No Follow-Through Rally From Jobs Report: Small Caps Still Weak
NASDAQ Slides After Good Opening -Down 0.47% The enthusiasm generated by Friday’s jobs report waned after the opening. The shocking 92% decline in shares of GT Advanced Technologies , Inc.(GTAT) due to a bankruptcy filing rattled traders and drove small cap stocks down again near 2014...
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...
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...