Scott MartindaleAs we head into the homestretch of summer and the Labor Day holiday weekend, investors are anxious to see if next week brings elevated volume and the reinforcements to help the bulls break out. However, there’s no doubt that the bears are lurking in the wings to drive stocks down hard, given the right scenario. Read more about Sector Detector: Bulls await post-holiday reinforcements

smartindale / Tag: ETF, sectors, iShares, iyw, IYK, IYF, IYH, IYJ, IYC, IYE, IYM, IYZ, IDU, SPY, VIX, WHR, IT / 0 Comments

All the right people will be at Jackson Hole late this week conversing about economic stimuli.  Chairman Bernanke will speak Friday, and Mr. Draghi will be on a panel Saturday morning.  But if I were a betting man, and I am, I would bet against any major announcements at the conference.  Most feel that Bernanke will await the various economic releases in September before making a final decision, and Mr. Read more about What the Market Wants: Jackson Hole Won't be the Right Time and Place

david / Tag: UAL, SYMC, CHMT, TXI / 0 Comments

All things are subject to interpretation; whichever interpretation prevails at a given time is a function of power and not truth.” -- Friedrich Nietzsche

Expect the market to bounce around sideways until Friday, as Wall Street waits on the top acts to perform at this week’s annual Jackson Hole summit. After that, investors might come away with a clearer picture as to the health, or lack of it, of the current uptrend. Read more about ETF Periscope: Wall Street Awaits the Bernanke & Draghi Show Live From Jackson Hole

daniel / Tag: DJIA, SPX, VIX, BERNANKE, Draghi, Weidmann, Eurozone, QE3, FED, ECB / 0 Comments

Scott MartindaleVolume has elevated somewhat this week, as Wednesday saw more trading volume than we have seen since the beginning of the month—likely due to the release of the FOMC minutes (both in anticipation and aftermath). In any case, equity holders have been loath to sell. Mild intraday weakness continues to be met with buying. Read more about Sector Detector: VIX languishes as stocks fight resistance

smartindale / Tag: AMGN, AOL, AKAM, CYNO, iyw, IYH, IYF, IYJ, IYC, IDU, IYK, IYE, IYM, IYZ, ETF, iShares, sectors, VIX, SPY, CVH, NVDA, DISH / 0 Comments

Decision Points

Here’s this week’s MarketShadows Newsletter, featuring thoughts on the market by a number of chartists including Allan Harris, Springheel Jack, Chris Vermeulen and JW Jones.  Lots of charts this week.
And the usual dose of negativity… Read more about Decision Points

ilene / Tag: / 0 Comments

Last week went very much as expected with the S&P 500 inching along again: It was slightly down Monday and Tuesday and then slightly up each of the last three days to end the week up +1.00%. Read more about What the Market Wants: Summer Continues to Wind Down

david / Tag: SMP, DXPE, OIS, TEN / 0 Comments

Only two things are infinite, the universe and human stupidity, and I'm not sure about the former. “  -- Albert  Einstein

In spite of the rather nice ride the stock market has had these last six weeks, it might be a mistake to assume it will last once September rolls around, when a series of domestic and macroeconomic factors come into play. Read more about ETF Periscope: Low VIX Levels Should Be High On Your Hedge List

daniel / Tag: DJIA, VXX, Eurozone, ECB, Draghi, Merkel, FED, BERNANKE / 0 Comments

Scott MartindaleWe’re coming down to the final sleepy weeks of a relatively uneventful summer in the equity markets. Volume is quite low, as is expected this time of year with investment managers in vacation mode. Nevertheless, the S&P 500 has now recovered all of its losses since the “Sell-in-May” crowd hit the market hard, sending the S&P 500 falling 9% from a close of 1406 on May 1 to 1278 on June 1. Read more about Sector Detector: Stocks complete summer recovery from "Sell-in-May" crowd

smartindale / Tag: ETF, sectors, iShares, SPY, iyw, IYH, IYF, IYK, IYJ, IDU, IYE, IYC, IYM, IYZ, WDC, PDLI, SYMC, UTHR / 0 Comments

Beginning on Monday, August 6, the S&P 500 has turned in daily returns of +0.23%, +0.51%, +0.06%, +0.04%, and -0.13%. The average return has been 0.15% per day. Is this thing even alive?

The VIX (S&P 500 Volatility Index) hit a 52-week low, closing today at 13.70.  The market hath neither fear nor pulse.  In fact, besides 2008, today’s VIX close was the lowest since 4/5/2005, almost before VIX began trading in late 2003. Read more about What the Market Wants: Does This Market Have A Pulse?

david / Tag: PSX, CBT, ARLP, TEVA / 0 Comments

When I look into your eyes

It’s like watching the night sky

Or a beautiful sunrise

There’s so much they hold

And just like them old stars Read more about I Won’t Give Up On Freeport-McMoRan and Western Digital

sbrown / Tag: FCX, WDC / 0 Comments

“Man has demonstrated that he is master of everything except his own nature.”Henry Miller

Summertime, and the market is sleepy.

While the period from July through Labor Day is traditionally a time of exceptionally low trading volume on Wall Street, the last couple of weeks have been extreme, even compared to the usual dog days of summer. Volume on the Dow Jones Industrial Average (DJIA) hovered around the 85 billion level, which is just about half the trading volume compared to 2011 during the same period. Read more about ETF Periscope: Potential For Volatility Lurks Just Below Low Trading Volume

daniel / Tag: SPX, DJIA, Eurozone, ECB / 0 Comments

Scott MartindaleU.S. equities continue to shrug off worrisome global economics and the doomsday prognostications. The Dow, S&P 500, and Nasdaq are now all above psychological resistance levels of 13,000, 1400, and 3,000, respectively. Even Europe and China have seen a sustained bounce in equities. But everyone is wondering, how long can this continue given the dicey global economic situation? Read more about Sector Detector: Stocks aim to break out from summer trading channel

smartindale / Tag: ETF, sectors, iShares, SPY, IYF, iyw, IYH, IYJ, IYK, IYE, IYM, IDU, IYZ, IYC / 0 Comments

Last week, neither Fed Chairmen Bernanke nor European Central Bank (ECB) President Draghi committed their respective organizations to a specific solution to the economic woes of the U.S. or Europe. President Draghi’s firm statement last week that “the ECB is ready to do whatever it takes to preserve the Euro” lacked substance. Yet, that statement sent the S&P 500 roaring up +3.56% over July 26 and 27. Read more about What the Market Wants: A Lesson in Listening to Politically Inspired Chatter

david / Tag: CTSH, WDC, NTES, CMI / 0 Comments

“Every man's life ends the same way. It is only the details of how he lived and how he died that distinguish one man from another.” --  Ernest Hemingway

One is left to wonder if European Central Bank (ECB) President Mario Draghi intended to move the markets when he proclaimed that “he would do whatever it takes to save the euro.”  It is somehow hard to believe that someone who serves as head of arguably the second most important central bank on the planet would not be cognizant of how his words would impact global investors in such volatile times.  Read more about ETF Periscope: Market Shrugs Off ECB Disappointment

daniel / Tag: EWD, EWG, NORW, EWP / 0 Comments

Scott MartindaleBulls have refused to let the market break down. Last week, the ECB’s Mario Draghi came to the rescue by pledging to do “whatever it takes” to support the euro, which launched a big rally to close the week. Still, investors have been eagerly anticipating an announcement of something more concrete, like some bold new action from the central banks, i.e., more global liquidity. Read more about Sector Detector: Bulls look to central banks for support

smartindale / Tag: BBT, ASPS, STX, AAPL, SPY, IYF, iyw, IYH, IYK, IYJ, IYC, IYE, IYM, IDU, IYZ, sectors, ETF, iShares / 0 Comments