Short Term
Trick or trend: Yield trend points down but election chaos could reverse direction
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Friday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. A measure of...Key stocks close at 50-day moving average–again
Hmmm. Last time a declining technology sector bounced hard, it staged that recovery after hitting the 50-day moving average. Well, guess what? It's back. For example, Apple (AAPL), a critical bellwether stock in the sector closed today, September 17, at $110.34. The...
Stock market rethinks its initial enthusiasm for Fed outlook
At 2:30 p.m. New York time, about the time the Federal Reserve issued its press statement on today's meeting of the Fed's interest rate setting body the Open Market Committee and about the time when Fed chair Jerome Powell issued his comments on the meeting, stocks...
Part 3 in my series on the Vaccine Put–how you can protect your portfolio if this support for stock prices falters over the next two or three months
Just in case you needed an example of how powerful the Vaccine Put is, check out today's (September 14) action in the U.S. stocks. On positive "indications" about a possible coronavirus treatment, Incyte (INCY) was up 5.55% as of 3 p.m. New York time. On positive news...Tech bounces off 50-day moving average
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Slide in the afternoon doesn’t augur well for tomorrow
The NASDAQ Composite was down an already punishing 2.75% at noon in New York. But the damage wasn't done for the day. The tech-heavy index closed the day down 4.11% And the big techs, the stocks that had driven the rally up and are now pacing the move down, sold off...
NASDAQ 100 moves into correction
Traders who bought on the dip at the end of last week were a bit early, the market is saying today. As of noon New York time, the Standard & Poor's 500 was down 1.91%; the Dow Jones Industrial Average was off 1.56%, and the NASDAQ Composite was lower by a whopping...
Saturday Night Quarterback (Labor Day edition) says, For the week ahead expect…
... one more down day (at least) for stocks, especially big technology stocks and the NASDAQ 100, if history is any guide. If. The S&P 500 is down 4.3% over Thursday and Friday. (It's still up 53% from its March low.) Â The NASDAQ 100 fell 6.4% over those two days....
Short-term leveraged options bets still unwinding this morning taking indexes down further
At noon New York time today the Standard & Poor's 500 was down 1.92% and the Dow Jones Industrial Average was off 1.63%. The NASDAQ Composite was lower by 2.65%. Despite solid gains in the August jobs report this morning that matched Wall Street expectations. But...
Dow plunges 800 points; S&P 500 down 4.25% at its low for the day–but what happened today?
I love this headline today on Yahoo Finance: "Stocks post worst day since June." Since June!! What else were you expecting in a rally that has become completely unmoored from any fundamentals in the real world. Remember that when some talking head ties to convince you...
Stocks plunge after new claims for unemployment report
Initial claims for unemployment filed in state unemployment programs totaled 881,000 for the week ended August 29, the Labor Department reported today. On a seasonally adjusted basis. Unfortunately, due to a change in the way the Department of Labor calculates that...Jim’s Stock Alerts
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