More Nazzy Highs

Monday’s gains mark a return for major indexes to record or near-record territory. Receding fears about Greece’s financial situation and some stronger-than-expected earnings reports have bolstered shares in recent sessions. For the month, the Dow has added 2.7% and the S&P 500 has gained 3.2%. So far so good.  Its hard to be negative on […]

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Nazzy Rips , Breadth Suspect

The Nasdaq extended its record-setting run to a second day, boosted by strong earnings from Google. The Nazzy launched to more record highs on Friday. Google had a 16% pop off great earnings and that helped lift things in a big way. The Nasdaq Internet Index, which tracks large U.S.-listed, Internet-focused companies, rose 7.1% this […]

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Tech Is Tight

The Nasdaq notched a record high Thursday, buoyed by a rally in technology shares following a batch of upbeat earnings reports. As I said, the bar is very low for earnings so they are easy to beat.  The market knows this and just bids things up anyway. Shares of NFLX soared 18% today and GOOG […]

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Feed the Ducks When They’re Quackin’

Translation, sell a little into strength when your stocks are going up and always raise your stop concurrently.  That’s how you stay out of trouble when trading.  I did a little of that today.  You never know when the next European country will decide to implode right? The Nasdaq is real close to new highs […]

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Biotech New All Time Highs

U.S. stocks rose Tuesday, pushing the Dow back above 18,000 for the first time in three weeks. The day extended the rally in stocks to four sessions. With Tuesday’s gains, the S&P  is up 2.4% and the Dow is up 1.3% for the year. With Greece and China in the rear view mirror (for now?) […]

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A Very Nice Continuation

Stocks advanced Monday after eurozone leaders said they reached a deal to provide further bailout aid to Greece.  Eurozone leaders would give Greece($96 billion) in fresh aid as long as the Greek Parliament by Wednesday passes pension overhauls and sales-tax increases that voters overwhelmingly rejected just a week ago.  Fun times. Our market liked it […]

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Earnings Calendar For the Week

Monday, July 13 After The Close Actual Consensus Yr Ago Actual Rev Consensus Rev Yr/Yr Rev Bank of the Ozarks OZRK 0.51 0.34 121.91 Performance Sports PSG 0.17 144.71 (a) Excluding non-recurring items. (b) Calculated using current exchange rate. (c) May not be comparable to consensus. Tuesday, July 14 Before The Open Actual Consensus Yr […]

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