Recent

% | $
Quotes you view appear here for quick access.

Apple Inc. Message Board

  • madmoneycramer madmoneycramer May 17, 2013 6:16 AM Flag

    Data showing jobless claims at a six-week high and a sharp fall in housing starts also weighed on investor sentiment.

     

    Data showing jobless claims at a six-week high and a sharp fall in housing starts also weighed on investor sentiment.

    Chris Weston, chief market strategist at IG, said a pullback in the S&P 500 would be positive, especially as the market has run up 23% since the November low. “Nearly 90% of companies are over their 50-day moving average, while the index itself is 12% away from its 200-day moving average,” he said in a note to investors.

    “Whether this pullback eventuates, it’s worth highlighting that the index has printed its first intraday lower low after 11 days of consecutive lower highs,” said Weston. “The bears will certainly have taken note of this. Perhaps weak numbers in the upcoming University of Michigan report and leading indicators could help their cause.”

    This topic is deleted.
 
AAPL
106.00-0.82(-0.77%)Aug 30 4:00 PMEDT