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inthemoneystock (< 20)

This Should Scare You: Markets Show Signal



July 16, 2014 – Comments (2) | RELATED TICKERS: INTC , JPM , AAPL

The S&P 500 is trading at 1980.52 +7.24. While the markets are up slightly, they should be up far more considering the hugely positive news we have seen today. Let's start with yesterday morning. Both JPMorgan Chase & Co. (NYSE:JPM) and Goldman Sachs Group Inc (NYSE:GS) reported stellar earnings. Both stocks saw solid gains on the day and the markets could not muster a rally, closing lower. Today, the market should seemingly be euphoric after amazing earnings from Intel Corporation (NASDAQ:INTC), a buyout offer for a huge premium on Time Warner Inc (NYSE:TWX) and a major collaboration between International Business Machines Corp. (NYSE:IBM) and Apple Inc. (NASDAQ:AAPL). All these stocks mentioned are jumping higher and are large components of the market. However, the markets are slightly higher on the day. This lack of reaction to great news is something that should make every investor sit up and take note. The cracks in the glass are beginning to weaken the fabric of the markets. If the markets can only inch up slightly on great news, what happens when it is only neutral news or even negative news? One thing to also watch is that the S&P 500 has not taken out the highs from July 3rd. This is a major level to follow in the short term.

Gareth Soloway

2 Comments – Post Your Own

#1) On July 16, 2014 at 1:37 PM, awallejr (50.90) wrote:

Absolutely nothing here to scare anyone.  First I don't want euphoria. Second, the good news for the companies you mentioned are basically irrelevant to most stocks.  The market is behaving fine for a secular bull market.  All your scare posts won't change that.  

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#2) On July 16, 2014 at 5:33 PM, dondoskilos (< 20) wrote:

OPKO, (OPK)..L A G O V A..THE DRUG ADDS 6 INCHES TO YOUR HEIGHT...(When all the lil guys start growing watch what happens).  They will sell more than Prozac.,,,$8 or 9bucks should go to $80 or $90....Would you like to add 6 inches?  (sell it like that and you can't miss).,,,and Mr.  (SIR) Frost is the guy to hit the tape.


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