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Category Archives: TK

Late Selling Sends Market Lower! SPX, Nasdaq, OSG, FRO, TK, AAPL, GOOG, CMG, NFLX, SNDK, VMW, MON, DNDN

The market spent most of the day defending the SPX 1040 level.  We saw some bounces in the morning.  But, like I said in my article last night, "…the momentum is on the downside right now, and, bounces may invite more selling."  In the last hour of trading, the selling resumed on heavy volumes, ending [...]

Better Economic Data Inspire The Market Again! SPX, Nasdaq, MLM, VMC, SPG, CBL, MAC, OSG, TK, FRO

This morning, a strong manufacturing activity report brought the buyers back into the market.  In addition, the latest bailout package for Greece also calmed investors’ nerves, at least for the day.  Housing and building sectors were very strong today.  MLM and VMC kept pushing higher, adding +4.1% and +2.81%, respectively.  The REITs, SPG, CBL, and [...]

Review 8/13/07: SPX, Nasdaq, Dow, SHLD, ENR, CSC, OSG, TK, FRO

The day started out very well, with the market rallying right from the open. But, it quickly faded. Even though there were several attempts to turn back upwards, the market eventually closed just slightly down. The Dow was down just 3 points; SPX down 0.72 points; and, Nasdaq was down 2.65 points. Here’s a snapshot [...]