STTG Market Recap September 2, 2014


U.S. investors returned from the Labor Day holiday to a generally quiet session. The S&P 500 finished down 0.05% while the NASDAQ rallied 0.39%. The Institute for Supply Management’s index of factory activity, which rose to 59, the highest since March 2011, from July’s 57.1 – was generally a non event. Construction spending was announced as increasing 1.8% in July.

Continue reading

STTG Market Recap August 4, 2014


Stocks flip flopped in the morning Monday around unchanged but rallied throughout the afternoon as an extreme short term oversold condition we noted Friday was worked off. It is nothing to get excited about yet if you are a bull – in fact we noted there should be a short term rally coming due to how oversold the indexes had been and if you are a short/intermediate term trader that rally would be a place to lighten up until we see some better signs in the market. The S&P 500 and NASDAQ both gained 0.72%. Participants were happy when hearing of Portugal’s plans to spend 4.9 billion euros, or $6.58 billion, to bail out Banco Espirito Santo. Tomorrow eyes will be on the ISM Non Manufacturing report in the morning.

Continue reading

STTG Market Recap July 24, 2014


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.

Continue reading

STTG Market Recap June 24, 2014


Today was an interesting day via technical analysis so let’s see if it leads to something negative in the days ahead. We were coasting along to our normal tune – some early selling, dip buyers came rushing in immediately, a slow and steady grind up and then some selling of a moderate nature came in late in the day. The S&P 500 fell 0.64% and the NASDAQ 0.42%. Those are not big losses but we had what is called a bearish “outside day” on the indexes – we’ll speak more on this in a moment. The reason appears to be conflict in the Middle East

Continue reading

STTG Market Recap June 10, 2014

The action continues to be very strong. Markets are working off overbought conditions by just marking time in a small range rather than any meaningful pullback so one can continue to look for opportunities in ETFs or stocks. The S&P 500 fell fractionally (0.02%) while the NASDAQ added 0.04%. Both indexes were down more substantially early but dip buyers have been very aggressive for 2+ weeks now. Economic data remains light and of the variety that doesn’t move markets much like we saw last week with the ISM data and employment numbers.

Continue reading

STTG Market Recap April 8, 2014


The very oversold NASDAQ led stocks up Tuesday but the S&P 500 lagged in a relative sense; this makes sense as the NASDAQ has taken much more damage in the past few weeks. In fact the NASDAQ had its worst 3 day performance since 2011 coming into the day. The S&P 500 gained 0.38% and NASDAQ 0.81%.

Continue reading

STTG Market Recap March 6, 2014


Another session of mild digestion after Tuesday’s large rally; stocks started off strong but gave up some steam late in the day. We ended with mixed indexes; the S&P 500 gained 0.17% while the NASDAQ fell 0.13%. Tomorrow pre-market we will get labor data from the U.S. government; it has been two bad months in a row in terms of non farm payroll gains so people will be watching to see if there is some reversion to mean and some revisions upwards to the last 2 months of data due to weather. Since the bar is so low tomorrow any positive number might be enough to give the market a jolt to push it up to the upward extreme level on the NASDAQ chart below.

Continue reading

STTG Market Recap February 26, 2014


Indexes had nice gains most of the day on a good housing number but sold off a bit late in the day. This is the third day the S&P 500 has failed to break over year highs but the bullish take on this is we just came off a ferocious two week rally and are now consolidating before making a new push higher. The S&P 500 finished flat while the NASDAQ gained 0.10%.

Continue reading

Log, Store, and Analyze Your Trades

Whether you're a new or seasoned investor, StockTradingToGo Investor Tools help you trade better.
  • Import your trade history into the cloud
  • Run a full performance analysis on all your trades
  • Keep a private trade journal to record your observations
  • Improve your success rate and ultimately make more money!
Get Started Now