Thursday Market Wrap 1/31/12

{+++} The S&P landed pretty much on its 10 day daily moving average today. This action has been mind numbing the last few days and unless your playing earnings, there isn’t much excitement. I triggered ASGN today as it was acting well. This may react to the jobs number tomorrow, good or bad. Tomorrow is […]

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A Little Air Comes Out

{+++}We saw a small pullback today as the DOW sold off a whopping 44 points.  The S&P came off four points and tested the 1500 level. The Nazzy was pretty flat, but the Russell 2000 sold off a little over 1% and closed slightly below the 10 day simple moving average. The Russell 2000 is […]

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Fun With Housing

What a move in housing this year. $XHB has doubled . Three sectors I never trade are autos, airlines and housing. Truth be told I didn’t buy into the move and that was my bad. I should have paid more attention. I mentioned on Stocktwits last night that “housing is improving not because rates are […]

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Train Keep Rollin’

The nice price action started Tuesday for the market as prices lifted.  Everyone is waiting for the pullback now, because they always do arrive. The question is always the severity of such a pullback. Nothing goes in a straight line, ever, so looking over your shoulder right now probably isn’t the worst thing to do.  […]

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Just Go Figure

{+++} So Apple Computer is basically finished. The action in the stock has been telling a story for months now. Growth is dying, and you can only penetrate so much of a market before you get your market cap marked to market. Samsung is eating their lunch on so many levels and kids are going […]

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1500 Tomorrow- 2 New Set Ups

{+++} GOOG and IBM are leading the way higher in the after market after nice reports. GOOG seems to be nailing it on the mobile side, maybe that will carry over to FB tomorrow, so maybe that’s a name to watch tomorrow. There were breakouts all over the place today and the market wants higher. […]

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