Wednesday, March 5, 2014

Midday Report 3-5-2014: Largest Stock Moves, New 52wk Highs/Lows in S&P500, Unusual Option Volume

Fear the dragon: China could be next global headwind
Source: Yahoo Finance!, written by Kevin Chupka

While the Russia / Ukraine conflict is far from over it has at least stabilized and that seems to have calmed markets. But not so fast. Here comes China...again. The Wall Street Journal is reporting that Chinese leaders are concerned they won’t hit their economic growth target of 7.5%. Add to that the issue of Shanghai Chaori Solar Energy Science and Technology Company. They have announced they will be unable to pay 89.8 million renminbi worth of interest on their 1 billion renminbi bond due this Friday. It marks the first time a Chinese company will default on its debt.

So is the sky falling or is this just what we’ve come to expect out of China?

Stock Gainers

Stock Losers

Intraday New 52 Wk Highs in S&P 500

Intraday New 52 Wk Lows in S&P 500
No new lows

Unusual Option Volume

This is trade analysis, not a recommendation.

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