Cramer Highlights
We can’t afford a General Motors crash.
What would the economy look like if the government allows GM - General Motors to fail?
Its no secret GM is borrowing billions of dollars that it cannot repay.
Its no secret things at the company are getting worse by the day.
The economic consequences of [...]
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I’m interested to see what people think about the Symonds v Watson debate that is going on for the Australian team selection for the 1st Test against the Kiwis.
Feel free to justify your selection as well……
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Beginner stock market investing can be very daunting and complicated. But did you know, that of all the avenues of investment, the stock market is easily the oldest? That does not mean, however, you should not know the basics before you put your money into it. Knowing the fundamentals of the stock market can, and will most likely mean success or failure. Thus, if you want to make money in the stock market, you better learn the basics!
To start, let’s discuss what a stock truly is. All that a stock really is, is a claim to a piece of ownership in a company. When a company needs to get capital, it will market off shares of itself to outside investors. When you purchase a share, you buy yourself a right to a share of the profits. That means if the company makes money, you get a piece. If it loses money, your invested money becomes smaller. Anytime you purchase more stock, you increase the amount of your share in that company’s earnings. Be they positive or negative.
Just because you purchase a share or two does not mean you will be consulted for daily businesses activities of the company. But, your share does also count as a vote for who should be consulted. It is the shareholders that select the board of directors, who are responsible for all the company’s activities.
Next, let’s look at the two types of stocks you can purchase. Common stock is the most prevalent and is typically what is traded most of the time. Anytime you hear someone talking about buying ’stock’, they are probably talking about having purchased common stock. Common stock is nothing more than a share of a company, and does not entitle the holder to any further benefits.
The other kind of stock you can purchase is called ‘preferred stock’. Preferred stock is a company share that gives the holder a little more benefit than the common stock. A preferred stockholder usually doesn’t get to vote, but will most likely get a dividend for the life of the company. Where common stock provides a less common dividend, preferred stock will give a consistent income. Also, if the company gets liquidated, the preferred stockholders see their money returned first.
In other words, a preferred stockholder will get their investment returned as a priority over common stockholders, while earning a considerable dividend.
Now, what makes a stock price change? Supply and demand. It’s that simple. When a lot of people want a stock, the demand is high and the supply becomes smaller as the demand is satiated. Thus the price goes up.
When stockholders want to rid themselves of their shares and there isn’t enough buyers to make them happy, they will lower the asking price to try and garner interest. And this is how the prices go down.
I hope you now feel more confident about becaues of this stock market for beginners article, and will continue your learning and eventually use the stock market as a source for wealth building.
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I am fairly new to this forum so apologies if this topic has come up before but with all the doom and gloom out there I was curious to hear everyone’s opinion on what jobs they believe will stand up against a deep recession?
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^DJI
8497.31
-337.94 (-3.82%)
^IXIC
1516.85
-79.85 (-5.00%)
^GSPC
873.29
-38.00 (-4.17%)
^NDX
1179.63
-61.30 (-4.94%)
^OEX
421.34
-16.68 (-3.81%)
^SML
245.36
-16.94 (-6.46%)
^QNET
72.82
-4.30 (-5.58%)
^VXO
70.31
+9.71 (+16.02%)
^VIX
66.31
+6.48 (+10.83%)
^VXN
66.05
+8.02 (+13.82%)
PVADX
20.06
-1.10 (-5.20%)
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It’s the new normal again this morning — a 2% gap to start the day. I guess we have to expect some retracement of yesterday’s huge move. I’d like to see the bulls hold at intraday support from Wednesday — on the QQQQ that’s around 29.50, which is about 1% lower than where it’s trading now.
On Today’s Calendar:
10:00 — Business Inventories
10:00 — Mich Sentiment-Prel.
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
See one of the recent ‘Chart Reading‘ posts for some potential swing candidates. Also be sure to check my typical swing trade entry & exit rules.
Potential day trades:
(From Briefing.com)
Gapping Down
In reaction to disappointing earnings/guidance: GSI -12.8% (light volume), VSCI -12.4% (light volume), NOK -12.4%, JWN -10.5%, ANF -7.0%, KSS -3.2%, ETFC -2.7%… Select oil/gas names showing weakness: PBR -5.7%, TOT -3.0%, COP -2.4%, OXY -2.0%, CVX -1.3%, XOM -1.1%… Select financials pulling back: PRU -11.4%, UBS -10.3%, BBD -9.5%, ITU -8.4%, BCS -7.8%, CIT -5.7%, HIG -5.4%, DB -5.2%, HBC -3.7%, MS -3.0%, ABB -2.8%, GS -2.4%, WFC -2.0%, JPM -1.9%, BAC -1.5%… Select tech-related names trading lower: RIMM -4.5%, INTC -3.3%, BIDU -3.3%, MSFT -2.7%, AAPL -2.5%, GOOG -2.4%, DELL -2.1%, HPQ -1.8%… Select metals/mining names showing weakness: BHP -5.3% (Rio Tinto Group, trying to prevent a $65 bln hostile takeover by BHP Billiton, delayed investor meetings - Bloomberg.com), BBL -4.6%, RTP -3.8%, RIO -3.7%, GOLD -3.6%, MT -3.0% (Slowdown may delay ArcelorMittal’s India plan - Business Standard)… Other news: LHO -17.8% (rescinds prior outlook; also downgraded to Hold from Buy at BB&T Capital Mkts and downgraded to Neutral from Buy at Janney Mntgmy Scott), ERIC -9.5%, MOT -7.2%, and QCOM -2.8%
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Link below.
the website shows interesting and funny facts and pictures.
Cheers
Spartn
:viking:
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What, Bush speaks and then the Markets rally?
^DJI
8835.25
+552.59 (+6.67%)
^IXIC
1596.70
+97.49 (+6.50%)
^GSPC
911.29
+58.99 (+6.92%)
^NDX
1240.93
+75.55 (+6.48%)
^OEX
438.02
+26.87 (+6.54%)
^SML
262.30
+19.12 (+7.86%)
^QNET
77.12
+5.55 (+7.75%)
^VXO
60.60
-9.62 (-13.70%)
^VIX
59.83
-6.63 (-9.98%)
^VXN
58.03
-6.61 (-10.23%)
PVADX
21.16
+1.51 (+7.68%)
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I'll be away from the trading desk today to play golf. Feel free to browse the archives in my absence. See you on Monday!
Read more…
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This was one of the most volatile days I’ve seen, with the indices swinging about 10% in about 3 hours. Mid-day selling pushed the Nasdaq and S&P 500 beneath their October lows. Early on I wondered if sellers had exhausted themselves based on the fact that Intel (INTC) was up on the day. That thesis was looking real shoddy at lunch time but now it seems spot on. That goes along with what I talked about yesterday with regard to the relatively light volume. Today’s probe of the October lows was a great example of a spring / false breakdown:
When is a break of support bullish and the breaking of resistance bearish? When these events turn out to be either springs or upthrusts, the name given to these technical patterns by legendary technician Richard Wycoff.
Both springs and upthrusts are examples of false breakouts and can trap the unsuspecting trader. Both patterns quickly reverse and the stock then often tests the opposite end of the trading range. A spring is a false breakout to the downside. It is so named because prices “spring” back. An upthrust is the opposite event–prices temporarily break out above resistance only to retreat almost immediately after.
The quality of the spring or upthrust can be judged by an examination of the degree of penetration of support or resistance and the volume on the day this penetration occurred.
So the springs indicate that the market is heading to the top of its trading range. The short-term stochastic indicators on the indices are also in favor of the bulls. I think we saw some panic buying (short-covering) by the bears today and I suspect there are plenty of people who are still short and can easily become motivated buyers.
I think the fact that the VIX couldn’t make it to its October extremes along with the indices is a bullish divergence. Its chart continues to look toppy. As I mentioned the other day, I’d take a break of 45 or so as a sign that things are returning to normal.
For all the huge moves the indices are just back to where they were on Tuesday — hovering around those round numbers of 1600 and 900.
Here’s Intel, which put in a one-day reversal:
Trend Table
The indices are still well below their 10-day moving averages, so no changes to the short-term trends yet.
Trend
Nasdaq
S&P 500
Russell 2000
Long-Term
Down
Down
Down
Intermediate
Down
Down
Down
Short-term
Down
Down
Down
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
*** I’m simply using the indices’ relations to their 200, 50 and 10-day moving averages to tell me the long, intermediate and short-term trends, respectively.
Post from: Trader Mike
November 13, 2008 Stock Market Recap
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