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.

        

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.

        

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.

        

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.

        

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.

        

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.

        

Retail sales continue to improve with signs that consumers are shopping again that prompted investors to do the same thing on Friday, pushing the stock market just shy of a fresh 14-month closing high.

For the week, the NYSE fell a slight .80% while the NASDAQ slipped .18%.

Since March 23, 2009, when the NLX NYSE turned Bullish, the NYSE has gained 37.40%.  

Since November 9, 2009, when the NLX NASDAQ turned Bullish, the NASDAQ has gained 1.68%.

NLX NYSE +12

NLX NASDAQ +127

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 Labor Department announced Friday that the unemployment rate fell to 10% from 10.2% in October. Those figures easily trumped analysts' expectations for an increase in the unemployment rate into 2010.

For the week, the NYSE rose 1.59% while the NASDAQ gained 2.61%.

Since March 23, 2009, when the NLX NYSE turned Bullish, the NYSE has gained 38.51%.  

Since November 9, 2009, when the NLX NASDAQ turned Bullish, the NASDAQ has gained 1.87%.

NLX NYSE +47

NLX NASDAQ +159

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.

        

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.

        

During the traditional shortened trading session on the Friday after Thanksgiving Day, a sell-off was precipitated by the Dubai World's debt woes that shook investors' confidence.

For the week, the NYSE edged lower .20% while the NASDAQ retreated .35%.

Since March 23, 2009, when the NLX NYSE turned Bullish, the NYSE has gained 36.33%.  

Since November 9, 2009, when the NLX NASDAQ turned Bullish, the NASDAQ has declined .73%.

NLX NYSE +20

NLX NASDAQ +32

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.