November 28, 2021 | Daily JAM, Short Term |
The foreign exchange markets have opened stronger in early trading in Sydney. The U.S. dollar rose modestly against the yen, euro and pound in early trading in Sydney. The currency of South Africa, where the variant was identified, rose as much as 0.9% against the dollar. Leveraged accounts bought the Australian dollar against the U.S. currency and yen on risk-positioning and short-covering. The likelihood at this point on late Sunday afternoon is that we’ll get at least a modest bounce on Monday.
October 29, 2020 | Daily JAM, Morning Briefing, Short Term, Volatility, You Might Have Missed |
As of the close today, October 29, the Standard & Poor's 500 was up "just" 1.17%. (The NASDAQ Composite had gained 1.64% and the Dow Jones Industrial Average had picked up 0.52%) I say "just" because after yesterday's 3.53% drop in the index that move today is a...
October 27, 2020 | Daily JAM, Morning Briefing, Volatility |
What I like to see--if I'm on the long side of stocks--after a drop like yesterday when the Standard & Poor's fell 1.86% for its biggest loss in a month and the Dow Jones Industrial Average gave up 2.29%--is a bounce that speaks to investors and traders thinking...
September 25, 2020 | Daily JAM, Morning Briefing, Volatility, You Might Have Missed |
Today looks like a strong rally but I've got my doubts. At the close the Standard & Poor's 500 was up 1.60%. The Dow Jones Industrial Average was ahead 1.34%. The technology laden NASDAQ Composite was higher by 2.26%. The NASDAQ 100, dominated by the technology...
September 24, 2020 | Daily JAM, Short Term, Volatility, You Might Have Missed |
Stocks moved up modestly this morning (modest considering the damage down in the last few days) with the Standard & Poor's 500 up 0.99% at 1 p.m. New York time, the Dow Jones Industrial Average ahead 0.94%, and the NASDAQ Composite gaining 1.16%. The move seems to...
September 22, 2020 | Daily JAM, Morning Briefing, Short Term, Volatility, You Might Have Missed |
This morning it looked like we might not get the bounce I expected today after the Monday morning sell off and Monday afternoon recovery. The NASDAQ, dominated by the big tech names most likely to bounce today, started Tuesday off in a mild downturn. As of 11:07 a.m....
September 21, 2020 | Daily JAM, Short Term |
At noon today, September 21, the NASDAQ 100, dominated by the big stocks that have led this rally, was down by 1.17%. Shares of Apple (AAPL), were lower by 0.41%. Amazon (AMZN) was off 1.66%. Alphabet (GOOG) was down 2.72%. Facebook (FB) had tumbled 2.10%. Microsoft...
September 20, 2020 | Daily JAM |
... all eyes on the 50-day moving average for tech stocks. Friday the NASDAQ 100 (^NDX in the Yahoo closed quote system)Â closed at 10936, well below its 50-day moving average at 11189. Apple (AAPL) was down another 3.17% at the close and finished at $106.84, well...
September 9, 2020 | Daily JAM, Short Term |
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March 13, 2020 | Daily JAM, Short Term |
The Standard & Poor's 500 was up 4.66% at 1:53 p.m. New York time after opening up more than 5%. Since 1:53 level, however, the index has been gradually fading. As of 3 p.m. the gain for the day was down to 3.36%. The bounce this morning was very strong from...
March 12, 2020 | Daily JAM |
After plunging so much so quickly, U.S. stocks are near support at 2500 and are looking oversold in the short run. Please do not take this as an indication that I believe the downtrend is over or that we aren't looking at the possibility of a protracted bear. The...
March 5, 2020 | Daily JAM |
Today, stocks are down again. Big time. As f 3:20 p.m. New York time the Standard & Poor's 500 was down 3.97% and the Dow Jones Industrial Average was lower by 4.05%. The NASDAQ Composite was off 3.62%. And the Russell 2000 small cap index had lost 3.95%. The...
