Now Retail Implodes

Dow -217.23 at 17711.12, Nasdaq -49.19 at 4760.69, S&P-19.93 at 2064.46 Equity indices began under pressure as weaker than expected earnings results and guidance from the likes of Walt Disney (DIS 102.29, -4.31), Macy’s (M 31.38, -5.61) and Fossil (FOSL 28.44, -11.66) dampened investor sentiment. Other retail stocks that didn’t report got hit anyway as KORS […]

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Market Flat, Commodities Take it On the Chin

As the dollar rises….. …….Commodity related items are falling GDX A rally in health-care and biotechnology shares helped the Nasdaq outperform today, but  losses in the energy sector, spurred by falling oil prices and continuing concerns about a glut of crude, weighed on the market. The bullish commodity case has been curtailed of late because […]

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It Won’t Take Much

Nasdaq Composite -5.4% YTD Russell 2000 -2.0% YTD S&P 500 +0.7% YTD Dow Jones +1.8% YTD In last weeks’ newsletter I warned of the possibility of some potential market weakness. The week that just closed was indeed lower, but not a panic situation. I do see some action though that could be a small shot […]

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No Conviction

Fitbit board meeting The Dow  rose 9.5 points, after earlier rising as much as 85 points. The Nasdaq fell 0.2%, while the S&P edged down fractionally. First-quarter profits for S&P companies are on track to fall 7.1% in the first quarter from a year earlier, according to FactSet. It would be the fourth-consecutive decline.  The […]

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Markets Continue Lower

Nasdaq Composite -5.6% YTD Russell 2000 -2.0% YTD S&P 500 +0.4% YTD Dow Jones +1.3% YTD The Dow fell 99.65 points, while the S&P lost 12.25. It was the lowest closes for both indexes since April 11. The Nasdaq fell 37.58, its lowest level since March 10. Bank stocks, which have slumped this year on […]

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May Gains Erased, That Was Fast

The Dow Jones lost 140.25 points, or 0.8%. The S&P fell 18.06 points, and the Nasdaq dropped 54.37 points, or 1.1%, to 4763.22. Stocks fell today, wiping out Monday’s gains in another sign that the nearly three-month rally could be on shaky ground.   Stock indexes have fallen three of the past four trading days, and […]

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