Author Archives: Tom Aspray
The Spyder Trust (SPY), as well as the Dow Industrials, broke their five-day winning streak on Thursday and the futures are a bit lower early Friday. No real US economic data today for the market to react to but Asian markets were strong on the back of… Continue reading
From last Friday’s sharply higher open, the Spyder Trust (SPY) has closed higher for the past four days, gaining 2.2% so far in May. The tech sector has started to catch up as the Powershares QQQ Trust (QQQ) is up 2.8% so far this month. Continue reading
The German Dax closed up 0.86% Tuesday as it has made a new all-time high this week. It is also sharply higher in Wednesday’s early trading. Japan’s Nikkei 225 had been closed since May 2 and gained 3.5% when it reopened on Tuesday. For the year,… Continue reading
Though the Dow Industrials were down Monday and the S&P 500 only had a slight gain, the Dow Jones Transports were up 1.27%. Two trucking companies were big gainers as YRC Worldwide (YRCW) was up 41% and Arkansas Best Corp. (ABFS) was up almost 40% … Continue reading
The strength in the equity markets carried over to the Asian markets Monday with the Shanghai Composite up over 1% and the Hang Seng not far behind. The European markets are slightly lower in early trading as are the US stock index futures. Continue reading
In the last trading lesson, I discussed the low close doji formation (LCD) that was created by trader John Person which is in his book Candlestick and Pivot Point Trading Triggers. Continue reading
Nervous traders and investors (me included) had quite a bit to cheer about by the end of the week, when the monthly jobs report came in much better than expected. Continue reading
It was a tough day for the stock market as the combination of disappointing economic data and the Fed’s less positive view of the economic recovery hit stocks hard. The weaker ADP Employment Report raised concerns that Friday’s jobs report would al… Continue reading
It was a tough day for the stock market as the combination of disappointing economic data and the Fed’s less positive view of the economic recovery hit stocks hard. The weaker ADP Employment Report raised concerns that Friday’s jobs report would al… Continue reading
As the stock market continues to grind higher, the market is going to be bombarded by potentially market moving news for the rest of the week. This includes this afternoon’s FOMC announcement, as well as the ECB and jobs report on Friday. Continue reading