Recent content by cpbreakouts

Daily Market Update - 4/16 Market Direction: Trending Down Stocks recovered from early heavy losses on Tuesday. The S&P 500 rose 0.7% and the Nasdaq gained 0.3%. Stocks jumped out of the gate during the first half hour of trading but turned lower after the NAHB Housing Market Index came in at...

Daily Market Update - 4/15 Market Direction: Trending Down Stocks rebounded on Monday and logged their first win in three days. The S&P 500 rose 0.8% and the Nasdaq rose 0.6%. Volume was on the low end again. The action today continued the pattern of up days on low volume which shows big...

Daily Market Update - 4/11 Market Direction: Trending Down Stocks fell hard on Thursday. The S&P 500 fell 2.1% and the Nasdaq plunged 3.1%. Volume rose on all the major exchanges, meaning big money investors such as fund managers were selling. In the past five sessions, the indexes have fallen...

Daily Market Update - 4/10 Market Direction: Trending Down Stocks showed strong movement on Wednesday but volume was low on all major exchanges. The S&P 500 rose 1.1% and the Nasdaq jumped 1.7%. With volume being low, this shows big investors are not jumping back into the market. The current...

Daily Market Update - 4/9 Market Direction: Trending Down Stocks bounced back on Tuesday. The S&P 500 added 0.4% and the Nasdaq jumped 0.8%. Volume was low on all the major indexes which showed that the big money investors were not jumping back into the market. Stocks exhibited some volatility...

Daily Market Update - 4/8 Market Direction: Trending Down Stocks were a victim of more selling on Monday. The S&P 500 gave up 1.1% and the Nasdaq dropped 1.2%. The Nasdaq fell further below its 50-day moving average and now stands 6% off its recent high. Similar to Friday, equity indices spent...

Daily Market Update - 4/7 Market Direction: Trending Down Stocks took a heavy hit on Friday which turned the market back around into a downtrend. The S&P 500 fell 1.3% and the Nasdaq plunged 2.6%. Volume rose on all major exchanges. So far, 2014 has provided a tough climate for making money in...

Daily Market Update - 4/4 Market Direction: Trending Up Stocks headed to the downside Thursday but volume was low. The S&P 500 lost 0.1% and the Nasdaq fell 0.9%. Stocks began the day with modest gains, but were quick to slip into the red. Biotechs fell hard again, which was a reason the...

Daily Market Update - 4/3 Market Direction: Trending Up Stocks had a good day Wednesday. The S&P 500 closed up 0.3% and the Nasdaq rose 0.2%. The market dipped into the red but came back and closed at the highs. This is the type of action you want to see in stocks. Strong finishes are a good...

Daily Market Update - 4/2 Market Direction: Uptrend Resumes The S&P 500 hit a new high Tuesday, ending the market downtrend. The index climbed 0.7% and the Nasdaq rallied 1.6%, closing above its 50 day moving average. Volume rose across the board which is another positive sign. The market is...

Daily Market Update - 4/1 Market Direction: Trending Down Stocks had a nice up day on Monday. The S&P 500 rose 0.8% and the Nasdaq rose 1%. The Nasdaq is approaching its 50 day moving average where it faces a test of resistance. The major indexes held onto the bulk of the day’s gains, unlike...

Daily Market Update - 3/28 Market Direction: Trending Down Stocks attempted to rally Thursday but got shut down. The S&P 500 lost 0.2% and the Nasdaq lost 0.5%. Remember, with the market in a downtrend the best place to be is on the sidelines protecting your cash. Economic news was mixed...

Daily Market Update - 3/27 Market Direction: Trending Down Stocks turned sour and declined on high volume Wednesday. The S&P 500 lost 0.7% and the Nasdaq fell 1.4%. The market direction has changed to trending down. Many breakout picks have been flashing selling signals the last few sessions...

Daily Market Update - 3/26 Market Direction: Uptrend Weakening Stocks rebounded on Tuesday but volume was below average. The S&P 500 edged higher by 0.4% and the Nasdaq barely reached a gain of 0.2%. The market direction still remains as uptrend weakening. Today’s gains did not show signs of a...

Daily Market Update - 3/25 Market Direction: Uptrend Weakening Stocks finished off their lows but our leading stocks were hit hard Monday. The S&P 500 finished down 0.5% and the Nasdaq dropped 1.2%. With our leading stocks showing stress and selling signals, now is not the time to be...