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Wk25: Market Recap

Half the year is over, this is a good time to look back and reflect on trading thus far. As we look at the first 25 weeks on a weekly chart of the S&P500, we are essentially right back where we started, trading in a range for the past 8 weeks. All charts are now clickable to access larger version! The internals opened Monday weak to the downside with -2000 readings on the NYSE A/D line. The Federal Reserve’s FOMC…

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Wk26: Market Forecast

In the week ahead look for these news announcements to act as potential market movers… Tues: Consumer Confidence 10:00 AM ET Weds: ADP Employment Report 8:15 AM ET Weds: ISM Manufacturing Index 10:00 AM ET Weds: Pending Home Sales Index 10:00 AM ET Weds: EIA Petroleum Status Report 10:30 AM ET Thurs: Employment Situation 8:30 AM ET Thurs: Jobless Claims 8:30 AM ET Fri: Independence Day Observed, US Markets Closed While we have established a down trend over the past…

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Wk26: Stocks to Watch

With the NASDAQ acting as the market leader at the moment, we called for AAPL, AMZN, and GOOG to remain on your radar in week 25. The three broke above their 20-Day Moving Averages last week and continued higher. If you didn’t take the trade, ask yourself why not? Was it because you we’re uncertain of which way the broader market was headed? Did you not have a hedge against your long? Was there something about the stock that was…

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Trading Lingo

Here you will find terms and lingo used at TJMacTrading and in the Trading World. Ask – The price someone is willing to sell the stock for. Ask Size – The number of shares/contracts in supply at that point in time. Asset – An item of economic value owned by a person or company which can be converted into cash. Bid – The price someone is willing to buy the stock for. Bid Size – The number of shares/contracts in…

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Wk24: Market Recap

As we continually look to the internals for market confirmation, we want to keep in mind that the Breadth, A/D line and Tick should be used in conjunction with one another to more accurately confirm or deny a move in the markets. The Breadth would be considered the lagging internal of the three indicators with the tick being the front runner an showing the first sign of weakness or strength in a market. With all the top line figures (S&P500,…

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Wk25: Market Forecast

In the week ahead look for these news announcements to act as potential market movers…· Tues: Redbook 8:55 AM ET· Tues: Existing Home Sales 10:00 AM ET· Weds: Durable Goods Orders 8:30 AM ET· Weds: New Home Sales 10:00 AM ET· Weds: FOMC Meeting Announcement 2:15 PM ET· Thurs: GDP 8:30 AM ET· Thurs: Jobless Claims 8:30 AM ET· Fri: Personal Income and Outlays 8:30 AM ET· Fri: Consumer Sentiment 9:55 AM ET Lots of economic data and announcements to…

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Wk25: Stocks to Watch

Continuing our focus on the tech sector as we did last week, GOOG, AMZN, and AAPL are beginning to look rather attracting and are show signs of potential setups. We continue to scan for stocks making new 52-wk highs and 52-wk lows each evening at the close.As trading slows for the summer this week’s economic announcements should set the tone for the months to come. Most of the market’s “big hitters” have packed up their things and are headed to…

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