Is it time to buy?

By David Brown, Chief Market Strategist, Sabrient Systems

You never actually know when it's time to start buying stocks after a market drop, but let me give you a few "quantitative" hints.

Contact: Rebecca Hardin
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Sabrient #05-2011
FOR IMMEDIATE RELEASE

Sabrient Systems Acquires Qualitative Research Unit of Gradient Analytics
Move Strengthens Sabrient’s Capabilities & Global Reach

Though the Federal government avoided a debt default with an eleventh hour deal for raising the debt ceiling, investors are apparently unimpressed—especially given the uninspiring economic reports. This week, the Commerce Department reported that personal spending in June fell for the first time in two years. This was coupled with the weak ISM manufacturing report and last Friday’s weak GDP report.

And the Oscar Goes to...

By David Brown, Chief Market Strategist, Sabrient Systems

Despite spending much of the day below the 200-day moving average, the S&P 500 closed at 2986.94, just barely above the 200-day MA, thus, avoiding a marker that hasn’t occurred since last September.

Needless to say, the Federal debt ceiling issue is now dominating the news wires, and although investors have so far been confident that some deal would be reached, the late hour is starting to spook some. After being given a glimmer of hope last week, we learned after last Friday’s close that the debt debates had fallen apart, leaving investors squirming about what this critical week ahead of us would bring.

As the market has shown renewed strength, Technology and Energy have been leaders. Apple (AAPL) gave a stellar earnings report and hit another record high. IBM (IBM) also chipped in this week with a great report. However, Yahoo!

Banks are the Market's Ball-and-Chain

By David Brown, Chief Market Strategist, Sabrient Systems

The Sabrient Insider Sentiment Index (NYSE Arca: SBRIN) identifies 100 stocks that reflect favorable corporate insider buying trends and recent earnings estimate increases by Wall Street analysts.

• This index is tracked by the Guggenheim Insider Sentiment ETF (NYSE Arca: NFO). NFO is rated 5 STARs by Morningstar, the highest possible rating.

Here is a link to Morningstar's page on NFO.