Intraday Market Update
03:29:44 AM EDT | 08/26/2009
Test Intraday Password Access
By Jim Brown | TEST TEST TEST
Intraday Market Update
11:56:27 PM EDT | 07/11/2009
This is another test with HTML adjusted for emailing
By Jurijs Girtakovskis | This is another test with HTML adjusted for emailing.This is another test with HTML adjusted for emailing.This is another test with HTML adjusted for emailing.This is another test with HTML adjusted for emailing.This is another test with HTML adjusted for emailing.This is another test with HTML adjusted for emailing.This is another test with HTML adjusted for emailing.This is another test with HTML adjusted for emailing.
Intraday Market Update
11:52:11 PM EDT | 07/11/2009
Test 2
By Jurijs Girtakovskis | Test 2
Intraday Market Update
07:17:27 PM EDT | 07/11/2009
Test
By Jurijs Girtakovskis | Test
Intraday Market Update
07:07:10 PM EDT | 07/11/2009
New HTML email format test
By Jurijs Girtakovskis | New HTML email format test
Intraday Market Update
02:49:53 PM EDT | 07/08/2009
(TEST)Breaking Support: Oil and Financials Lead Stocks Lower
By James Brown | (TEST)The market correction continues. Stocks are lower across the board and across the globe. Today's decline in the S&P 500 is a technical breakdown from its head-and-shoulders formation. Recent comments and forecasts for a slower economic recovery might be considered a reality check for the market.
Intraday Market Update
Sunday, June 14, 2009 9:11:46 PM
Test Intraday Ver 1
By Jim Brown | The Dow came to a dead stop at the 200-day resistance at 8751 but failed to give back any ground.
Intraday Market Update
Friday, June 12, 2009 2:27:00 AM
oin-commentary-intraday
By Jurijs Girtakovskis | oin-commentary-intraday
Intraday Market Update
01:37:23 PM EDT | 04/30/2009
Bulls Mark April Another Big Winner
By James Brown |
As we head into the afternoon stocks are fading from their intraday highs but a single down day won't erase the big gains seen in April.
Intraday Market Update
01:49:45 PM EDT | 04/29/2009
GDP Punges, Markets Rally
By James Brown |
The preliminary report on the U.S. first quarter GDP shows the economy plunging to a -6.1% growth rate. This news failed to stymie the rally and stocks shot higher on the session.
Intraday Market Update
03:25:59 PM EDT | 04/28/2009
Market Resilience
By James Brown |
U.S. markets continue to show resilience in the face of a weak bank sector and the continued spread of the swine flu outbreak. Overall stocks were mostly higher thanks in part to better than expected consumer confidence numbers.
Intraday Market Update
02:15:28 PM EDT | 04/27/2009
Swine Flu Outbreak Rattles the Market
By James Brown |
An outbreak of alarming headlines over the weekend concerning the spread of swine flu out of Mexico fueled a mild pull back in stocks on Monday. Thus
Intraday Market Update
01:47:33 PM EDT | 04/24/2009
Shooting For Seven
By James Brown |
The S&P 500 is up 1.9% and just two or three points away from marking the seventh weekly gain in a row for this rally. Investors were cheering positive earnings results from the likes of Amazon.com
Intraday Market Update
02:17:25 PM EDT | 04/23/2009
Markets Adrift
By James Brown |
Thursday's markets meandered sideways as investors were faced with conflicting earnings results and concerns over the banks stress tests results.
Intraday Market Update
02:01:46 PM EDT | 04/22/2009
The Burden of Earnings
By James Brown |
The U.S. markets were trying to extend Tuesday's bounce but the latest wave of earnings reports appears to be going sour. Wells Fargo was a standout to the upside...
Intraday Market Update
01:39:46 PM EDT | 04/21/2009
Buying the Dip
By James Brown |
The markets experienced a bit of a tug-of-war in the first hour of trading but eventually the bulls pulled ahead. Financials were once again leading the market higher
Intraday Market Update
03:37:37 PM EDT | 04/20/2009
BAC Beats, ORCL Snags JAVA
By James Brown |
Stocks were sharply lower on Monday in spite of positive earnings news from the likes of Bank of America (BAC) and M&A news in the tech sector
Intraday Market Update
02:37:08 PM EDT | 04/17/2009
Aiming For Six
By James Brown |
The stock market is poised to finish the week higher extending the March rally to six weeks in a row. Friday's session saw widespread strength led by banks, builders and small caps.
Intraday Market Update
03:35:26 PM EDT | 04/16/2009
Positive Earnings Push Stocks Higher
By James Brown |
First quarter earnings are off to a pretty good start. Investors have been responding positively to most of the earnings news. Financials have led the way with much better than expected results.
Intraday Market Update
02:41:41 PM EDT | 04/15/2009
Churning On Earnings and Data
By James Brown |
Stocks are trading flat to down on Wednesday as investors digest another round of earnings news and a parade of economic data. Tech stocks were stumbling as investors sold the Intel earnings news last night.
Intraday Market Update
01:59:04 PM EDT | 04/14/2009
Traders Selling Goldman and Retail Sales News
By James Brown |
After five up weeks in a row the rally was looking a little tired and investors have decided to cash in following Goldman Sachs' impressive earnings report last night.
Intraday Market Update
02:43:26 PM EDT | 04/13/2009
Investors Turn A Little Cautious
By James Brown |
Traders were turning a little cautious on stocks as we move into our first full week of first quarter earnings.
Intraday Market Update
02:57:35 PM EDT | 04/09/2009
Fifth Week of Gains
By James Brown |
An unexpected and surprisingly bullish earnings report from Wells Fargo (WFC) set stocks stampeding higher again. The better than expected news launched the financials...
Intraday Market Update
01:55:49 PM EDT | 04/08/2009
Stocks Shrug Off Alcoa News
By James Brown |
The stock market managed to shrug off the disappointing Alcoa earnings news last night. The major averages are in positive territory and aside from the financials...
Intraday Market Update
01:06:22 PM EDT | 04/07/2009
Angst Before Earnings Season
By James Brown |
Stocks turned lower ahead of 2009's first quarter earnings season, which kicks off tonight. Analysts are expecting this earnings season to be one of the worst on record...
Intraday Market Update
02:54:10 PM EDT | 04/06/2009
Bears Take a Swipe at Stocks
By James Brown |
After four weeks of gains and close to a 25% rally in the S&P 500 the bears have finally had enough. There was a swell of negativity on the Wall Street today
Intraday Market Update
03:05:48 PM EDT | 04/03/2009
Jobs Number Could Have Been Worse
By James Brown |
Bulls might be able to claim another victory before Friday closes the books on another up week in the markets.
Intraday Market Update
02:57:07 PM EDT | 04/02/2009
Big News Day Fuels Another Global Rally
By James Brown |
Investors knew that Thursday would be a big news day thanks to the Financial Accounting Standards Board (FASB) vote on changing mark-to-market rules.
Intraday Market Update
02:02:49 PM EDT | 04/01/2009
Markets Shrug Off Early Jobs Data
By James Brown |
The official jobs report doesn't come out until Friday but the private-sector ADP employment report was very ugly.
Intraday Market Update
11:20:37 AM EDT | 04/01/2009
Market Monitor Update
By Keene H. Little |
The Market Monitor updates can now be found in Live Updates under the Market Monitor section on OIN's home page.
Intraday Market Update
10:26:19 AM EDT | 04/01/2009
Market Monitor Update
By Jane Fox |
Intraday Market Update
09:22:40 AM EDT | 04/01/2009
Market Monitor Update
By Jane Fox |
Intraday Market Update
02:38:38 PM EDT | 03/31/2009
March Set to Close Higher
By James Brown |
March 2009 is set to close on a high note. Stocks are bouncing across the board and most of the major averages have recovered more than half of yesterday's punishing losses.
Intraday Market Update
12:22:15 PM EDT | 03/31/2009
Market Monitor Update
By Jane Fox |
Intraday Market Update
11:11:31 AM EDT | 03/31/2009
11:15 AM Market Monitor Update
By Keene H. Little |
The market is trying to hold its early gains.
Intraday Market Update
11:08:04 AM EDT | 03/31/2009
Market Monitor Update
By Jane Fox |
Intraday Market Update
09:15:46 AM EDT | 03/31/2009
Pre-Market Update for Market Monitor
By Keene H. Little |
Equity futures are up but they might not hold.
Intraday Market Update
09:13:41 AM EDT | 03/31/2009
Market Monitor Update
By Jane Fox |
Intraday Market Update
03:45:47 PM EDT | 03/30/2009
End-of-Day Market Monitor Update
By Keene H. Little |
Getting a small bounce into the close but follow the money.
Intraday Market Update
03:12:30 PM EDT | 03/30/2009
Global Market Sell-off
By James Brown |
Investors are seeing a worldwide sell-off in stocks on Monday following one of the best, three-week rallies in years.
Intraday Market Update
02:33:53 PM EDT | 03/30/2009
2:30 PM Market Monitor Update
By Keene H. Little |
The market is still nearing potential support but it looks like the decline should still continue a little further this afternoon.
Intraday Market Update
01:20:11 PM EDT | 03/30/2009
Market Monitor Update
By Jane Fox |
Intraday Market Update
12:29:50 PM EDT | 03/30/2009
12:30 PM Market Monitor Update
By Keene H. Little |
The market is nearing potential support but it looks like the decline should continue a little further this afternoon.
Intraday Market Update
10:46:27 AM EDT | 03/30/2009
Market Monitor Update
By Jane Fox |
Intraday Market Update
10:04:36 AM EDT | 03/30/2009
10:00 AM Market Monitor Update--SPX 50-dma getting tested
By Keene H. Little |
The big decline this morning has SPX testing its 50-dma and last Wednesday's low.
Intraday Market Update
09:20:46 AM EDT | 03/30/2009
Pre-Market Update for Market Monitor--The Sound of Retreat
By Keene H. Little |
Bonds are rallying and equity futures are down very hard as we head for the opening bell.
Intraday Market Update
03:56:02 PM EDT | 03/27/2009
End-of-Day Market Monitor Update
By Keene H. Little |
A day of consolidation before an anticipated rally on Monday.
Intraday Market Update
02:33:38 PM EDT | 03/27/2009
2:30 PM Market Monitor Update
By Keene H. Little |
Just another choppy day.
Intraday Market Update
01:28:39 PM EDT | 03/27/2009
Profit Taking Into the Weekend
By James Brown |
There is still three hours left in the trading day on Wall Street. At the moment investors are doing a little profit taking before the weekend arrives.
Intraday Market Update
01:09:23 PM EDT | 03/27/2009
1:00 PM Market Monitor Update
By Keene H. Little |
Today's pullback is constructive for a continuation higher on Monday.
Intraday Market Update
12:53:36 PM EDT | 03/27/2009
Market Monitor Update
By Jane Fox |
Intraday Market Update
11:14:20 AM EDT | 03/27/2009
11:15 AM Market Monitor Update
By Keene H. Little |
So far it's a consolidation kind of day.
Intraday Market Update
10:22:57 AM EDT | 03/27/2009
Market Monitor Update
By Jane Fox |
Intraday Market Update
09:45:46 AM EDT | 03/27/2009
Market Monitor Update
By Jane Fox |
Intraday Market Update
09:44:59 AM EDT | 03/27/2009
Morning Update for Market Monitor
By Keene H. Little |
All Sectors Red
Intraday Market Update
03:50:09 PM EDT | 03/26/2009
End of Day Market Monitor Update
By Keene H. Little |
The market is still being held up even if the rally's not pretty.
Intraday Market Update
03:06:10 PM EDT | 03/26/2009
Market Monitor Update
By Jane Fox |
Intraday Market Update
02:04:26 PM EDT | 03/26/2009
2:00 PM Market Monitor Update
By Keene H. Little |
The market is struggling but the bulls are holding things up.
Intraday Market Update
01:56:06 PM EDT | 03/26/2009
A Three-Week Run is a Rare Feat
By James Brown |
The U.S. market is poised to end the week with its third weekly gain in a row. This will be the third time since the bear-market began
Intraday Market Update
12:04:41 PM EDT | 03/26/2009
12:00PM Market Monitor Update
By Keene H. Little |
Day of consolidation so far.
Intraday Market Update
09:50:10 AM EDT | 03/26/2009
10:00 AM Market Monitor Update
By Keene H. Little |
SPX is still struggling with the 825 area.
Intraday Market Update
03:47:40 PM EDT | 03/25/2009
End-of-Day Market Monitor Update--Bulls Hold the Line
By Keene H. Little |
After a little throw-under below its uptrend line from March 6th it looks like SPX is going to hold, at least for now.
Intraday Market Update
02:36:30 PM EDT | 03/25/2009
Data Lifts the Markets but the Rally Fades
By James Brown |
The U.S. markets managed to cling to positive territory after the early morning gains faded away.
Intraday Market Update
02:35:46 PM EDT | 03/25/2009
2:30 Market Monitor Update--SPX at Support
By Keene H. Little |
SPX has dropped down to its uptrend line from March 9th so the bulls need to do some pushing back this afternoon.
Intraday Market Update
01:40:02 PM EDT | 03/25/2009
1:30 PM Market Monitor Update
By Keene H. Little |
NDX is the first to reach potential support at its uptrend line from March 9th, near 1226. Bulls want to see the techs hold on here.
Intraday Market Update
11:30:20 AM EDT | 03/25/2009
11:30 AM Market Monitor Update
By Keene H. Little |
The stock market is in a bullish up-channel and pullbacks remain corrective. Stick with the bulls for now.
Intraday Market Update
09:19:24 AM EDT | 03/25/2009
Market Monitor Down
By Keene H. Little |
The Market Monitor is down this morning so bear with us while it's fixed. Look for intraday blogs in it's place in the meantime.
Intraday Market Update
12:17:32 PM EDT | 03/24/2009
Stocks See a Mild Pullback
By James Brown |
The U.S. markets dipped a little on Tuesday morning after Monday's big rally. It's normal to see some profit taking after such a big one-day move like the 500-point rally we saw yesterday.
Intraday Market Update
02:47:26 PM EDT | 03/23/2009
Episode IV, A New Hope
By James Brown |
No, I'm not talking about the Star Wars film from 1977. I am referring to the U.S. Treasury's latest plan...
Intraday Market Update
02:16:18 PM EDT | 03/20/2009
Triple Witching Friday Sinks Into the Weekend
By James Brown |
Today marks an event that only happens four times a year. It's a triple-witching Friday where equity options, index options, and futures all expire on the same day.
Intraday Market Update
01:56:31 PM EDT | 03/19/2009
Stocks Stall After Eight-day Run
By James Brown |
The S&P 500 index is stalling after a very impressive eight-day rally that has lifted the index more than 18%.
Intraday Market Update
01:58:43 PM EDT | 03/18/2009
Stocks Pause Ahead of FOMC
By James Brown |
Wednesday marks the conclusion of another two-day FOMC meeting but expectations are for the Federal Reserve to leave interest rates alone.
Intraday Market Update
02:57:45 PM EDT | 03/17/2009
Bulls Make Another Push
By James Brown |
The U.S. markets showed surprising resilience on Tuesday with the major indices and most of the market in a widespread upswing. It looks like the only sector not in positive territory is...
Intraday Market Update
01:28:14 PM EDT | 03/16/2009
Bear-Market Bounce Continues!
By James Brown |
The week is off to a strong start with the U.S. markets stair-stepping higher. The appearance of U.S. Treasury Secretary Geitner and President Obama on T.V. to talk about...
Intraday Market Update
03:26:03 PM EDT | 03/13/2009
3:30 PM Update--Bulls May Not Be Doing Themselves a Favor Here
By Keene H. Little |
Bulls Need a Pullback to Stay Bullish
Intraday Market Update
03:05:46 PM EDT | 03/13/2009
Rally Stalls after a 10% bounce
By James Brown |
The rally in stocks appears to be running out of steam or is it just a pause to let the bulls catch their breath? The U.S. markets spent most of Friday churning sideways...
Intraday Market Update
01:06:11 PM EDT | 03/13/2009
1:30 PM Update (in place of the Market Monitor)
By Keene H. Little |
Bulls are still holding the uptrend line from last Friday and another push higher is possible. But at this point it's looking like this week's rally is about to be corrected.
Intraday Market Update
10:27:04 AM EDT | 03/13/2009
11:00 AM Update (in place of Market Monitor update)
By Keene H. Little |
The bulls are trying to hold onto their 3-day gains but cracks are starting to appear.
Intraday Market Update
09:31:43 AM EDT | 03/13/2009
Market Monitor Down
By Keene H. Little |
Market Monitor subscribers will be without the Market Monitor today as we wait for some technical difficulties to get resolved.
Intraday Market Update
12:43:49 PM EDT | 03/12/2009
Madoff Guilty Plea Sends Stocks Higher
By James Brown |
There were two big stories on Wall Street today. Investors seemed to react positively to both the ongoing saga with con-man Bernie Madoff and the discussion over mark-to-market accounting rules.
Intraday Market Update
02:29:31 PM EDT | 03/11/2009
Follow through on the rally is faltering
By James Brown |
Yesterday's market rally was impressive and the party continued this morning for about 30 minutes. Stocks shot higher at the open but quickly ran out of gas.
Intraday Market Update
01:37:59 PM EDT | 03/10/2009
NASDAQ up 6% and S&P surging 5.5%
By James Brown |
The U.S. markets are seeing a very widespread rally with several factors as potential catalysts. A lot of traders, while happy to see some market strength, don't expect this rally to last since the sudden spike this morning looks like another round of short covering.
Intraday Market Update
02:21:25 PM EDT | 03/09/2009
Morning Bounce Fades Into Losses
By James Brown |
Global markets were weak again as investors focused on a lack of solutions for the financial crisis and struggling banks.
Intraday Market Update
01:47:31 PM EST | 03/06/2009
Market Gains Evaporate After Jobs Report
By Jim Brown |
The markets have now given back the brief gains achieved after the Non-Farm Payrolls report came in better than expected. The Dow has declined to the low of the day with a loss of -78 points to 6512 and the Nasdaq has traded briefly below 1275.
Intraday Market Update
02:38:19 PM EST | 03/05/2009
Markets Sink to New Lows
By James Brown |
Wednesday's oversold bounce is gone. One again it is the financial sector that is leading the market lower. There was a lot of news out today with the monthly retail same-store numbers.
Intraday Market Update
01:46:16 PM EST | 03/04/2009
Global Oversold Bounce
By James Brown |
China sparked an oversold bounce that spread across the world on Wednesday. News that Wen Jiabao, the Chinese Premier, was considering new plans to expand...
Intraday Market Update
02:26:36 PM EST | 03/03/2009
Blame It On Bernanke
By James Brown |
The U.S. stock market was trying to bounce back from twelve-year lows this morning but negative comments from Fed Chairman Ben Bernanke sucked the wind out of the market's sails.
Intraday Market Update
02:39:51 PM EST | 03/02/2009
In like a Lion, March sends Dow under 6,900
By James Brown |
The month of March begins with a global market slide. New fears over the crumbling economic landscape and no solution for the financial quagmire pushed most of the world's major stock market indices to 3.5% losses.
Intraday Market Update
02:39:47 PM EST | 02/27/2009
Teetering on the edge
By James Brown |
The U.S. markets teeter on the edge of the cliff as investors react to a wave of bad news on Friday. The U.S. GDP numbers came in worse than expected and the S&P 500 sank to new multi-year lows before staggering back to almost breakeven on the day.
Intraday Market Update
01:00:59 PM EST | 02/26/2009
Another Big Bounce in the Banks
By James Brown |
The banking indices were market leaders this morning but the major averages were struggling to keep up with the rebound in financial stocks. Overseas markets were mixed.
Intraday Market Update
02:33:42 PM EST | 02/25/2009
Stocks Churning Lower
By James Brown |
The U.S. market opened lower this morning following what many investors felt was a disappointing speech by President Obama last night. The market has been craving details about the administration's plan to solve this financial crisis and last night did not deliver any.
Intraday Market Update
02:26:41 PM EST | 02/24/2009
Oversold Bounce Right On Schedule
By James Brown |
U.S. markets bounce in spite of a widely negative day for stocks across global markets. News out last night that insurance giant AIG is poised to report the largest quarterly loss in U.S. history of $60 billion next week failed to truly weigh on American markets. The rest of the world was not so resilient.
Intraday Market Update
02:06:52 PM EST | 02/23/2009
Friday Afternoon Bounce is Dead
By James Brown |
The U.S. market's Friday afternoon bounce is dead, long live the Friday afternoon bounce! Maybe the correct name should be Friday afternoon short covering. After a big down week last week successful shorts covered positions and took profits ahead of the weekend. Now that we're back to a new week the downtrend has resumed.
Intraday Market Update
02:47:11 PM EST | 02/20/2009
Banks Crumble Under Nationalization Fears
By James Brown |
The U.S. stock market continues to sink as financial stocks lead the way lower. Fears that major banks might need to be nationalized fueled the sell-off. Earlier this morning the Dow Jones Industrial Average (DJIA) was on pace for its lowest close since October 1997.
Intraday Market Update
01:32:12 PM EST | 02/19/2009
Indecision in the Market
By James Brown |
The U.S. stock market isn't sure what direction to go but the path of least resistance seems to be down. Currently the Dow Jones Industrial Average (DJIA) is flirting with a close under its November 2008 lows near 7,550.
Intraday Market Update
01:21:56 PM EST | 02/18/2009
Digesting the Housing Plan
By James Brown |
This morning the country waited for President Obama to unveil his new housing plan and the government's attempt to stem the rising foreclosure rates. Unfortunately, while investors waited they did not stop selling stocks.
Intraday Market Update
01:59:45 PM EST | 02/17/2009
Global Markets Slide
By James Brown |
U.S. markets re-open to big declines as global markets sink against a wide range of concerns. The major European markets were plunging on fears that Western European banks may have too much exposure to struggling Eastern European debt and credit.
Intraday Market Update
02:23:33 PM EST | 02/13/2009
No Follow Through On The Bounce
By James Brown |
Last night the bulls were declaring victory after a very impressive and very sharp last hour rally in the U.S. market. Sadly there has been no follow through higher on the bounce today,
Intraday Market Update
02:19:11 PM EST | 02/12/2009
Wall Street Still Unhappy with Washington
By James Brown |
The talk on Wall Street is still about Treasury Secretary Tim Geitner's lack of details in his speech on Tuesday. The market is worried about how the government is going to approach the pricing of toxic mortgage-related assets.
Intraday Market Update
02:14:26 PM EST | 02/11/2009
Oversold Bounce is Fading
By James Brown |
Wednesday's session started out with some hope that Tuesday's drop was overdone and that stocks were short-term oversold. Investors were buying the dip this morning but it looks like enthusiasm for stocks is quickly fading.
Intraday Market Update
02:19:32 PM EST | 02/10/2009
Investors Respond with a Sell the News Reaction.
By James Brown |
The U.S. markets are down sharply today as investors react to the government's latest plans on reversing this economic crisis and stimulating the economy. This seems like a classic "sell the news" type of move
Intraday Market Update
02:09:47 PM EST | 02/09/2009
World Waits For Stimulus
By James Brown |
The U.S. markets churned sideways on both sides of zero as the world waits for news on the U.S. stimulus package. This past weekend brought news that a compromise had been reached on Friday night but by Sunday the Obama administration doubted it would have enough votes to pass the stimulus package.
Intraday Market Update
02:16:32 PM EST | 02/06/2009
Bulls Buy the Bad News
By James Brown |
Stocks are sharply higher on Friday in spite of grisly numbers from the Labor Department's non-farm payroll (jobs) report. The Dow Jones Industrial Average and the S&P 500 are both on track to end a four-week losing streak.
Intraday Market Update
01:03:35 PM EST | 02/05/2009
Bouncing Back from the Lows
By James Brown |
Wednesday's afternoon decline continued into Thursday morning and the Dow Jones Industrial Average lost 111 points to hit 7,845. This was a new ten-week low for the DJIA but the bears had little time to rejoice...
Intraday Market Update
01:51:02 PM EST | 02/04/2009
Stocks Sideways but for How Long?
By James Brown |
The U.S. markets got a boost this morning after European markets surged higher late in the day. Unfortunately for American investors the rally seems to be losing steam.
Intraday Market Update
03:03:34 PM EST | 02/03/2009
Drug Stocks Lead a Rebound
By James Brown |
The major stock market indices were positive on Tuesday with the Dow Jones Industrials and the S&P 500 index both ending a three-day losing streak.
Intraday Market Update
02:30:59 PM EST | 02/02/2009
February Opens With A Down Day
By James Brown |
Widespread losses across European markets on Monday led the U.S. indices to spike lower at the open. The Dow Jones Industrial Average produced another triple-digit decline...
Intraday Market Update
03:09:59 PM EST | 01/30/2009
GDP Not So Bad, Stocks Sink Anyway
By James Brown |
I think investors have reason to worry. It was widely expected that the GDP for the fourth quarter of 2008 would come in around minus 5%. As of yesterday this number was pretty much "baked in" to the market.
Intraday Market Update
02:32:33 PM EST | 01/29/2009
Economic Data Depresses
By James Brown |
Stocks snap a four-day winning streak as investors react to some depressing economic data. The Dow Jones Industrial Average (DJIA) is off about 220 points and back under the 8,200 level. Tech stocks are taking in on the chin...
Intraday Market Update
01:33:48 PM EST | 01/28/2009
Worldwide Bounce
By James Brown |
Stocks are higher on Wednesday as a confluence of sentiment, news, and analyst opinion all flowed together to lift global markets. A big bounce in banking stocks is powering most of the move...
Intraday Market Update
03:06:11 PM EST | 01/27/2009
Upside Bias in the Churn
By James Brown |
Stocks are still churning sideways but there appears to be an upside bias of higher lows. It is encouraging to see buyers coming out to play in spite of negative earnings news and a new record low in consumer confidence.
Intraday Market Update
02:42:46 PM EST | 01/26/2009
Morning Bounce is Dead
By James Brown |
The market's morning bounce has died. The Dow Industrials managed to breakout above its short-term trend of lower highs and it looked like we were set up for a bullish day. Sadly the rally failed at the DJIA's simple 10-dma. The NASDAQ and S&P 500 produced similar moves.
Intraday Market Update
02:52:54 PM EST | 01/23/2009
Another Bounce from the Lows
By James Brown |
Another day, another triple-digit move in the Dow Industrials. The market continues to see big intraday swings. The bulls are trying to defend stocks in the 7900-8000 zone.
Intraday Market Update
02:43:45 PM EST | 01/22/2009
A Seasick Microsoft Stinks Up the Market
By James Brown |
It was all about tech stocks on Thursday. A surprise earnings report from Microsoft and a bad one at that left investors feeling sick. Once again the market reversed course and stocks where down sharply midday.
Intraday Market Update
02:10:06 PM EST | 01/21/2009
Trying To Bounce
By James Brown |
Wednesday feels like a quiet day for the stock market. Stocks are trying to bounce after yesterday's painful sell-off. The media is focused on the congressional hearings for Treasury Secretary nominee Tim Geithner.
Intraday Market Update
02:47:53 PM EST | 01/20/2009
No Obama Bounce, Bank Stocks Sink
By James Brown |
Tuesday marked Obama's inauguration as the nation's 44th President. His speech and the media's suggestion that America is feeling a new wave of optimism did little to lift shares on Wall Street.
Intraday Market Update
02:24:47 PM EST | 01/16/2009
No Follow-through
By James Brown |
The market was up briefly this morning. The DJIA managed to gain more than a hundred points before plunging to minus 70. The NASDAQ and S&P 500 delivered similar performances.
Intraday Market Update
09:38:52 PM EST | 01/15/2009
Adding some added perspective
By Robert Ogilvie |
There are many ways to look at the market. This is an addition to Keene Little's Market Wrap commentary.
Intraday Market Update
02:06:13 PM EST | 01/15/2009
Stocks Down 10% in Seven Days
By James Brown |
The market continues to plunge lower. Thursday's decline marks the longest drop in the market since Lehman Brothers disintegrated back in October 2008.
Intraday Market Update
01:29:29 PM EST | 01/14/2009
Markets Break Support
By James Brown |
Wednesday's session was a tough one for investors. Stocks jolted lower on another round of negative earnings results and a dismal December retail sales report.
Intraday Market Update
03:35:03 PM EST | 01/13/2009
Earnings News Push Stocks Lower
By James Brown |
The first fruits for the Q4 earnings season are rotten. Negative earnings news from multiple sectors have pushed the major indices toward support. This is an important test for the DJIA and S&P 500. A breakdown from here could spell a retest of the 2008 lows.
Intraday Market Update
03:10:14 PM EST | 01/12/2009
Sinking Into Earnings
By James Brown |
Stocks were struggling as we step into the second full week of January. The Dow Jones Industrial Average is marking its fourth decline in a row.
Intraday Market Update
03:57:05 PM EST | 01/08/2009
Nymex Feb'09 settles back below $42.36
By Jeff Bailey |
Into the U.S. Oil Fund's (NYSE:USO) $33.02 -0.75% close, I wanted to quickly alert any oil traders ...
Intraday Market Update
03:26:56 PM EST | 01/08/2009
Afternoon Bounce
By James Brown |
The DJIA and the S&P 500 may be down but they are off their worst levels of the day. Meanwhile the NASDAQ is leading the way higher with a 0.5% gain.
Intraday Market Update
11:36:38 PM EST | 01/07/2009
Crude Prices Drop $8 in One Day
By Jim Brown |
It was a perfect storm for crude prices with a monster jump in inventory levels and news that even more tankers were being hunted to store crude until fall.
Intraday Market Update
02:16:48 PM EST | 01/07/2009
Stocks are trading at their lows
By James Brown |
Stocks are trading at their lows for the day as investors react to dire employment news and souring earnings expectations...
Intraday Market Update
01:49:40 PM EST | 01/06/2009
Markets Trying to Advance
By James Brown |
Stocks were sharply higher this morning. The Dow Jones Industrial Average managed to tag a new high but quickly reversed and actually fell into the red.
Intraday Market Update
03:12:33 PM EST | 01/05/2009
Stocks Down But Holding Last Week's Gains.
By James Brown |
Monday proved to be a mixed bag for stocks. The major indices are all lower at the moment but they're off their lows of the session and appear to be churning sideways. You might consider this a show of relative strength...
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