Category Archives: Stock Market
Stocks higher a day ahead of Fed meeting
U.S. stocks rose on Tuesday, a day ahead of the start of a crucial Federal Reserve policy meeting. Fed policymakers will convene a two-day meeting on Wednesday and could decide to raise interest rates for the first time in close to a decade. Energy stocks rose more than the rest of the market as the price of crude oil moved higher.
The Dow Jones industrial average gained 177 points, or 1.1%, to 16,548 as of 1:06 p.m. Eastern time. The Standard & Poor’s 500 index climbed 18 points, or 0.9 percent, to 1,971. The Nasdaq composite rose 36 points, or 0.75 percent, to 4,842.
The stock market has recovered some of the ground that it lost in August and early September, but is still down from its peak of the year as traders and investors fret about the possible impact of slower growth in China and other emerging markets. The S&P 500 is down 7.5 percent from its record close set in May.
Americans stepped up their spending on cars, restaurant meals, groceries and clothing in August. The Commerce Department said Tuesday that retail sales rose 0.2 percent last month, after advancing 0.7 percent in July. The increase was slightly less than economists had forecast.
Investors are looking ahead to the Federal Open Market Committee meeting this Thursday.
Russell 2000 Higher and at a Very Important Level
Small-Caps and penny stocks just turned positive as the Russell 2000 moved into the green just after noon. At the opening, the small stock index opened lower and continued lower before bouncing off its intra-day low just above 1,143.
It is now at 1,153 which is a critical point. If the Russell breaks above that price, there will be some support there. That will make it easier to move higher before it hits a significant technical and psychological resistance level near 1,200.
Stocks are mostly higher this morning, as investors eyed declines in oil prices and remained uncertain ahead of the key Federal Reserve meeting next week.
The major averages reversed opening losses to attempt slight gains.
Energy briefly fell more than 1.5 percent to lead nearly all S&P 500 sectors lower.
Oil trimmed losses after earlier falling about 3 percent or more after Goldman Sachs became the latest bank to cut price forecasts. Brent crude held about 2 percent lower near $47.80 a barrel and WTI crude traded about 1.7 percent lower to above $45 a barrel after earlier falling more than 3 percent.
The Sound of Silence on a Trading Floor
God bless the fallen, the innocent civilians killed
on this day.
God bless their families.
God bless the families of our friends and colleagues that died in the World Trace Center towers. We spoke almost every day on the phone from the trading floor, until everything fell silent that morning. The phones stopped ringing completely. No time-stamps being punched. Everything stopped. Nobody could speak.
The only sound heard was the time-stamp machines clicking as another minute passed. I never knew how loud those were before. They seemed like jackhammers against the silence.
An eerie silence. A silence we could feel, almost touch. A silence I still hear once in a while. A silence that was broken only by the sound of a burst of crying across the room when a co-worker was overtaken with fear and helplessness.
It still seems like yesterday. I can remember everything from that day still. I can even remember the brand and flavor of the coffee in the break room. I haven’t and cannot forget any of it.
You will never be forgotten.
Insider Trading: What It REALLY Means When CEOs Sell
For almost a decade, we worked in the “Private Corporate Client” area of an international brokerage firm. “Private Corporate Client” is just another way of saying “Insider” as a majority of our clients were insiders selling their restricted shares and companies themselves doing buybacks/repurhcases. Because of that experience, we know why insiders REALLY SELL or BUY their company’s shares.
…Continue Reading
Reading Market-Maker Signals – What They Mean
Many traders believe that Market-Makers (MMs) will “signal” moves in advance buy using small amounts of buys or sells as “signals”. The “signals” are from one MM to another.
This is a theory put forth by a lot of penny stock and non-penny stock traders. This is not a guaranteed trading method but can lend some insight to communications. It can pay to watch a few MMs of your favorite stock over several days or weeks to see if they follow these or other similar signals. That way, you can divine what they are going to do and jump in ahead of any move that may come.
Reading Market-Makers Signals
See the signs and messages they send each other
Many traders believe that Market-Makers (MMs) will “signal” moves in advance by using small amounts of buys or sells as “signals”. The “signals” are from one MM to another.
This is a theory put forth by a lot of penny stock and non-penny stock traders. This is not a guaranteed trading method but can lend some insight to communications. It can pay to watch a few MMs so you can divine what they are going to do and jump in ahead of any move that may come.
Dow down 100
Stocks traded lower as declines in oil weighed amid the July employment report that supported the case for a rate hike as early as September.
“I think the market’s successfully digested the nonfarm payrolls number and now shifting to fundamental drivers like the commodity complex,” said Art Hogan, strategist at Wunderlich.
Oil fell to just above $44 barrel and brent crude topped $49 a barrel. The Dow transports fell more than 1 percent.
The Dow 30 fell more than 100 points as consumer stocks continued a recent decline.
The July nonfarm payrolls report said that 215,000 jobs were added in July, with an unemployment rate of 5.3 percent.
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Nasdaq falls 1%, Dow falls 150
U.S. stocks lower despite surprisingly strong Amazon earnings, as signs of slower global growth weighed.
The major averages extended losses, breaking through support levels of about 2,088 on the S&P500 and 17,600 on the DJI.
The Dow Jones industrial average fell more than 150 points as Goldman Sachs declined and Chevron and Exxon Mobil hit multi-year lows with the continued decline in oil.
Another look at penny stock picks.