DIS hit a new all time high today and, so far in 2012, DIS is up 36%.“The Avengers” and moreover the Marvel acquisition is proving to be a great move for the equity.
In the financial sector, GS broke above the 150-day moving average, which resisted price on two prior occasions in the last two weeks (8/21 and 9/4) for it has been grinding horizontally.
Other stocks of interest include AAPL, which battled its was back to unchanged after being down earlier today; even in the face of a slow market.
Be sure to check out our StockTwits account, where we will be a lot more active, tweeting out charts and analysis.
The Hang Seng lost 1.2% today, putting it down 1.3% this week, while the Shanghai composite lost 1% putting it at a 3 year low. The resources sector was among the worst performers with China Shenhua, China’s biggest coal producer, losing 3.5%. PetroChina stumbled back 0.6% after a 21% decline in Q2 net profits. CNOOC lost 1.1% today, 5% this week, due to week profit and a 40% slash in their dividend. Banks were also week today with the Bank of China losing 1.3% after its weakest quarterly profit growth in 3 years. China construction bank is also down 1.9% today.
The FTSEurofirst is beginning today flat as investors lock in profit to minimize risk and exposure. Mining stocks were the biggest losing sector today as their sector is very economically sensitive. Eurasian natural resources and Rio Tinto were among top fallers on the index losing 3.6 and 3.3% respectively. Eurozone banks were also week with the sector losing 1.3% today. Today’s focus will be on the meeting between the German Chancellor and Greek Prime Minister.
Global bank eyes are on Denmark’s after last month’s experiment of setting its main deposit rates for banks at -0.2%, which the ECB said it may follow.
Apple is now 4th being knocked down from 2nd, in Q2 in China’s smartphone market. Consumers are waiting for the next Iphone or buying other brands; Samsung maintains the lead.
Crude, gold and silver are set to begin below while natural gas is on the rise this morning.
Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market. Comments can be directed to ryghcw19@uww.edu
Testimonials
Before I joined KeeneOnTheMarket I was a clueless trader that struggled to find consistency. Since signing up for the KOTM options education course I...
Frank C.
I am very pleased with Andrew Keene and his trading strategy. I tried other rooms in which the host shows up a total of 2...
Jokie M.
When I attended Andrew's workshop in late September 2013, I immediately saw the power of implementing trades triggered by unusual options activity so I signed...
