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Richard Russell, who recently suggested that the Dow will test the 6,547 level, is now singing a new tune. Fresh off his statement that, “I envision the Dow dropping to test, and possibly violate, the 6,547 level. I don’t know whether this will take place this year, but I wouldn’t be shocked if Read more…
What a way to end the week! The EU has decided to leave us hanging until the last moment as they hold off on releasing their bank stress test results until after the markets close (11:30 EST) which Read more…
Richard Russell continues his assertion that we are in a primary bear market. Richard classifies the current condition of the market as an upward correction [referring to the rally that commenced in March 2009]. The most troubling insight Richard shares in his latest letter, is his prediction that Read more…
The market continues upward in either a C wave or Wave 2 corrective upside re-tracement if I’m correct. In reviewing the pattern since the April top this year, we have had clear Fibonacci Read more…
Well, for one, the market will break back below a yearly cycle low initiating a series of lower lows and lower highs. This year that cycle low was set in February. But didn’t the market break that low Read more…
It’s easy to lose perspective on where the global economy stands … to be confused by the daily deluge of information. So today, in the first of a two-part series, I want to give you some Read more…
Over the years we have seen the stock market make some pretty exciting moves for share holders. This year alone there have been some interesting events unfold causing wild market swings which Read more…
The Chicago Board Options Exchange (CBOE) today announced that on Friday, June 4, 2010, it will begin trading new Weekly options on four exchange traded funds (ETFs) – Standard and Poor’s Depositary Receipts (SPY), Nasdaq-100 Index Tracking Stock (QQQQ), DIAMONDS Trust, Series 1 (DIA), and Read more…
Good morning traders, I wanted to take a minute and give you my thoughts on the market. Overall I was very satisfied with Friday’s price action and I strongly believe NOW the market is due for a Read more…
There are times when one must participate in order to outperform the market. And I believe one of those times is swift approaching. I don’t know if the market will be higher or lower when the Read more…
Which ETF is better for your portfolio, the Dow ETF (DIA) or the Nasdaq ETF (QQQQ)? The Nasdaq has outperformed the Dow pretty steadily throughout the year, will it continue? CNBC invited Michael Krause, of AltaVista Research, and Paul Justice, of Morningstar, to share their views as to which ETF is Read more…
Patricia Oey, an ETF analyst at Morningstar, recently compiled the funds with the highest net cash inflows and outflows for April. Oey states that, “Investors poured another $12.2 billion into exchange-traded funds in April 2010, bringing total year-to-date net inflows to $19.9 billion. Flows were Read more…
DIA, EFA, FXI, GLD, IVV, MDY, QQQ, QQQQ, SHY, SLV, SPY, TBT, TIP, UUP, VB, VWO, VXZ, XLK, XLP, XLV
“The turnaround at Apple (NASDAQ:AAPL) over the past decade is nothing short of remarkable. The company has gone from being a niche maker of computers favored mostly by graphics Read more…
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