S&P 500
1315.99
+20.77 +1.58%
Dow Indu
12504.48
+135.10 +1.08%
Nasdaq
2847.08
+68.29 +2.40%
Crude Oil
92.65
-0.21 -0.23%
Gold
1578.50
-11.63 -0.73%
CRB Index
289.40
-0.40 -0.11%
US Dollar
81.275
+0.305 +0.39%
Strong

Disappointing Data Leads To Sell-Off

(RTTNews) – Stocks saw substantial weakness during trading on Thursday, as traders reacted negatively to a disappointing batch of U.S. economic data. Lingering concerns about the financial situation in Europe also continued to weigh on the markets.

The major averages saw further downside going into the close, ending the session at or near their lows for the session. The Dow fell 156.06 points or 1.2 percent to 12,442.49, the Nasdaq plummeted 60.35 points or 2.1 percent to 2,813.69 and the S&P 500 dropped 19.94 points or 1.5 percent to 1,304.86. [Read more...]

Daily Update: Weak economic data drags down the markets

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Thursday, the 17th of May.

While Adam is away we will be providing the daily update in written form each day, with videos on Monday, Wednesday, and Friday each week.

DailyXchange
Post and prosper with other MarketClub members everyday.

Stocks on the move: SPY (SPDR S&P500) , UPS (United Parcel Service) and OC (Owens-Corning)

DON’T FIGHT THE MARKET … MOVE WITH THE MARKET! [Read more...]

Me Centered or Stock Centered?

By: Chris Irvin, Veteran Instructor & Trader at The Wizard

My last blog (May 9, 2012) spent some time dealing with the logical and emotional sides of the brain and how the flow of information from side to side differs between men and women.  Among other things I suggested that in order for a male trader to be successful they have to have an exit strategy before entering a position because our egos can often get in the way of solid decision making while in the middle of the trade.  I am a firm believer that traders need to define exits prior to entering a position because this is the only time when ego is not an issue in the process.  This idea brought up a valid comment from one reader.  “Wouldn’t it be easier to just put a trailing stop on your position rather than defining a solid stop loss level?”  It probably would be easier, but is it the best?  In this blog I would like to explain why I believe repositioning stop losses manually is a better idea than using trailing stops, if you have the option of course.  If you are a trader that does not have the ability to adjust stop losses manually due to schedule, or circumstance, the trailing stop is a great tool.  If you do have the ability to babysit your trades then I believe it is better to reposition the stops on your own.

Before debating whether manually repositioning stop losses is better than setting an automated trailing stop, I need to point out that even a manual stop loss is really automating your trading process.    The question is “can you be more successful if you use a little of your own elbow grease rather than setting an automated trailing stop?” [Read more...]

Futures Pointing To Roughly Flat Open On Wall Street

(RTTNews) – After trending lower in recent sessions, stocks are likely to show a lack of direction in early trading on Thursday. The major index futures are currently pointing to a roughly flat open for the markets.

Lingering uncertainty about the financial situation in Europe is likely to contribute to the choppy trading, with traders keeping an eye on the latest developments in Greece. [Read more...]

Stocks Extend Downward Move Amid Continued Greece Worries

(RTTNews) – Stocks showed a notable downturn over the course of the trading day on Wednesday after failing to sustain an early upward move. The pullback came as worries about the political situation in Greece once again overshadowed a batch of upbeat U.S. economic data.

The major averages all ended the day in negative territory, near their worst levels of the day. The Dow slipped 33.45 points or 0.3 percent to 12,598.55, the Nasdaq fell 19.72 points or 0.7 percent to 2,874.04 and the S&P 500 dropped 5.86 points or 0.4 percent to 1,324.80. [Read more...]

Daily Video Update: Stocks rise on increase in industrial production

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Wednesday, the 16th of May.

While Adam is away we will be providing the daily update in written form each day, with videos on Monday, Wednesday, and Friday each week.

DailyXchange
Post and prosper with other MarketClub members everyday.

Stocks on the move: GOOG (Google) and FRC (First Republic bank)

DON’T FIGHT THE MARKET … MOVE WITH THE MARKET! [Read more...]

Stocks May Regain Some Ground In Early Trading

(RTTNews) – Stocks may move back to the upside in early trading on Wednesday after trending lower in recent sessions. The major index futures are currently pointing to a moderately higher open for the markets, with the Dow futures up by 43 points.

Bargain hunting is likely to contribute to any early strength on Wall Street, with some traders looking to pick up stocks at reduced levels following the recent weakness in the markets. The losses seen on Tuesday pulled the major averages down to new three-month closing lows. [Read more...]

Stocks Close Lower As Greece Faces New Elections

(RTTNews) – After showing a lack of direction for much of the session, stocks came under pressure in the latter part of the trading day on Tuesday. Worries about Greece weighed on the markets once again, overshadowing a batch of largely upbeat U.S. economic data.

The major averages moved roughly sideways going into the close, stuck firmly in negative territory. The Dow fell 63.35 points or 0.5 percent to 12,632.00, the Nasdaq slipped 8.82 points or 0.3 percent to 2,893.76 and the S&P 500 dropped 7.69 points or 0.6 percent to 1,330.66. [Read more...]

Daily Update: Will the US markets follow Europe?

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Tuesday, the 15th of May.

While Adam is away we will be providing the daily update in written form each day, with videos on Monday, Wednesday, and Friday each week.

DailyXchange
Post and prosper with other MarketClub members everyday.

Stocks on the move: SPF (Standard Pacific) MIPS (MIPS Technologies) EIX (Edison Intl)

DON’T FIGHT THE MARKET … MOVE WITH THE MARKET! [Read more...]

Reviewing the Macro ‘Play’

There are signs in the recent jobs and ISM reports that the previously inflated economy is decelerating. Late last week, the clown running JP Morgan said stupid things about the smart [read: talented] people he has running his high risk trading operations. Europe is of course front and center as it continues to fall apart, with Gilts and Bunds rising on ‘safe haven’ buying and the bonds (debt) of Greece and other Euro basket cases declining toward their value, which is less than zero.

The precious metals appear to be watching for signs of outwardly promoted QE policy. But NFTRH has remained cautious on the timing of this pending a crack in the US stock market, so let’s review the big index. [Read more...]

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