STTG Market Recap Jan 29, 2015

amzn

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.

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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 October 23, 2014

mmm

ndexes gapped up at the open and stayed strong all day as corporate earnings reports generally pleased investors; some more Ebola news late in the day took indexes a bit off their highs. The S&P 500 jumped 1.23% and the NASDAQ 1.60%. There was decent economic news out of Europe which also helped the mood.

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STTG Market Recap August 26, 2014

IBB 042614

A day after crossing over 2000 but then falling back the S&P 500 finished above that big round number. The S&P 500 gained 0.11% and the NASDAQ 0.29%. The day’s economic reports came in well above expectations; orders for durable goods rose 22.6 percent last month versus a 7.5 percent estimate. The bookings for longer-lasting goods came on increased demand for commercial aircraft. A measure of consumer confidence hit 92.4 in August, exceeding estimates of 89.

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STTG Market Recap July 24, 2014

ua

Thursday was a quiet session with indexes flipping around the unchanged line. The S&P 500 gained 0.05% while the NASDAQ dropped 0.04%. It was another day of very high profile companies reporting. Economic news in the housing market was not very good – new home sales declined 8.1 percent in June, the biggest drop in almost a year.

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STTG Market Recap June 18, 2014

fdx

Indexes were in the red most of the day but rallied sharply on the Federal Reserve announcement mid afternoon. It is not clear why because the Fed did exactly as everyone expected but that is the hallmark of a bull market. We stated the past few days that the market had worked off its oversold conditions and was ready to go – so today was go. The S&P 500 added 0.77% while the NASDAQ rallied 0.59%.

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STTG Market Recap June 5, 2014

gd

Well we’ve had a pretty good run here of late predicting the action. A few weeks ago we noted how the “growth/momentum” stocks had reversed so it was time to stop being super cautious. Then late last week we said the market needed a rest and some days of consolidation would be good. That happened in the first part of this week but as we said yesterday this consolidation period is a time to build positions up if you have a bullish view. Also we said the NASDAQ had more headroom than the S&P 500. So today we had the NASDAQ up 1.05% and S&P 500 up 0.65%. Usually it is not quite so “easy” but pretty textbook reversal at this point.

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STTG Market Recap April 28, 2014

spx

Indexes were volatile Monday, gapping up at the open, then selling off through the lunch our – taking another leg down down mid afternoon which pushed all the indexes into the red, before a late day surge led to a mixed result. We continue to see a rotation into safety sectors such as consumer staples and utilities and away from more risk oriented parts of the market – the S&P 500 gained 0.32% while the NASDAQ fell 0.03%. Geopolitical risk remains due to the Ukraine situation. We have a Fed meeting in the next 2 days with expectations of another $10B/mo reduction in QE, and later this week we have the first pass of 1st quarter GDP, a key ISM report, and the monthly employment data.

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