BABA Hangover: Stock Sell-Off Continues… Update-1… 10/3 Robust Job Growth
10/3 Jobs Report Clears Path for Q4 Rally 3:30P EDT A more optimistic view of the economy was triggered by a steady gain in jobs with 248k added in August and unemployment dropping below 6% to 5.9%. But average hourly wages fell in September keeping wage growth rate around inflation at 2%....
Rayno Life Science Stocks: Be An Investor Not A Trader…Update-1
Update-1 ...After 1.94% NASDAQ Sell-Off All three market indices got crushed today with a downdraft attributed to ending of QE, rising i rates in 2015, a rising dollar and just plain profit taking. A 3.8% hit on Apple (AAPL) did not help support the QQQ which also holds many large cap biotech...
BABA Open Indication at $92-93: NASDAQ In RED… Update-1
Alibaba Should Open by 12 N EDT at $92.70, well above $68 IPO Price Price Discovery Underway with Trades moving toward $100 but now selling off to $93 up 36%. Alibaba (BABA) group may be sucking up a lot of cash from NASDAQ trades even with a option expiration. Money keeps flowing in as NYSE...
FED Day No Change-Business As Usual… Update-2…9/30 Deflation?
Deflationary Signals or Just A Strong Dollar? Commodity stocks are getting crushed due to the strong dollar. Look at the XLE energy ETF down 10% from June highs when Middle East concerns were rising. Crude prices of course have also been crushed by the US shale play reducing the need for US...
Rayno Life Science Stocks: Stealth Rally Ignited By Apple..Update 1
Update -1 Choppy Market Continues..Faux Rally on Wednesday? NASDAQ at 4561 Down 0.66% 1-Reiterate profit taking in Achillion (ACHN), Exact Sciences (EXAS) and Illumina (ILMN). 2-XBI treading water at 160 since August 26. Bull market intact. 3-Recent early August new buys ran up then fell back:...