NASDAQ IN CORRECTION TERRITORY AGAIN. ANOTHER PULLBACK
All indexes experienced severe selling the past week. What is remarkable is though that Nasdaq and Small Caps experienced a correction of more than 10%. Significantly, all the indexes closed above the 200 day moving average, and that too in strong...
AMAZON REPORTS STELLAR EARNINGS FOR Q1 2018
Amazon Inc. reported stellar earnings on Thursday afer market. The stock was up almost 10% after market hours. Net earnings for Q1 have doubled over the past year and are at $1.6 billion dollars currently. It has seen strong growth especially from...
MAJOR INDEXES FAIL TO GO PAST 50 DAY MA
S&P 500 and other indexes such as Dow Jones and Nasdaq failed to go past 50 day moving average. This likely sets us up for a 200 day moving average touchdown. On the past 3 occasions, the 200 day moving average has provided good support to the...
10 Year Bond Yields Approaching 3%
10 year bond yield has spiked up and reached a 4 year high of 3% today. 10 year yield has not seen yield of 3% since January 2014. Also noticeable is that the 2 year bond yield has risen upto 2.5%. Thus the spread is only 0.5% between the 2 year...
S & P 500 Checks 200 Day Moving Average Again
S & P 500 bounced off 200 day moving average again today. 40 week average or 200 day MA, which can be used interchangeably, is at 2618.89. At the time of writing this post, the market saw a low of 2617.32 today. Key level to watch is 2710 as...
Dance Around 50 day MA
S & P 500 has broken above 50 day moving average on open today. That's a huge come back for the market. This potentially means good short term play for the near future. With strong earnings season on the cards and significant fear and selling...
Markets Trying Hard to Find The Bottom
S & P 500 closed above 200 day Moving Average on April 3/4. Markets did well to close above the moving average. Today, the markets seem to be retesting the 200 day MA. S & P 500 closed slightly below but Nasdaq and Dow Jones closed above...
U.S. Government Charges 15% Withholding Tax On Canadian Residents
Canadian investors need to be aware of 15% tax that the US government charges Canadian investors who hold US equities in non registered accounts other than retirement accounts such asRRSP. For example, if you hold 1000 shares of AAPL in your...
Markets Make A Huge Comeback
S & P 500 made a good comeback last this Friday. From a low of 2641 intraday, it closed at 2691. That's a huge come back for the market. This potentially means good short term play for the near future. As volatility has spiked, it is very...
Markets In Choppy Waters
Markets faced a heavy correction today. Seems like volatility is back in the market. Importan to note is that the indexes such as S & P 500 broke its 50 day support today. This is not good news as it may lead to further selling. On the upside,...