Mellanox Technologies, Ltd (MLNX) has been a fast moving stock with impressive moves. The stock jumped 40% from $66 to $92 on July 19 on the heels of its Q2 earnings report which was far above analyst expectations. Since then it...
Read MoreThe S&P extended its winning streak to six days, showing more resilience as it once again rallied late in the day to get back into positive territory. Stocks opened lower this morning after Chinese trade data came in very...
Read MoreUS stock futures point to a lower open Friday, following foreign markets lower after disappointing Chinese trade data. Exports in China were expected to grow 8%, but rose only 1%, showing falling consumer prices in the...
Read MoreThursday was another quiet day in the market, as is typical for August trading. Major US indices were little changed, with the Nasdaq strongest, gaining 0.25%. The meat of earnings season is now behind us, and most major...
Read MoreThere is not a lot to talk about today, as a Thursday in the middle of August is not exactly a recipe for big moves. The SPY is following its ascending channel, but it is meeting an upper band of resistance along with prior...
Read MoreMarkets keep inching higher as the recent breakout above 1390-1394 is still intact. The recent pivot high in the SPY is $140.92. Above that you need to look back to April for the resistance that was set at $141.66-142.21....
Read MoreIf yesterday was any indication of what is happening, you should get out of this market. The action is going to slow down tremendously, as we are at the top of the range and earnings season is nearing its end. Strategically, the...
Read MoreIf yesterday was any indication of what is happening, you should get out of this market. It is going to slow down tremendously, as we are at the top of the range and earnings season is nearing its end. Strategically, the best in...
Read MoreFutures have bounced back and forth in a narrow range this morning, but still point to a slightly down open as investors weigh new data out of China. China reported this morning that factory output fell to three year lows and...
Read MoreIt was another quiet August day in the stock market, with major indices finishing mixed but nearly unchanged. The S&P and Dow finished narrowly higher while the Nasdaq dropped marginally. As has been customary this week,...
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