Friday  August 10, 2001

The markets moved lower in the morning, testing key support levels, but then stocks moved higher in the afternoon.  This morning's PPI data came in mixed and drove the markets lower after the futures had been positive ahead of the economic data being released.  On the NYSE there were 186 new highs and 51 new lows, while on the NASDAQ there were 80 new highs and 110 new lows.  Trading volume was moderate.  The Dow finished the day up 117 points at 10,416, after trading intra-day down to 10,215.  The NASDAQ closed down 6 at 1956, after trading as low as 1920, well below the 1934 low set in July.    

Thursday  August 9, 2001

Today the markets were very volatile and ended the day near the unchanged level.  The initial jobless claims data came in slightly higher than expected.  The markets continued digesting yesterday's moderately negative Beige Book data.  The key support levels on the NYSE and NASDAQ held during today's trading, although the NASDAQ support level was tested 5 times intra-day.  On the NYSE there were 158 new highs and 64 new lows, while on the NASDAQ there were 65 new highs and 107 new lows.  Trading volume was moderately high.  The Dow finished the day up 5 points at 10,298.  The NASDAQ closed down 3 at 1993.    

Wednesday  August 8, 2001

The markets were mildly positive in morning trading and then stocks sold off in the afternoon.  The Fed's Beige Book data released at 2pm confirmed concerns that weakness in the manufacturing sector we beginning to carry over to other sectors.  This negative sentiment drove stocks down even further with only mild bargain hunting at the close.  On the NYSE there were 175 new highs and 57 new lows, while on the NASDAQ there were 96 new highs and 79 new lows.  Trading volume was moderate.  The Dow finished the day down 165 points at 10,293.  The NASDAQ closed down 61 at 1996.  AOL members, don't miss Bruce Mushial, our Senior Technical Analyst tomorrow at 4:30pm on AOL Market Talk.  For 30 minutes he will answer questions about the market and give his opinion on stocks submitted by the audience.  

Tuesday  August 7, 2001

The markets were sluggish ahead of the earnings report from Cisco Systems expected after the close.  The preliminary productivity data released before the open was stronger than expected and turned the pre-market futures into positive territory.  The indices were briefly positive early in the morning and then spent the rest of the morning in negative territory.  The Dow moved into positive territory in the afternoon  leaving the NASDAQ in the red.  Both markets showed a little strength in the last hour, but nothing to write home about.  Trading volume was again only light to moderate.  On the NYSE there were 153 new highs and 25 new lows, while on the NASDAQ there were 98 new highs and 66 new lows.  The Dow finished the day up 57 points at 10,458.  The NASDAQ closed down 6 points at 2027.  

Monday  August 6, 2001

The markets spent the bulk of the day in negative territory.  Two major brokerage firms slashed their earnings on Intel, sending tech issues lower.  The markets were also hesitant ahead of Cisco's earnings report expected Tuesday after the bell.  Trading volume was one of the lowest of the year with only 816 million shares trading on the NYSE and 1.1 billion shares on the NASDAQ.  On the NYSE there were 132 new highs and 23 new lows, while on the NASDAQ there were 109 new highs and 62 new lows.  The Dow closed down 111 points at 10,401.  The NASDAQ finished the day down 32 points at 2034.  Tomorrow watch for our weekly short-term research report.  If you're not a current subscriber call a rep at 1-800-506-0249 to sign up for a trial subscription.

Friday  August 3, 2001

Today the markets pulled back after strong gains during the week. The July Unemployment Report released this morning showed a 4.5% unemployment rate, coming in better than the 4.7% expected, but the report couldn't move the markets higher.  Most markets moved slowly lower for much of the day.  Oil and oil service stocks moved lower as the price of crude oil declined.  Trading volume was moderately light with approx. 900 million shares trading on the NYSE and just over 1.2 billion shares on the NASDAQ.  On the NYSE there were 138 new highs and 25 new lows, while on the NASDAQ there were 114 new highs and 61 new lows.  The Dow finished the day down 38 points at 10,512.  The NASDAQ closed down 21 at 2066.       

Thursday  August 2, 2001

The markets were strong for the first half of the day and then profit takers came in to deflate the day's gains, but buyers moved stocks back up during the last hour.  The pre-market futures were very strong prior to the open.  The markets were lifted by comments from the CEO of Intel saying the computer markets have bottomed, and by the Bank of England lowering interest rates 25 basis points.  Our recent pick Walgreens (WAG) reported same store sales up 15%.  WAG was up $2.22 closing at $35.57, and was the Stock of the Day on CNBC.  Xybernaut, our recent Mad Money pick landed a contract with Bell Canada for 300 wearable computers.  Bell Canada said the units would save workers an hour a day.  On the NYSE there were 143 new highs and 43 new lows, while on the NASDAQ there were 132 new highs and 32 new lows.  The Dow finished the day up 41 points at 10,551.  The NASDAQ closed the day up 18 at 2087.     

Wednesday  August 1, 2001

Today investors sold the blue chips and bought the tech stocks.  Tech stocks were bolstered by a Merrill Lynch upgrade of many of the semiconductor stocks.   This morning  the National Association of Purchasing Managers index came in lower than the June number, and was in a range signifying that the manufacturing sector is still in an economic contraction.  The Dow was up almost 70 points intra-day but the gains didn't hold.  The NASDAQ traded in only a 33 point daily range.  Today on the NYSE there were 133 new highs and 25 new lows, while on the NASDAQ there were 139 new highs and 79 new lows.   The Dow finished the day down 12 points at 10,510.  The NASDAQ was up 41 points at 2068.   AOL members, don't miss Bruce Mushial, our Senior Technical Analyst tomorrow at 4:30pm on AOL Market Talk.  For 30 minutes he will answer questions about the market and give his opinion on stocks submitted by the audience.  

Today we guided our clients out of Micron (MU) with a nice 14.9% gain in just 14 days.

Tuesday  July 31, 2001

Investors looked between the lines of weak economic data reported this morning and ran stocks higher.  Consumer confidence was down slightly and Purchasing Manager data came in weaker than expected, but investors decided to go bargain hunting anyway.  Some pundits thought the sharply lower Purchasing Manager report may signal a market bottom and ignited a buying spree.  Most recent market rallies have only held for a couple of days.  Trading volume was moderate.  On the NYSE there were 163 new highs and 26 new lows, while on the NASDAQ there were 175 new highs and 116 new lows.  The Dow finished the day up 121 points at 10,522.  The NASDAQ closed up 9 points at 2027.  Tomorrow don't miss Peter Iuvara, our Senior Equities Analyst, live on Yahoo Finance Vision.  He will provide commentary on the market at 12:45pm ET.         

Monday  July 30, 2001

Today the markets began in positive territory only to worsen as the day went on, closing near the lows of the day.  There was no economic data today to help or hinder the markets, but tomorrow morning we will get information on Personal Income, Purchasing Manager Spending, and Consumer Confidence.  The Dow finished the day down 14 points at 10,401.  The NASDAQ closed down 11 points at.2017.  This morning if you were listening to National Public Radio or watching "Good Day New York" you would have seen Stock Traders Press Founder and CEO Christopher Castaldo.  Mr. Castaldo is becoming a frequent market commentator on national and New York City media.