An expert-driven approach to trading

Follow a stream-lined approach to Contrarian trading where expertise guides you through a graduated learning program. Select pre-screened opportunities that support a complete entry and exit strategy and also track your orders to target with recommended adjustments based on current market sentiment. If you are interested in finding out more about this successful approach to trading and how to become part of this community, please email me direct at randystradingdesk@gmail.com

Monday, January 7, 2013

January 07, 2013-Stocks Close Lower on Earnings Uncertainty

Stocks saw moderate weakness during trading on Monday, giving back some ground after moving sharply higher last week. Selling pressure was relatively subdued, however, and the markets held on to the bulk of their recent gains. The major averages ended the day in negative territory but well off their lows for the session. The Dow fell 50.92 points or 0.4 percent to 13,384.29, the Nasdaq edged down 2.84 points or 0.1 percent to 3,098.81 and the S&P 500 dipped 4.58 points or 0.3 percent to 1,461.89. The weakness on Wall Street came as traders cashed in on the recent strength in the markets, with the major averages pulling back after posting substantial gains last week on news of the fiscal cliff deal. Last week's strong gains lifted the S&P 500 to its best closing level since late December of 2007, while the Dow ended last Friday's trading at a two-month closing high. Uncertainty about the upcoming earnings season also weighed on investor sentiment, with aluminum giant Alcoa (AA) due to release its quarterly results after the close of trading on Tuesday. The release of Alcoa's results is seen as the unofficial start of the quarterly earnings season.

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Delivering Consistent Returns



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Remember, this is my specialty and a full-time focus as we continue to deliver a graduated learning program to an elite trading community.

randystradingdesk@gmail.com

Successful Trading requires:
1. Following a set of proven disciplines
2. Building confidence that removes emotion
3. Patience know "when to hold em and when to fold em"
4. Continuous Learning

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