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archives

Correction

This tag is associated with 25 posts

D&D Note (2.8.2018) ~ Lows Retested as Deleveraging Continues ~

D&D Note (2.8.2018) ~ Lows Retested as Deleveraging Continues ~ The markets looked to retest the lows from Tuesday to form the right side of a W pattern. The DOW almost hit its key level of 23,778 while the S&P broke through its key level of 2,593. We must now watch the futures market to … Continue reading

D&D Note (8-28-2012) ~ Stocks Move Sideways Ahead of Friday’s Jackson Hole Speech

D&D Note (8-28-2012) Stocks mainly drifted sideways today with traders not willing to make big bets until there is more certainty on what course of action the FED will or will not decided to do. Investors did get a better-than-expected S&P/Case-Shiller Index report showing a 6.9% gain in the housing market in Q2, where analysts … Continue reading

D&D Note (8-27-2012) ~ Apple v Samsung, Can There Be Only One?

D&D Note (8-27-2012) The current rally is running out of steam or should we say sugar. The only things recently that have been pushing markets higher has been domestic economic news and rumors of QE. But even those press releases can’t hold up any one day chart. Today we got news that the Dallas Fed … Continue reading

D&D Note (8-23-2012) ~ Correction Coming Time To Ring The Register

D&D Note (8-23-2012) Stocks continued to slide today on global growth concerns. September will be a very volatile month and we most likely will see a 5-10% correction in markets over the next month. Selling today was sparked by the latest China report on manufacturing which came in at nine month low and continued after … Continue reading

D&D Note (8-21-2012) ~ Markets Hit Resistance And Turn Lower

D&D Note (8-21-2012) After the S&P 500 hit a high of 1426 traders took the opportunity to lock in gains and thus we saw markets reverse. The previous high was 1423 which was reached on May 15th 2008. Don’t be surprised to see further downside risk before we eventually head back up. A 5% correction … Continue reading

D&D Note (8-14-2012) ~ Cloud Stocks Get Hit Today

D&D Note (8-14-2012) Stocks got an early boost from Europe with better-than-expected Q2 GDP numbers from France and Germany. Retail sales in the U.S. gained for the first time in four months which also boosted equities early on in the trading day. The rally however faded into the day leaving markets mixed. Data globally continues … Continue reading

D&D Note (8-13-2012) ~ S&P 500 Snaps 6 Day Rally

D&D Note (8-13-2012) After the longest rally since December 2011 the S&P 500 finally snapped the 6 day winning streak. Most likely we’ll continue to see the market heading up until we hit 1425 on the S&P 500 where there is resistance, and then head lower with perhaps a 1385 low before then rallying 5-10% … Continue reading

D&D Note (8-9-2012) ~ 5 Year Anniversary Of Global Financial Crisis

D&D Note (8-9-2012) Today marks the 5 year anniversary of the start of the global financial crisis that led to the collapse of Lehman Brothers. Today also marks the S&P 500’s longest rally since March of this year. The recent 5 day rally has lifted the index up nearly 10% since hitting a five-month low … Continue reading

D&D Note (6-13-2012) ~ Stocks Sell-off Near End of Trading On Euro Worries

D&D Note (6-13-2012) Markets were in the green today but gave back all the gains and turned lower by the end of the trading session. The Eurozone remains in focus and all eyes are on this Sunday when the Greek’s take to the polls. Markets also began to sell-off during CEO Jamie Dimon of JPMorgan … Continue reading

D&D Note (6-1-2012) Correction Deepens On Horrid Jobs Number

D&D Note (6-1-2012) Only 69,000 jobs where created in May falling far short of the expected 150,000. Unemployment rose to 8.2%, the first time its gone up since last June. Revisions to the March and April reports saw 49,000 fewer jobs had been created. The US should though avoid slipping back into recession. However we … Continue reading