Search: dow

Amazon (AMZN) just made a terrific move after the bell today, making its largest purchase ever.  It’s acquiring Zappos.com for about $890 million in stock (based on today’s closing price) plus another $40 million in restricted stock and cash.  Zappos.com is the leading online shoe retailer that did a billion bucks in revenue last year [...]

Wow, now that’s what I call an oversold bounce.  I was expecting some retracement of the selling off oversold conditions last week, but not of that magnitude.  The recovery was such that the much discussed head and shoulders top has failed as all the indices broke out from 4 week long down trends.  Of course, [...]

It’s official.  I’ve been highlighting the possibility of a head and shoulders top confirmation on the Dow and S&P for several weeks and now we have confirmation of those formations as both broke through the neck lines this week.  While we’re oversold and could see a minor bounce, the momentum and trend is clearly down [...]

I’ve talked quite a bit about the head and shoulders top formations in the Dow and S&P500 in recent weeks and it looks like we might get confirmation of those topping formations soon, based on early trading action today.  What that means is that there is going to be an abundance of ways to play [...]

I’m short on time this week, so will move right into the charts.  Basically not much change in my analysis from last week as the indices continue to diverge with Nasdaq strength and S&P weakness.  The Nasdaq actually broke out of its two week consolidation on Thursday, closing the week above the 20 day moving [...]

The indices are down but not out.  That was the theme of last week as the indices broke down out of tight, short trading ranges and are in the process of testing some key resistance levels which could soon tell us whether the rally will continue or enter a prolonged retracement.  Last week, I discussed [...]

I’m short on time this weekend so will keep the commentary to a minimum and just focus on the chart of the Nasdaq and what it might be telling us about where we’re headed.  The market is definitely showing some signs of fatigue recently but continues to digest gains in a very health manner and [...]

One key component to pin pointing market tops and bottoms is the market reaction to news.  It’s something I’ve discussed quite a few times here in the past few years and with this V shaped market rally continuing into the stratosphere, it’s worth keeping an eye on to help determine when this rally might roll [...]

Sina.com (SINA) is China’s largest internet portal with over 200 million registered users across not only China but Taiwan, Hong Kong, North America.  The company continues to post outstanding growth each quarter despite a slumping global economy and beginning to tap into the trend of user generated content with the launch of SINA Blog and [...]