stock analysis - fundamental stock analysis
"stock analysis - fundamental stock analysis"
in the news 200 years of US interest rates in one chart? What this all about..... See below.
------------------------------
Sentiment Trader have been watching the market, and noted something interesting.
U.S. equities closed well off session lows on Friday investors shook off a sharp pullback from Amazon.com.
The Nasdaq composite ended 0.1 percent lower at 6,374.68 after falling as much as 0.7 percent. The tech heavy-index climbed its lows as Facebook, Netflix and Google-parent Alphabet erased earlier losses.
The Dow Jones industrial average closed 33.76 points higher at 21,830.31, notching intraday and closing highs.
The S&P 500 declined 0.13 percent to close at 2,472.10 after falling as much as 0.43 percent. Consumer staples led seven sectors lower.
Amazon Shares fell as much as 4.3 percent on the back of much weaker-than-expected quarterly results. Amazon posted second-quarter earnings per share of 40 cents. Analysts polled by Reuters expected earnings of $1.42 a share. Sales, however, came in above expectations.
What you're seeing here is a market that's being driven largely by earnings,It's not surprising to see investors take profits on some bad news. buy it could be short live.
The initial pullback in tech came a day after the sector dragged the broader market lower as investors took profits off the table. The major indexes notched a record high Thursday before tech rolled over midway through the session.
"The SPX and NDX saw 'outside-down' days yesterday, increasing the likelihood of downside follow through, but the market did hold quite well on FRIDAY.
It appears that typical August volatility may already be upon us. Initial support for the SPX is defined by the 50-day moving average, and secondary support is approximately 2400, about 3% below current levels," she said.
Tech has been the best-performing sector of the year, advancing approximately 22 percent. The McClennan timer has the nasdaq clearly defined in a nice channel, and we are still in a bull market! Shorter term there has been some problems, but we will see what happens next week.
. This is quite interesting.
The market has been looking for growth everywhere and it's been tech that's provided it, We've been at this slow-and-steady growth rate and tech has been outperforming everything else.
The major indexes posted a mixed weekly performance, with the S&P and Nasdaq ending slightly lower while Dow rose 1 percent in the time period. Investors also digested a slew of earnings reports this week. Earnings season continues next week as Apple is set to report Tuesday after the close.
No comments:
Post a Comment