The abundance of news last week -- most with a positive slant -- finally boosted the S&P 500 out of the Channel of Gloom in which it was mired for so long. Not only did the S&P 500 break out of the channel, but it is now threatening the 200-day moving average, having surpassed the 50-day MA last week. Read more about WHAT THE MARKET WANTS: The Thundering of Little Feet

david / Tag: AAPL, AET, AFL, AMZN, BA, CIT, F, FCFS, FDX, GOOG, IBM, LVS, MOT, MRK, MS, NTSC, RGR, S, sectors, SNE, TESS, V, XOM / 0 Comments

Stress Tests, Fed Frets and Sideways Bets

by Daniel Sckolnik of ETF Periscope

"A child of five would understand this. Send someone to fetch a child of five." ~ Groucho Marx Read more about ETF Periscope: Stress Tests, Fed Frets and Sideways Bets

daniel / Tag: AAPL, AMZN, AXP, ETFs, FXG, KBRE, MCD, MFST, XLB, XOP / 0 Comments

Sentimental Journey to the Southside

by Daniel Sckolnik of ETF Periscope

“Economics is extremely useful as a form of employment for economists.”  ~ John Kenneth Galbraith

Talk about a serious display of bad feelings. Read more about ETF Periscope: Sentimental Journey to the Southside

daniel / Tag: AA, AAPL, AMD, ETFs, GOOG, INTC, IYE, iyw, IYZ, RWR / 0 Comments

I hope you enjoyed the Fourth of July fireworks on Sunday, because there might not be much to celebrate on Wall Street this week.

Last week we warned that if most of the impending economic releases were negative, the market would likely fall worse than it did the week before.  And that’s what happened.  In fact, it dropped approximately twice as much as the week before. (It doesn’t feel so good to be right.) Read more about What the Market Wants: Despite the Fireworks, Market Fizzles

david / Tag: AAPL, REP, sectors, SYA, THS / 0 Comments

Perhaps it was the new senator from Massachusetts who let the bears out, but I suppose it was a bit more than that. When the week began on Tuesday, after the Martin Luther King holiday, the bulls were grazing happily on GARP stocks, as contented as California cows.  But then somebody opened that gate, and the bears roared through and the bulls ran for cover. Read more about WHAT THE MARKET WANTS: Who Let the Bears Out?

david / Tag: AAPL, AMTD, AZO AFL, BAC, C, EGAY, Manic Mondays, MS, NTRS, NVO, PH, RIMM, SCHW, sectors, WFC / 0 Comments

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