After the bell, LinkedIn and Starbucks posted earnings that beat the street and were up about 7% after hours.
Lets Talk Stocks
November 5th, 2012
November 5th, 2012
Monday was a light session as most traders stayed on the sidelines waiting for the Presidential election to take place this week. Stocks had minor gains later in the day. ISM Non-Manufacturing report came in light - practically neutral, but still in expansion which did not sway the market.
The major indexes continue to trade in a fairly tight trading range.
October 31st, 2012
After a few days of down-time from Hurricane Sandy, stocks opened Wednesday with still mixed feelings. Markets opened at highs and sold off by noon or later.
Remember that Bull Markets typically start low at the start of the day and end high towards the end of the day. Bear markets typically start high and end low towards the end of the day. Study
October 30th, 2012
Take a look at some newspaper and publication stocks over the last few years. Notice that most of them have totally have been going downhill since about 2005. Content these days is starting to become more available through the Internet people are shifting their mindset and their paradigm. These newspaper and publication stocks, even though they are still popular as far as reader base is concerned - the revenue growth potential is just not there anymore.
October 29th, 2012
On one note it is sad to say that hurricane Sandy closed the financial markets Monday and Tuesday, however it brings up an important point.
Just because the markets are closed, does not mean you can not study! If you are not in the hurricane area, there is always time to pick up a book, study, or read insight from some of the greats. Pick up a few good books and test out your strategies or review your past trades for the year to evaluate how you are doing.
There is always more to learn and things to get better at! Study!
October 26th, 2012
Volume today is light today. The indexes are are virtually flat - there is a lot of focus on Europe, never-the-less... trade your stocks and follow your rules. Don't worry what everyone else is doing. Here are some stocks that are moving and caught my eye. It doesn't mean I am bullish or bearish on these, just means they are moving or have some significance. Learn the trading business and find your strategy.
October 4th, 2012
Netflix is gaining ground its second day and following through. But be super careful... its still considered a piece of crap by the pros.
Why? Well because look how much dumping they did on it just not to long ago. I assure you they are not anxious to jump back in it. It does look temping, but temptation is full of evil. I'm staying away for quite a while still and waiting for the stock to prove to me that it is worth it. What you do is up to you
October 3rd, 2012
Many amateur stock traders probably felt that Netflix was tempting today. It was temping! The stock jumped 10%+. Over $6.18 a share. If you enter the stock long in the morning, I applaud you. But one thing to remember is that when you are in the jungle you are just gambling. Be patient in the morning and make sure the volume is there. With NFLX it was (to some degree). So the next question is where is the big money heading? Well.... that is anyone's guess.
The stock was toast after it hit $300 per share and then rode down to around $56. Ever since then it's been struggling. Although today was the first day that it broke a descending trend line if you look at my chart above, but that's not something to rave about.
Billions of dollars pushed the stock down. So be patient and wait for a second day to confirm the move if you are looking to go long. I believe this could be just a short covering due to the amount of shorts there are in the stock but only time will tell. Stay patient as 1 tick does not make a trend. If you were a day trader and got the move - great. If you are a swing trader that likes to hold for days, weeks, or months on a longer time horizon, why not be patient and wait for confirmation? Whats the rush?
October 1st, 2012
Google (GOOG) today got a huge applause. It has now surpassed Microsoft (MSFT) in terms of valuation. Google (GOOG) is now valued at $249.5 billion! Pretty astounding! However still no where near the success Apple has had.
So what does all this mean for your trading? Absolutely nothing! This is just more news to report for most websites. Let companies have their fun and glow in their glory. All you have to do is trade them well. Watch the key signals, stick to your trading rules, follow your trading edge, and be patient.