Broadcom Corporation (BRCM) is scheduled to report earnings after the close today…(Read More)
Daily Archives: January 25, 2008
Midday Market Check – A ‘Quiet’ Day
We head deeper into the second half of the session with the market holding small gains… Chart Courtesy of Thomson Financial Click here for symbol descriptions In a break from the recent (extreme) volatility, the S&P 500 (SPX) has been content to bounce along the breakeven line…(Read More)
Odds and Ends
I have a couple of quick things I wanted to mention this afternoon. The first relates to yesterday’s post – The iShares DJ Financial (IYF), SPDR Homebuilders (XHB) and Retail HOLDRS (RTH) – Wait for Proof…(Read More)
Chart Slide Show – Broad Market Overview
Here is my weekly update on the broad market indices. This video covers the daily charts of the S&P 500 (SPX), Dow Jones Industrial Average (DJIA), Nasdaq Composite (COMP), and Russell 2000 (RUT)…(Read More)
Baidu.com, Inc. (BIDU) Bounces Out of Its Oversold Reading But Now Faces Resistance
Shares of Baidu.com, Inc. (BIDU) have been in focus since last week when they hit their most oversold reading since February of 2006…(Read More)
A Positive Start to the Day
We are just over an hour into the session and here’s what I see… Click here for symbol descriptions The day so far has an upside bias as only the iShares Treasury Bond (TLT), SPDR Homebuilders (XHB), and S&P Retail Index (RLX) are trading lower…(Read More)
The! Biggest! News! of! the! Day! – Not Rogue Traders, Nokia, Qualcomm, Lennar, AT&T, Hershey, or eBay
Here are some of the contenders for today’s biggest…news…of…the…day… A rogue trader that was able to rack up an alleged %247 billion fraud at Societe Generale…Earnings from Nokia (NOK) that are giving the stock a lift… Earnings from Qualcomm (QCOM) that are giving the stock a lift… [note - a gain today would help, but not eliminate, the concerns I noted yesterday...]Earnings from Lennar Corp (LEN) as the company “reported the largest quarterly loss in its history”…Earnings from AT&T Inc (T)…Earnings from Hershey Co (HSY)…The departure of Meg Whitman as eBay (EBAY) issues disappointing guidance…[note - see below for more on EBAY...]Talks [subscription required] of a MP3 service from Yahoo (YHOO)…A lack [subscription required] of buybacks…A look [subscription required] into the recent volatility with the comment – “Many traders were skeptical that the selling is over”…While those are all stories worth watching, I think it is obviously clear that the biggest story is this – a breaking news video from CNN that shows sasquatch on the Moon…(Read More)
Charts to Watch – SunPower Corporation (SPWR), eBay Inc. (EBAY), and Yahoo! Inc. (YHOO)
Stocks to watch today include SunPower Corporation (SPWR), eBay Inc. (EBAY), and Yahoo! Inc…(Read More)
Stocks Showing Unusually Heavy Volume – Nokia, Dr. Reddy’s Laboratories, Plantronics, Motorola, Chungwa Telecom
Here are the results for today’s unusual stock volume scan. The scan looks at the previous day’s volume and compares it to the recent average volume…(Read More)
Futures Show Moderate Strength After Yesterday’s Surge
Good morning everyone – welcome to the third day of this short, but extremely volatile, trading week…(Read More)
Daily Wrap-up – The Market Surges Off Its Lows
Remember what I said in the post below about the “margin of error” in this market? Well, the last hour of the session really drove that point home… Chart Courtesy of Thomson Financial Index Index Value Point Change Percent Change S&P 500 (SPX) 1338.6 28.1 points 2.14 percent Dow Jones Industrial Average (DJIA) 12270.2 299 points 2.50 percent Nasdaq Composite (COMP) 2316.4 24.1 points 1.05 percent Russell 2000 (RUT) 693.4 21.9 points 3.26 percent CBOE Market Volatility Index (VIX) 29.02 -1.99 points -6.4 percent Click here for symbol descriptions As Mark Fightmaster noted, the Dow Jones Industrial Average (DJIA) put in a 600 point swing from low to high…(Read More)
The iShares DJ Financial (IYF), SPDR Homebuilders (XHB) and Retail HOLDRS (RTH) – Wait for Proof
Adam Warner offers up an interesting comment (and even more interesting graphics!) -”All that is really happening ‘good’ now is that the worst of the worst, like financial, retail and homebuilders, have caught a bid for a couple days…(Read More)