The $SOX Breaks Out Of A 10yr Base & Hits a 12yr High!
This is bullish for the broader market and the Nasdaq Composite/Nasdaq 100.
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Forbes: Why Apple's New iOS 10 Operating System Is Good For Its Stock $AAPL
http://www.forbes.com/sites/adamsarhan/2016/10/03/why-apples-new-ios-10-operating-system-is-good-for-its-stock/#278409663972
Bulls Gobble Up Stocks As Volume Recedes
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.
Forbes: 5 Things Wall Street Is Focusing On This Week
Read Here: https://www.forbes.com/sites/adamsarhan/2017/03/06/5-things-wall-street-is-focusing-on-this-week/#6e7757c265e6
Earnings Fireworks? These Stocks Are Expected To Move The Most This Season
Bank Stocks: Read More Here: http://www.bloomberg.com/news/articles/2015-07-13/here-s-where-to-watch-for-the-fireworks-during-earnings-season
The Good, The Bad, & The Lovely For The Week Ending 09.06.13
The Lovely: Another shallow pullback for the major averages (so far) Good: Stocks refuse to fall- Another shallow pullback (so far) for the major averages while leaders act strong and break out Merger & Acquisition news picked up. Several multi-billion deals announced: Microsoft (MSFT) & Nokia (NOK), Verizon (VZ) & Vodafone (VOD) &…
Yellen's 6-Month Comment Mostly in-line with Prior Guidance: Why That Doesn't Matter
Want More? JOIN OUR FREE NEWSLETTER Here are my thoughts from yesterday’s Fed meeting: Overall- I’m still bullish and think the reaction was a little exaggerated. The big takeaway is that “good” economic data might not be “good” for the Wall Street because that would imply a rate hike might occur sooner than initially expected. Of…