MarketCommentary.com - NLX Quantified Market Performance
Market Commentary Following The Underlying Trends of the NYSE and NASDAQ Composite Indexes
Market Commentary
Late Rally
U.S. stocks ended higher on Friday after waging a dramatic comeback in the final hour of trade.
The Dow saw three triple-digit full-day point moves this week.
For the week, the NYSE fell 1.47% while the NASDAQ slipped .29%.
Since January 27, 2010, when the NLX NYSE turned Bearish, the NYSE has declined 3.59%.
Since January 22, 2010, when the NLX NASDAQ turned Bearish, the NASDAQ has declined 2.91%.
NLX NYSE -81
NLX NASDAQ -193
These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed. Past performance does not imply future results.
The Dow saw three triple-digit full-day point moves this week.
For the week, the NYSE fell 1.47% while the NASDAQ slipped .29%.
Since January 27, 2010, when the NLX NYSE turned Bearish, the NYSE has declined 3.59%.
Since January 22, 2010, when the NLX NASDAQ turned Bearish, the NASDAQ has declined 2.91%.
NLX NYSE -81
NLX NASDAQ -193
These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed. Past performance does not imply future results.
Global Concerns
Fears about the global economy hammered stocks on Thursday with a broad market sell-off fueled by grim employment numbers and financial worries in Europe.
NLX NYSE -101
NLX NASDAQ -316
These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed. Past performance does not imply future results.
NLX NYSE -101
NLX NASDAQ -316
These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed. Past performance does not imply future results.
Bernanke
Federal Reserve Chairman Ben Bernanke survived hard-core opposition to his handling of the financial crisis by some Senate Republicans and Democrats and won approval on Thursday for a second four-year term.
Stocks had their worst month since February 2009.
For the week, the NYSE dropped 2.09% while the NASDAQ skidded 2.63%.
Since January 27, 2010, when the NLX NYSE turned Bearish, the NYSE has declined 2.16%.
Since January 22, 2010, when the NLX NASDAQ turned Bearish, the NASDAQ has declined 2.63%.
NLX NYSE -102
NLX NASDAQ -361
These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed. Past performance does not imply future results.
Stocks had their worst month since February 2009.
For the week, the NYSE dropped 2.09% while the NASDAQ skidded 2.63%.
Since January 27, 2010, when the NLX NYSE turned Bearish, the NYSE has declined 2.16%.
Since January 22, 2010, when the NLX NASDAQ turned Bearish, the NASDAQ has declined 2.63%.
NLX NYSE -102
NLX NASDAQ -361
These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed. Past performance does not imply future results.
NLX NYSE Turns Bearish
The NLX NYSE turned Bearish today after being Bullish since March 23, 2009 while gaining 35.67%.
NLX NYSE -104
NLX NASDAQ -251
These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed. Past performance does not imply future results.
NLX NYSE -104
NLX NASDAQ -251
These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed. Past performance does not imply future results.
NLX NASDAQ Turns Bearish
Stocks closed with steep losses for a third straight day Friday, paced by technology shares, which suffered from analyst downgrades and concerns that Ben Bernanke might not get confirmed to a second term as Federal Reserve chairman.
For the holiday shortened trading week, the NYSE tanked 4.43% while the NASDAQ slid 3.61%.
Since March 23, 2009, when the NLX NYSE turned Bullish, the NYSE has gained 38.35%.
Since November 9, 2009, when the NLX NASDAQ turned Bullish, the NASDAQ has gained 2.38%.
NLX NYSE -70
NLX NASDAQ -114
These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed. Past performance does not imply future results.
For the holiday shortened trading week, the NYSE tanked 4.43% while the NASDAQ slid 3.61%.
Since March 23, 2009, when the NLX NYSE turned Bullish, the NYSE has gained 38.35%.
Since November 9, 2009, when the NLX NASDAQ turned Bullish, the NASDAQ has gained 2.38%.
NLX NYSE -70
NLX NASDAQ -114
These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed. Past performance does not imply future results.
Slide
Stocks suffered the worst one-day decline of 2010 so far, which slid after the announcement of weaker-than-expected revenue and a glum outlook in the financial sector.
U.S. markets are closed Monday for Martin Luther King Jr. Day, a federal holiday.
For the week, the NYSE slipped .90% while the NASDAQ slid 1.26%.
Since March 23, 2009, when the NLX NYSE turned Bullish, the NYSE has gained 41.86%.
Since November 9, 2009, when the NLX NASDAQ turned Bullish, the NASDAQ has gained 6.22%.
NLX NYSE +38
NLX NASDAQ +103
These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed. Past performance does not imply future results.
U.S. markets are closed Monday for Martin Luther King Jr. Day, a federal holiday.
For the week, the NYSE slipped .90% while the NASDAQ slid 1.26%.
Since March 23, 2009, when the NLX NYSE turned Bullish, the NYSE has gained 41.86%.
Since November 9, 2009, when the NLX NASDAQ turned Bullish, the NASDAQ has gained 6.22%.
NLX NYSE +38
NLX NASDAQ +103
These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed. Past performance does not imply future results.
January First Five Days
2010 started out strong as the NYSE jumped 3.31% while the NASDAQ climbed 2.21%.
The Bulls won the battle of the January First Five Days Early Warning System, chronicled by the editors of the Stock Trader's Almanac. According to the Stock Trader's Almanac, the last 35 up First Five Days were followed by full-year gains 31 times for an 88.57% accuracy ratio.
Since March 23, 2009, when the NLX NYSE turned Bullish, the NYSE has gained 43.14%.
Since November 9, 2009, when the NLX NASDAQ turned Bullish, the NASDAQ has gained 7.57%.
NLX NYSE +155
NLX NASDAQ +259
These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed. Past performance does not imply future results.
The Bulls won the battle of the January First Five Days Early Warning System, chronicled by the editors of the Stock Trader's Almanac. According to the Stock Trader's Almanac, the last 35 up First Five Days were followed by full-year gains 31 times for an 88.57% accuracy ratio.
Since March 23, 2009, when the NLX NYSE turned Bullish, the NYSE has gained 43.14%.
Since November 9, 2009, when the NLX NASDAQ turned Bullish, the NASDAQ has gained 7.57%.
NLX NYSE +155
NLX NASDAQ +259
These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed. Past performance does not imply future results.
Happy 2010
For the decade, the NYSE gained 4.49% while the NASDAQ plummeted 44.24%.
The Dow also sank 9.30% making it the 2nd worst performing decade ever.
During the last week of 2009, the NYSE fell .97% while the NASDAQ sank .72%.
Since March 23, 2009, when the NLX NYSE turned Bullish, the NYSE has gained 38.55%.
Since November 9, 2009, when the NLX NASDAQ turned Bullish, the NASDAQ has gained 5.34%.
NLX NYSE +28
NLX NASDAQ +179
These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed. Past performance does not imply future results.
The Dow also sank 9.30% making it the 2nd worst performing decade ever.
During the last week of 2009, the NYSE fell .97% while the NASDAQ sank .72%.
Since March 23, 2009, when the NLX NYSE turned Bullish, the NYSE has gained 38.55%.
Since November 9, 2009, when the NLX NASDAQ turned Bullish, the NASDAQ has gained 5.34%.
NLX NYSE +28
NLX NASDAQ +179
These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed. Past performance does not imply future results.
Merry Christmas
As the countdown to 2010 begins and the end of the "lost decade", the S&P 500 is on track to post its first 10-year price drop since the 1930s. The Nasdaq Composite ended the Christmas shortened trading week at its highest close since Sept. 3, 2008.
For the week, the NYSE climbed 2.38% while the NASDAQ jumped 3.35%.
Since March 23, 2009, when the NLX NYSE turned Bullish, the NYSE has gained 39.90%.
Since November 9, 2009, when the NLX NASDAQ turned Bullish, the NASDAQ has gained 6.11%.
NLX NYSE +76
NLX NASDAQ +540
These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed. Past performance does not imply future results.
For the week, the NYSE climbed 2.38% while the NASDAQ jumped 3.35%.
Since March 23, 2009, when the NLX NYSE turned Bullish, the NYSE has gained 39.90%.
Since November 9, 2009, when the NLX NASDAQ turned Bullish, the NASDAQ has gained 6.11%.
NLX NYSE +76
NLX NASDAQ +540
These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed. Past performance does not imply future results.
Earnings
U.S. stocks closed higher Friday as better-than-expected earnings reports boosted investors' appetite for technology stocks.
For the week, the NYSE slipped .55% while the NASDAQ gained .98%.
Since March 23, 2009, when the NLX NYSE turned Bullish, the NYSE has gained 36.64%.
Since November 9, 2009, when the NLX NASDAQ turned Bullish, the NASDAQ has gained 2.68%.
NLX NYSE -40
NLX NASDAQ +224
These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed. Past performance does not imply future results.
For the week, the NYSE slipped .55% while the NASDAQ gained .98%.
Since March 23, 2009, when the NLX NYSE turned Bullish, the NYSE has gained 36.64%.
Since November 9, 2009, when the NLX NASDAQ turned Bullish, the NASDAQ has gained 2.68%.
NLX NYSE -40
NLX NASDAQ +224
These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed. Past performance does not imply future results.