Read Larry Connors' blog – Short Term Trading Strategies
Markets rally on flurry of M&A activity. Crude oil futures move up by 0.8% to $59.60.
Friday's market action created 10 day intraday lows on both the S&P 500 index and Nasdaq Composite index (explanations below). These are bullish signals and are part of our contrarian indicator list. It will be interesting to see if we get more bullish signals this week (click here for more info).
XM Satellite (XMSR | Quote | Chart | News | PowerRating) Q3 Loss Narrows, Revenue Up 57% (full story). XMSR shares rise by over 16%.
Four Seasons (FS | Quote | Chart | News | PowerRating) Receives US$3.7 Bln Buyout Offer From CEO-led Investor Group (full story). FS shares jump nearly 30%.
OSI Restaurant Partners (OSI | Quote | Chart | News | PowerRating) To Be Acquired By Investor Group For $40 Per Share In Cash (full story). OSI shares soar by over 23%.
Avnet (AVT | Quote | Chart | News | PowerRating) To Buy GE's (GE | Quote | Chart | News | PowerRating) Business Unit For $425 Mln (full story). AVT shares trade fractionally higher. GE shares rise by 1.4%.
Abbott (ABT | Quote | Chart | News | PowerRating) To Buy Kos Pharma (KOSP | Quote | Chart | News | PowerRating) For $3.7 Bln Cash (full story). ABT shares trade fractionally lower, while KOSP shares soar by over 50%.
AES (AES | Quote | Chart | News | PowerRating) Slips To Loss In Q3 On Charges; Adj. EPS Up On Higher Revenues; Lifts FY06 Adj. EPS View (full story). AES shares rise by 2.7%.
For more stories as they happen, go to our Breaking News section.
|
Dow |
+91.17 |
12,077.21 |
|
NASDAQ |
+29.51 |
2,360.30 |
|
S&P 500 |
+11.80 | 1,376.13 |
|
NYSE |
NASDAQ | |
|
Volume |
1,027,760,000 |
846,335,000 |
|
Advances |
2248 |
1909 |
|
Declines |
796 |
949 |
|
Up Volume |
158 |
130 |
|
Down Volume |
188 |
138 |
|
New Hi's |
132 |
103 |
|
New Lo's |
13 |
37 |
|
Strongest Sectors |
Weakest Sectors |
|
Amex Airline Index (XAL) |
Amex Natural Gas Index (XNG) |
| Nasdaq Transportation Index (TRANX) | PHLX Utilities Index (UTY) |
| Amex Networking Index (NWX) | PHLX Oil Services Sector Index (OSX) |
No economic reports released today.
Darren Wong
darrenw@tradingmarkets.com
Use our most popular trading tool to find out how your stocks will move in the next 5 days.
10 Day Low Alert-This alert occurs when the market has made a 10 day low intra-day. It occurs after much selling has occurred and the market is many times oversold. When the market is above its 200 day ma, its been an opportune time to be entering long positions. When its below its 200 day, it's a good place to begin locking in profits on the short side.
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
