Day Trading News
News on Day Trading continually updated from thousands of sources around the net.
It was a record-setting week for major market indexes, with the Dow Jones Industrial Average hitting an all-time high, and the S&P 500 Index taking its first trek ever north of the 2,000 mark .
At last check, though, the shares were sitting 2.5% higher at $270.53, bringing their year-to-date lead to a brow-raising 80%.
The Dow Jones Industrial Average moved slightly higher, despite rising concerns about a terrorist attack in the U.K. and strong words from Russian President Vladimir Putin.
Amid this sell-off, put volume accelerated to two times the average daily pace, and speculators upped the bearish ante to gamble on multi-year lows.
U.S. stocks are mixed this afternoon, as the major equity indexes attempt to go out on a positive note ahead of the long holiday weekend.
Nevertheless, the shares are fractionally lower around midday at $41.83 -- though, on a year-to-date basis, they're still up 27%.
EXPR soared yesterday -- following a strong second-quarter earnings report -- and closed almost 13% higher at $16.45.
Earlier this week, on my show, I was asked about selling a stock after one decides to take a tax loss .
This, despite earlier receiving a $1 price-target cut to $14 at Mizuho. Meanwhile, call volume has exploded to 26 times the typical intraday amount, and traders are targeting short-term contracts, per CHS' 30-day at-the-money implied volatility, which is up 10.1% at 32.6%.
Abercrombie & Fitch Co. was last seen 4.7% lower at $41.94, after the firm reported a tenth consecutive drop in quarterly same-store sales.
A mysterious tweet from activist investor Carl Icahn sent shares of Herbalife Ltd. soaring yesterday, and may have been the catalyst for Whole Foods Market, Inc.'s 3.4% pop, as well.
One major aspect to risk is how long you intend to hold an investment. For example, if it is trading at a low price, the probability of permanently losing your capital in Coca Cola stock over a 15 year period is extremely low.
What? You didn't hear about the stock market boom? Where have you been? Hasn't your taxi driver given you any hot tips recently? The Dow is above 17,000.
The S&P 500 traded above 2,000 in intra-day trading on Monday and closed above 2,000 for the first time in history on Tuesday.
The stock market ain't the party it used to be. It just blasted through one important psychological barrier, and another now looks tantalizingly close.
Updated: Sun Aug 31, 2014 11:27 pm
Copyright © 2014 Topix LLC