Last week, stocks cycled bullish yet again. In fact, the S&P 500, NYSE Composite, and NASDAQ each closed at record highs as investors positioned for the heart of earnings season in the wake of strong reports from some of the Tech giants. Notably, Utilities stocks got some renewed traction as yield-starved investors returned to the sector. Read more about Sector Detector: Sector rotation model stays bullish, but neutral rankings and technical resistance flash caution

When I’m in my sales role, I view every prospective client as falling into one of two broad baskets: those looking for a reason to say yes, and those looking for a reason to say no. I always try to focus on the former and spend little time on the latter. Likewise, last week’s market was dominated by those looking for a reason to sell. And so they did. Good news in the jobs and unemployment reports spooked investors on Friday, and stocks fell hard. So, for the moment we are back to a Fed-driven good-news-is-bad-news story line, or so it would seem. Read more about Sector Detector: Investors find a reason to sell, teeing up a new buying opportunity

Scott MartindaleMore unnerving conflicts around the globe have flared up, but as usual, U.S. equity investors have given it nary a yawn as they seem to have become pretty much numb to the steady stream of unwelcome news, particularly out of the Middle East. Now we enter the summer version of earnings season. Read more about Sector Detector: Will earnings season provide the next catalyst for stocks?

Today was an inauspicious start to December.  Based on positive pre-opening behavior from Europe, including a number of positive PMI’s (purchasing manager indices), as well as a positive November PMI of 52.8 from our own economy (up from 51.0 in October), our domestic markets opened up about 0.5%. Read more about What the Market Wants: Shame on Washington!

david / Tag: Dk, MX, CRUS / 0 Comments

As the market has shown renewed strength, Technology and Energy have been leaders. Apple (AAPL) gave a stellar earnings report and hit another record high. IBM (IBM) also chipped in this week with a great report. However, Yahoo! Read more about Sector Detector: Market Raises its Glass to Apple and “Gang of 6”

smartindale / Tag: AAPL, AUY, CRUS, ETF, IDU, IYC, IYE, IYF, IYH, IYJ, IYK, IYM, iyw, IYZ, linkedin, long/short, ROC, sector-rotation, sectors / 0 Comments

Unfortunately, the dismal attitude we conveyed last week, was fulfilled with one of the worst weeks the market has had in some time.  The S&P 500 has fallen almost 15% from its April highs and is now below all of its moving averages, including the 200-day moving average. Read more about WHAT THE MARKET WANTS: Global Malaise versus US Earnings: Unusual Dichotomy

david / Tag: CBEH, CRUS, CSTR, MDF, sectors / 0 Comments