Stocks closed last week on a strong note, with the S&P 500 notching a new high, despite lackluster economic data and growth. I have been suggesting in previous articles that stocks appeared to be coiling for a significant move but that the ingredients were not yet in place for either a major breakout or a corrective selloff. However, bulls appear to be losing patience awaiting their next definitive catalyst, and the higher-likelihood upside move may now be underway. Yet despite the bullish technical picture, this week’s fundamentals-based Outlook rankings look even more defensive. Read more about Sector Detector: Bullish technical picture appears to trump cautious fundamentals

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

david trainerThe Euro crisis is an excellent demonstration of how long insolvent organizations can perpetuate the poor capital allocation and spending decisions that created their insolvency. Predicting exactly when the euro finally breaks down is a challenge, to say the least.

dtrainer / Tag: BFOCX, BOGSX, PXQ, RCKSX, VWM / 0 Comments

david trainerProShares Ultra Semiconductors (USD) is our top pick among the 25 ETFs we analyzed for our 3Q11 update on the “Best & Worst Tech Sector ETFs." Read more about Tech Sector ETF Rankings for 3Q11

dtrainer / Tag: AAPL, FDN, FXL, GOOG, IGM, IGN, IGV, INTC, iyw, PSI, PSJ, PTF, PXQ, ROM, SKYY, SOXL, TYH, USD, VGT, XLK, XSD / 0 Comments