Stocks were higher today as the Dow posted a solid gain of 113 points on heavy trade to close at 25,971. While US stocks move up, Chinese equities continue to trade in bear territory. The South China Morning Post reported that PMI activity in small/midsized manufacturing in China hit a 14-month low with the employment…Read more
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Stocks opened the trading week with mixed action as the Dow fell on light volume while the S&P 500 and NASDAQ rose on light volume. Tech stocks rallied for the first time in 4 trading sessions led by chip stocks that rebounded after a positive report on AMD. At the close the Dow was down…Read more
Stocks are bouncing around as the age of disruption rolls on. Between a strong jobs report, China trade tariff talks and an Elon “weird super inventive dude” Musk interview that short sellers jumped on, the markets were all over the place. The BTS and IBD indicators continue to show that stocks are in rally mode.…Read more
Stocks traded in a mixed fashion with industrials, materials, and real estate making gains while tech got whacked. The Dow finished up 20 points to close at 20,995, whereas the NASDAQ lost almost 1%. Chip stocks were pulling back after a research note from Morgan Stanley which warned that memory chip demand is weakening, inventory…Read more
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