So far for this year, the best charts belong to AXP, T, KO, HD, INTC, IBM, MSFT, PFE and DIS. American Express (AXP). AT&T (T). Coca Cola (KO). Home Depot (HD). Intel (INTC). IBM (IBM). Microsoft (MSFT). Pfizer (PFE). Disney (DIS). If you happened to pick all of these stocks for your portfolio, well, you’re [...]
Archive for the ‘DJIA News’ Category
DJIA: Still In Limbo
Yes, let’s do the Limbo! Looking at the charts, DIA is foundering, with the 9SMA line below the 30EMA and price just above the 30 EMA. Hence the Limbo. The S&P 500 and Nasdaq look similar. The Russell 2000 looks to be in worse shape, with price below the 30EMA line. The index I watch, [...]
DJIA / Market Close for Thursday, April 12, 2012
The Dow closed up +181.19 (+1.41%) at 12,986.58. The S&P 500, Nasdaq and Russell 2000 were all up a similar amount. Earnings from JPMorgan Chase (JPM) and Wells Fargo (WFC) are due Friday. After the market closed today, Google (GOOG) beat earnings expectations, with a profit of $2.9 billion for the first quarter, up 61% [...]
DJIA / Market Close for Wednesday, April 11, 2012
The Dow gained +89.46 (+0.70%) to close at 12,805.39. The S&P 500, Nasdaq and Russell 2000 all closed up today, snapping a five day losing streak. European stocks closed higher today too. Alcoa (AA) led gainers on the Dow after the aluminum producer reported a surprise first-quarter profit after the close Tuesday, lifting hopes for [...]
Bad Jobs Report
Well its Good Friday, but not to good for Jobs. The March jobs report delivered a downside surprise with the economy adding only 120,000 new payrolls, while the unemployment rate ticked down to 8.2%. Consensus estimates predicted the unemployment rate to hold steady at 8.3% and nonfarm payrolls rise 203,000. Though equities are closed for [...]

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