Tuesday Market Wrap

For the day the SPX/DOW were -0.20%, and the NDX/NAZ were mixed. Bonds lost 3 ticks, Crude dropped $3.15, Gold slipped $8, and the USD was higher.  Tomorrow: the ADP index at 8am; ISM manufacturing, Construction spending and Auto sales at 10am.  The market opened a few points higher today. Dropped to SPX 1970, then rallied to [...]

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Alibaba Hangover?

The stock market has been acting oddly of late.  The strange feeling is that it has been very volatile ever since the S&P 500 hit a record high on September 19 — the day of the Alibaba Group  IPO. Since then, it really hasn’t responded all that favorably to good news.  Market breadth has narrowed, [...]

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Monday Market Wrap

The market stopped going down after the first five minutes of the day then rallied throughout the day and ended pretty much unchanged.  For the day the SPX/DOW were -0.25%, and the NDX/NAZ were -0.15%. Bonds gained 13 ticks, Crude rallied 90 cents, Gold lost $1, and the USD was lower.  Short term support is [...]

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About Those Dow Orphans

A year ago this week, the S&P Dow Jones Indices group reshuffled the Dow Jones Industrial Average, swapping out three stocks rather than the customary one or two alterations. They substituted Alcoa, Bank of America, and Hewlett-Packard, with Goldman Sachs, Nike, and Visa. How have these changes worked out? Considering the deletions are up 47%, [...]

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