360° Coverage : Priceline And Apple Say Good Things About Overall Market

2 Updates
Priceline And Apple Say Good Things About Overall Market

Priceline And Apple Say Good Things About Overall Market

Jan 17 2014, 4:33pm CST | by

What a week this has been.  It started with a broad sell-off, but on Tuesday the indexes recouped all that was lost on Monday and traded the rest of the week up to either lateral or trend channel...

Filed under: news

 
 
 

32 weeks ago

Priceline And Apple Say Good Things About Overall Market

Jan 17 2014, 4:33pm CST | by

What a week this has been.  It started with a broad sell-off, but on Tuesday the indexes recouped all that was lost on Monday and traded the rest of the week up to either lateral or trend channel resistance.

With respect to the indexes, the trend of buying stocks at support in tandem with the indexes at support remains in tact.  At some point this trend will change, but for now that remains the trend to trade off of.

The action in the indexes was nothing compared to the Mr. Toad’s wild ride in leading stocks. On the plus side, Priceline.com (PCLN) and Apple (AAPL) bounced nicely from support areas.

On the downside it was a rough week for many of last year’s big winners:

So what does this tell us?

With regard to leading stocks, there’s two ways to look at it.  The first is it’s always a stock picking market and from time to time leadership rotates from past leaders into new leaders — solar could be a new leadership area as those stocks had a big week. Leading stocks often rally BEFORE the market does and fall BEFORE the market does.

The sell-offs in many leading stocks combined with the indexes close to short-term resistance can’t be ignored.  Any healthy pullback off of resistance to support levels would do a world of good for those of us that like to buy leading stocks at support and not chase stocks.

So we’ll continue to sit back and let stocks come to us and use support levels as our low-risk entry points.

Source: Forbes Business

 
Update
2

2 hours ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slashing the workforce ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

1 day ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Modi government selling off Indian assets: Mamata
Kolkata, Aug 30 (IANS) Accusing the Narendra Modi led BJP government of selling out the country's assets by embracing FDI across sectors, West Bengal Chief Minister Mamata Banerjee Friday warned that such policies would put Indian economy in grave crisis.
 
 
13 die of Ebola in DRC
Kinshasa, Aug 29 (IANS) A total of 13 people, including five doctors, died of Ebola virus disease in the Democratic Republic of Congo (DRC), the country's Minister of Public Health Felix Kabange told Xinhua Friday.
 
 
How birds learnt to fly
New York, Aug 29 (IANS) Birds have an innate ability to maneuver in mid-air, a talent that could have helped their ancestors learn to fly rather than fall from a perch, says a study.
 
 
Millions of mites crawling on your face right now!
New York, Aug 29 (IANS) Are you aware that your face is brimming with living mites that feed on the oil our skin secretes and hide in tiny hair follicles? And no, they are not pooping on you as they store up all the excreta until they die!
 
 
 

Latest from the Network

UN peacekeepers injured in Mali landmine explosion
United Nations, Aug 30 (IANS) A number of UN peacekeepers were injured Friday when their vehicle hit a landmine in northern Mali, a UN spokesman said. "The United Nations Multidimensional Integrated Stabilisation...
Read more on Politics Balla
 
Kanye West is supporting Rob Kardashian
Kanye West has become one of Rob Kardashian's ''biggest cheerleaders.'' The 37-year-old rapper, who is married to the sock designer's sister Kim Kardashian West, has started reaching out to support his brother-in-law,...
Read more on Celebrity Balla
 
Joan Rivers's condition remains serious
Joan Rivers remains in a ''serious'' condition in a New York City hospital. The 'Fashion Police' host, who was placed in a medically-induced coma after she went into cardiac arrest and stopped breathing during minor...
Read more on Celebrity Balla
 
Suri Cruise reunited with lost dog
Suri Cruise has been reunited with her lost dog. The eight year old - the daughter of Tom Cruise and Katie Holmes - was devastated when her new Chihuahua, Honey, disappeared in Beverly Hills earlier this month and...
Read more on Celebrity Balla
 
850,000 displaced in one month in Iraq
Geneva, Aug 30 (IANS/EFE) The Islamic State minlitants advancements have forcibly displaced 850,000 people in one month, the International Organisation for Migration(IOM) said Friday. The total number of people who...
Read more on Politics Balla
 
US identifies citizens fighting for Islamic State
Washington, Aug 30 (IANS/EFE) US intelligence and law enforcement agencies have identified around a dozen of its citizens, who have traveled to the Middle East to join jihad led by the Islamic State, officials said....
Read more on Politics Balla
 
Keira Knightley goes topless
London, Aug 30 (IANS) British actress Keira Knightley showed her upper body for a racy magazine photoshoot. The "Pirates of the Caribbean" actress stripped off for fashion magazine Interview. In the photo, she appears...
Read more on Celebrity Balla
 
UN human rights report on Ukraine distorts facts: Russia
Moscow, Aug 30 (IANS/ITAR -TASS) The latest report of office of the UN High Commissioner for Human Rights distorts the situation on the Russia-Ukraine border, Russia's foreign ministry said Friday. "The authors of the...
Read more on Politics Balla
 
Happy to call Brad Pitt my son-in-law: Voight
Los Angeles, Aug 30 (IANS) Actor Jon Voight is happy that now he can call Brad Pitt his son-in-law. Voight is happy about the wedding of his daughter Angelina Jolie to her partner of nine years and although he wasn't...
Read more on Celebrity Balla
 
Modi government selling off Indian assets: Mamata
Kolkata, Aug 30 (IANS) Accusing the Narendra Modi led BJP government of selling out the country's assets by embracing FDI across sectors, West Bengal Chief Minister Mamata Banerjee Friday warned that such policies...
Read more on Politics Balla