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Markets Fall on Wednesday, Dow Jones Down Four out of Five Days
Stocks traded in a narrow range Wednesday afternoon, as investors found little reason to place any big bets with earnings season in full-bloom. Earnings and outlooks are keeping investors on the sidelines as business overseas is hamstringing growth for major corporations. The Wall Street slide on Wednesday added to triple-digit losses on Tuesday and made it four out of five days with red closes that have yanked almost 500 points from the Dow Jones Industrial Average. Today’s close for the Dow was its lowest since September 3.
OVERALL STOCK MARKET:
Current Trend: Up
Current Trend Strength: 78% (100=Strongest; 0=Weakest)
Overbought/Oversold Indicator: Neutral
BY MARKET SECTOR:
4. Industrials/Up/Neutral/Market Perform
January 17, 2012 Weekly Stock Market Video Analysis
The following is the weekly stock market video analysis from Chris Vermeulen of the TheTechnicalTraders.com.
In this video he takes a look at the current chart conditions for the S&P 500, oil, gold, silver, and the dollar.
To watch the video please visit: http://www.thetechnicaltraders.com/253-21.html
Stock Market Commentary - Navigating the World of Investment Advice
When you’re a new stock market investor, it can seem like everyone is more experienced and knowledgeable than you about every aspect of the industry. Not only are you faced with complicated and loaded decisions about which companies to invest in, but you also have to decide how you’re going to monitor those investments and how you’ll know when to buy or sell to diversify your portfolio.
It was a light volume, holiday-shortened week for the markets the past week, and the S&P 500 stayed within its tight trading band of 1,083 and 1,112. The lower end of the trading band is also where the 32-day moving average coincidentally comes up. Click here for a tutorial on how moving averages come into play in stock trading.