After posting record highs the previous week, stocks closed last week slightly down overall. But the major indexes held their psychological levels, including Dow at 18,000, S&P 500 at 2100, NASDAQ at 5,000, and Russell 2000 at 1200. Although the bulls continue to find reliable support levels nearby, strong overhead technical resistance and neutral-to-defensive rankings in our SectorCast fundamentals-based quant model continue to suggest that a major upside breakout is not quite imminent, although a selloff doesn’t seem to be in the cards, either. Read more about Sector Detector: Bulls hold the line as market coils in anticipation of a bigger move

Scott MartindaleFive years ago this month, the S&P 500 hit all-time high of 1576. It closed Wednesday at 1461. Can the market make a run at that all-time high? Well, the biggest threat at the moment to bullish sentiment is the Fiscal Cliff, but both presidential candidates have a plan for dealing with it, and Congress is unlikely to want to take the fall for defying the new President and sending the country back into recession. Read more about Sector Detector: Stocks back in rally mode even without Tech leadership

smartindale / Tag: ETF, sectors, iShares, VIX, SPY, qqq, iyw, IYF, IYH, IYK, IYE, IYC, IYJ, IYM, IYZ, IDU, AAPL, GOOG, TRV, MA, QCOM, CVX, AA, YUM, WMT, BAC, C, JPM, INTC, IBM / 0 Comments

Scott MartindaleAs earnings season gets underway, it has become clear that there is a disconnect between the bull market in stocks and the ability of the companies behind those stocks to generate any revenue growth in a weak global economy. Although U.S. companies have shown eleven consecutive quarters of year-over-year earnings growth, Wall Street analysts have continued to slash forward earnings estimates, and indeed it is reflected in Sabrient’s SectorCast model. Read more about Sector Detector: Earnings season launches under cloud of low expectations

smartindale / Tag: ETF, iShares, sectors, VIX, SPY, IYF, iyw, IYK, IYH, IYE, IYC, IYJ, IYZ, IDU, IYM, AAPL, GOOG, CVX, YUM, COST, WMT, AA, Y, MA / 0 Comments

The lack of money is the root of all evil.”—Mark Twain

Friday’s market action was more schizophrenic than usual, as traders and investors couldn’t decide if the unexpectedly upbeat unemployment report was enough to offset growing concerns about the new earnings season, slated to begin next week. Read more about ETF Periscope: Ladies and Gentlemen, Start Your Earnings Season

daniel / Tag: AA, VXX, VIX, Eurozone, China, QE3 / 0 Comments

“Money is better than poverty, if only for financial reasons.”  -- Woody Allen  Read more about ETF Periscope: Will Earnings Season Ride to Rescue or Compound Investor Concerns?

daniel / Tag: JPM, AA, Eurozone / 0 Comments

Its earnings season again!  Q2 results began today with a so-so report from Alcoa (AA), but they will end the week with much awaited reports from JP Morgan (JPM) and Wells Fargo (WFC).  To be fair, the market began the week on the tail end of a trio of bad stories, a not-so-dynamic duo of emerging stories from the banking sector, and a single focus on the upcoming election. Read more about What the Market Wants: A Rare Big Zero, a Whale Trade and Unspeakable Fears

david / Tag: SAIA, ZAGG, VCI, GBX, WFC, JPM, AA / 0 Comments

You knew a bigger pullback would happen eventually. It was only a matter of when it would come, what would be the catalyst, and how far it would fall. In fact, investors have been hoping for a pullback to serve as an entry point to put more cash to work. Read more about Sector Detector: Investors get their overdue pullback

smartindale / Tag: AA, AAPL, DFS, ETF, IDU, IYC, IYE, IYH, IYI, IYJ, IYK, IYM, iyw, IYZ, linkedin, RF, sectors, SPY, TIBX, VIX / 0 Comments

“There are only two mistakes one can make along the road to truth; not going all the way, and not starting.” -- Buddha

You may forgive Wall Street if it is acting a bit giddy as of late. It has just come off one of its best first quarters in over ten years, and after the wild ride of 2011, who can blame it for a round or two of light-headed celebration? Read more about ETF Periscope: The Pain in Spain is Unlikely to Stay on the Plain

daniel / Tag: AA, AAPL, COMP, DJIA, euro-zone, European Union, EWP EU, IEV, LTRO-1, LTRO-2, PIIGS, SPX, VGK / 0 Comments

Market Rally Continues But Not Sure Why...

By David Brown, Chief Market Strategist, Sabrient Systems Read more about What the Market Wants: Market Rally Continues But Not Sure Why...

david / Tag: AA, AAPL, CVI, GOOG, JPM, RS, sectors, UTHR / 0 Comments

ETF Periscope: Preoccupied Wall Street

“When we remember we are all mad, the mysteries disappear and life stands explained.” -- Mark Twain

If investors have been feeling like they’ve suffered from a nasty case of whiplash recently, it is certainly understandable. Read more about ETF Periscope: Preoccupied Wall Street

daniel / Tag: AA, COMP, ETF, EU DJIA, GOOG, JPM, NASDAQ, SPX / 0 Comments