19 May
Daily Market Commentary

Market Remains In A Correction; Day Count Reset

Wednesday, May 19, 2010
Market Commentary:

U.S. stocks fell even as the euro rallied after investors digested a slew of economic data. Volume totals were reported higher on the Nasdaq and the NYSE compared to Tuesday’s total which was not an encouraging sign. Decliners trumped advancers by over a 3-to-1 ratio on the NYSE and the Nasdaq exchange. New 52-week lows outnumbered new 52-week highs on both major exchanges. There were only 3 high-ranked companies from the CANSLIM.net Leaders List that made a new 52-week high and appeared on the CANSLIM.net BreakOuts Page, lower than the 15 issues that appeared on the prior session.

Important Fundamental Headlines:

Continue reading

06 Apr
Daily Market Commentary

Investors Digest News From All Corners Of The World

Tuesday, April 6, 2010
Market Commentary:

Stocks opened lower after the Australian Central Bank raised interest rates for a 5th time by a quarter point to +4.25% and Greece rejected an EU-IMF aid package. The market’s internals remain healthy as this rally enters its 6th week since the March 1, 2010 follow-through day (FTD). It is also encouraging to see the major averages (and a slew of leading stocks) hold on to their gains after such a healthy advance.

Investors Digest News From All Corners Of The World:

Continue reading

06 Jan
Daily Market Commentary

Stocks End Mixed On Lackluster Economic Data

Wednesday, January 6, 2010
Market Commentary:

The major averages ended mixed after a private report from ADP showed employers cut more jobs than expected last month and several Federal Reserve officials said they are willing to entertain the notion of more stimulus measures in 2010. Volume, an important indicator of institutional sponsorship, was reported lower than Tuesday’s totals on the NYSE and about even on the Nasdaq exchange which indicated large institutions were not aggressively dumping stocks. Advancers led decliners on the NYSE, but decliners narrowly led advancers by a 5-to-4 ratio on the Nasdaq exchange. There were 57 high-ranked companies from the CANSLIM.net Leaders List that made a new 52-week high and appeared on the CANSLIM.net BreakOuts Page, slightly lower than the total of 58 issues that appeared on the prior session. New 52-week highs solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange.

ADP Jobs Data Disappoints:

Continue reading