What Indrustries are on the move

Posted on January 26, 2012 by Asay

The Market has had another great week!

On January 20, 2012 the Dow opened up at 12623.93 and today the Dow is trading at 12798.13 which is an increase of 174.20 point gain for the week.

We are in the middle of earnings and Apple and Netflex reported great earning which helped the market. The fed came out and said that they are going to keep the rates low until 2014.

Now lets look at what sectors are moving. Lets take a look at finviz and once you are at this website you will click on Groups and then select from the drop down Industry and what I am seeing is that Music & Video stores, Cooper, Toy and hobby stores Auto parts stores, Farm and Construction are at the top over the last 6 months. Now you can go and do your research to see what companies you want to take advantage of.

Remember to read your charts and they will be telling you when to get in and out of your trades.

Happy Trading!

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Stock Market News for the month of November 2011

Posted on November 30, 2011 by Asay

Today is the last day in November 2011, the Dow Jones was up almost 500 points. What caused this Hugh rally in the market today? The Federal Reserve and five other central banks moved to ease the flow of funds to banks hit by Europe’s debt crisis.

The important news is that the central banks are sending a message that they’ve identified the problem and that they are working together, said David Hefty, chief executive officer at Hefty Wealth Partners in Auburn, Ind.

“Up until this point that hasn’t happened,” he said. “The big deal is just saying they are going to be involved. It’s not like they brought out the tank, they brought out the six shooter,” he said.

The Federal Reserve and the centeral banks of the Euro area, Canada, the Uk, Japan and Switzerland agreed to reduce the cost of offering dollar financeng throuh swap arrangements.

What they have agreed to is to lower the cost of temporary dollar loans to banks by 1/2 percentage point.

This move helped to ease investor worries about another financial mess or recession, the the Euro zone debt problems remain unresloved and may continue to plague markets, but for now this has helped.

Further encouraging investors, the latest U.S. data suggested the U.S. economy was moving more solidly toward recovery. The U.S. private sector added the most jobs in nearly a year in November, while business activity in the U.S. Midwest grew faster than expected in Novembe

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Is Housing stock in your Portfolio | Stock Market News

Posted on November 4, 2011 by Asay

Think about adding me to your portfolio!

Why is now a good time to buy a house? First interest rates are really low. The housing market has adjusted itself from the high prices to prices that you can now afford.

A recent report from J.P. Morgan Asset Management, titled “Housing: A time to buy,” written by David Kelly and David Lebovitz, made the case for why a home may be a wise purchase.

“Although the U.S. housing market remains extremely depressed, we believe that given current valuations and demographic dynamics, now may be the time to consider an investment in housing,” the report said.

Lets see what the charts are telling us to do.

Here are 4 stocks that you will want to take a look at the charts,

PHM Pulte Group PHM is down substantially in 2011, while the S&P 500 Index is up slightly. The under-performance is worse than most in its sector, probably due to the company’s approach to the worst housing market in our country’s history.

Len Lennar LEN is down in 2011 and trailing the overall stock market, but holding up relatively well compared to most of the home building stocks. LEN is one of the best run public companies, but has not been immune to the perfect storm in the housing market.

KBH K.B. Homes KBH is down substantially in 2011, and considerably more than the overall stock market. While it is currently weathering the perfect storm for its industry, KBH has also been affected by how they have managed through it.

RYL Ryland Homes RYL is down for 2011, off about 20% and lagging both the overall stock market and the homebuilder index for the period. This well run homebuilder has done a good job of managing through this tough market.

DHI D.R.Horton DHI is down slightly for the year, compared to the S&P 500 index that is up slightly for the year. However, DHI is leading the homebuilding sector, which it has done for most of the year.

All of these housing stocks have been hit hard by the market, but they all needed to pull back and re-adjust its prices.

If you are buying stock and holding for a long period of time now be the right time for you to buy these housing stocks.

Take a closer look at the housing and if they look good then you might think about adding them into your portfolio.

Happy Trading!

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Stock market news for the month of July 2011

Posted on August 1, 2011 by Asay

On July 1, 2011 the Dow Jones opened at 12,483.28 and hit a resistance at 12,700 on July 7, 2011 then went down and tested the 50 day moving average held that and start to move up again. On July 21, 2011 ht that resistance of 12,700, then the Dow just keep going down and down. On July 29, 2011 the Dow Jones Closed at 12,143.24 which is a loss of 340.04 points.

Over the past month or so the government is running out of money. Over the weekend congress was in session trying to come up with a plan to reduce the debt. Since 1962 they have raised the debt ceiling 74 times.

Once the Government has reached the debt ceiling they have two choices.

1. Raise the Debt Ceiling

2. Balance the budget

Over the next two day will be interesting to see what happen with the US debt and how we are going to balance the budget.

This is why the market went down so much the last 6 days of July.

Happy Trading and always look at your charts before getting into a trade.

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Stock Market news for the week ending 07/08/2011

Posted on July 9, 2011 by Asay

Over the last 9 trading days the Dow Jones was up. On June 27, 2011 the Dow Jones opened at 11934.66 and closed at 12657.20 on Friday July 08/2011, which is a gain of 722.54 point and we are testing resistance.

Is this a summer rally or is the market really going to start to move up to make higher highs?

Earnings are among us again. Alcoa reports on July 11/2011

Yum reports July 13, 2011

JP Morgan and Google report on July 14, 2011

To see more of Companies that will report earnings next week go to www.earnings.com.

Happy Trading!

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Stock Market News for the Week ending 06/24/2011

Posted on June 25, 2011 by Asay

On Monday June 20, 2011 the Dow Jones open at 12,004.28, closed on Friday June 24, 2011 at 11,943.58 which is a loss of 60.70 points for the week and we are really close to the 200 Day moving average. The first of the week started off good then the bears came in and showed the market who was in charge.

There has also been alot of worries about the Greece debt, but we also should start to worry about our own debt.

If the USA can not get their own debt under control we are going to be in the same situation as Greece.

At Market watch this is what they are saying about the Greece situation. “Worries are building again in whether the European Union can contain the debt crisis around Greece, Ireland and Portugal,” said Peter Boockvar, equity strategist at Miller Tabak, who noted a rise in Spanish and Italian bond yields. Spain’s two-year note yield climbed to its highest since late May, while Italy’s two-year note hit its highest level since late in 2008, noted Boockvar.

Make sure that you are trading in the direction of the trend. If you are trading puts then you are making money in the market.

Happy Trading!

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Stock Market news for the week ending 06/10/2011

Posted on June 13, 2011 by Asay

The Dow opened at 12151.19 on June 6, 2011 and closed at 11951.91 on June 10, 2011. The loss on the Dow was 199.28 points.

For the last 6 weeks we have been down, which is the longest loosing streak since 2002.

let’s take a look at the Economic data.

As we are hearing more and more people are asking for unemployment again. In any case, continuing claims fell slightly a couple of weeks ago, from 3.74 million to 3.67 million. New claims rolled in at 427K last week, a hair higher than the prior week’s 426K.

Here is the news that you will want to pay attention to this week:

* Tuesday: The ball gets rolling with retail sales figures. Cars seem to be the stumbling block. Not counting auto sales, retail spending should be up a tad. With care, it should be lower. Producer inflation is also out on Tuesday; look for a more modest increase this time.

* Wednesday: May’s consumer inflation index data – the one everyone just refers t as “the inflation rate” – will be unveiled on Wednesday. Again, look for a more modest increase this time around (+0.1% on a core and non-core basis). We’ll also get the two best economic-to-market ‘tells’ on Wednesday…industrial productivity and capacity utilization. Again, both should be up a little, which for now is at least enough to keep socks pointed tepidly upward in the bigger picture, even if not in the short run.

* Thursday: New and ingoing unemployment claims, as usual. Look for little change. We’ll also hear about May’s housing starts and building permits. Again though, the pros aren’t looking for a significant change from the prior month’s figures.

* Friday: The first estimate of the Michigan Sentiment Index for June will be posted on Friday. This preliminary figure tends to change significantly between now and the end-of-the-month figure, so don’t take it to heart. The Fed’s leading indicators coming on Friday don’t mean a whole lot either.

Here is a question that you might want to ask yourself this week. Will the Dow trade down to the 200 day moving average? The 200 day moving average is at 11697.16.

As you are trading this week make sure that if you are buying puts that you are getting in at the resistance and not the support.

Happy Trading!

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Stock Market News for the week of 06/03/2011

Posted on June 5, 2011 by Asay

The market had a short trading week. On Tuesday May 31, 2011 the Dow Jones opened at 12443.40 and Closed on Friday June 3rd, 2011 closed at 12151.26. So we fell 292.14 points for the week.

There was so much bad news that helped the market fall.

Here is a chart on the data from Bloomberg. The key point is the huge miss in highering. The numbers came in dismal vs. an already low expectation and the ugliness is compounded by the revision lower for last month.


	Prior	Prior Revised	Consensus	Consensus Range
Nonfarm Payrolls – M/M change	244,00	232,000	170,000	90,000 to 200,000	54,000
Unemployment Rate – Level	9.0 %		8.9 %	8.7 % to 9.0 %	9.1 %
Average Hourly Earnings – M/M change	0.1 %		0.2 %	0.1 % to 0.2 %	0.3 %
Av Workweek – All Employees	34.3 hrs	34.4 hrs	34.3 hrs	34.2 hrs to 34.3 hrs	34.4 hrs
Private Payrolls – M/M change	268,000	251,000	180,000	115,000 to 225,000	83,000

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Stock Market News for the week ending 05/27/2011

Posted on May 29, 2011 by Asay

Oil is back over $100.00 a barrel! The Dow Jones is struggling to close above the 50 day moving average. On Friday 05/27/2011 the Dow Jones closed at 12441.58. There is a Hugh support line at 12400 that I have talked about over the last few weeks.

If you want to see the chart then you can go to stockcharts.com and put in indu as the symbol and you will see what I am talking about.

If you are looking for good news then click on this link

This next week is a short week only 4 days of trading.

Happy Trading and always read your charts!

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Stock Market news for the week ending 05/21/2011

Posted on May 21, 2011 by Asay

In looking at the charts on the Dow, last week I was correct when I said that the Dow would trade down to the 50 day moving average. The Dow did touch the 50 day moving average and then bounced off of that. Now the resistance is at 12600. Next week will be very interesting week. It is almost like the down wants to go lower, so we will see if it falls below the 50 Day moving average.

Short and sweet!

Happy trading this week!

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Tag Archives: DOW Jones

What Indrustries are on the move

Stock Market News for the month of November 2011

Is Housing stock in your Portfolio | Stock Market News

Stock market news for the month of July 2011

Stock Market news for the week ending 07/08/2011

Stock Market News for the Week ending 06/24/2011

Stock Market news for the week ending 06/10/2011

Stock Market News for the week of 06/03/2011

Stock Market News for the week ending 05/27/2011

Stock Market news for the week ending 05/21/2011