“No Man’s Land”  is a term that grew in importance in the course of WWI.  It identifies a land between parties, which neither party will occupy because of fear or uncertainty.

No Man’s Land in our mind applies from time to time in the stock market when stocks do not have unequivocal support of buyers, nor have either sellers or shorts (investors who borrow shares and sell them high, in the hopes of buying them back lower) together been able to collectively assemble to bring about lower prices.  For chess players, the word “stale-mate” comes to mind.

That’s where we stand with the stock market today = No Man’s Land.  For us, this isn’t a problem as long as prices remain stable and clear INDIVIDUAL growth opportunities present themselves. 

Today sellers punished IBM and Texas Instruments as both companies failed to inspire investors concerning gross revenues.  The companies are well run, excellent businesses, but that’s not enough to drive share prices higher.

Buyers however emerged for the broader market to push the market into a positive close. 

After the close, Apple Inc. announced earnings that were nothing but excellent.  The stock of Apple Inc. (Ticker: AAPL) advanced +$10/share after the close, but has not picked up further momentum as of yet.  Please review the details of Apple’s earnings here.

 

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Please remember – at the Stock Market Companion we do not and cannot give individual investment advice. According to the State of Washington RCW 21.20.005 the Stock Market Companion is not a Registered Financial Advisor and we do not render any advice on the basis of the specific investment situation of a particular individual. This information is for a wide readership and is not intended for any particular individual,  and under no circumstances should our SMC Intraday Update, SMC 15MinuteStocks Market Update or Watchlist be considered an investment recommendation or plan for any specific individual.  By accessing this material, you agree that the Stock Market Companion will not be held liable for any actions taken by a subscriber or other parties.  Please seek the council of a broker or other licensed investment professional for accurate pricing and concerning the suitability of all investments that you may be considering. Disclosure : Please understand that the Stock Market Companion may hold positions in the above mentioned securities.  Based on market related or personal events these positions may change without notice.

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