Walmart Slides After Earnings

Walmart Slides After Earnings

Despite solid earnings results this morning shares of mega retailer Walmart are under extreme pressure.  The stock is off over 2.5% in the early going after opening the session with a nice gain.  This extends $WMT’s pullback from Monday’s spike high to...
Home Depot Hammered

Home Depot Hammered

Shares of Home Depot are under heavy pressure this morning.  The stock is off over 3% following this morning’s Q3 earnings report.  Despite solid results, increased guidance and an upgrade from Oppenheimer, $HD opened the session with a gap lower open.  It was...
$DIA Chart

$DIA Chart

As the new week begins stocks continue Friday’s retreat.  The $DIA is off just over 250pts. and is trading below Wednesday’s low.  The $DIA opened that session with a powerful upside gap before finishing with a 555pt. gain.  The index will soon fill the...
The Midterm Aftermath

The Midterm Aftermath

Great stuff here from Bloomberg’s Dave Wilson:  U S. stocks may have only started rebounding from a slump last month, if the history of midterm election years is any guide. Since 1950, the S&P 500 Index has risen by an average of 10.7 percent from its...
SPY Chart

SPY Chart

This week’s rally left layers of support behind.  As the week comes to and end it appears a healthy pullback is underway.  Initial support is in place between $276.00 and $275.20.  The upper band is marked by the 200 day moving average, lower band by last...