Posted by STTG Team 26 April 2013

STTG Market Recap Apr 26, 2013

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Stocks finished off a big week in quiet fashion with a mild consolidation which is exactly what bulls wanted to work off a near term overbought condition. Quarterly GDP was released in the morning at 2.5% which was not too hold, nor too cold - but at this point any economic data can be explained away as a reason to buy stocks (good data is good, and bad data means more intervention by central bankers). There were a lot of interesting earning reports which we'll dive into later in the piece. For the day the S&P 500 finished down 0.18% and the NASDAQ 0.33%. For the week the S&P gained 1.74% and the NASDAQ 2.28% nearly erasing all of last week's losses.

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Posted by STTG Team 14 March 2013

STTG Market Recap Mar 14, 2013

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And the beat goes on. The nearly non stop grind up continued Thursday as better than expected weekly jobless claims helped put a bid under the market. The S&P 500 gained 0.56% and the NASDAQ 0.43%. Remarkable the Dow Jones Industrial Average has not had one down day in March! The Dow is now up 10 straight sessions, the longest streak since 1996. Since 1948 there have been four rallies of 10 days, two stopped at 11 and one hit 12. The record is 13 up days in a row, which came in 1987.

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Posted by STTG Team 29 January 2013

STTG Market Recap January 29, 2013

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A bit of a head scratching session Tuesday as the S&P 500 and Dow had nice gains but other indexes such as the Russell 2000 of small caps and NASDAQ barely budged (down 0.02%). While the S&P added 0.51% it was a very concentrated rally in certain sectors, specifically groups that had been laggards of late (outside of energy). A lot of metals, mining, steel, etc were the head of the pack along with specific niches such as financials and home builders. A lot of other areas did nothing or were negative, so a very specific marketplace.

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Posted by STTG Team 26 October 2012

STTG Market Recap Oct 26, 2012

amzn

For the third straight session markets gapped up sharply to start the day before a midday selloff. While there was a flurry of buying in the late afternoon stocks finished back near the flatline Friday as the S&P 500 fell 0.07% and the NASDAQ gained 0.06%. While the ending results were again quiet, the action during the day was not. In the overnight session futures dumped sharply - down around 1%. But in the premarket someone was buying them furiously and at 8:30 AM when the third quarter initial GDP estimate was released, they jumped another few points.

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Posted by Blain 25 October 2012

STTG Market Recap Oct 25, 2012

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The market once again gapped at the open, filled its gap, and then traded flat the remainder of the day. With no major economic news in focus, most investors simply sat and waited for tech giants Apple (AAPL) and Amazon (AMZN) to post earnings after the close.

With lot's to consider for Apple (AAPL) and Amazon.com (AMZN) post earnings tomorrow, I will let their charts do the rest of the talking tonight.

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