[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] The major averages continue to drift lower as the technical damage underneath the surface gets worse. Barring some large unforeseen move before the close, the Major averages are on track to end mixed for the month: The Dow Industrials, S&P 500, Nasdaq Comp, Nasdaq 100 and NYSE Comp are all…
Note: The stocks on this list are the strongest performing stocks this year as of 3pm on 04.28.15. They are separated based on Market Cap and in most cases must have avg volume > 500k (except nano cap). There are no fundamental or other technical requirements for these stocks. [su_heading style=”modern-2-dark” size=”20″] Mega-Cap: >$200B &…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Over the last 48hrs, the market is trading in a sloppy fashion as the key biotech sector is trading all over the map. The bulls are currently doing their best to defend support for the $IBB (biotech ETF) near its 50 DMA line. So far, every time, this market shows…
[su_spoiler title=”Monday-Wednesday’s Action: Earnings Continue To Be Released” style=”fancy”] Stocks rallied sharply on Monday after China took more steps to stimulate their economy. Over the weekend, China’s Central Bank, The People’s Bank of China, lowered the reserve requirement ratio for banks to 18.5% from 19.5%. The 100 basis point cut was the largest move since…