Scott MartindaleWell, Fed Chairman Bernanke has proved me wrong by dipping his toe into the dreaded tapering of QE3. In retrospect, I suppose he preferred to take this first step on his own rather than put the onus (and any associated fallout) on the back on his successor. Read more about Sector Detector: Fed drops the green flag and bulls are off to the races

smartindale / Tag: sectors, iShares, ETF, SPY, VIX, iyw, IYF, IYM, IYK, IYC, IYZ, IYE, IYJ, IDU, IYH, MA, PRU, GOOG, SNDK, KBWD, TDIV, OSIS, ULTA, JAZZ / 0 Comments

Backed by positive economic announcements from the Empire Manufacturing Index and Industrial Production, along with much improved growth from Europe, the market broke its string of four losing sessions with the S&P gaining 0.6% and the recently weak Russell 2000 up a sturdy 1.2%. Virtually all sectors did well, led by Energy, Industrials and Financials.  Energy was up by more than 1%. Read more about What the Market Wants: Possible Start to Santa Claus Rally

david / Tag: IWM, AAPL, ARRS, JBLU / 0 Comments

Scott MartindaleThe stock market’s technical consolidation continues, and in fact anyone who missed last week’s entry point for the widely-anticipated year-end rally is getting another shot at it. The S&P 500 and Dow Jones Industrials both lost round-number support again this week at 1800 and 16,000, after briefly recovering them from last week’s pullback. Read more about Sector Detector: Random observations, as consolidation in stocks continues

smartindale / Tag: sectors, iShares, ETF, SPY, VIX, MA, FB, GOOG, SLH, AMG, AMP, iyw, IYF, IYK, IYJ, IYH, IYC, IYM, IYE, IYZ, IDU / 0 Comments

Today, with very little market moving news, the S&P 500 closed at 1808.4, yet another new closing daily high.  The index did touch the 1811 area on at least three distinctly different time slots creating a new resistance level.  But after last week’s bevy of positive economic surprises, the sharp gain of 1.1% on Friday, leaving the index just a tiny point away from its ninth consecutive up week, we can’t be too quick to suggest today was a topping ral Read more about What the Market Wants: Caution or End of Year Window Dressing?

david / Tag: MPC, VLO, PRU / 0 Comments

Experience is not what happens to a man. It is what a man does with what happens to him.” -- Aldous Huxley

Wall Street made a nice little recovery on Friday, as positive jobs numbers helped bring the major indices a lot closer to break-even for a week that seemed destined to end up substantially in the red. Read more about ETF Periscope: Santa Claus Rally? Maybe, But Hedge Just In Case

daniel / Tag: SPX, DJIA, NASDAQ, COMP, VIX, VXX, FED, Santa Claus Rally, Tapering / 0 Comments

As the charts last week indicated might happen, the S&P 500 has fallen four straight days and failed to hold its breakout above 1800 while the Dow Jones Industrials lost 16,000. Only the NASDAQ is still holding on to its breakout above 4000. Although the Basic Materials sector was the leader on Wednesday, the Technology sector was strong, as well, and in fact Tech stocks have been the strongest over the past week and the past month. Read more about Sector Detector: Tech stays strong as markets present a welcome entry point

smartindale / Tag: iShares, ETF, sectors, SPY, VIX, iyw, IYH, IYF, IYJ, IYE, IYM, IYZ, IDU, IYK, IYC, CTSH, WDC, V, ASPS, SNPS, JAZZ, GNW, ALK, NXPI, STX / 0 Comments

Repeating Friday’s market performance, today, the S&P 500 sold off in the last 30 to 40 minutes, giving up its entire daily gain for a loss of 0.27%.  Nevertheless, it did gain 0.1% last week for its eighth consecutive weekly gain.  Read more about What the Market Wants: Sell-offs and VIX’s Rise Deserve Caution

david / Tag: VIX, AMZN, EBAY, MRVL, NUS, NXPI / 0 Comments

It is a mistake to look too far ahead. Only one link in the chain of destiny can be handled at a time.” -- Winston Churchill

With the US equity markets hitting new highs on what seems a daily basis as of late, investors may be forgiven if they haven’t been tracking the European economy as closely as they had in the recent past, when the Eurozone seemed to be in perpetual crisis mode. Read more about ETF Periscope: Is This a Good Time to Short the Eurozone?

daniel / Tag: SPX, DJIA, NASDAQ, COMP, EWP, EWG, FEZ, EWQ, EWI, VGK, Eurozone, Mario Draghi, PIIGS, LTRO / 0 Comments