Volatility continues to increase in the stock market and many of the leaders are breaking down. In particular, semiconductors took a rather big hit when one of the bellwethers warned of weakening global demand. Nevertheless, despite the significant headwinds, I do not think this spells the end of the bull market. But the technical damage to the charts is severe, particularly to the small caps, which are in full-blown correction mode. The large caps must show leadership and rally immediately -- or it will put at risk the critical and widely-anticipated year-end rally. Read more about Sector Detector: Semiconductors get slammed as investors scramble to protect profits

Scott MartindaleThis seasonally weak time of the year has proven reliable once again. As I observed last week, the volatility index often hits a peak in October but has never hit a trough during this notorious month. Last week, I warned of more downside in stocks before any new highs are challenged. It was the type of week that tests investors’ bullish conviction, and it was way overdue. Read more about Sector Detector: Overdue market weakness finally hits, but sector rankings turn bullish

Scott MartindaleStocks continue to consolidate just under their prior high, which is offering formidable resistance. Although many long-standing uncertainties have significantly subsided, others have arisen, including turmoil in a new global hot spot (Ukraine) and the disruptions to the economy caused by the unusually long and brutal winter experienced by most of the U.S. Read more about Healthcare, Utilities, and Tech lead as market confronts resistance

smartindale / Tag: iShares, sectors, ETF, SPY, VIX, iyw, IYF, IYH, IYK, IYC, IYJ, IYE, IYM, IYZ, IDU, FNCL, FTEC, FHLC, PJP, REM, PSI, DFS, BXS, GAME, NTCT, DEPO, CYTK, GCC, DBC / 0 Comments

A weekend of more election surprises in Europe, as a socialist candidate won a key state vote in Germany, threatening Prime Minister Angela Merkel‘s stance on austerity in the Eurozone. The Greek “leadership” has all but abandoned hope of forming a new elected government, likely requiring yet another vote. Read more about What the Market Wants: Six weeks, One Day...and Still Counting

david / Tag: AFL, DTV, MPC, DFS / 0 Comments

Have you noticed that there hasn’t been much new to say about the stock market and its drivers lately? Bears are weary from calling tops that don’t follow through, and bulls are hesitant to inject more cash until they have a more inspiring catalyst. So, we’re pretty much left to wonder whether the overworked mantra “Sell in May and go away” will be a self-fulfilling prophecy…or a contrarian catalyst for the bulls to get busy again. Read more about Sector Detector: Strong earnings balances global worries

smartindale / Tag: AAPL, AH, ALR, AZPN, COL, CRBC, DFS, ETF, GMCR, ICON, IDU, INOD, iShares, IYC, IYE, IYH, IYI, IYJ, IYK, IYM, iyw, IYZ, linkedin, MGLN, NFLX, PRXL, sectors, SIX, SPY, VIX, VMW / 0 Comments

Here we are again wondering what the market wants.  Today, it clearly wasn’t Technology stocks, as various issues dragged both Apple (AAPL) and Google (GOOG) lower. Read more about What the Market Wants: Technology Stocks Under Siege

david / Tag: AAPL, CHMT, DAL, DFS, EWP, financials, GOOG, HFC, IEV, JPM, S&P 500, STX, technology, VGK, WFC / 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

Technology led today’s robust rally as the dollar continued to weaken. Financials, especially banks, remained strong the first three days of last week then fell to profit-taking on the final two days, ending down a little more than -0.5% for the week.  Today, that sector regained all of that loss and advanced an extra 25 basis points to reach near multi-year highs, although it is still more than 50% off its early 2007 high. Read more about What the Market Wants: Good Start to a New Week

david / Tag: acn, DFS, DISCA, DKS, FDX, NKE, ORCL, TIF, VLO, VXX / 0 Comments