Here’s the transcript of this week’s chat at TradingWithCody.com, a service not affiliated with MarketWatch. All right guys, ask me anything. Q. Any idea or explanation why some important AAPL suppliers have completely different behavior? QCOM,BRCM more or less are following AAPL (about -10% since their earnings report) and others ( SWKS and mostly CRUS [...]
My Gut Feeling for Today, May 17, 2012 ($)
May 17, 2012 By Leave a Comment
It just doesn’t matter !!! It just doesn’t matter that US economic data continues to improve It just doesn’t matter that housing in the US and related mortgage data is on the upswing It just doesn’t matter that earnings continue to better Wall Street consensus estimates It just doesn’t matter that Apple is about to [...]
Still Looking For Upside
May 16, 2012 By Leave a Comment
The market is getting a bounce in early trading, but it still needs to pick up some steam as the day wears on to have a real impact. We did get some positive economic reports today which seem to be helping. Both Asian and European markets were both down overnight, but our market seems to [...]
You Call That A Bounce?
May 15, 2012 By Leave a Comment
The market is only slightly higher in early trading despite the market back in oversold territory and down the last 7 of 9 days. The futures were pointing to a stronger open early this morning, but the enthusiasm quickly faded. The latest Empire State Manuf. Index improved to 17.1 in May from 6.6 in April. [...]
My Gut Feeling for Today, May 15, 2012 ($)
May 15, 2012 By Leave a Comment
We had another ugly session yesterday with Greece and Europe once again being the locus of the problem. Greece continues to falter politically and economically as the country is unable to form a coalition government. There are a series of games of chicken being played in Europe. One is the ECB versus Greece. The other [...]
My Gut Feeling for Today, May 14, 2012 ($)
May 14, 2012 By Leave a Comment
The dysfunctional Greek political process played out over the weekend and failed to form a coalition government. While they still have a few days to do so, the inability to act like responsible adults over the weekend caused an implosion of the Greek stock market and dragged most European markets down by 2 to 3%. [...]
Sentiment Improved In U.S., Worsening In Europe
May 11, 2012 By Leave a Comment
The market is higher in early trader after starting out on a weak note. The big news last night was this $2 billion trading loss at JPMorgan (JPM). JPM said it was due to some hedges on their credit portfolios that went awry, and investors were not pleased. Trading losses are often one-time in nature, [...]
Can The Market Muster A Convincing Bounce?
May 10, 2012 By Leave a Comment
The market is higher in early trading after being down for 6 straight days, which is the longest streak since summer 2011. The Nasdaq is underperforming after earnings reports from both Cisco (CSCO) and Priceline (PCLN) failed to impress. CSCO beat by a penny but lowered guidance and its stock is down -8.7% currently. PCLN [...]
Markets May Be Ready To Bounce
May 9, 2012 By Leave a Comment
My Gut Feeling for Today, May 9, 2012 ($)
May 9, 2012 By Leave a Comment
It feels like the movie Groundhog Day. Once again. Worries over Greece and Spain whack the markets in the early going and then we get a lift or a rebound later in the day once the European markets close. Overnight S&P 500 (SPX) futures declined about 40 bps and then doubled that decline by about [...]
