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Hess Corporation Message Board

littlestewie88 16 posts  |  Last Activity: Jun 24, 2014 8:17 PM Member since: Mar 3, 2013
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  • littlestewie88 by littlestewie88 Jun 24, 2014 8:17 PM Flag

    All I have heard is about the US $1.5Bln over statement which is being worked out by the accountants. Is this the reason for the dump or is there something else. Many thanks in advance.

  • littlestewie88 by littlestewie88 Jun 23, 2014 11:48 AM Flag

    Should have been going the other way and not down. Is it unwinding of the deratives on GE??? Anyone. Thnx in advance.

  • littlestewie88 by littlestewie88 May 16, 2014 8:13 AM Flag

    There was a change of sentiment in the market yesterday. All of a sudden, some investors became worried that the S&P 500 may follow the Russell 2000's path to a 10% correction. Although anything is possible, the technical picture of the major indexes doesn't suggest that. The uptrend for the S&P 500 and the DJIA remained intact. Both held their respective 50 day moving average at the close yesterday. In addition, the small caps, which led the slump in the early going today, ended up outperforming the other major indexes at the end of the day. The Russell 2000 index bounced right off its February low and finished near its high of the session. Don't get too bearish yet.

  • littlestewie88 by littlestewie88 May 14, 2014 12:59 AM Flag

    Retail Sales were the cause of todays dull market approach. Even though we had a rally in the small caps yesterday the divergence between the large caps and the small caps indicates something is gonna give here and the path of least resistance is downwards. The investors are in a wait mode to see the economic numbers coming out this week hence we could either just go sideways or the economic numbers will dictate the direction. Either ay we are due foe a 15-20 percent correction, when it will happen I don't know but the volume is growing thinner everyday. Not much juice left in the market. Besides the Chinese housing market is falling apart and one of these days its going to cave in and will most likely have a Lehman/Bear Stern effect sending the global markets spiraling downwards. Be cautious.

  • littlestewie88 by littlestewie88 May 12, 2014 5:51 AM Flag

    It was encouraging for bulls to see momentum and small cap stocks finish mostly near their intraday high friday. However, a one day move doesn't make a trend. Would like to see the Russell 2000 break above the 1125-1130 area to indicate a possible trend change. Earnings season is mostly behind us and the overall market has held up relatively well, mostly on the belief that economic growth has picked up steam since spring started. It is now up to the data to support that belief and the stock prices. There will be plenty of economic events on April and May data for an investor to digest next week. Expect more choppy trades until the small caps are able to break out.

  • littlestewie88 by littlestewie88 May 8, 2014 12:48 AM Flag

    The divergence between the larger cap indexes (the DJIA and the S&P 500) and the technology (NASDAQ) smaller cap (Russell 2000) indexes doesn't seem to have reached an end. Those overvalued internet or small cap stocks are likely to see their multiples getting compressed further. Be very cautious on those high multiple stocks. Some of them may have dropped 30%, 40% or even more, but that doesn't mean they won't go lower. Longer term downside potential far outweighs odds of a short term bounce on those stocks.

  • littlestewie88 by littlestewie88 May 7, 2014 10:40 AM Flag

    Recently, whenever there is a down day, internet and small caps have led the decline. The scene we have encountered many times in the past couple of months remains unchanged and it has kept the larger cap indexes, such as the DJIA and the S&P 500, from breaking out to new highs. The Fed Chairwoman is going to testify in front of the Congress today. Expect the market to swing to the tone of the Fed chief. In the meantime, for the S&P 500, watch for support near 1865, followed by 1840.

  • littlestewie88 by littlestewie88 May 4, 2014 6:55 AM Flag

    Although all three major indexes finished lower, the overall market was stronger than it looked. Small and mid-cap stocks remained strong throughout the day, friday. Smaller stocks tend to outperform when economic growth picks up steam. Technically, both the S&P 500 and the DJIA are in short term overbought territory after three consecutive days of gains earlier in the week. Expect the S&P 500 to go sideways between 1880 and 1891 in the near term before breaking out to a new high.

  • littlestewie88 by littlestewie88 May 2, 2014 10:18 AM Flag

    Momentum is bullish. Besides the DJIA, the NYSE composite index is also at a record high while the DJ Transportation index, which reached its new record last week, stays strong. However, there are confusing signals which have kept investors cautious. The small caps remained relatively weak. The Russell 2000 index hasn't broken above its down trendline started in March. Treasury yields have been falling. The 10 year treasury saw its yield briefly break below 2.60% today before settling at 2.61%. Underperformance of the small caps and falling treasuries are typical signs of weak economic growth. But payroll numbers were strong, but lets see the breakdown as to which areas of the economy hired as people are working 2 and 3 part time jobs which throws these payroll numbers off.
    Its a stock pickers market. goodluck.

  • littlestewie88 by littlestewie88 May 1, 2014 4:56 AM Flag

    It was nice to see small caps outperformed yesterday. The Fed's optimistic view on the economy is likely to take buyers off the sideline. And with earnings season mostly behind us and stocks holding up relatively well, stocks which have reacted well to earnings reports are likely to continue to rise. Technically, the longer term picture shows bulls are in control as both NASDAQ and the Russell 2000 index held their respective 200-day moving averages in the recent correction. Would like to see the small caps continue to outperform in the next several sessions in order to confirm the end of the correction.

  • littlestewie88 by littlestewie88 Apr 24, 2014 2:07 AM Flag

    Although all three major indexes finished lower, stocks held up relatively well after six sessions of gains. DJ Transportation index reached another fresh record while VIX (13.27) settled little changed. The path of least resistance looks to be pointing up as more earnings are due in the next couple of days.

    Notable earnings due out on Thursday include: CAT, MMM, MSFT, V, UPS, AAL, JBLU, LUV, UAL, AET, DHI, PHM, LVS, FCX, NEM, GSK, LLY, CELG, ALTR, KLAC, AMZN, BIDU and SBUX.

  • littlestewie88 by littlestewie88 Apr 18, 2014 6:43 PM Flag

    There was a little profit taking in the last hour thursday but it was encouraging to see most of the major indexes finishing in the green. There are some technical resistances ahead for the major indexes. But as long as earnings stay decent, more upside is likely. For the S&P 500, watch for resistance in the 1872-1883 area; for the NASDAQ, watch for resistance between 4150 and 4160.

    AAPL and FB are probably going to get lots of attention on their earnings reports next week. Both are scheduled on Wednesday. On Monday, we will hear from HAL, KMB, STI and NFLX on their performance during the latest quarter.

  • littlestewie88 by littlestewie88 Apr 17, 2014 11:09 AM Flag

    The technical condition of the major indexes improved after three consecutive sessions of gains. The S&P 500 recouped 1840, a support level from where the index broke down last week. The RSIs of both the NASDAQ and Russell 2000 show a positive divergence from price levels during the past two weeks, suggesting stocks may have reached an intermediate term low. With that said, both the NASDAQ and the Russell 2000 are still in their downtrend started in early March. Eearnings season is still young so look to earnings to set stocks' next move.

  • littlestewie88 by littlestewie88 Apr 15, 2014 10:03 PM Flag

    Both the NASDAQ and the Russell 2000 index held their 200 day moving average at the close today, keeping the longer term uptrend alive. Today's afternoon upside reversal is likely to lead to more short term gains. Although the earnings season is still very early at this stage, it doesn't look bad so far. High profile stocks, such as C, JNJ, KO, INTC and YHOO, all saw their stocks reacted positively to their reports. They will help keep the downside limited among the major indexes.

    Notable earnings due out on Wednesday include: AXP, IBM, BAC, COF, PNC, USB, KSU, NE, STLD, GOOG and SNDK.

  • littlestewie88 by littlestewie88 Apr 15, 2014 9:35 AM Flag

    It was nice to see that last week's selling took a pause. However, it was a weak bounce. Small caps lagged, and there was little leadership. Investors were just sitting and waiting to see how earnings turn out. If you have large positions in a stock which is due to report, you probably need to think about how you would handle it should there be a downside surprise. Should you lighten up before the report? Once you get your strategy planned out, you will be able to react accordingly and avoid mistakes caused by overreaction. I often hear people talk about "would have", "could have", "should have" and etc. Those are like hope which is not an investment strategy.

    Notable earnings due out on Today include: JNJ, KO, INTC, CSX, NTRS and YHOO.

  • littlestewie88 by littlestewie88 Apr 13, 2014 9:09 PM Flag

    The stock market is in a fragile technical condition as earnings season picks up steam this coming week. Although both the DJIA and the S&P 500 breached their respective 100 day moving averages Friday, the longer term up trend is still in place. The two major indexes also broke below their 100 day moving averages in early February but were able to bounce back in a couple of sessions. So the short term trend is down but the overall market is not broken. The RSI of the S&P 500 actually shows a positive divergence between this Monday's low and friday's low.

    As market reaction to earnings can be very different among stocks; stay with those with positive reactions. Notable earnings due out on Monday include: C, AAL and JBHT.

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