Intro by Ilene

After reading Lee's article, I asked him, "Why is it the Fed's job to be propping up the stock market? Doesn't it make the whole market a Fed-controlled game, rather than what it started as - a mechanism for companies to raise money and people to invest in public companies?" Read more about Durable Goods and The Stock Market, with The Fed In The Driver's Seat

ilene / Tag: / 0 Comments

Despite Wednesday’s stock market weakness, selling remains contained. Round-number resistance-turned-support levels at 13,000 on the Dow, 3000 on the Nasdaq, and 1400 on the S&P 500 have held up. The S&P was the last to breakout and the first to test support. In fact, it has been testing support at 1400 almost every day since it broke out two weeks ago. Read more about Sector Detector: 1999 redux?

smartindale / Tag: AAPL, ACFN, ETF, IDU, IYC, IYE, IYH, IYI, IYJ, IYK, IYM, iyw, IYZ, linkedin, PACW, sectors, SPY, VIX, ZION / 0 Comments

“People who say they don't care what people think are usually desperate to have people think they don't care what people think.” --– George Carlin

Way back in the day, oh, somewhere around May of 2010, a reputed “fat finger” leaned a bit too heavily on the sell button, and traders went all bug-eyed as they watched billions of dollars in market value evaporate into the void of cyberspace in what seemed like a heartbeat. Read more about ETF Periscope: Why BATS is a Black Swan Precursor and VIX a Strong Antidote

daniel / Tag: BATS, DJIA, NASDAQ, NYSE, SPX, VIX. AAPL Eurozone / 0 Comments

Technology led today’s robust rally as the dollar continued to weaken. Financials, especially banks, remained strong the first three days of last week then fell to profit-taking on the final two days, ending down a little more than -0.5% for the week.  Today, that sector regained all of that loss and advanced an extra 25 basis points to reach near multi-year highs, although it is still more than 50% off its early 2007 high. Read more about What the Market Wants: Good Start to a New Week

david / Tag: acn, DFS, DISCA, DKS, FDX, NKE, ORCL, TIF, VLO, VXX / 0 Comments

After last week’s technical breakout on elevated volume, stocks have flattened and trading volume has waned as investors seem to be waiting to see whether there will be a pullback to test new support levels and the bulls’ conviction. I think the bulls are plenty convicted—not conflicted. Read more about Sector Detector: Awaiting the next catalyst

smartindale / Tag: AAPL, BAC, DUSA, ETF, HALO, IDU, IYC, IYE, IYH, IYI, IYJ, IYK, IYM, iyw, IYZ, JPM, linkedin, sectors, SPY, TIBX, USB, VIX, VMW, WFC / 0 Comments

“It's not wise to violate rules until you know how to observe them.” -- T.S. Elliot

For the majority of 2012, the market has been acting like a fairly reasonable creature, as opposed to the nervous and jittery beast that dominated Wall Street for the second half of 2011. Read more about ETF Periscope: Low-Level “Fear Gauge” Makes VXX A Sweet Pairs Partner

daniel / Tag: DJIA, EU, LTFO, SPX, VIX, VXX Eurozone, XHB / 0 Comments

Banks Fairly Valued and Contributing to Market Strength

Continuing last week’s strength, Financials and Technology led the market again today. Banks were up nearly +2% intraday, although they lost some of their steam when put-option trades in Financial ETFs reached 4-month highs.  Last week, they roared ahead +7%, and they are now up more than +20% year-to-date. Read more about What the Market Wants: Banks Fairly Valued and Contributing to Market Strength

david / Tag: AGO, AMP, CMI, RGA / 0 Comments

Shot through the heart

And you’re to blame, darling

You give love a bad name

An angel’s smile is what you sell

You promise me heaven and then put me through hell

Chains of love, got a hold on me

When passion’s a prison you can’t break free

You’re a loaded gun, yeah

There’s nowhere to run

No one can save me, the damage is done Read more about Dark Horse Traders' Hedge: JCOM Gives Stocks a Bad Name, New Buy/Write Option Positions

sbrown / Tag: Bon Jovi, FCX, JBL, JCOM, LDK, rdwr, STX, VCI, WDC, WNR, XRTX / 0 Comments

Sabrient's own Daniel Sckolnik was quoted in an Institutional Investor article yesterday titled, Time to Buy VIX ETFs?. Read more about Daniel Sckolnik Quoted on VIX ETFs in Institutional Investor

walter / Tag: S&P 500, VIX, VXX, VXZ / 0 Comments

Today's online edition of Barrons' Focus on Funds featured a "pile" of Sabrient ETF plays on the Banking sector. Read more about Sabrient Systems' "Number Crunching" favored by Barrons

walter / Tag: / 0 Comments

“The fear of death follows from the fear of life. A man who lives fully is prepared to die at any time. -- Mark Twain Read more about ETF Periscope: Fed Unlikely to Go Bold, Content to Leave Drama to the Greeks

daniel / Tag: BERNANKE, COMP Eurozone, DJIA, FED, FOMC, SPX / 0 Comments

This Could be THE Week

The S&P 500 really cut it close today.  Much like last Friday’s measly comeback for +0.1% gain for the week, it gained +0.22 points, up a whopping +0.016%. Read more about What The Market Wants: This Could be THE Week

david / Tag: AAPL, CHMT, FL, GE, IPG, S&P 500, WNR / 0 Comments

Be Patient

Editor’s note: Walt Gault is the guest author this week. David Brown will be back next week.

Today, stocks traded lower for their third straight session. The markets were down on news that China had cut its 2012 growth forecast to an eight-year low of 7.5%. Factory orders came in better-than-expected, albeit -1%, versus the expected -1.6%. Read more about What the Market Wants: Be Patient

walter / Tag: DAN, EZPW, GTE, IEP / 0 Comments

“Get your facts first, then you can distort them as you please.” -- Mark Twain

A lot has happened since the Dow Jones Industrial Average (DJIA) last hovered above the 13,000 level. Bush the Younger was still holding court. Buying a house seemed like an expensive but riskless proposition. Gas was considered radically expensive at $3 a gallon. Facebook had a mere 100 million users. Read more about ETF Periscope: Wall Street Flirts with 13,000, But Long-Term Relationship Remains Uncertain

daniel / Tag: COMP Eurozone, DJIA, EU Summit, SPX / 0 Comments

I’m not a perfect person

There’s many things I wish I didn’t do

But I continue learning

I never meant to do those things to you

And so I have to say before I go

That I just want you to know

I’ve found a reason for me

To change who I used to be

A reason to start over new

And the reason is you Read more about Dark Horse Traders' Hedge: HUSA Provides The Reason to Take Profits, Option Review for March

sbrown / Tag: HUSA, JBL, LDK, rdwr, WNR, XRTX / 0 Comments

One of Sabrient's 13 shorts in its Investor's Hedge Portfolio, Houston American Energy Corporation (HUSA), fell over -35% today on news that conditions at one of its major wells didn't allow for sufficient testing. As a result, the company says it will be forced to plug the well and evaluate other formations.

Sabrient shorted HUSA on January 27, 2012 at $12.75. It now trades at $6.88 giving us a +46% gain on our position! Read more about Sabrient Short HUSA falls -35%!

walter / Tag: HUSA / 0 Comments