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Weekly Wrap-up - A Rejection at Resistance?

The day ends on a weak note… Chart Courtesy of Thomson Financial Index Index Value Point Change Percent Change S&P 500 (SPX) 1330.6 -21.5 points -1.59 percent Dow Jones Industrial Average (DJIA) 12207.2 -171 points -1.38 percent Nasdaq Composite (COMP) 2326.2 -34.7 points -1.47 percent Russell 2000 (RUT) 688.6 -4.1 points -0.59 percent CBOE Market Volatility Index (VIX) 29.08 1.30 points 4.7 percent Click here for symbol descriptionsThe day started with the S&P 500 (SPX) testing resistance…(Read More)

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Signs of Fading from Research In Motion Limited, Microsoft, Google, Apple, QUALCOMM, and Cisco Systems

In a post on Wednesday I looked at the weekly charts of Apple Inc. (AAPL), Microsoft Corp…(Read More)

Illumina, Inc. (ILMN) - A Pullback to Support

In a post earlier this month - Illumina, Inc. (ILMN) - Look for a Pullback - we saw that shares of ILMN had broken new highs…(Read More)

Midday Market Check - Slipping Into Negative Territory

We head into the second half of the session with the market now in negative territory… Chart Courtesy of Thomson Financial Click here for symbol descriptions Earlier I noted the S&P 500 (SPX) had tested resistance and now we find the index sitting just a points above yesterdays low…(Read More)

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ScanSource, Inc. (SCSC) - One to Watch

One of the leading stocks today is ScanSource, Inc. (SCSC). The shares are up more than 20% today and, as the daily chart below shows, have now recouped much of their recent decline…(Read More)

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Morning Market Check - A Test of Resistance

We are an hour into the session and find the S&P 500 (SPX) testing the bottom of the range that I discussed yesterday… Chart Courtesy of Thomson Financial Chart Courtesy of Thomson FinancialThe first chart is an expanded view of the daily that I talked about in yesterday’s video and shows this initial test of the […]

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