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 MartindaleLast week, stocks continued their rebound from the edge of the abyss. Investors responded positively to a dovish combination of comments from Speaker of the House John Boehner and new Federal Reserve Chairwoman Janet Yellen. Mr. Boehner said he would not pursue another acrimonious battle over the debt ceiling. And Ms. Read more about Stocks continue to rebound from edge of abyss as uncertainties subside

smartindale / Tag: iShares, sectors, ETF, SPY, VIX, iyw, IYF, IYH, IYC, IYK, IYJ, IYZ, IDU, IYE, IYM, XLK, RKH, PPH, NXPI, JAZZ, VMW, SIVB, SBNY, AGN / 0 Comments

Contrarian Alert: Sentimental Consumers and a Two-Year High

by Daniel Sckolnik of ETF Periscope

“A good decision is based on knowledge and not on numbers.”  ~ Plato

Calling all Contrarians. This might be your moment. Read more about ETF Periscope: Contrarian Alert: Sentimental Consumers and a Two-Year High

daniel / Tag: DJIA, Dow Jones Industrial Average, IYG, RKH, S&P 500 Index, SPX, TTH, XLU / 0 Comments