The stock market rally from the edge-of-the-cliff reversal on February 12 has continued, and an assault on the all-time highs from almost one year ago (on the S&P 500) now seems plausible. If it can hit new highs, the 7-year bull market is back in business. We are about halfway through earnings season, and after several years of record corporate earnings that were at least partly fueled by Fed policies that helped finance M&A and stock buybacks, some fear that profit margins have peaked. Read more about Sector Detector: Bullish sentiment solidifies even in the face of lofty valuations

Investors in U.S. equities seem to have embraced a new market paradigm in which upside spikes come more swiftly than the downside selloffs. Remember when it used to be the other way around? When fear was stronger than greed? The market is consolidating its gains off the early-October V-bottom reversal, and no one seems to be in any hurry to unload shares this time around, with the holidays rapidly approaching and all. Read more about Sector Detector: Investors make up new rules for their new market paradigm

Scott MartindaleLast week brought even more stock market weakness and volatility as the selloff became self-perpetuating, with nobody mid-day on Wednesday wanting to be the last guy left holding equities. Hedge funds and other weak holders exacerbated the situation. Read more about Sector Detector: Sharp selloff in stocks sets up long-awaiting buying opportunity

Scott MartindaleThe sudden bearish turn last week in the market -- after hitting new highs the prior week -- has come fast and furious as selloffs are wont to do. And the pullback might have further still to go. But there are several reasons to expect a stabilization or bounce during this holiday-shortened week, and in any case I still expect that it eventually will turn out to be a great buying opportunity leading to higher prices later in the year. Read more about Sector Detector: Fast and furious selloff provides important market cleansing

smartindale / Tag: sectors, iShares, ETF, SPY, VIX, iyw, IYH, IDU, IYJ, IYE, IYK, IYC, IYZ, IYM, IYF, TFX, EIX, GAS, CELG, VMW, AXE, SOXX, BBH, FXU, FTEC, FHLC, FUTY, FSTA, FENY, FIDU, NFLX, DDD, ACT, JAZZ / 0 Comments

Scott MartindaleAlthough the large caps set new highs early on Friday, small caps and NASDAQ have not come close to their prior highs. Friday closed with extreme weakness across the board, and it was on high volume. The technical picture and our fundamentals-based sector rankings have both taken a bearish turn, so we might see more weakness ahead. Read more about Sector Detector: Rankings take a bearish turn as the flight to safety solidifies

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Thunder is good, thunder is impressive; but it is lightning that does all the work.” — Mark Twain

If you go by Wall Street’s scorecard, the economy seems to be going gangbusters, as evidenced by the upward trajectory of the major equity indices. Read more about ETF Periscope: Sentiment on Main Street at Odds with Jubilation on Wall Street

daniel / Tag: SPX, DJIA, NASDAQ, COMP, GOOG, AMZN, EBAY, PCLN, YHOO, CRM, NFLX, AKAM, LNKD, FB, consumer sentiment / 0 Comments

As I and most other observers expected, stocks took the go-signal from Congress and burst through all prior resistance levels with barely any hesitation. And why not? Read more about Sector Detector: How to avoid stock meltdowns while the market melts up

smartindale / Tag: sectors, iShares, ETF, SPY, VIX, NFLX, CACI, IACI, PB, COF, iyw, IYF, IYE, IYK, IYJ, IYM, IYZ, IYH, IDU, IYC / 0 Comments

I am always doing that which I can not do, in order that I may learn how to do it.” -- Pablo Picasso

So now the fun really begins.

That is, if you consider fun the sort of thing that happens when Wall Street has way too much information to process in a very short period of time. Read more about ETF Periscope: Expect Stormy Q3 Earnings Season as Washington’s Maelstrom Proceeds

daniel / Tag: VIX, VXX, FDN, DJIA, SPX, COMP, GOOG, AMZN, EBAY, PCLN, YHOO, CRM, NFLX, AKAM, FB, LNKD / 0 Comments

You must live in the present, launch yourself on every wave, find your eternity in each moment. -- Henry David Thoreau

Well, that party didn’t last long, and the hangover was on the nasty side.

Wall Street had a few days to entertain a little early-week exuberance as a couple of Fed-centric news cycles spurred the equity market towards yet another round of record highs. That exuberance, however, was severely “tapered” when a conflicting message from another Fed officer sent the market reeling towards steep losses, cutting into its midweek gains. Read more about ETF Periscope: Reactive Market Responds to Fed’s Mixed Tapering Signal

Scott MartindaleWe are in the thick of earnings season, and so far the general trend has been as anticipated: modest if any top-line growth and more earnings beats than misses (albeit versus a low bar). But forward guidance has been the big decider on how the stock trades post-earnings, and the message has been decidedly mixed, as many companies have had to reduce guidance or otherwise failed to make the grade in other important growth metrics. Read more about Sector Detector: Mixed messages abound among earnings reports

smartindale / Tag: iShares, sectors, ETF, SPY, VIX, IWM, EEM, AAPL, WDC, FB, V, MCD, NFLX, CVLT, SBNY, GS, iyw, IYF, IYE, IYK, IYJ, IYH, IYC, IYZ, IDU, IYM / 0 Comments

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