Posts Tagged ‘downside’
October 5th, 2009
(Lee Siler) - Stocks dropped four straight sessions last week to end down around 2% among the major averages. Considering we've rallied for seven consecutive months, this two week pullback may look less ominous than it is. It's ironic that this pullback started just before we start 3rd quarter earnings season.
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Tags: alcoa, dow components, dow jones, downside, earnings season, moving average, NASDAQ, pullback, quarter earnings, sessions, stocks
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September 4th, 2009
(Lee Siler) - Yesterday, the market broke a four-day losing streak, as Wall Street was waiting for this morning's jobs report. Despite much speculation, the Labor Department reported that unemployment rose to 9.7% compared to an estimate of 9.5%. However, the news wasn't all bad, as U.S. employers cut a fewer-than-expected 216,000 jobs. The hike in the unemployment rate came from revisions the Labor Department did for June and July.
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Tags: downside, economy, holiday weekend, investors, jobless rate, jobs, labor day, labor day weekend, labor department, losing streak, recession, revisions, risk, speculation, stock futures, unemployment rate, Wall Street
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August 31st, 2009
(Lee Siler) - Last week the major averages treaded water, but the sentiment was changing. Despite a plethora of good economic data, the stock market was unable to gain any ground. In fact, there were several sessions where the market rallied right out of the gate, but by the end of the day was barely above the Mendoza line. In my opinion, this is a sign that the market is getting tired and the buyers are fading. What's more, the overseas markets have been correcting for weeks. China took a 20% hit a few weeks ago before rebounding slightly. However, overnight the Shanghai Index tanked almost 7%.
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Tags: china, downside, economic crisis, economic data, etf, foreign markets, matter of time, mendoza line, overseas markets, plethora, proshares, pullback, sentiment, several sessions, shanghai index, stock market
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July 7th, 2009
(Lee Siler) - Yesterday's feeble attempt at a rally was simply an oversold bounce. I think the path of least resistance is to the downside. What's more, this week is the start of earnings season, which could potentially add more pressure to stocks.
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Tags: bounce, consecutive increase, contraction, downside, earnings season, economy, feeble attempt, gross domestic product, institute for supply management, ism, path of least resistance, rally, sector report, segment, sideline, stocks
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June 25th, 2009
(Lee Siler) - As the market continued to lack direction, the Federal Reserve announced that interest rates would be left alone for the foreseeable future. With the economy still at risk of a more significant downturn, monetary policy will remain status quot.
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Tags: commerce department, current market, downside, downturn, economic data, economists, economy, federal reserve, first quarter, foreseeable future, gross domestic product, interest rates, jobless claims, labor department, monetary policy, pace, risk, stocks, unemployment rate
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June 9th, 2009
(Lee Siler) - The market seems to be in no man's land, as the major averages simply hover at current levels. Something is going to have to give one way or the other with regards to stocks. I tend to think the recent tug-of war between the bulls and the bears will likely take stocks lower in the short-term. But, I've been saying that for a few weeks now.
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Tags: apple computer, battery life, bears, bulls, conviction, downside, iphone, models, new generation, news apple, news of the day, palm, research in motion, rivals, sideline, stocks, tug of war, video camera
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