Tag Archive: momentum

Week Ends in a Rally

Stock Market Rallies for Second Week in a Row

by Idea go

I apologize for the lack of updates the past few days, my scheduling had me beat and I was unable to post updates. But now, I bring you good news at the end of this Market Week. The Stock Market rallied for the second week in a row and it is great news for us.

The Dow Jones today gained 166 points, adding onto yesterday’s rally. Although it dropped a little on Wednesday, it was not enough to stop the market from ending the week in the positive. The Dow currently sits at 11,644. We haven’t seen this number in a while because in the past, it seems that whenever we get close to a number this nigh, something happens in Europe and we all end up paying for it.

The NASDAQ Composite gained more than 47 points, or 1.8%. It currently sits at 2,667. The S&P 500 gained almost 21 points, or 1.7% and currently sits at 1,224. And the NYSE gained over a 121 points, and it sits in at 7,350 at the end of this market week.

This week has definitely given us a great push towards the 12,000 mark. Hopefully the momentum from this week doesn’t stop here and carries over to the next few weeks. It will give investors a great deal of confidence if the Dow can go back over the 12,000 mark, something we haven’t seen in months.

Gold has also been holding steady over the past few weeks between the $1,600 and $1,700 marks. Currently gold costs $1,680 an ounce. Surprisingly, the price of gold has gone up recently along with the stock market. Generally, they tend to have an opposite effect on each other. As the stock markets rally, gold usually drops, and vice versa. But this week was a bit peculiar with the price of gold and the stock market rally.

As predicted earlier, Apple (AAPL) has bounced back pretty well and has set new records over the past few days. Currently, apple costs $422 a share after gaining $13.57 a share, or 3.32%. Steve Jobs has left behind a great and very strong company and even though many investors and consumers felt as if Apple wouldn’t do as well without Jobs, many others knew that Apple was too big to be brought down. Apple will continue to thrive and I believe we will see this stock set bigger and better records for itself.

I am glad to be able to bring you some good news at the end of this market week. Hopefully things continue to go up in the coming weeks. What are your thoughts about what happened in the past week?

 

Stock Market Rebounding after last week's huge plummet

by jscreationzs

The stock market saw a horrible week last week. This week started with the stock market rebounding back with a huge rally. Almost every stock saw gains (although there were a few exceptions) after mentality about the crisis in Europe changes. Again…the mentality changed.

Investors are hopeful that the rest of Europe will be able to help Greece get out of its current state, which is almost near defaulting. Although nothing drastic has happened, the way investors and consumers are looking at this has changed. I have predicted several times that this will happen over and over. The stock market will remain very volatile as long as the issue in Greece remains unsolved one way or the other. In the meantime, the stock market will go up and down because investors will think that Greece will either Default or come out of it without a problem.

The Dow Jones saw a huge rally today with a gain of over 272 points. It has once again gone over the 11,000 mark but it’s still quite a distance from our aim of 12,000 points. I still believe that it can happen this year again. Remember, the Dow Jones almost reached 13,000 points earlier this year, that can still happen in 2011, well I’m hopeful at least.

The NASDAQ Composite gained over 33 points finishing at over 2,516 points. The S&P 500 also saw a gain of over 2.3% or 26.5 points finishing at 1,162. And the NYSE gained over 170 points finishing at 6,940. The NYSE still has to catch up and go over the 7,000 mark which it could do very soon.

The market is still very volatile. Nothing guarantees that the momentum from today will carry over to tomorrow. We may or may not see another rally. Of course, we may or may not see another plummet. We have seen situations like this several times in the past few months alone where the stock market plummeted after a rally like we saw today. Hopefully it doesn’t happen. I hope that good news, actual good news, comes out of Greece soon so that we can put this mini recession behind us and move on. We have been in this slump for longer than I want to stay in any slump.

The Gold has seen another drop since I last reported it on Friday. Currently, gold costs $1,623 an ounce. About $19 less than what it was just three days ago. Will the price of gold keep going down?

Maybe. I did say that the massive increase in gold price in a short period of time this year could have been just a bubble. Many people on TV, the internet, and in many other places would agree. The price of gold is almost $300 what it was just a few weeks ago and it has been keep going down. It even went down in last week’s massive drop in the stock market, when normally the price of gold would increase.

I think the overall price of gold will continue to drop as the year draws to an end. Gold price spiked too much in too little time and now it’s slowly deflating. It could still spike up just as quickly but hopefully it won’t because gold tends to reflect how the economy is doing and cheaper gold usually means more people are investing in other things that are helping the economy. Right now I think gold needs to drop more and things like the Employment Rate needs to increase.

What do you think will happen in the coming week to the stock market? Will the rally keep up? Or hit the ceiling and bounce back down?

Unfortunately, the momentum from last week’s stock market rally did not carry over to this week. We start this week in the red after the stock market dives almost everywhere.  The dive comes after worries about Greece reemerges as people speculate that Greece will default. If they default, they will stop all payments to their lenders and stop making bond payments. It will hurt banks and it will send a shockwave throughout the Global Economy and we can most definitely look to seeing it in the US Markets.

I am hoping that this doesn’t happen because if it does, it’ll undo everything good that we have experienced last week (and perhaps more). The last thing we need right now is a country defaulting and sending stocks around the globe plummeting.

As for today, the Dow Jones dropped more than 108 points, sticking just over the 11,400 mark. The NASDAQ Composite dropped less than 10 points. You may think it’s not so bad, but it still dropped. The S&P 500 dropped almost 12 points while the NYSE dropped more than 113 points.

Today definitely was not a good day for the market, but we have seen worse. The markets were really down earlier today but the fact that it bounced back up a little shows that investors haven’t lost complete faith in Greece or the global economy. I believe that things will bounce back up. Like always, the market will fluctuate, there isn’t much that we can do, we can only try to predict but that’s harder than it sounds.

Out of the stocks hit hardest, the banking sector took a big hit today. Citigroup (C) dropped $1.28 per share or more than 4.4%. Bank of America (BAC) Dropped $0.24 or about 3.3%. JP Morgan Chase dropped more than 2.8% or $0.94 per share. The banking sector last week saw big gains and a lot of it has been undone in today’s fall. But not to worry, things will go back up as investors use this opportunity to buy low in order to sell high later in the future.

So What is Qwikster?

The Title asks the Question, what’s Qwikster?  Sounds like a service my Internet Service Provider provides that gives a speed boost. But no, it’s not that. Qwikster is Netflix’s (NFLX) new thing. Netflix earlier announced that they will be splitting up their service. Currently, you can stream movies over the internet and order DVDs by mail on the same plan. But now, you have to get them separately. If you only want DVD service, that’s when you go with Qwikster and if you want to stream your videos online, you sign up for Netflix.

Netflix Drops 7% on Monday September 19

by Yahoo! Finance

So how did this go for Netflix (NFLX) today? Not very well. The announcement sent Netflix stocks plummeting again. This time it dropped more than 7.3% or $11.44 per share today. It dropped another 1.77% or $2.55 per share in after hours trading. This drop sent Netflix dangerously close to its 52 week low of $140.02. Currently it’s price is $143.75 (not taking into account its drop after hours). This news will carry over into tomorrow and we can expect Netflix to see another drop in their stocks. They will most likely set a new 52 week low because investors are basically losing hope.

They have lost more than 50% of their market share in the past few months after announcing a change in pricing so what’s Netflix thinking?  They’ve lost about $8 billion after everything that has happened since their first announcement in July and it doesn’t look like they are done. I guess they are hoping people will adapt to their changes and come back to them in the future. I think they will get exactly what they want, but it will take some time. They have to allow people time to get  used to the changes.

Whatever happens, I still think that Netflix is a very strong stock and they will bounce back. As this stock which at one point was over $300 goes closer to $100, investors will look at this opportunity to buy low which should increase the stock prices. And as people get used to Netflix’s new prices and features and whatever Qwikster hopes to accomplish, I think they will start regaining subscribers and will still remain the top company in its field with ease.

Even if the stocks rallied today, Netflix would have gone down. And today wasn’t as bad as it could have been. I’m glad the losses were minimal and hopefully some good news comes out of Greece tomorrow. I know good news will send stocks rallying all over again and that’s exactly what we need in order to set aim for the 12,000 mark.

What are your thoughts on Netflix? What about Greece?

Stocks stay positive for the whole week

by jscreationzs

For the first time in a long time, we have had a full week of growth in the stock market. I honestly don’t remember the last time where the stock market went up every day for five straight days. Today marked the 5th straight day of winning in the stock market. Although I wouldn’t call today’s upward motion of the stock market a “rally” but it was still a positive days. Most stocks went up (although some still suffered losses) which resulted in another day of win in the sock markets all around the world.

The Dow Jones Industrial Average today finished with a gain of almost 76 points. It is over the 11,500 mark and it is getting closer and closer to our targeted 12,000 mark. There is still a long way to go and this weeks Rally of the stock market (after the 3 day slump we saw the week earlier), could trigger another sell off by investors because they may use this opportunity to sell at a moderately high price. Hopefully that won’t happen and investors continue to invest in businesses which would be great for everyone.

The NASDAQ Composite gained more than 15 points finishing at over 2,622 points. The S&P 500 Gained almost 7 points making this week the biggest gains for this Index since July. Currently the S&P 500 is at 1,216. And finally, the NYSE gained more than 19 points, finishing at 7,348 points.

Overall, today was a great day for the market. This turned out to be a great week for the market. I was hoping that the updraft in the market would stick for the whole week and it did. I had my doubts, especially earlier this week when we received bad news from Greece defaulting as well as losses here in the US. At first it seemed as if the negative trend from the prior week would continue into this week and I’m glad it didn’t. The little hope that we saw at the end of the Market day this past Monday triggered the rallies that we have seen all week long all around the world.

Lets hope that the momentum continues and goes over to next week and the following weeks to come. If consumers and investors keep doing what they have been doing this week, we will be on our way to economic recovery in no time. And if President Obama’s Stimulus plan actually gets passed and this time, actually works, we may see the unemployment numbers decline greatly in the next year. It would be great for President Obama with his reelection coming up and of course, it’ll be great for everyone else in the country as well.

Not all stocks prospered this week. I mentioned Netflix (NFLX) yesterday and how it dropped nearly 20 percent after reporting a loss of more than a million subscribers thanks to their new pricing. Netflix’s (NFLX) negative momentum carried over to today and it saw another big drop. This time a drop of over 8.3%, or $14 per share. It is getting closer and closer to its 52 week low. The drop wasn’t as big today as yesterday which could be a good sign that the drop will eventually stop and then slingshot back upwards. It won’t be the first time we have seen that and I won’t be surprised if Netflix recovers just as quickly. It is still a huge company with a lot of stock power in the market, I don’t think Netflix is going anywhere any time soon.

One stock that rallied and had a great day today was Amazon (AMZN). Amazon gained more than 5.5%, or $12.50 per share. It’s current price is $239.30. This week turned out to be pretty good for Amazon and the news from Netflix helped Amazon grow as well.

Unlike last week, I’m glad to saw that this week ended on a very positive note. Lets hope that everything continues into the coming weeks. The holidays are approaching soon and if we can get consumers to spend and investors to invest more, we should be able to pull ourselves out of the recession that we put ourselves in several years ago. Keep a positive mind out and we’ll be out of trouble in no time!

What do you think will happen to the stock market in the coming weeks? Will we be able to go over the 12,000 mark soon? Or will we plummet back below the 11,000 mark that we have fought for this week?

Stocks See Another Day Of Green

Enough momentum carried over from yesterday’s late day revival of the Stock Market to today. The market was in the green most of the day today, although earlier we did see them go red when worries about Europe refused to go down. Even with the green all over the place, we didn’t see very significant gains.

The Dow Jones only rose 44 points today taking it over the 11,100 mark. Even though the race to the 12,000 mark isn’t very quick, I would rather go slow and steady towards the goal rather than go up a few hundred points in a single day just to have the market plummet the next day. We have seen plenty of these situations in the past few months.

The NASDAQ Composite increased more than 37 points, finishing at just over 2,532. The S&P 500 gained almost 11 points and currently stands at 1,172. The NYSE saw the most gains today with a gain of almost 63 points, allowing it to go over the 7,100 mark. The NYSE yesterday saw a gain of only over 2 points, I guess today made up for that.

The worries over Europe’s debt crisis isn’t over. But investors and consumers are feeling a little better about the situation and they believe that things will get better.  Because the crisis isn’t over, it resulted in the choppy trading that we saw today. As I said before, the mentality of consumers and investors can play a big role.

Nothing very exciting happened today. I’m just glad that some of the momentum from yesterday was carried over to today. We also need to keep a positive outlook for the future. Our mentality can affect the stock market and the entire global economy more than we think. It may seem like a children’s story where if you believe it, it’s true, but it does work in the real world, at least dealing with the stock market.

We will have to wait and see what happens tomorrow and for the rest of the week. Will we be able to stay in the green zone tomorrow too? Or will everything bounce back to the red?