Day Trading Stock of the Day – Apple
Weekly Stock Market Commentary – February 12, 2012
Have a look at the video below for thoughts on the direction of the U.S. Stock Market.
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Stock Market Commentary – January 28, 2012
Stock Market comments for the week ending January 27, 2012
Best Stock To Day Trade – January 18, 2012
Check out this video on the best day trading stock of January 18, 2012
Stock Market Commentary – January 18, 2012
Check out this video discussing the current trend in the U.S. Stock market.
Stock Market Comments – Thursday Morning, January 12, 2012
The U.S. stock market is poised to open relatively flat this morning, after trading higher over night. The first bit of economic news for the New Year has come out on the weak side today, as retail sales numbers for December came out flat, and weekly jobless claims jumped up to 399,000. Williams Sonoma also scaled back earnings expectations for the 4th quarter, indicating that margins were hit due to significant discounting over the holidays.
This data flies in the face of what we have seen and heard in the media over the last month. It will be interesting to see if this becomes a trend.
It should be pointed out that the Dollar has rallied sharply in recent weeks. This will hurt the earnings of the multi-nationals, and those have been the best performing stocks for some time. At the same time, gas prices have slowly ticked up, moving closer to that $3.50 per gallon level, and there are forecasts of $4.00 or more per gallon by Spring. That will kill off any economic growth.
Keep an eye on the major averages. They have been slowly moving upward with low volatility. It will only take one lousy trading day to change the overall character of this market from modestly bullish back to bearish.
Scott Cole
Stock Market Comments – Morning of January 5, 2012
There is a major tug of war going on with U.S. stocks this morning. Early before the open, U.S. Stocks were looking at a pretty negative open due to weakness in the Euro versus the dollar. As I write, this, the Euro was trading close to 1.28 against the Dollar, off about .0120, which is a sizable move. Normally, this would have led to a big sell-off, as it is expected that a European recession will adversely affect the U.S. However, employment figures coming out starting at 8:15 with the ADP report were quite bullish, with a gain in private sector employment of 325,000. Jobless claims also fell to 372,000 this week, down 10,000 from a revised 382,000 last week. This resulted in some gains in stock futures, but these remain muted by the European issues.
Rick Santelli pointed out on CNBC that the high numbers in the ADP report over the last three years were in December, so it remains to be seen whether there are seasonal factors at play.
Stay tuned!
Stock Picking and Trading Stocks
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Stock Market Comments – January 3, 2012
U.S. Stocks posted solid gains on the first trading day of 2012 after being called to open sharply higher due to some stronger than expected economic data out of Europe. However, stocks were unable to build on their games for the rest of the day, and the averages essentially closed about where they were trading in the first few minutes of trading, and off their highs.
Strength was seen mostly in the energies and precious metals. One thing I’ve noticed is that there is a lack of leadership in stocks making new highs. I perform a stock screen of the days biggest movers, and there were just a handful of today’s big movers (gains of over 3.5%) that were making new 52 week highs. Instead, the biggest movers were in stocks that have been beaten down. This is not characteristic of a market that is a bull market. Instead, this is simply professional trading as funds rotate from one sector to another, hoping to catch a pop, then exit. This is not the sign of confidence in a market and economy.
With that in mind, it is a good idea to remain cautious.