|Day's Range||13,015.91 - 13,061.25|
|52 Week Range||10,724.19 - 13,261.77|
Doug Ramsey, Leuthold Group chief investment officer, and Barry James, James Investment Research president and portfolio manager, discuss some of the factors impacting the market right now including the Federal Reserve and the rotation from growth to v...
The two major stock market exchanges are exhibiting very differing types of trading activity as the major indexes tumble, as the Arms Index of the NYSE suggests near panic-like selling but a little more dip-buying behavior on the Nasdaq. The Arms is a volume-weighted breadth measure that tends to rise above 1.000 as the stock market falls, with the ratio of advancing/declining volume tends to fall more than the ratio of advancing/declining stocks as sellers tend to become more aggressive than buyers. A rise to 2.000 and above suggests panic-like selling. The Dow Jones Industrial Average shed 576 points, or 2.2%, the NYSE Composite lost 2.0% and the Nasdaq Composite shed 3.0% In morning trade Monday, the NYSE Arms rose to 1.871, with the number of declining stocks outnumbered advancers 6.7 to 1 while volume in declining stocks outpaced advancing volume 12.6 to 1. Meanwhile, the Nasdaq Arms slipped to 0.837, with declining leading advancers 7.7 to 1 but declining volume topping advancing volume by just 6.4 to 1, suggesting there are pockets of aggressive buying.
In the stock market, distribution days are like wine. A glass or two is fine. It's social, it's probably good for your digestive system. But one too many will send you reeling.
Jeffrey Gundlach of DoubleLine says stocks continue to behave like they’re in a bear market and that there’s a more-than-50% probability the U.S. raises tariffs on Chinese goods, escalating the trade conflict.
The Nasdaq Composite's chart flashed a "golden cross" pattern on Wednesday, to join the other major market indexes in producing the bullish trend pattern. A golden cross appears when the 50-day moving average crosses above the 200-day moving average, a technical event that many chart watchers believe marks the spot at shorter-term rally transitions to a longer-term uptrend. The Nasdaq's 50-DMA rose to 7,496.004 from 7,478.580 on Wednesday, while the 200-DMA edged up to 7,491.966 from 7,491.240. The last golden cross appeared on May 19, 2016, and the Nasdaq rose 50% until the opposite bearish "death cross" appeared on Nov. 27, 2018. The Nasdaq's cross comes two-days after the S&P 500 produced its golden cross and two weeks after the Dow Jones Industrial Average produced its bullish cross. The NYSE Composite and Dow Jones U.S. Total Stock Market Index have produced golden crosses this week, while the Russell 2000 and the Dow Jones Transportation Average are still weeks away.
Warning! GuruFocus has detected 2 Warning Sign with ATVI. M: Market direction (how you can learn to determine it). Getting back to market direction, you need a proven and reliable method that will help you determine market direction (bull market or bear market) with confidence.
MKM Partners' JC O'Hara argues the "Hindenburg Omen," an indicator that sparks fears of an impending market crash, could be wrong this time. Many of the New York Stock Exchange issues making new 52-week lows are assets that track international stocks, which have been taking a beating lately because of the trade war. "We do note that the Hindenburg Omens have appeared near many market tops, but not every Omen turns into a market top," O'Hara says.
The Zacks Analyst Blog Highlights: Korn/Ferry International, Cypress Semiconductor, SkyWest, eXp World Holdings and Advance Auto Parts