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By Steve Patterson on
4/29/2009 3:25 PM
Chinese Internet Companies
Climbing
A number of Chinese Internet companies are outpacing the rest of the market
higher with Netease (NTES) reaching a new 52 week high at the highest point
today. Other companies to watch include Shanda (SNDA), Baidu (BIDU) and Sina
(SINA).
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By Steve Patterson on
4/23/2009 7:39 PM
Amazon (AMZN) and Microsoft (MSFT) Both Rally Afterhours
In a very mixed session today with the direction of the markets not clear until the final 1/2 hour, shares of Microsoft rallied late to lift the indexes and then gave only a decent report afterhours. Amazon reported afterhours with better numbers which initially caused a slight dip but then the stock moved higher. Microsoft finished the afterhours session up 3% from where it closed the regular session while Amazon improved 2.7% from 4 pm to 8 pm EST.
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By Steve Patterson on
4/18/2009 1:51 PM
Volatility Index Continues to Fall In another sign that the markets could extend the current rally into something longer term, the CBOE Volatility Index (VIX) has fallen to a new three month low to $33.94. Sometimes called the fear index, the VIX shows the amount of hedging in the markets to ward against a downturn and rises when the markets begin to turn south. The drop the VIX over the past two weeks resembles the fall in the S&P 500 that we saw just before the current rally began. There was a break of resistance at $40 on the 3rd on April and the index has continued to fall fairly steep since.
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By Steve Patterson on
4/17/2009 4:30 PM
Research In Motion Has Growth In this market it is hard to find companies with growth in both revenue and earnings but Research in Motion (RIMM) is one of the larger organizations with good growth that has broken out of a negative trading pattern and begun to climb. You may have missed some of the move as it has risen from around $35 a share to a recent $68.35 a share over the course of the last month and a half. But if the markets continue to perform and the economy improves along with the markets, there is more upside with RIMM.
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By Steve Patterson on
4/7/2009 8:06 PM
No Economic Data and Little in Earnings (Literally) It's a tough week to believe in the new bull market will next to no economic data coming out and little in the way of earnings. I still think the markets can move higher with the help of a couple good reports next week and a few earnings surprises by some of the bigger companies. Goldman Sachs has been holding steady with it's earnings to be released next week with Johnson & Johnson only failing slightly the last two days.
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By Steve Patterson on
4/4/2009 2:19 PM
US Indexes Are Clearly in the Green
I didn't think we would see the pullback for the classic W formation in the indexes but we did get the gap lower this week and then the new short-term high. So now the indexes are clearly in the green across the board for the Nasdaq Composite, the Dow Jones Industrial Average, the Russell 2000, and the Standard & Poors 500. The markets will continue to rally or we will get a hold signal after a number of down days. So being long until the hold signal is met is a decent play.
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