AAPL outshines BBRY buyout
Index & Sector performance 9/23/13 The Market: The market picked up early Monday where it left off Friday gaping lower on the open and continuing lower until roughly 11:30 am EST when the S&P 500 was able to bottom and turn with unfortunately what seems to be not much support or enthusiasm from traders. From the WSC Scoreboard, the largest drag on the Market today was the Financials (XLF) and leading them down was Regions Financial (RF) which closed down 2.27%. RF closed right at the 150 day SMA and if it cannot find support there the upward sloping 200…
Daily Wrap
DJIA -35.79 (-0.26%) to 13,982.91; S&P 500 +0.90 (+0.06%) to 1,520.33; NASDAQ +10.39 (+0.33%) to 3,196.88 The markets continued to climb what seems to be the wall of worry and I heard many speculating that something the President might say would affect the current trend but yet again another perceived milestone is passed and we continue higher yet again. The Nasdaq finally participated in the rally as Apple Computers (AAPL) while down for the day was only slightly so and didn’t pull down the broad index much but it was the Dow that didn’t participate and that was due to McDonald’s (MCD) which closed down over…
Daily Wrap
DJIA -98.99 (-0.74%) to 13,251.97; S&P 500 -10.98 (-0.76%) to 1,435.81; NASDAQ -10.17 (-0.33%) to 3,044.36; Today started off like it was going to be a tight, low volume consolidation day that held the 76% fib but slightly after the lunch time lull the market started to move toward the lows of the day and then after 2pm est really picked up speed to the downside. We closed just above the prior resistance and now theoretical support of 1434. General Motors (GM) is a stock of the day today reminiscent of a previous stock of the day AIG because GM…