1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily by Jon Johnson. NASDAQ Well Out In Front – Low to high action is positive, but not many stocks are making that move. – The NASDAQ broke to a new high — and held the move. – The fact that the NASDAQ is […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily by Jon Johnson. Jobless Claims Hit a New Low – The number of jobless claims fell below one million for the first time in 20 weeks, but the news failed to really energize stocks. – The NASDAQ led higher and then faded for […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily by Jon Johnson. Jobless Claims Provide Hope – After a sluggish start, the NASDAQ resumed its lead, followed by the other large-cap indices. – Jobless claims provided hope after the weak Automatic Data Processing (ADP) report — along with President Trump’s hints about […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily by Jon Johnson. Inflation or Deflation? – Stocks pause ahead of the Big Four’s earnings, and after-hours beats send futures higher. – Q2’s gross domestic product’s (GDP) first iteration is hard to read at -32.9% quarter/quarter. – Are we going to experience inflation […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily by Jon Johnson. The Market Needs a Stimulus Agreement – Leaders bounce off of a big-tech-led weak opening, but take hits as Apple once again becomes the target of state attorney generals. – Weaker jobless claims break a string of lower numbers and […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily by Jon Johnson. Economic Data Good, Jobless Claims Not Great – Stocks were strikingly lethargic after getting good news regarding vaccines on Wednesday. – Economic data are good, but jobless claims are not great. – Something is needed to catalyze a new move […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily by Jon Johnson. NASDAQ Leaders Are In Control – Recovery stocks didn’t even try as NASDAQ leaders are in control, even if they are a bit extended on this leg. – Other stocks are setting up quite nicely, even though few non-tech stocks […]
1. Market Summary Excerpted from Wednesday’s paid content of Investment House Daily by Jon Johnson. Vaccine Announcement Boosts Futures – Pfizer Inc.’s (PFE) announcement regarding a vaccine boosts stock futures. – Recovery stocks start the new quarter higher, but immediately regress. Leader stocks start slow, but then surge. – The Institute for Supply Management (ISM) […]
1. Market Summary Excerpted from Thursday’s paid content of the Investment House Daily by Jon Johnson. Some Good, Some Bad and Little in Between – We saw good low to high action, but not much overall index change. While the indices remained quiet, leaders started to move to the upside. – The economic data dump […]
1. Market Summary Excerpted from Thursday’s paid content of Investment House Daily by Jon Johnson. Picking Up the Pieces – We had an overall sleepy session, but leaders quietly lead higher. – While most indices saw consolidation, that is not a bad course of action after what happened on Wednesday. – The economic data continue […]
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