Although trading volume remains anemic, with NYSE volume below 900 million today, equity bulls continue to run the show as the global “wall of worry” seems to suit them just fine, thank you.

Bulls Keeping Their Horns Sharp

by David Brown, Chief Market Strategist, Sabrient Systems

Bulls continue to shake off global challenges to keep the market in rally mode heading into the end of the first quarter, led by powerhouse sectors Basic Materials and Energy as well as Healthcare and upstart Telecom. In fact, the S&P 500 is on track to achieve its largest first quarter return since 1998. The SPY closed today at 132.77, up 5.6% on the quarter with one more trading day to go.

What the Market Wants? Earnings, Apparently

What We Need is a Craziness Index

by David Brown, Chief Market Strategist, Sabrient Systems

The market advanced steadily this week with the S&P 50 reaching 1313.80 today, which is above both its 30-day and 50-day moving averages and positive on a great majority of technical indicators.

The Investor’s (H)Edge Portfolio, managed by David Brown, is a long/short, absolute-return portfolio of 13 Longs and 13 Shorts.  Each week David reviews one long position and one short position and either renews or replaces the stocks, based primarily on the stocks’ scores in the Sabrient Outlook Rankings. Learn more more about the Investor’s (H)Edge Portfolio.

Sabrient Partners with Options Industry Veteran
Stutland Volatility Group to Launch Stutland Volatility Funds

Long/Short Expertise Anchors the Joint Venture

Market bulls found support at the right time and pulled another rabbit out of their hat. It’s good to have friends in high places, as the Fed’s POMO money continues to flow, including another $6+ billion today for the purchase of Treasuries (which tends to find its way into equities). Last Wednesday, I suggested that the extreme weakness might have been a selling climax, and it turns out that is was – at least for the short term.

4 GARP Stocks for Precarious Times

by David Brown, Chief Market Strategist, Sabrient Systems

The S&P 500 moved ahead 1.5% today, seemingly oblivious to multiple global threats, a shaky domestic economic recovery, and a market that is still weak by most technical standards.

Editor’s note: The Investor’s (H)Edge Portfolio, managed by David Brown, is a long/short, absolute-return portfolio of 13 Longs and 13 Shorts.  Each week David reviews one long position and one short position and either renews or replaces the stocks, based primarily on the stocks’ scores in the Sabrient Outlook Rankings.