Stockshakers Market Close update Wednesday 09-17-2014

Fed did what we expected today and the markets responded in a muted but bullish fashion.
Next up….Biggest IPO in history Friday we welcome BABA.

 

 

S&P 500 2,001.57 +2.59 +0.13%
DOW 30 17,156.85 +24.88 +0.15%
NASDAQ 4,562.19 +9.43 +0.21%
Russell 2000 1,153.89 +2.92 +0.25%

Stockshakers Market Close update Tuesday 09-16-2014

 

 

 
S&P 500 1,998.98 +14.85 +0.75%
DOW 30 17,131.97 +100.83 +0.59%
NASDAQ 4,552.76 +33.86 +0.75%
Russell 2000 1,150.97 +4.45 +0.39%

Stockshakers Market Close update Monday 09-15-2014

Bears are in control with the exception of the Dow.

 

S&P 500 1,984.13 -1.41 -0.07%
DOW 30 17,031.14 +43.63 +0.26%
NASDAQ 4,518.90 -48.70 -1.07%
Russell 2000 1,146.52 -14.09 -1.21%

Stockshakers Market Close update Friday 09-12-2014

Things took a turn today and this could be the start of something much bigger, we shall see.

S&P 500         1,985.54         -11.91     -0.60%
DOW 30         16,987.51     -61.49     -0.36%
NASDAQ         4,567.60         -24.21     -0.53%
Russell 2000     1,160.61         -11.73     -1.00%

Stockshakers Market Close update Thursday 09-11-2014

We will never forget.

 
S&P 500 1,997.45 +1.76 +0.09%
DOW 30 17,049.00 -19.71 -0.12%
NASDAQ 4,591.81 +5.29 +0.12%
Russell 2000 1,172.34 +7.35 +0.63%

 

 

Stockshakers Market Close update Wednesday 09-10-2014

 

 

S&P 500 1,995.69 +7.25 +0.36%
DOW 30 17,068.71 +54.84 +0.32%
NASDAQ 4,586.52 +34.23 +0.75%
Russell 2000 1,164.99 +6.49 +0.56%

 

Today’s bounce back was not unexpected. We could see the bounce continue for another day or in fact Tuesday’s selling might have been a one day event. However technically the market still looks weak. September tends to be a poor month for stocks and has been that way since 1950.We cannot forget that this is a strong bull market that at present is experiencing a bit of weakness. Further weakness can be expected but any huge sell-off is not in the technical indicators right now.
The outlook for Thursday stocks look set to rally in the morning but then could turn negative or sideways. If that happens it will confirm that Wednesday was just a bounce and nothing more.

Stockshakers Market Close update Tuesday 09-09-2014

S&P 500 experiences worst percentage drop in 5 weeks.

 
S&P 500 1,988.44 -13.10 -0.65%
DOW 30 17,013.87 -97.55 -0.57%
NASDAQ 4,552.29 -40.00 -0.87%
Russell 2000 1,158.50 -13.81 -1.18%

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.