This blog follows the US stock market daily. Free market news, market comments, stock charts, stock and options buy/sell suggestions are provided throughout the day.
Wednesday, July 9, 2014
Stock Market Trend Is Still Up
Dow, Nasdaq, S & P 500 and Russell 2000 are now trading at 16938.25 +31.56, 4406.11 +16.65, 1172.82 +3.98 and 1967.70 +0.64 respectively. Today's strong sectors are solar TAN, Gold GDX, social networking SOCL, Internet FDN, software IGV and networking IGN. Weak sector is utililites XLU. Standard & Poor's 500 biggest gainers are: AA +4.3%, HAR +2.8%, RAI +2.6%. The largest decliners in the S & P 500 are: GRMN -5.9%, MU-1.9%, PCL-1.8%. 10 year bond yield rose 0.014% to 2.578%. August crude futures fell $ 0.74 to $ 102.66 a barrel. August gold futures rose $ 9.4 an ounce to $ 1,325.90.
U.S. stocks opened up this morning and have been rising slowly. Major indices rose by an average of about 0.2%. After two days of sharp drop, U.S. stocks are rebounding. Better than expected Alcoa (AA) earning and calm European markets helped. Technically, Dow, S & P 500 and Nasdaq were able to hold their 20-day moving average support yesterday. These levels are 16886,1958 and 4381 respectively. Technically the stock market trend is still up. It will be a buy signal if the Dow can regain 17,000 level. Analysts are generally optimistic on the second quarter corporate earnings and this is should bode well for the market. Minutes of the Fed's June meeting will be released at 11:00AM Pacific time today. This will likely cause market volatility and possibly a trigger for rally. Dow, Nasdaq, S & P 500 and Russell 2000's major resistances are 17000,4425,1985 and 1181 respectivley. Supports are: 16886,4381,1958 and 1167 respectively.
Contact Email: tradeideablog@gmail.com
U.C. Berkeley graduated, former electronic/computer engineer turned investment advisor / analyst. In the market 42 years with focus in market timing, learned from experience to trust charts,combine with trend, valuation, news and investors sentiment in making trading decisions,, knowing anything can happen to the market so very flexible to trade both sides of the market. 1992 CNBC/USA Today Investment Challenge professional options division champ with 3 month return of 1125%. In real life trading accomplished 9600% return by trading TZA options in the course of 3 months, doubled account value in 3 months by trading 3X ETFs. Now retired and enjoy trading stock and options daily. On going partnership with Sing Tao Daily and Sing Tao Radios in offering advanced stock and options trading classes semi-annually.
联系Email:tradeideablog@gmail.com
伯克利加州大学毕业,前电子/计算机工程师转为财务顾问/股市分析师。 在市场42年,专注于参与市场时机。从经验中学到信任图表,结合趋势、估值、新闻和投资者情绪做出交易决策。知道任何事情都可能发生在市场上,因此非常灵活地参与买涨及做空,参与市场的两个方向。 1992年CNBC /今日美国日报投资挑战赛专业期权组冠军,3个月回报率为1125%。 在现实生活中,通过在3个月内交易TZA期权获得9600%的回报,通过交易3X ETF在3个月内使账户价值翻倍。 现在退休,享受每日交易股票和期权。 与星岛日报和星岛电台合作,每半年提供一次深入的股票和期权交易课程。
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