This morning, most of the leading stocks in the Dow Jones Industrial Average (DJIA) are trading higher. Traders must remember that the DJIA is a price cap weighted index unlike the S&P 500 Index and NASDAQ Composite which are market cap weighted indexes. When a price cap weighted index trades higher it will usually signal that the high priced stocks in that indexes are trading higher. Today, International Business Machines Corp (NYSE:IBM) is the highest priced stock in the DJIA and… Continue
Added by Bryan Leighton on April 16, 2012 at 10:45am —
The market is being held up by the Dow Jones Industrial Average today. The SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) is trading at $121.26, +0.31 (+0.26%) while the S&P 500 and NASDAQ are both flat to negative. Most average investors will not think anything of this disparity but a true pro will always take note. Continue
Stocks that are in the Dow Jones Industrial Average are thought of blue chip, safe plays. Some of these Dow components are 3M Company (NYSE:MMM) and…
Added by Bryan Leighton on December 6, 2011 at 12:51pm —
The three E's are hurting the market today. Earnings, Economic Data and Europe. A compilation of negative earnings, economic news and worries from Europe sent markets lower today. The S&P 500 is trading at 1,236.93, -17.26 (-1.38%). In the last three weeks, the markets have seen a meteoric rise of 15% across the board. It is due for a pull back. Continue
Earnings reports from companies disappointed Wall Street. Cummins Inc. (NYSE:CMI) is trading at $93.02, -5.80 (-5.87%), 3M Company…
Added by Bryan Leighton on October 25, 2011 at 12:24pm —
President Obama will make a major speech to the country this evening at 7pm ET. He is expected to discuss a plan for job growth. It is likely to involve some sort of infrastructure rebuilding. If an infrastructure plan is unveiled, what are the stock play's investors will buy?
The markets are trading around the flat line, prior to this big speech. The SPDR S&P 500 ETF (NYSE:SPY) is trading at… Continue
Added by Bryan Leighton on September 8, 2011 at 11:43am —
The markets are holding just around the flat line today. Panic still remains and many believe another collapse is around the corner. While the average investor is beginning to panic, seasoned traders are avoiding emotion and looking at reality. When looking at reality they are buying for the short term, looking for a bounce. There are many signals pointing to the fact that the lows were in on August 9th, 2011 when the S&P 500 had a 70 point reversal off the lows.
First, the short… Continue
Added by Bryan Leighton on August 22, 2011 at 12:44pm —
The stock market had recovered all its early losses to turn briefly positive on the day. This was impressive to say the least as there is still underlying fear everywhere. Europe is still a mess and experiencing an epic default risk. This move up to the flat line coincided with the 12pm ET press conference between the leaders of Germany and France. President Sarkozy and Chancellor Merkel took a hard line against the southern countries in Europe. Balanced budget amendments were thrown around as… Continue
Added by Bryan Leighton on August 16, 2011 at 2:09pm —
The stock market is holding a majority of the gains. The SPDR S&P 500 ETF (NYSE:SPY) is trading at $115.32, +3.03 (+2.70%). The key to this market is whether or not the gains can be held into the close. Just yesterday, the markets sold sharply in the final ninety minutes of trading. This is on the mind of every trader and will be a major test.
The reason for the late day sell yesterday was due to European fears. Traders did not want to hold any positions into the close of trading… Continue
Added by Bryan Leighton on August 11, 2011 at 12:54pm —
The markets are attempting to recover from massive losses today. If the markets are able to squeeze out a flat close or slightly positive, many major stocks look to be amazing buys. The key to going long is the massive fear in the markets and the reversal signal of capitulation in the markets today, should a flat or positive close occur.
The first stocks to pop will be large cap players that were at or near their 52 week highs just weeks ago. Many of these stocks are performing well… Continue
Added by Bryan Leighton on August 3, 2011 at 1:24pm —
As the markets hover around their lows on fears of a new global recession, certain stocks are looking more attractive than others. The markets are nearing a major break down based on the daily 200 moving average on the S&P 500. Wall Street players must be very careful when picking up anything long, choosing the correct stocks at the perfect levels.
3M Company (NYSE:MMM) is showing significant strength even while trading slightly lower on the day. With the S&P 500 down 1.5%,… Continue
Added by Bryan Leighton on August 2, 2011 at 1:22pm —