Stocks have needed a reason to take a breather and pull back in this long-standing ultra-bullish climate, with strong economic data and seasonality providing impressive tailwinds -- and plummeting oil prices certainly have given it to them. But this minor pullback was fully expected and indeed desirable for market health. The future remains bright for the U.S. Read more about Sector Detector: Energy sector rains on bulls’ parade, but skies may clear soon

Scott MartindaleStocks were able to leverage some optimistic news and dovish words from the Fed to take another stab at an upside breakout attempt last week. Although readers have sometimes accused me of being a permabull, I am really a realist, and the reality is that the slogans like “The trend is your friend” and “Don’t fight the Fed” are truisms. And they have worked. Read more about Sector Detector: Bulls leverage hopeful news to launch a tepid breakout attempt

Scott MartindaleStocks continue to hold up like troopers even though bulls have lost some traction, perhaps due to a combination of the summer doldrums and overbought technical conditions that have them biding time until the next setup for a run at new highs. To be sure, bears are AWOL and missing their opportunity to create some fear and ignite a correction. Read more about Sector Detector: Mid-year mark finds eager bulls seeking renewed traction

smartindale / Tag: SPY, VIX, IYF, iyw, IYJ, IYZ, IYC, IYK, IYH, IDU, IYM, IYE, FTEC, FIDU, FNCL, FUTY, FENY, FHLC, XSD, FXR, KIE, SWKS, NXPI, RTN, ALK, FITB, ETF, iShares, sectors, SectorCast / 0 Comments

Rather than a Great Rotation from bonds into equities, the rotation instead has been from growth into value. Among the ten U.S. business sectors, uber-defensive sector Utilities is still the clear leader year-to-date, up more than +10%, followed by Energy and Healthcare. Healthcare and Materials were the leaders last week. Consumer Services/Discretionary remains the clear laggard YTD. Moreover, rather than bond prices falling, the 10-year Treasury yield has fallen even further to 2.52%, further indicating a flight to safety. Read more about Sector Detector: False breakout just another tease, but fundamental rankings are bullish

smartindale / Tag: sectors, ETF, iShares, SPY, VIX, IYF, IYM, EEM, iyw, IYJ, IYZ, IYC, IYK, IYH, IDU, IYE, FTEC, FHLC, FMAT, FUTY, FSTA, FIDU, PSI, XTN, PSCM, SNDK, OPEN, ALK, UPS, BCPC, WLK / 0 Comments

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

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

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

Scott MartindaleAs stock traders take a break for Thanksgiving, all the major averages have hit new highs after breaking through psychological resistance levels, including the S&P 500 at 1800, Dow Jones Industrials at 16,000, and NASDAQ at 4000. Tech stocks were the big leaders on Wednesday after a strong earnings report from Hewlett-Packard (HPQ). Read more about Sector Detector: Is there still enough fuel in the bulls’ tank?

smartindale / Tag: iShares, sectors, ETF, SPY, VIX, MPC, HPQ, iyw, IYF, IYE, IYM, IYZ, IYJ, IYH, IYK, IYC, IDU, BLK, AWH, WDC, GOOG, JAZZ, GNW, ALK, NXPI / 0 Comments

Scott Martindale“Stocks fall on Fed taper discussion.” That’s the gist of what you heard in the media on Wednesday to account for the market’s late-day pullback. There’s always some sort of attempt to explain daily market action. But the reality is that investors simply must take a periodic breather to regroup and retrench, particularly when making an assault on round-number resistance for a major index. Read more about Sector Detector: Stocks retrench for another assault on round-number resistance

smartindale / Tag: sectors, iShares, ETF, SPY, VIX, TSLA, MA, SBNY, CACI, QCOM, JAZZ, GNW, ALK, IYF, iyw, IYK, IYH, IYE, IYM, IYJ, IYZ, IDU, IYC / 0 Comments

Scott MartindaleThe U.S. stock market has been reluctant to provide eager bulls with a tasty entry point ahead of the much anticipated year-end rally. Although the major indexes have seen fit to consolidate a bit and work off some of their overbought conditions, bulls have hoped for a something more substantial. But very few holders are selling these days. Read more about Sector Detector: Bulls seek entry point to launch year-end rally

smartindale / Tag: iShares, ETF, sectors, EEM, TLT, SPY, VIX, IYF, iyw, IYK, IYC, IYH, IYM, IYE, IYJ, IDU, IYZ, GOOG, MDSO, ASPS, V, TDIV, QABA, HOLX, TSLA, SZYM, JAZZ, STX, AL, ALK, GNW, NXPI / 0 Comments

Pages