Today’s market was strong with lots of volume to open the week and close the quarter.  The strongest index of the day was the Russell 2000, up 1.8%, followed by the S&P 500, up 0.8%, and the NASDAQ, up 0.7%.  NYSE volume was a strong 810 million.  The S&P 500 squeaked out a narrow 0.7% gain for the month, which is better than the NASDAQ’s 2.5% drop and the Russell 2000’s 1% drop.  The biotechnology ETF, IBB, delivered an exceptionally strong perfo Read more about What the Market Wants: Where are Valuations Now?

david / Tag: IBB, ALK, JAZZ, MRVL / 0 Comments

Scott MartindaleAs Q1 of 2014 comes to an end, we can see that January was extremely weak, February gained it all back, and March treaded water. At this point, as we head into what has been the strongest month of the year over the past 20 years, signals are mixed, with a steadily recovering economy and bullish fundamental indicators mixed with neutral technical and some bearish sentiment indicators. Read more about Sector Detector: Caution flag stays out as stocks continue their consolidation

smartindale / Tag: iShares, sector, ETF, SPY, VIX, EEM, FXI, iyw, IYF, IYH, IDU, IYK, IYC, IYZ, IYE, IYM, IYJ, SNDK, QCOM, COF, SPG, HP, SLB SOXX, PFI, IXC, XPH / 0 Comments

Scott MartindaleBulls continue to climb their wall of worry, as uncertainty from the latest “bricks in the wall” created by Russia in Crimea, slowing growth in China, and Fed tapering fades into the mosaic. Read more about Sector Detector: Doomsayers help keep bull market alive and well

smartindale / Tag: sectors, iShares, ETF, SPY, VIX, iyw, IYF, IDU, IYH, IYE, IYK, IYC, IYZ, IYM, IYJ, FTEC, FNCL, FHLC, FUTY, UPW, XPH, QABA, ROM, SNDK, AAPL, KEY, SIVB, ACT, CELG, FENY / 0 Comments

Today was another surprise Monday.  Short sellers who thought a rough weekend in Ukraine might stir up the war drums again were wrong.  In addition, China took several steps to boost its economy, and the domestic economic reports were fairly positive.  As a result, the shorts capitulated at the opening and risk was on.  The day ended led by the DJI (every stock was positive!), up more than 1%, with the S&P 500 up nearly 1% and the NASDAQ up about 0.8% Read more about What the Market Wants: Risk On? 3 Growth Stocks at Bargain Prices

david / Tag: FIG, URI, MPC / 0 Comments

Scott MartindaleThe weakness last week in U.S. stocks was entirely expected. As I mentioned in last weekend’s article, the technical condition had become quite overbought and the market was overdue to take a breather and pull back a bit. Also, our SectorCast rankings had moved from bullish to a more neutral bias. Read more about Sector Detector: Utilities plow ahead while market takes an overdue breather

smartindale / Tag: sectors, iShares, ETF, SPY, VIX, iyw, IYF, IDU, IYH, IYE, IYK, IYC, IYM, IYZ, TDIV, KBWD, PPH, UPW, AXE, FFIV, BOFI, SIVB, ACT, biib / 0 Comments

Today was the beginning of “spring break” for the market.  At least it seemed that way with a very low trading volume of only 600M shares on the NYSE.  Either the college crowd does more trading than we imagined or parents are taking the week off as well. Read more about What the Market Wants: Market on Spring Break

david / Tag: VLO, HII, SWKS / 0 Comments

Scott MartindaleAfter a requisite knee-jerk selloff, stock market bulls shook off Russia’s military action in Ukraine and Crimea as just another buying opportunity. Even adding the Russian Bear to their arsenal couldn’t give bears the upper hand for long. The S&P 500 large cap index set yet another all-time intraday high and closed at a new record high on Friday. Read more about Sector Detector: SectorCast rankings take a neutral slant as market hits new highs

smartindale / Tag: iShares, ETF, sectors, SPY, VIX, iyw, IDU, IYF, IYK, IYH, IYE, IYM, IYJ, IYZ, IYC, XLU, XPH, KBWI, IXN ZCOR SHPG, NTCT, MANH, KEY, OFG, EDN, TRGP / 0 Comments

Today brought three better than expected economic releases from Construction Spending, ISM Manufacturing, and Personal Income. The ISM figure was quite unexpected and Personal Income was well above expectations.  If we ignore for a moment that the Final GDP reading for Q4 was lowered on Friday (which may or may not have been primarily caused by severe weather), we have had a week of better than expected economic numbers. Read more about What the Market Wants: War Drums Trump Solid Economic Numbers

david / Tag: ARRS, BX, DAL / 0 Comments

Scott MartindaleFacing formidable resistance and the threat of an ominous triple-top sell signal if bulls lost their battle, U.S. stocks appear to have successfully navigated a critical crossroads by finding the wherewithal to break out to new highs, with blue skies above. Among the ten U.S. business sectors, the performance leaders last week were Consumer Services, Consumer Goods, Industrial, and Financial. Read more about Sector Detector: Stocks find blue skies while economy deals with inclement weather

smartindale / Tag: iShares, sectors, ETF, SPY, sector rotation, VIX, iyw, IYH, IYC, IYF, IYK, IDU, IYZ, IYJ, IYM, IYE, FB, PPH, PFI, ROM, BRCD, AZPN, RWT, CYS, CRVL, MYGN / 0 Comments