This was a brutal week for the stock market. The Dow was down over 1,400 points to close at 23,553, declining 5.7% which puts it in negative territory for the year, down 4.8%. The S&P was down 6% for the week and is now down 3.2% for the year. The NASDAQ had the worst week, down 6.5%, but is still up 1.3% for the year. Facebook and Amazon both lost $75 billion in market cap last week. While Amazon and Netflix also declined last week they ...
The ‘inflating parabolic bubbles’ for the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite reached their all-time intraday highs of 26,616.71, 2,872.87 and 7,505.77 on Friday, Jan. 26, as the ‘melt-up’ to these closes warned of potential market peaks. Dow Transports and Russell 2000 were laggards setting their highs of 11,423.92 on Jan. 16 and 1,615.52 on Jan. 24, respectively. The correction ended two weeks later, on Feb. 9, ...
With the Nasdaq Composite index breaking through the 6,000 milestone for the first time and the Dow Jones Industrial Average regaining territory above 21,000, does this market exuberance represent a new ‘dotcom-style’ bubble or a tech revolution? And, what should investors consider now. Amazon, Apple, Facebook, Google and Microsoft, which combined account for something a tenth of US market capitalization and keep notching up one record ...
Apple Inc. (NASDAQ:AAPL) is currently down almost 10% year to date, although it remains a favorite of both hedge funds and professional money managers. Most frighteningly, a steep decline after a disappointing quarter of relatively low iPhone sales growth has encouraged significant investor caution. more...
Weekly price is on bearish breakdown: the price is breaking Ichimoku cloud together with Senkou Span line which is the border between the primary bearish and the primary bullish trend on the chart. Price is breaking 4264.81 support level to below together with descending triangle pattern for the bearish breakdown to be continuing. Chinkou Span line crossed the price to below for the breakdown, and Absolute Strength indicator is estimating the primary bearish market condition in the future to be ...
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