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 MartindaleStocks continued last week to seek some firmer footing, as prices found some support and volatility hit some resistance, and a flight to safety of global capital benefited long-term Treasury bonds -- the very assets that are supposed to be selling off in a secular “Great Rotation” into equities. Read more about Sector Detector: Flight to safety may serve as prelude to flight to quality stocks

smartindale / Tag: iShares, ETF, sectors, SPY, VIX, IYF, iyw, IYJ, IYH, IYK, IYC, IYZ, IYE, IYM, IDU, EEM, GOOG, FB, CAT, CVX, XOM, COP, SOXX, PPH, KRE, CACC, SIVB, FLT, CTSH, ACT, MWIV / 0 Comments

Scott MartindaleWith plenty of wind in their sails, bulls coasted comfortably into year-end to close out 2013 with a stellar performance, as Santa made his widely-expected appearance on Wall Street. In fact, stocks saw one of their best years ever and the strongest since 1997, with the S&P 500 boasting a total return around 30% while closing the year right at its all-time high. Read more about Sector Detector: Stocks close out a banner year. Where to invest now?

smartindale / Tag: iShares, ETF, sectors, SPY, VIX, JAZZ, iyw, IYF, IYJ, IYH, IYZ, IYM, IYE, IYC, IYK, IDU, IXN, KBWP, FTEC, FNCL, FCNCA, ASPS, CTSH, MANH / 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

The market had a very rough opening this morning with the Dow down over 100 points and the S&P and Nasdaq looking weak.  Yet, the market rebounded a little, cutting some of the losses. Did you hear or read anything over the weekend that made you feel good about anybody solving the budget and debt issues soon?  We have 10 days!  Read more about What the Market Wants: Where is the Leadership?

david / Tag: BX, THO, CTSH, VZ, T, telecom / 0 Comments

Scott MartindaleStock market bulls have been reluctant to let the market fall very far. Support seems to arrive whenever the bears get too bold. It seems the bulls are bound and determined to have their Q4 rally, especially with the Fed continuing to blow wind in their sails. They just need Congress to wave the green flag. Read more about Sector Detector: Still bullish as stocks await their “go” signal from Congress

smartindale / Tag: iShares, ETF, sectors, SPY, VIX, Z, P, iyw, IYF, IYE, IYK, IYC, IYM, IYZ, IDU, IYJ, IYH, CTSH, WDC, OXY, APC / 0 Comments

Did you buy a market index call option in advance of the Scott MartindaleFOMC announcement on Wednesday? Maybe a straddle? Or did you at least hold pat on long positions knowing that you held an implicit “Fed put” against any meaningful downside? It seems like many investors did one of these, as markets have been strong in advance of today’s announcement. Read more about Sector Detector: Stocks have a friend in the Fed

smartindale / Tag: iShares, sectors, ETF, SPY, VIX, FDX, CTSH, QCOM, EOG, EQT, iyw, IYE, IYF, IYJ, IYM, IYH, IDU, IYZ, IYC, IYK, JAZZ, GNW, EPL, OCN / 0 Comments

Scott MartindaleStock market bears needed a new weapon to fight off bold bulls, and they found it in the same place that WMD’s often emerge -- in the Middle East, this time in Syria. In this case, however, I’m not talking about a weapon of mass destruction, but rather a weapon of market destruction. Read more about Sector Detector: Bears acquire new WMD (weapon of market destruction)

smartindale / Tag: sectors, ETF, iShares, SPY, VIX, EEM, iyw, IYF, IYK, IYE, IYJ, IDU, IYC, IYM, IYZ, IYH, CTSH, HRS, AMG, RE / 0 Comments

Scott MartindaleOverall, earnings reports have continued to beat the low bar of expectations. Read more about Sector Detector: Revenue growth and raised guidance are critical for bulls

smartindale / Tag: sectors, ETF, iShares, SPY, VIX, CVLT, HRS, CTSH, QCOM, AMP, PRAA, iyw, IYF, IYK, IYJ, IYE, IYC, IYM, IYZ, IDU, IYH / 0 Comments

Scott MartindaleCash flush investors who have been waiting for a buying opportunity must be feeling like the guy standing outside the sold-out concert looking for someone willing to sell him a ticket. Stocks just won’t pull back much, despite a huge wall of worry that one might expect would put some quicksand under the bulls’ feet. Read more about Sector Detector: Lead, follow, or get out of the way

smartindale / Tag: sectors, ETF, iShares, SPY, VIX, iyw, IYF, IYK, IDU, IYH, IYJ, IYE, IYM, IYC, IYZ, CTSH, TRV, BLK, QCOM / 0 Comments

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