May 20, 2021 | Daily JAM, Short Term |
At the close today the Standard & Poor’s 500 was up 1.06%; the NASDAQ Composite had gained 1.77%; and the small cap Russell 2000 finished ahead 0.64%. Those gains put a stop to a string of three straight days of declines. But today’s upside move wasn’t enough to reverse what looks like a downward trend in stocks.
July 25, 2018 | Daily JAM |
The NASDAQ Composite Index broke higher out of the gate yesterday, July 24, climbing to 7928 at 9:39 a.m. New York time and staying solidly to the upside through 10:22 at 7924.53 on strong earnings from Alphabet (GOOG). But then the index proceeded to slide lower to...
June 7, 2018 | Daily JAM |
The major indexes don't tell the story today. As of 3:30 p.m. in New York the Standard & Poor's 500 was off 0.15% and the Dow Jones Industrial Average was ahead 0.3%. The real damage, though, was those stocks that had led the market up in the earlier part of the...
September 9, 2017 | Uncategorized |
News from Apple’s September 12 iPhone event is obviously, important for Apple shares. The stock closed up 36.96% for 2017 as of September 9 and is ahead 56.5% for the last year. Investors and traders have pushed the stock high on a belief that for the 10th anniversary of the iPhone Apple will produce something great. But the importance of Apple’s news to the general market can’t be exaggerated at a time when that general market seems inclined to nervousness
July 23, 2017 | Daily JAM |
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July 19, 2017 | Daily JAM, Morning Briefing, Short Term |
According to Bank of America Merrill Lynch’s most recent survey, money managers are 20% underweight U.S. equities. Managers haven’t been this underweight since January 2008. At that point the Standard & Poor’s 500 was near a peak before crashing in the global financial crisis.The underweighting is a result of valuation. “A net 80% of investors think the United States is the most overvalued region.”
June 29, 2017 | Daily JAM, Morning Briefing, Short Term, Volatility |
Yesterday’s rally in technology stocks and the NASDAQ Composite has disappeared this morning. At 12:30 New York time the NASDAQ was off 1.6%; the Technology Sector Select SPDR (XLK) was down 1.72%; and individual technology stocks were also in the red. Amazon (AMZN), for example, was lower by 1.58%; Nvidia (NVDA) was down 3.57%; Apple (AAPL) had retreated 1.58%; and Facebook had lost 1.16%.
June 27, 2017 | Uncategorized |
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June 26, 2017 | Daily JAM, Short Term, Volatility, You Might Have Missed |
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June 10, 2017 | Daily JAM, Friday Trick or Trend |
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June 25, 2016 | Volatility |
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January 27, 2016 | Uncategorized |
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