The market's major equity indices were all up a little more than 0.6% yesterday, which was off mid-day highs, but positive because the market shrugged off poor economic news from China. Today, the market stayed relatively even, with the S&P 500 ending down slightly by -0.13%. Read more about What the Market Wants: Market Hits New High, Three Stocks to Consider

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Scott MartindaleStocks continue to consolidate just under their prior high, which is offering formidable resistance. Although many long-standing uncertainties have significantly subsided, others have arisen, including turmoil in a new global hot spot (Ukraine) and the disruptions to the economy caused by the unusually long and brutal winter experienced by most of the U.S. Read more about Healthcare, Utilities, and Tech lead as market confronts resistance

smartindale / Tag: iShares, sectors, ETF, SPY, VIX, iyw, IYF, IYH, IYK, IYC, IYJ, IYE, IYM, IYZ, IDU, FNCL, FTEC, FHLC, PJP, REM, PSI, DFS, BXS, GAME, NTCT, DEPO, CYTK, GCC, DBC / 0 Comments

Scott MartindaleLast week, stocks continued their rebound from the edge of the abyss. Investors responded positively to a dovish combination of comments from Speaker of the House John Boehner and new Federal Reserve Chairwoman Janet Yellen. Mr. Boehner said he would not pursue another acrimonious battle over the debt ceiling. And Ms. Read more about Stocks continue to rebound from edge of abyss as uncertainties subside

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Monday’s market was marginal through most of the day, but all major indices ended the day in positive territory, led by the Nasdaq.  It was the market’s third positive close in a row and the fourth in the last five days. The S&P 500 ended the day at 1799.84, less than 3% from its all-time closing high of 1844.46.  It is now nearly 60 points above its recent low on February 3 (about a 6% drop from its high).  Read more about What the Market Wants: A Slow but Likely Positive Week Ahead

david / Tag: NQ, ALK, SAIA / 0 Comments

SPY chartStocks provided a volatile and sweat-inducing ride last week in what many investors and traders thought might be the big selloff that so many have been predicting. Although the market tends to follow a path that fools the greatest number of people, sometimes it behaves in a self-fulfilling prophesy. Read more about Sector Detector: Stock market approaching a crossroads

smartindale / Tag: sectors, iShares, ETF, SPY, VIX, IYF, iyw, IYH, IYK, IYJ, IYC, IYE, IYM, IYZ, IDU, QABA PSI, PPH, PRE, SBNY, FFIV, WDAY, biib, MCK / 0 Comments

Today, the market continued its tortuous path of the last two weeks, falling sharply virtually the entire day with the DJI ending down 326 points, the S&P 500 down 2.3% (it’s worst day since June 20, 2013), and the NASDAQ down 2.6%.  We are now down about 6% from the S&P 500’s high on January 15.  A drop of 10% is generally thought of as correction, so we have another 4% or so to fall.  Read more about What the Market Wants:Things Aren’t as Bad as They Look, Yet

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Scott MartindaleStocks continued last week to seek some firmer footing, as prices found some support and volatility hit some resistance, and a flight to safety of global capital benefited long-term Treasury bonds -- the very assets that are supposed to be selling off in a secular “Great Rotation” into equities. Read more about Sector Detector: Flight to safety may serve as prelude to flight to quality stocks

smartindale / Tag: iShares, ETF, sectors, SPY, VIX, IYF, iyw, IYJ, IYH, IYK, IYC, IYZ, IYE, IYM, IDU, EEM, GOOG, FB, CAT, CVX, XOM, COP, SOXX, PPH, KRE, CACC, SIVB, FLT, CTSH, ACT, MWIV / 0 Comments