So far the market has been experiencing a good rally. The Dow is up 114 points. NASDAQ is up 12. S&P 500 is up 10. Things are looking good so far.
I’m going to be jotting down some notes about Day Trading, which is something I am not doing right now. If anything, I’ve either been Swing Trading, Position Trading or Investing for the long run and growth.
11:10am – 3 days until “G Day”, the Greek Elections. Of course, the outcome might affect the stock market either negatively or positively. Unemployment rate is Greece is 22%.
11:12am – Germany might soften its stance regarding the Euro Bailouts. Nokia is planning to cut 10,000 jobs.
11:15am – Telecom, Energy and Healthcare lead today’s rally.
11:29am – In Commodity News…. Bacon Sundae: Perfect Combo?
No new Taco Bell in Bethel, Alaska! Residents had their hopes up.
Day trading refers to the practice of buying and selling financial instruments within the same trading day such that all positions are usually closed before the market close for the trading day. Traders who participate in day trading are called active traders or day traders. —Wikipedia
When people use the term “day trading”, they mean the act of buying and selling a stock within the same day. Day traders seek to make profits by leveraging large amounts of capital to take advantage of small price movements in highly liquid stocks or indexes. —Investopedia
Day traders rapidly buy and sell stocks throughout the day in the hope that their stocks will continue climbing or falling in value for the seconds to minutes they own the stock, allowing them to lock in quick profits. Day trading is extremely risky and can result in substantial financial losses in a very short period of time.
If you are a day trader, or are thinking about day trading, read our publication, Day Trading: Your Dollars at Risk. We also have warnings and tips about online trading and day trading. For more information on day trading and the related FINRA margin rules, please read the SEC staff’s investor bulletin “Margin Rules for Day Trading.” —U.S. Securities and Exchange Commission
11:49am – Is Tiger Woods back? And how will that affect Nike stock?
The Dow falls under +100 points as we head toward the final hour of today’s trading.
12:01pm – We are well off the highs of the trading session. A pretty good rally earlier this morning, but now losing steam and the NASDAQ just fell into the red.
12:05pm – And NASDAQ is back in the green for now. The Dow has gone up again to 111 pts.
12:15pm – A Reuters report from Europe mentioned a possible coordinated action to provide more liquidity for the bank bailouts.
The Dow jumped up 80 pts possibly due to the report. Things quickly jumped but now are settling. Dow +187, NASDAQ +19, S&P500 +18, NYSE +88.
12:22pm – The Dow is coming down in this last hour at +118. Another volatile market day, and another last hour in which the market plunges a bit from its highs of the session.
12:35pm – Stocks have been consistently volatile in the final hour. The Dow is up +148.
Article: Day Trading Strategies for Beginners
12:47pm – Reuters reports. Bank of England to take coordinated action to protect UK from Europe Crisis.
12:50pm – Lots of clapping on Wall St. It’s the Army’s 237th birthday today and Army’s top general will ring the closing bell in 10 minutes. Clapping might’ve also been for good news coming from Europe.
12:56pm – Utilities in highest levels since 2008.
12:58pm – Advice: Invest in quality companies that provide dividends for the long term. Active traders are taking advantage of the volatility to gain in the stock market.
1:00pm – The Dow finishes +150. Have a good day everyone. I’m out.