Equities continued to surge higher and recoup the recent weakness. Keep in mind that just a few days ago, the market was off to its worst start to a calendar year ever.
Tag Archives: Trading
Cannabis stocks were moderately weak today. The sector is currently void of industry catalysts and therefore dependent on individual company updates.
It is quite possible that “buy the rumor, sell the news” has been experienced, as manipulators might have been pushing up prices ahead of last night’s “Marijuana Country: The Cannabis Boom” on CNBC Prime.
The holiday trading is now behind us and the initial sentiment for 2015 is starting off pretty weak. Does this feel similar to last year at this time?
Cannabis stocks enjoyed their first day of 2015 with a majority of the sector rallying. It is not too surprising to see a bounce with tax-loss harvesting behind us.
Cannabis stocks were mostly quiet today as tax-loss selling came to an end. Let’s hope we are not so widely plagued with this headwind in 2015’s year-end.
While quiet, the market seems to be holding its own today. The S&P 500 posted a gain of 0.34% to 2,089. Small and microcaps outperformed their larger cap brethren with both indices continuing their December rally.
U.S. Q3 GDP revisions came out today and the news was quite positive. The good old U.S. economy posted a 5% annualized growth rate.
Few business sectors are growing as fast as the cannabis industry. After the 2014 midterm election, the recreational market expanded from two states to four; and many expect marijuana to become legal nationwide within the next decade.
U.S. equities saw a rise today leading into and following the Fed’s decision to exhibit patience for “considerable time” around raising rates for the first time since 2006.
U.S. equities experienced another day of elevated price fluctuations, as the Dow Jones failed to hold onto a 230 point gain. Oil continues its free fall, returning to levels last seen during the depths of the financial crisis.
The roller coaster ride for equities ended the week with numbers falling off a cliff at the close. The Dow Jones suffered a weekly drop of 3.8%, the most since September 2011.
Stocks take a tail licking globally, as many indices posted declines of more than 1%. Energy weakness has been a key reason for several weeks now.
Energy continues to spiral downward, putting pressure on U.S. stocks for the day. Additionally, emerging market currencies continue to weaken against the dollar, to the lowest point in a decade. Putin is crying in his borsch. The S&P 500 posted a decline of 0.69% to 2,061.
U.S. payrolls witnessed the largest gain in three years, while oil continues to slide. Equity markets reflected that mixed news in the early part of the day, but then raised on the optimism around the relative strength of the U.S. economy.
U.S. equities showed a weak open on the back of news from the ECB. However, the selling pressure didn’t last long and equities ended mostly unchanged. The S&P 500 posted a small decline of 0.11% to 2,072.
This morning’s November ADP jobs report came in with more than 200,000 jobs added. The U.S. economy continues to chug along, but this report was a bit softer than expected.
U.S. energy stocks moved down on the news that OPEC would not be easing supply, which caused oil prices to tumble over the holiday.
U.S. stocks continued their upward trend on the back of broad economic optimism. Consumer confidence is climbing to a seven year high, as people head into the heat of the holiday shopping season.
MJINews has launched its Marijuana Stock List to keep investors and analysts up to date on publicly traded companies involved in the legal marijuana industry, whether pure plays or ancillary ventures.
U.S. equities opened strong again and traded softer on waning volume, a similar pattern for the third consecutive day. International markets have been a bit stronger recently which has contributed to the early strength in U.S. stocks.
Holiday weeks are generally quiet and this week begun no differently. U.S. stocks jumped higher out of the gate following strength abroad. Similar to Friday, the gains quickly faded as investors failed to support initial strength.
The S&P 500 jumped higher at the open on news from central banks in China and Europe regarding additional stimulus actions. Unfortunately, the market lost most of its ground as stocks faded into the close.
There is an old saying on Wall Street, “Don’t fight the tape.” This basically means, do not bet against the trend. Right now, this market is moving up and to the right.
The S&P 500 was off 0.15% after minor selling pressure earlier in the day. NASDAQ was down a little over 0.5%. There is a lot of buzz around the bad behavior of Uber executives … .
The S&P 500 rose early in the day to a new record as healthcare and small caps climbed higher, closing at 2053.44. The markets continue to move further into the unknown as indices register record closes on a daily basis.
The day opened with concerns over Japan’s recession and a slump in small-caps led to fluctuation of stocks on the news. However, the S&P 500 worked its way to a marginal win to close at 2,041.
US equities were mostly quiet despite the continued economic progress as demonstrated in today’s jobs report. The S&P 500 closed the day marginally higher by 0.04% to 2032, another record close.
U.S. equities continued to creep higher today extending its recent outperformance over international markets. This performance gap is starting to feel a bit discomforting … .
U.S. stocks gravitated around the unchanged line as investors digested continued pressure out of the energy sector. Saudi Arabia appears to be flexing their pricing muscle, putting U.S. fracking to the test.
It was a mixed Monday as U.S. stocks were very quiet following the record close on Friday. The S&P 500 ended the day with no gain to close at 2018.
Equity markets cheered on the surprising news coming out of Japan overnight. The big announcement was from the BOJ where Kuroda shocked markets with a surprise easing action. In lieu of candy, we see this as their way of saying Happy Halloween.
Today, investors received the first look at the US GDP for the 3rd quarter, a key measurement of the U.S. economy. The headline number came in at a 3.5% annualized growth, which follows a nicely positive 2nd quarter of 4.6%.
Today marks the end of the historic Quantitative Easing version 3.0. Basically, the Federal Reserve has ended its balance sheet expansion, which has been supportive of our economy for the last several years.
Stocks resumed their recent risk on rally with strength in international, emerging, small and micro cap stocks. It is interesting to see strength in the technology sector despite the drubbing in price for micro-blogging site, Twitter.
Marijuana stocks come in two flavors. Companies using marijuana to derive compounds that can be turned into FDA-approved drugs to treat specific diseases — GW Pharmaceuticals (NASDAQ: GWPH) and Insys (NASDAQ: INSY).
Equities were generally quite tame today as we finished the day pretty much where it began. It wouldn’t be surprising to see the markets digest some of the recent snapback, especially without some positive catalysts.
Equity markets experienced its best weekly gain of the year. We are quickly erasing the recent correction and are now back to levels from two weeks ago. The S&P 500 closed with a gain of 0.73% to 1965.
Markets resumed their winning ways today, led by small and micro cap stocks. The S&P 500 surged back with a gain of 1.24% to end the day at 1951.
What’s up Wednesday? Not the S&P 500, which ended its recent four day winning streak with a decline of 0.74% to 1927. Small and micro caps declined in sympathy of the overall market weakness.
Today the S&P 500 caps the biggest rally in a year, up 1.9% to 1,941. Are we already heading back to record highs? If so, the recent correction will have been nothing more than a blip on the radar.
Today we bounced, finally! Stocks surged higher right from the open lead by large capitalization stocks. The S&P 500 closed the day higher by 1.3% to 1887 though ended the week lower.
After several days of selling, investors finally had a day of relative calm. The S&P 500 barely managed to end the day with a small uptick to close at 1862.
Volatility is reaching levels not seen in equities in the last several months. U.S. stocks started out the day extremely weak, rallied, sold off and climbed back to end the day lower, but significantly off the daily lows. Talk about whipsaw action.
Another day of less-than-positive action across the investment landscape as international and emerging stocks were weak following yesterday’s sell-off.
Weakness continued on this light trading day, especially in the final hour of trading. The not-so-manic market activity was felt by traders. While Columbus Day is not a major or market holiday, it is still an excuse for a long weekend for many.
Nearly a week ago, the SEC put a heavy limitation on trading shares of GrowLife (PHOT), which is expected to last until April 25th.