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

 
 
 

39 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

7 weeks 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 ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

8 weeks 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 tragedies of M ...
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

China launches test return orbiter for lunar mission
Beijing, Oct 24 (IANS) China launched an unmanned spacecraft early Friday to test technologies to be used in the Chang'e-5, a future probe that will conduct the country's first moon mission and return to the Earth.
 
 
Mali confirms first Ebola case
Bamako, Oct 24 (IANS) The first case of Ebola virus was reported in western Mali town of Kayes, the country's health ministry has said.
 
 
Unesco chief condemns murder of Paraguayan journalists
Paris, Oct 24 (IANS/EFE) Unesco Director-General Irina Bokova Friday condemned the murder of Paraguayan journalist Pablo Medina Velazquez and his assistant Antonia Maribel Almada Chamorro, who were shot dead Oct 16 near Curuguaty in southeastern Paraguay.
 
 
Kidney stones may increase bone fracture risk
Washington, Oct 24 (IANS) People, especially women, who develop kidney stones may be at increased risk of experiencing bone fractures, finds a research.
 
 
 

Latest from the Network

Second MERS case reported in Qatar
Doha, Oct 23 (IANS) A 43-year-old man in Qatar has tested positive for Middle East Respiratory Syndrome (MERS) in the second confirmed case of the deadly virus in 10 days, media reported Thursday. The patient had...
Read more on Business Balla
 
Two people die in Pakistan bomb blast
Islamabad, Oct 23 (IANS) At least two people were killed and 12 others injured in an explosion that took place in Pakistan's Balochistan province Thursday, media reported. The bomb was planted on a motorcycle, Dawn...
Read more on Politics Balla
 
Trott extends contract with Warwickshire till 2017
London, Oct 23 (IANS) England batsman Jonathan Trott, whose mental issues led to his abrupt departure from last winter's Ashes tour, has confirmed his successful comeback to competitive cricket by signing a new three-...
Read more on Sport Balla
 
Srikanth, Kashyap big movers in BWF rankings
Kuala Lumpur, Oct 23 (IANS) Indian men shuttlers Kidambi Srikanth and Parupalli Kashyap jumped seven places each in the latest Badminton World Federation (BWF) rankings released Thursday while Olympic bronze medallist...
Read more on Sport Balla
 
Alvin Stardust dead
London, Oct 23 (IANS) English singer Alvin Stardust died after a short illness. He was 72. Stardust's manager confirmed the news about his demise Thursday, reports mirror.co.uk. He was recently diagnosed with...
Read more on Celebrity Balla
 
Indian man reunited with family after 40 years
Dubai, Oct 23 (IANS) An Indian man, who had disappeared from his hometown in Kerala nearly 40 years ago, has been found by his family at a hospital in Dubai in the UAE, a newspaper report said. Now in his 60s, Abdulla...
Read more on Politics Balla
 
Srikanth, Kashyap, Saina rise in world rankings
Kala Lumpur, Oct 23 (IANS) Indian men shuttlers Kidambi Srikanth and Parupalli Kashyap jumped seven places each in the latest released Badminton World Federation (BWF) rankings Thursday while Olympic bronze medallist...
Read more on Sport Balla
 
Flintoff signs for Big Bash side Brisbane Heat
Brisbane, Oct 23 (IANS) Former England captain and all-rounder Andrew Flintoff, who retired from international cricket in 2009, Wednesday confirmed that he will play for Brisbane Heat in the Big Bash League (BBL) this...
Read more on Sport Balla
 
OPEC daily basket price falls again
Vienna, Oct 23 (IANS/WAM) The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) closed at $81.94 a barrel Wednesday compared to $82.09 Tuesday, the OPEC Secretariat said. The new OPEC...
Read more on Business Balla
 
Lopez to sign multi-million dollar deal?
Los Angeles, Oct 23 (IANS) Singer-actress Jennifer Lopez is reportedly in the final stages of securing a multi-million dollar deal to perform in Las Vegas. The 45-year-old is being offered $350,000 per show at The...
Read more on Celebrity Balla