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?

Well, it’s official. The old adage about selling in May didn’t apply this year. Instead, larger-cap, higher-quality, and value-oriented stocks continued to lead the market higher. The S&P 500 gained +2.1% during the month and confirmed its tentative technical breakout from the prior Friday with steady progress last week. However, it was tepid at best during the holiday-shortened week, and a somewhat concerning ‘double-low’ confirmation -- i.e., on extremely low (and decreasing) volume and with a backdrop of persistently low volatility. Read more about Sector Detector: Stocks confirm tepid breakout, but on ultra-low volume and volatility

smartindale / Tag: SPY, VIX, EEM, IWM, IYF, iyw, IYJ, IYZ, IYC, IYK, IYH, IDU, IYM, IYE, FTEC, FNCL, FUTY, FSTA, FENY, TDIV, PXE, KBWD, SWKS, OVTI, BCEI, PSX, ZION, FITB / 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

smartindale / Tag: iShares, sectors, ETF, SPY, VIX, JAZZ, NFLX, TSLA, iyw, IDU, IYJ, IYE, IYH, IYK, IYC, IYZ, IYM, IYF, PSCU, IXJ, TAN, PSI, PSX, AGN, HP, WDC, SNDK / 0 Comments

Beginning on Monday, August 6, the S&P 500 has turned in daily returns of +0.23%, +0.51%, +0.06%, +0.04%, and -0.13%. The average return has been 0.15% per day. Is this thing even alive?

The VIX (S&P 500 Volatility Index) hit a 52-week low, closing today at 13.70.  The market hath neither fear nor pulse.  In fact, besides 2008, today’s VIX close was the lowest since 4/5/2005, almost before VIX began trading in late 2003. Read more about What the Market Wants: Does This Market Have A Pulse?

david / Tag: PSX, CBT, ARLP, TEVA / 0 Comments