Data as of Monday’s Close: Sign Up For Our Free Newsletter & GET POWERFUL IDEAS & MARKET INSIGHTS DELIVERED DIRECTLY TO YOUR INBOX Source: Watermill Trading and Tradestation
LIKE THIS POST? JOIN OUR FREE NEWSLETTER FOCUS ON FACTS, NOT HEADLINES: The US stock market is (very) strong. Remember, it is very easy to get caught up in the latest headline(S) and lose track of what matters most: price action. Until I see any signs of serious distribution (heavy institutional selling) the market deserves…
The major averages advanced on Wednesday as the greenback slid to a 14-year low against the yen after the latest round of economic data was released. As expected, volume, a critical component of institutional demand, was lower than Tuesday’s levels ahead of the the Thanksgiving day holiday. The stock market will be closed on Thursday and is slated to close early on Friday (1pm EST) in oberservence of the holiday. Advancers led decliners by over a 2-to-1 ratio on the NYSE but trailed by a narrow margin on the Nasdaq exchange. There were 22high-ranked companies from the CANSLIM.net Leaders List making a new 52-week high and appearing on the CANSLIM.net BreakOuts Page, higher from the 12 issues that appeared on the prior session. In terms of new leadership, it was encouraging to see new 52-week highs outnumber new 52-week lows on the NYSE and Nasdaq exchange.
Earlier today I received a great question from a FindLeadingStocks.com Member that inspired this article: Member: How can a stock rally 6% today on really low volume? Answer: What Is Volume? When you think about it – that really is a great question. First, lets begin by defining volume. Volume simply is the total number of shares traded…
‘EARNINGS SEASON’ DEFINED Publicly traded companies report their earnings four times a year. Typically, this is done at the beginning of each quarter and the company tells shareholders what happened over the past three months. This period is also known as earnings season. Put simply, it describes a period time when the majority of companies…
The following is an excerpt from Tuesday’s FindLeadingStock’s Intra-Week Update: 08/12/2014 Take a FREE 30-Day Trial Here Not Out Of The Woods….Yet Chop-City This update will focus on the very short-term action in the market (the intermediate and long term remain strong). Right now, most of the major averages (except for the Nasdaq which is holding up…