STTG Market Recap Apr 16, 2013

VIX Jump 041513

Quick Note from Blain: Heads up! Tomorrow we will be sharing a link to our Q1 2013 Reader Satisfaction Survey. Please keep an eye out for it, thanks!

The S&P 500 once again bounced off this wider range support level it has been traveling since mid November, with yet another strong bounce - the Pavlovian dog response to this level is becoming something very interesting to observe. That said the violence of movement both up and down of late is not characteristic of a stable market and differs markedly from the action in January through latter February 2013. For the day the S&P 500 gained 1.43% and the NASDAQ 1.50% on what appears to be mostly a technical oversold bounce. There was some decent housing data but nothing concrete enough to generate this type of move.

STTG Market Recap Mar 21, 2013

orcl

Another interesting session in the market as we ask "who is getting headfaked?" Unlike yesterday when all the world's ills were ushered away by Mr. Ben Bernanke, today market's sold off sharply again as if all of yesterday's bad news suddenly did matter - but just with a one day delay. While Cyprus remains in the news, there was decent economic news in the U.S. (weekly labor unemployment claims) and China (initial purchasing managers index) offset by more poor data out of Europe (weak purchasing managers index). But the weight of bad data points from Caterpillar, FedEx, and Oracle seemed to finally matter. The S&P 500 fell 0.83% and the NASDAQ 0.97%; the action was indeed disappointing considering yesterday's move in that there was no upside follow through.

STTG Market Recap January 28, 2013

znga

Stocks continue to digest the large gains of January as most days the market is either up or sideways. Monday was the first down day after an eight day winning streak for the S&P 500, but barely at 0.18%. The NASDAQ was actually up 0.15% as Apple showed some life, helping to drag that specific index up. Big events this week are employment reports, first pass of U.S. Q4 GDP, a Federal Reserve meeting, and U.S. ISM Manufacturing so traders mostly sat on their hands today.

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dryships

Here at StockTradingToGo.com we have never been in the business for selling stock picks professionally as a service. But on October 23rd I posted 12 Bearish Continuation Patterns with stocks like AAPL, FSLR, GOOG, and YHOO that ended up yielding 50%+ returns with 100% accuracy. Perhaps I need a career change.