Stockshakers Market Close update Monday 09-08-2014

Mixed market on Monday with the Nasdaq outperforming on a quiet day of trading. The US Dollar continues to exert its force.

 

S&P 500 2,001.54 -6.17 -0.31%
DOW 30 17,111.42 -25.94 -0.15%
NASDAQ 4,592.29 +9.39 +0.20%
Russell 2000 1,172.31 +2.18 +0.19%

Stockshakers Market Close update Friday 09-05-2014

S&P 500         2,007.71         +10.06     +0.50%
DOW 30         17,137.36     +67.78     +0.40%
NASDAQ         4,582.90         +20.61     +0.45%
Russell 2000     1,170.13         +2.92     +0.25%

Stockshakers Market Close update Thursday 09-04-2014

 

Interestingly stockshakers are seeing some red flags on the indexes showing up here along with the flight to quality into the U.S. Dollar which is starting to look like a good reason to take pause on equities for a moment or at least prepare your hedges.
S&P 500         1,997.65         -3.07     -0.15%
DOW 30         17,069.58     -8.70     -0.05%
NASDAQ         4,562.29         -10.28     -0.22%
Russell 2000     1,167.21         -4.99     -0.43%

The S&P closed with a new all-time weekly high, new all-time daily high, and a new all-time intraday high. The S&P ended the day at,HOD ending the session at 2007.71

Stockshakers Market Close update Wednesday 09-03-2014

 
S&P 500         2,000.72         -1.56     -0.08%
DOW 30         17,078.28     +10.72     +0.06%
NASDAQ         4,572.57         -25.62     -0.56%
Russell 2000     1,172.20         -7.27     -0.62%

 

According to the Stock Trader’s Almanac, September is the worst month of the year for the stock market. Now let’s peel away some of the
layers of fear to present the not so scary facts behind this statement.

* Average loss in September is only -0.5%.

* 46% of the time the month produces profits.

* The last two Septembers have seen gains of +2.8% and +2.4% respectively. Not to mention +8.8% in the 2010 period.

So that means September is really not that ominous a time for stocks and the best trading strategy is based on the most recent measures. In
that regard, we are still in the midst of a long term bull rally and recent data shows an accelerating economy.

Stockshakers Market Close update Tuesday 09-02-2014

 

The US Dollar strength today looked like some serious flight to quality taking place.
The Yen was under pressure the entire trading session.

S&P 500         2,002.28         -1.09     -0.05%
DOW 30         17,067.56     -30.89     -0.18%
NASDAQ         4,598.19         +17.92     +0.39%
Russell 2000     1,179.47         +5.12     +0.44%

 

S&P nudged above last week’s peak (2005) to set a new ATH intraday (2006.12) while the Nasdaq Comp recorded a similar mark to establish a new multi-year high the Dow however did not.
The Dow and Nasdaq Comp set new session highs mid-morning but the S&P  momentum faded after the opening rise and sputtered the rest of the midday session with the indices slipping to new session lows in early afternoon trade.  A steady grind higher during the afternoon led to a mixed finish with the outperforming Nasdaq Comp closing just off the high.
Sectors that underperformed Gold Miners GDX, Natural Gas UNG, Casino BJK, Crude Oil USO, Gold GLD, Silver SLV, Oil Service OIH, Energy XLE, Mining XME, Utility
XLU.  Sector groups that finished on the plus side included: Airline, Transports IYT, Auto, Reg Bank KRE, Trucking, Internet FDN, Software IGV, Bank KBE,
Rail.
The S&P 500 Resistance is above the high (2006) and at a Fib Extension target near 2010.  Support is at 1998/1997.

REMINDER: U.S. equity markets are closed Monday, September 1, 2014, for the Labor Day holiday

REMINDER: U.S. equity markets are closed Monday, September 1, 2014, for the Labor Day holiday

Stockshakers Market Close update Friday 08-29-2014

 

S&P 500 records the largest monthly percentage gain since February in August 2014.
Volcanoes In Iceland, Papua New Guinea erupt on the same day, Airlines got hit hard.
Bardarbunga volcano in Iceland began erupting just a few minutes
after midnight local time on Friday.

S&P 500 2,003.37 +6.63 +0.33%
DOW 30 17,098.45 +18.88 +0.11%
NASDAQ 4,580.27 +22.58 +0.50%
Russell 2000 1,174.35 +8.40 +0.72%

 

Stockshakers Market Close update Thursday 08-28-2014

 

 

S&P 500 halts 3-day win streak to end below 2,000.
S&P 500 back below 2,000, snapping 3-session win streak
S&P 500 1,996.74 -3.38 -0.17%
DOW 30 17,079.57 -42.44 -0.25%
NASDAQ 4,557.69 -11.93 -0.26%
Russell 2000 1,165.95 -6.76 -0.58%

 

While the real money is on vacation for another week and a half the market muddles along with minor pullbacks due to geopolitical concerns.

Stockshakers Market Close update Wednesday 08-27-2014

 

 

S&P 500 2,000.12 +0.10 unch
DOW 30 17,122.01 +15.31 +0.09%
NASDAQ 4,569.62 -1.02 -0.02%
Russell 2000 1,172.71 -2.46 -0.21%

 

Stockshakers Market Close update Tuesday 08-26-2014

 

 

 

 

S&P 500 2,000.02 +2.10 +0.11%
DOW 30 17,106.70 +29.83 +0.17%
NASDAQ 4,570.64 +13.29 +0.29%
Russell 2000 1,175.17 +9.95 +0.85%

Stockshakers Market Close update Monday 08-25-2014

 

S&P 500 hit new All time highs and broke above 2000 during todays trading session.
Biotech and medical sectors led the way.
The Bulls were in control today.

 

S&P 500 1,997.92 +9.52 +0.48%
DOW 30 17,076.87 +75.65 +0.44%
NASDAQ 4,557.35 +18.80 +0.41%
Russell 2000 1,165.22 +4.88 +0.42%

Stockshakers Market Close update Friday 08-22-2014

 

Major U.S. stock indexes notch 3rd week of gains.
AAPL hit All time Highs in today’s trading session and extended the upward trajectory into the extended trading session.
S&P 500 1,988.40 -3.97 -0.20%
DOW 30 17,001.22 -38.27 -0.22%
NASDAQ 4,538.55 +6.45 +0.14%
Russell 2000 1,160.34 +0.31 +0.03%