Did you see Twitter (TWTR) today?

Market Recap For Tuesday, May 6th 2014

Stocks opened lower and remained in negative territory for the remainder of the session. At the end of the day the S&P was 17 points lower and the DOW had triple digit losses, down -130 points.

You can’t blame earnings…U.S. markets were lower in spite of earnings that continue to beat analyst expectations. According to Bloomberg, 400 of the S&P 500 stocks have reported earnings.

Of the 400 companies that have reported, 75% have beaten estimates and 52% have exceeded revenue projections.

Markets To Watch

Markets To Watch

Twitter (TWTR) was a big mover today, down -17.81%! The decline in the stock was attributed to the end of the lock-up period, a period when company insiders are unable to sell TWTR stock. With the lock-up period over, the amount of stock available for trading has essentially quadrupled.

With today’s move lower TWTR has lost 50% of its value this year.

PIC TWTR20140506 - Did you see Twitter (TWTR) today?

This Week’s Economic Calendar

This Week’s Economic Calendar

Real Time Economic Calendar provided by Investing.com.

Power Crossover Signals

Power Crossover Signals

2014 05 06 Power Crossover Positions - Did you see Twitter (TWTR) today?

The signals above are derived based on the rules of our Power Crossover Method.

Rockwell Trading Club - DVD 27: Power Crossover Strategy

Click here if you would like to learn more about the Power Crossover Method.

No representation is being made that any account will or is likely to achieve profits or losses similar to those shown above. The past performance of any trading system or methodology is not necessarily indicative of future results. Have a great trading week!

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