from the holidays there was still some carryover from the words and actions of central bankers overseas last week. The S&P 500 trades at 17.2 times its projected earnings, up from a multiple of 15.5 last month and the highest since the end of 2009.

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STTG Market Recap November 14, 2014

billgross

Friday was a choppy session with little momentum as indexes have now worked off their extreme overbought conditions. The S&P 500 added 0.02% and the NASDAQ 0.18%. U.S. retail sales rose 0.5% last month when stripping out volatile elements like gasoline, autos, building materials and food services, according to the Commerce Department data released on Friday. That was the biggest increase since August and just above analyst expectations of a 0.4% gain. Retail sales account for about one-third of consumer spending, and overall they rose 0.3%, held back by a 1.5% drop in receipts at gasoline retailers.

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STTG Market Recap November 12, 2014

aapl

It sounds repetitive but Wednesday was yet another day with some morning pressure which led to dip buyers showing up later in the session; this is what you want to see in a bull market. The S&P 500 fell 0.07% while the NASDAQ gained 0.31%. There has been very little news in the U.S. this week but European indexes were weak today which led to the morning selling in the U.S. Bank of England Governor Mark Carney unveiled lower U.K. growth and inflation forecasts as officials adjusted to account for “moribund” global expansion and stagnation in Europe.

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STTG Market Recap November 3, 2014

aapl

U.S. indexes took a breather Monday after a big 2 week run. The S&P 500 fell 0.01% and the NASDAQ gained 0.18%. This is very good behavior for an overbought market – you prefer to see sideways consolidation rather than any serious dip. The Institute for Supply Management’s gauge of manufacturing rose to 59 in October, matching August as the best reading since March 2011. Readings above 50 indicate expansion. Construction spending fell 0.4 percent in September.

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