Scott MartindaleSabrient’s SectorCast-ETF rankings are holding mostly steady; however, the continued fall in Consumer Discretionary against the other sector ETFs has suggested near-term weakness ahead for the markets – which has definitely played out since the minor top on June 21. Read more about Sector Detector: Consumer Discretionary Falls Further in Rankings

smartindale / Tag: absolute-return, ETF, iyw, IYZ, long/short, sector, stock-strategies, stock-trading, xlv, xly / 0 Comments

We began the month of June with the S&P 500 at 1089. Today, it closed at 1074, leaving just two more days to gain the lost ground and turn the month positive.  The Summer Solstice on June 21 marked the high point for the month, with an intraday high of 1131 and its sights set on the 50-day moving average above. What a difference a week makes. Read more about What the Market Wants: Bears Dance at the Solstice

david / Tag: EBIX, GLT, MILL, PRX, sectors / 0 Comments

Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.”  ~ Sun Tzu

It is not uncommon to hear that nothing quite compares with the mad frenzy that is World Cup soccer. Nothing, perhaps, except for Wall Street, where degrees of both frenzy and madness can be as common as yellow cards dished out in the course of a fever-pitch match. Read more about ETF Periscope: World Cup Meets Wall Street

daniel / Tag: BAC, BP, C, GS, IAI, IWP, JPM, QTEC / 0 Comments

Scott MartindaleAlthough Sabrient’s SectorCast-ETF rankings have not changed dramatically, there are some definite signs of a more conservative bent evolving. And there seems to be good reason for it. After carefully scaling the proverbial wall of worry last week, this week saw the market lose the important technical support levels that it had fought so hard to reclaim. Read more about Sector Detector: Expecting Continued Strength in InfoTech, Weakness in Materials

smartindale / Tag: absolute-return, ETF, iyw, IYZ, long/short, sector, stock-strategies, stock-trading, XLB, xlv / 0 Comments

Last week was a good week for the market from a technical standpoint, with the S&P 500 moving ahead about 2% and pushing through two important layers of resistance.  It broke above its 200-day moving average, which had been providing stiff resistance for weeks, and also broke through even stronger resistance at the 1114 level. Read more about WHAT THE MARKET WANTS: Wall Street Yawns at the Floating Yuan

david / Tag: ALXN SYNA, BKI, China, PTR, sectors, Yuan / 0 Comments

Weekend Thoughts

Weekend Thoughts

By Phil Davis of Phil's Stock World

We don’t care IF the game is rigged, as long as we know HOW it is rigged so we can place our bets accordingly. - Phil

“Whenever you find yourself on the side of the majority, it is time to pause and reflect." ~ Mark Twain

There’s a lot to like about gold at the moment. Read more about ETF Periscope: Gold Tops and Crude Remarks

daniel / Tag: ETFs, gold, IAI, IWP, QTEC, RYJ / 0 Comments

“The ultimate authority must always rest with the individual's own reason and critical analysis.” ~ Dali Lama

Last week, British Petroleum’s press coverage got ramped up considerably, supplanting the European Union’s sovereign debt crisis as the focus of the financial press. Euro debt swapped out for oil slicks, in a manner of speaking. Read more about ETF Periscope: Devil and the Deep Crude Sea

daniel / Tag: ETF, exchange-traded-funds, IAI, IWP, QTEC, RYJ / 0 Comments

Scott MartindaleThe stock market is searching for direction, testing support and resistance levels each week. After threatening a waterfall decline last week, it instead found support and has rallied strongly. Today, the S&P 500 and Dow Jones Industrials joined the Nasdaq 100 and Russell 2000 by rising above the important 200-day moving average. Read more about Sector Detector: InfoTech Holds Lock on Top Ranking

smartindale / Tag: absolute-return, ETF, iyw, IYZ, long/short, sector, stock-strategies, stock-trading, XLF, XLP / 0 Comments

Since August 2009, with the exception of roughly nine weeks, the S&P 500 has stayed between strong support at 1040 and strong resistance at 1114, and it has been trapped in that range once again for the past month. Earlier today it was close again to testing resistance at 1114, but alas, it failed to break through and dropped back to 1089. Read more about WHAT THE MARKET WANTS: Support Holds -- But So Does Resistance

david / Tag: / 0 Comments

Here in Santa Barbara, where Sabrient is headquartered, "June Gloom" is that time of year when the marine layer and murky fog last until about noon every day before the sun finally burns its way through. The market seems to be enveloped in a similar gloom, and at this point we don't know when the sun might come out to chase it away. Read more about WHAT THE MARKET WANTS: June Gloom Envelopes Market

david / Tag: AAP, FMX, HTS, MHS, sectors / 0 Comments

“If all the economists were laid end to end, they'd never reach a conclusion.”     ~ George Bernard Shaw

Read more about ETF Periscope: Bulls, Bears and Porcupines

daniel / Tag: AIA, ETFs, exchange-traded-funds, IWP, iyw, KIE, PIIGS / 0 Comments

We enter a new month this week mired in a persistent global malaise.  The weekend increase in Israeli-Palestinian tension doesn’t help, nor does the continued inability of BP to deal with the largest oil spill in history.  Economic news this morning was positive but without sufficient importance to do much more than soften the opening gap down. Read more about WHAT THE MARKET WANTS: Stock Market Hindered by Global Ills

david / Tag: AFL, ENDP, LZ, NEM, sectors / 0 Comments