Lacklustre Earnings Season Left Stocks Mixed - MastersoEquity.com
FUNDAMENTALS
Yesterday's earnings seasons kicked off with a lacklustre Alcoa Q4 earnings release along with worries that the rest of the earnings may also be less optimistic. This left the markets mixed whole day even though oil prices continue to make encouraging drops to new 18 months low and Apple gaining over 7% in one day. Advancers and Decliners are almost evenly matched yesterday showing a cautious and mixed sentiment in the markets. The property sector is still a concern as rising mortgage rates and a dropping property price means that real estate investors are having a very hard time. When real estate investors do not make money, their money do not come into the markets and that means a lot of money off the table.
TECHNICALS
Markets closed sideways once again yesterday with the Dow in the red. The Nasdaq composite, however, continues to be led higher as the QQQQ continues to lead the way. The QQQQ told us that investors are bullish on the Nasdaq composite as it was in positive territory the bulk of the time that the Nasdaq composite was negative. Both the Dow and NASDAQ formed long tailed dojis which tells us again that uncertainty prevails in the markets and that the market can still go anywhere. The Nasdaq Composite continued to fail at the 2450 resistance level while the Dow seems to be comfortably settling into its neutral trend. No technical indications seems to hint at where the market will go next from this neutral trend and short term traders should continue to stay out of the markets.
Everything An Option Trader Needs In A Day On ONE PAGE!
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Yesterday's earnings seasons kicked off with a lacklustre Alcoa Q4 earnings release along with worries that the rest of the earnings may also be less optimistic. This left the markets mixed whole day even though oil prices continue to make encouraging drops to new 18 months low and Apple gaining over 7% in one day. Advancers and Decliners are almost evenly matched yesterday showing a cautious and mixed sentiment in the markets. The property sector is still a concern as rising mortgage rates and a dropping property price means that real estate investors are having a very hard time. When real estate investors do not make money, their money do not come into the markets and that means a lot of money off the table.
TECHNICALS
Markets closed sideways once again yesterday with the Dow in the red. The Nasdaq composite, however, continues to be led higher as the QQQQ continues to lead the way. The QQQQ told us that investors are bullish on the Nasdaq composite as it was in positive territory the bulk of the time that the Nasdaq composite was negative. Both the Dow and NASDAQ formed long tailed dojis which tells us again that uncertainty prevails in the markets and that the market can still go anywhere. The Nasdaq Composite continued to fail at the 2450 resistance level while the Dow seems to be comfortably settling into its neutral trend. No technical indications seems to hint at where the market will go next from this neutral trend and short term traders should continue to stay out of the markets.
Everything An Option Trader Needs In A Day On ONE PAGE!
.
Labels: fundamental analysis, investment, share market, stock market, stocks, technical analysis
posted by Jason Ng at 6:59 PM
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