InTheMoneyStocks'  Instablog

Send Message
  • Is IBM Showing Wider Market Problems? 0 comments
    Feb 6, 2013 12:45 PM

    Yesterday, the markets surged higher, gaining almost 1% across the board. While the markets were strong, International Business Machines Corp. (NYSE:IBM) fell. Today again, the market is flat to positive but IBM is trading at $200.84, -1.10 (-0.54%). So why is IBM falling when the market is so strong? Is it speaking to a wider issue in the market?

    Just two weeks ago, IBM reported solid earnings. The stock jumped from $194.47 to a high of 208.58. Since that point, it has given back over 50% of those gains. Is it possible the global presence of IBM is showing us major problems still in Europe and China? As a general rule, watch the leaders in the Dow Jones Industrial Average like IBM as well as JPMorgan Chase & Co. (NYSE:JPM). Also watch the leaders in the S&P 500 and the NASDAQ. They will show the weakness prior to the market pulling back.

    Gareth Soloway

Back To InTheMoneyStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Gareth had members buy $ICLD yesterday at $2.65. Today he sold at $3.35. 26% profit in a day. The chart told everything, learn to read them!
    Jun 3, 2015
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.