Stockshakers Market Close update Friday 10-31-2014

Global stock rally sends Dow, S&P 500 to record closing highs

GPRO +13% on the day LNKD +13%

U.S. stocks erase steep losses from the early-October swoon as Dow closes month with a 2% gain. A surprise move by Japan to add
more stimulus sparked Friday’s global rally.An exceptionally strong start to the session with some modest follow into late morning trade allowing the Dow to edge above its Sep intraday peak and establish a new all time high (17395). The S&P notched a new session high as well at that time but it stalled slightly below its Sep/all time high at 2019.26 (session high 2018.19). The Nasdaq Comp set a new multi-year high above its Sep peak off the open but drifted sideways the rest of the day. The unexpected boost in the BOJ’s asset purchase program along with a substantial asset allocation shift to equities by pension investment funds in Japan triggered a surge overseas and the gap higher start.

Sector strength was strong and broad based with the top performing sectors on a percentage basis led by: Semi XSD, Social Media
SOCL, Airline, Internet FDN, Solar TAN, Auto CARZ, & Airlines.

In two weeks the S&P has reclaimed all of the steep slide off the Sep high and set a new all time close high.
The surge has led to an extended posture but price patterns and obviously momentum remain favorable. A short term extension target
above the Sep/all time intraday peak (2019.26) is in the 2024 area followed by the 2029/2031 zone.

S&P 500 2,018.05 +23.40 +1.17%
DOW 30 17,390.52 +195.10 +1.13%
NASDAQ 4,630.74 +64.60 +1.41%
Russell 2000 1,173.51 +17.74 +1.53%

So ends October the scariest month of them all and how bout that ending on a high note.

Stockshakers Market Close update Thursday 10-30-2014

S&P 500 1,994.65 +12.35 +0.62%
DOW 30 17,195.42 +221.11 +1.30%
NASDAQ 4,566.14 +16.91 +0.37%
Russell 2000 1,155.77 +9.40 +0.82%

 

Overnight  futures are flying high — Dow Jones breaking out and it is up about 190 points — S&P broke 2000 level and is at 2009 2AM EST

Stockshakers Market Close update Wednesday 10-29-2014

U.S. stocks close off day’s lows… Fed announces the end of QE
S&P 500 1,982.30 -2.75 -0.14%
DOW 30 16,974.31 -31.44 -0.18%
NASDAQ 4,549.23 -15.06 -0.33%
Russell 2000 1,146.37 -3.08 -0.27%

Stockshakers Market Close update Tuesday 10-28-2014

 

 

S&P 500 1,985.05 +23.42 +1.19%
DOW 30 17,005.75 +187.81 +1.12%
NASDAQ 4,564.29 +78.36 +1.75%
Russell 2000 1,149.45 +31.97 +2.86%

 

After hours Earnings news – Facebook shares drop 10% after company warns of slowing sales growth – FB

Stockshakers Market Close update Monday 10-27-2014

Stocks Take a Breather As Investors Wait for the Fed

S&P 500 1,961.63 -2.95 -0.15%
DOW 30 16,817.94 +12.53 +0.07%
NASDAQ 4,485.93 +2.21 +0.05%
Russell 2000 1,117.48 -1.34 -0.12%

Stockshakers Market Close update Friday 10-24-2014

Stocks rallied on Friday to cap their best week of 2014, as the S&P 500 gained 4%, the Nasdaq gained 5%, and the Dow gained more than 2% after last week’s extremely volatile trading action.

S&P 500 1,964.58 +13.76 +0.71%
DOW 30 16,805.41 +127.51 +0.76%
NASDAQ 4,483.72 +30.93 +0.69%
Russell 2000 1,118.82 +2.33 +0.21%

Stockshakers Market Close update Thursday 10-23-2014

Ebola is in NYC.
S&P 500 1,950.82 +23.71 +1.23%
DOW 30 16,677.90 +216.58 +1.32%
NASDAQ 4,452.79 +69.94 +1.60%
Russell 2000 1,116.49 +19.62 +1.79%
Futures are down on the news of the positive test results

Dow 16562.00 -51.00 -0.31%
S&P 500 1937.40 -8.70 -0.45%
Nasdaq 100 3984.25 -21.00 -0.52%

Stockshakers Market Close update Wednesday 10-22-2014

Dow closes down 153 points as stocks end near session lows.
S&P 500 1,927.11 -14.17 -0.73%
DOW 30 16,461.32 -153.49 -0.92%
NASDAQ 4,382.85 -36.63 -0.83%
Russell 2000 1,096.87 -15.98 -1.44%

Stockshakers Market Close update Tuesday 10-21-2014

 

The market is an equal opportunity dream destroyer. The shorts felt that today.
S&P 500 1,941.28 +37.27 +1.96%
DOW 30 16,614.81 +215.14 +1.31%
NASDAQ 4,419.48 +103.41 +2.40%
Russell 2000 1,112.85 +17.88 +1.63%

Stockshakers Market Close update Monday 10-20-2014

The big news is that Lenders are going to start to ease restrictions on Lending for

Mortgages…get ready for the housing Boom to start!
IBM getting crushed on eaothrnings miss but Ilumina ILMN and Apple AAPL both delivered better news to investors.

S&P 500 1,904.01 +17.25 +0.91%
DOW 30 16,399.67 +19.26 +0.12%
NASDAQ 4,316.07 +57.63 +1.35%
Russell 2000 1,094.97 +12.64 +1.17%

Equities Index futures are pointing slightly down in the extended session.

Stockshakers Market Close update Friday 10-17-2014

 
S&P 500 1,886.76 +24.00 +1.29%
DOW 30 16,380.41 +263.17 +1.63%
NASDAQ 4,258.44 +41.05 +0.97%
Russell 2000 1,082.33 -3.48 -0.32%

Stockshakers Market Close update Thursday 10-16-2014

 
S&P 500 1,862.76 +0.27 +0.01%
DOW 30 16,117.24 -24.50 -0.15%
NASDAQ 4,217.39 +2.07 +0.05%
Russell 2000 1,085.81 +13.36 +1.25%