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The Daily Churn
Thoughts on the Market...
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9/7/17:
It's been a while since I posted as several things have gone on. Check out our new home at https://www.discountblaze.com/trading and be on the lookout for much more frequent posts from now on.
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7/27/17:
I plan to greatly expand this site with several articles, daily commentary and actionable trade set-ups (Swing and Intraday). Over time, I would like this site to be a free resource of great information to all traders.
First things first, I'm starting a little fundraiser to help get the ball rolling as my first goal is to make this site more professional by getting it's own domain. Since I am spending a lot of my own time here I would like to ask if anyone feels that this information is helpful to please make a small donation. All donations will go to site updates, for example, the initial goal is to pay for the domain name and web host.
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7/26/17:
All Commentary now appears in the "Market Updates" tab and are categorized as individual blog posts.
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7/25/17 (pm):
An all-time closing high on the SPX, it's an unstoppable beast, or is it? The candle stick on the daily is a doji before the FOMC minutes tomorrow. Seems ripe for a pullback since it's been pretty much straight up for 2 1/2 weeks now; we'll have much more clarity after tomorrow (with Facebook earnings to boot).
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Update: Check the "Stocks" tab for more extensive updated commentary on the Market.
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7/25/17 (am):
After making another all-time high yesterday, the Nasdaq started to pullback a bit after Google (GOOGL) posted earnings. While the numbers weren't bad, the Cost Per Click rate (for ad revenue) continues to go down, which has investors on edge.
Seagate (STX) also posted a big miss that sent the stock down under 32 at one point this morning from a close at 39.76 prior to earnings.
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