TraderPlanet.com :: Commentaries tagged (nasdaq)

Waiting for a Resolution

ETFProphet, TraderPlanet.com — Fri, 03 Feb 2012 01:54:36 +0000

While the indices had a mixed day, stubborn support prevailed again and prevented any real drop. The Russell 2000 continued to probe new high while the S&P500 looked a little tired. We have the monthly jobs news in the morning, and that will be a major market catalyst. On a good number, 1350 on the S&P will be the next target. On a bad number we are so overdue for a bigger down day in the NASDAQ, we could trigger some profit taking as the new month seasonality comes to a close.

“Late to the party Charlies”… beware of yourselves!- February 2, 2012

DeronWagner, TraderPlanet.com — Thu, 02 Feb 2012 14:40:23 +0000

After consolidating in a sideways range for five days, the Nasdaq Composite broke out to a fresh six-month high yesterday. Leading stocks outperformed the broad market as well, enabling the swing trading stock and ETF picks of our premium newsletters to surge higher. But now, recent price action in the broad market has been perfect for attracting what we refer to as the "late to the party Charlies" .

The LTPC are retail investors and traders who don't believe the power of a rally while it's h...

Stock Market Trends: Is Wall Street Ready to Hit the Panic or Buy Button?

topequitynews, TraderPlanet.com — Mon, 30 Jan 2012 13:00:42 +0000

Are stocks Weebles or a LifeCall grandma? Because they ended last week wobbling. Based on the index charts, they better not fall down, or they might not get up for a while.

Last week, the S&P 500 and Dow went sideways while the NASDAQ added 1%. Two weeks ago, Top Equity News cautioned that stocks could churn for a while. Last week, TEN saw signs that some profit-taking is overdue.

Top Equity still feels the odds favor a correction - sooner or later - based on our analysis of charts, news and ec...