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Dow Jones Industrials

With remarkable consistency, oil stocks continue to do great on the stock market. Even though spot oil seems to be stuck below $100.00 a barrel, gasoline prices have been going up for the last month, as U.S. refiners use January and February for maintenance shutdowns. Any way you…

The stock market’s recent breakout has legs, and there’s more optimism for the economy and corporate earnings this year. The stock market had a very strong start to the year, with the Dow Jones Industrials leading the way. Transportation stocks have turned strong, and the NASDAQ Composite is…

The Dow Jones Industrials gave up most of their gains this year in the recent stock market selloff; given current fundamentals, this market is oversold. Strife in the Middle East definitely affected investor sentiment last week, but the market is now betting that U.S. policymakers will address the…

The S&P 500 is up against a bit of a wall and has to convincingly break 1,465 again, which it achieved in mid-September, in order to accelerate. A lot of corporate earnings have been decent, but quite a few are reporting light visibility for the fourth quarter, and…

Automatic Data Processing, Inc. (NASDAQ/ADP) is one of those blue chips that have a good thing going with their private sector U.S. jobs reports. The stock market moves on the news, and so does Automatic Data Processing (ADP). According to ADP’s National Employment Report, the nonfarm private sector…

Even though the Dow Jones Industrials just hit their best level since 2007, the Dow Jones Transportation Index began to appreciate with the other major indices only in the last week—and this is with buoyant oil prices. It all leads me to believe that the stock market is…

The stock market is on the third leg of a repeating pattern that began about three years ago. The spectacular stock market decline that began in 2008 hit a bottom in March 2009, and then promptly recovered. July 2009 saw a significant recovery in share prices, followed by…

Stock market breadth isn’t that strong, and what’s worrisome from my perspective is the non-confirmation from the Dow Jones Transportation Index. One stock market leader that I always follow is Union Pacific Corporation (NYSE/UNP), which is a railroad stock that just hit an all-time record high on the…

Following a weak second quarter, the Dow Jones Industrial and S&P 500 indices are now in positive territory for the first time since the end of the first quarter on the backs of a positive July and August. So far, August has proven strong for technology, growth, and…

It is summertime, and you expect the trading action in the stock market to be subdued, but there’s a big divergence taking place, and it isn’t good. The Dow Jones Transportation Index is not confirming the primary trend of the Dow Jones Industrials or the S&P 500 Index.…

The stock market is ticking higher in the face of continued weak economic news, and it’s mostly due to the good corporate profits we’re getting. For the most part, we’re so far seeing good corporate profits, because expectations were already reduced. Some companies are slightly reducing their outlooks…

Alcoa, Inc. (NYSE/AA) will be the first Dow Jones Industrials stock to report in the second-quarter earnings season, as it kicks off with its results on July 9. The company is one of the world’s top aluminum makers and a good indicator for the global economy, as the…

My gut tells me that the stock market will soon come to a head in terms of its direction. The stock market is looking for a new catalyst and, whatever that is; share prices will advance or retreat. We’re at the beginning of the lull between earnings seasons…

Alcoa, Inc. (NYSE/AA) is traditionally the first Dow Jones Industrials stock to report in earnings season. The company is one of the world’s top aluminum makers and hence is a good indicator for the global economies, as the metal is used in many industrial applications, including aircraft, automobiles,…

The first quarter was great for stocks. April on the other hand has not been kind to stocks so far, but it’s early. The question is: are stocks pausing and then moving higher or lower? Is this a sucker’s rally? The bull market is into its fourth year…

There is plenty of rejoicing on Wall Street as traders celebrate the third anniversary of the beginning of the current bull market rally with heavy buying on Tuesday. The Dow Jones Industrials surged 218 points to above the stubborn 13,000-point level, while the NASDAQ blew above 3,000 with…

It’s that time of the year…investors want to know where the stock market is headed in 2012. And I don’t blame them for their anticipation. It’s been three great years for stocks; what will we see next year? In classic bear market style, the rally in stocks we…