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. Continue reading "Stocks Close Lower As Greece Faces New Elections"

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

DON'T FIGHT THE MARKET … MOVE WITH THE MARKET! Continue reading "Daily Update: Will the US markets follow Europe?"

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. Continue reading "Reviewing the Macro 'Play'"

Stocks Fall Sharply Amid Worries About Troubles Overseas

(RTTNews) - Stocks saw considerable weakness during trading on Monday, as traders expressed continued concerns about the latest developments overseas. The losses on the day extended a recent downward for the markets, which have trended lower for most of May.

After falling sharply at the open, the major averages staged a recovery in mid-day trading but moved back to the downside going into the close. The Dow fell 125.25 points or 1 percent to 12,695.35, the Nasdaq dropped 31.24 points or 1.1 percent to 2,902.58 and the S&P 500 slid 15.04 points or 1.1 percent to 1,338.35. Continue reading "Stocks Fall Sharply Amid Worries About Troubles Overseas"

Daily Video Update: Game Over?

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Monday, the 14th 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.

Stock on the move: BMC (BMC Software)

DON'T FIGHT THE MARKET … MOVE WITH THE MARKET! Continue reading "Daily Video Update: Game Over?"