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Thomas Carreno: The Financials ETF (NYSEArca:XLF) is currently showing a possible gartley butterfly sell pattern. If the pattern is valid then we should begin to see very soon a sell off in the XLF Financials ETF. The pattern and its bearish implications will not work if we start to see the XLF trade higher Read more…
Michael Snyder: The people out there that believe that the U.S. economy is experiencing a permanent recovery and that very bright days are ahead for us should have their heads examined. Read more…
Stoyan Bojinov: Although uncertainty continues to linger across financial markets, investors’ confidence in the global economic recovery has without a doubt improved considerably going Read more…
The Select Sector SPDR Trust, which offers a family of exchange-traded funds (ETFs) that divide the S&P 500 into nine individual sector funds, saw its average monthly assets climb 32 percent, or $10.5 billion, in 2011, further entrenching its position as the largest sector ETF family. Launched in 1998, Read more…
Stocks fell on Thursday amidst quicker trade. The market gapped higher at the open but stocks struggled for most of the day, and by the close, had pulled the major averages near session lows. All five major indices fell on the day. The S&P MidCap 400 showed the most relative weakness as it slid 0.7%. Read more…
US stock futures point to a higher open on Wall St Thursday, following gains in European markets. Overseas markets today got their first chance to react to the Fed’s decision to keep rates near 0% until late 2014, and most are up more than 1%. Commodities also Read more…
Ian Wyatt: Big bank stocks had a good showing last week, with share prices rising across the board. The six biggest U.S. banks by market capitalization gained an average of 8% during the holiday-shortened week in which each released its 2011 fourth-quarter earnings. Since the financial sector is the Read more…
US stock futures are mixed on Wednesday morning, with the Nasdaq set for a higher open on the heels of Apple (NASDAQ:AAPL)’s impressive quarter. The Read more…
US stock futures point to a lower open Tuesday after a five-day winning streak for the S&P. Volume has been light in the up-move and yesterday the index rallied late to post a marginal gain, but today is the first sign of some real anxiety across Read more…
Sy Harding: In 2008 it was a sure thing the bursting of the real estate bubble (NYSEARCA:IYR), the collapse of the sub-prime mortgage market, the freeze-up of the banking system (NYSEARCA:XLF), the ravages of the ‘Great Recession’, collapse of the auto industry, bailout of mortgage- insurance Read more…
US stocks are opening slightly lower on Friday, digesting a slew of corporate earnings and focusing an eye on the debt talks in Greece. Google (NASDAQ:GOOG) missed EPS last night by $1 and the stock is trading sharply lower, although off last night’s lows. The market, Read more…
Jim Trippon: Time was when bank stocks provided some nice, stable dividend yields. That ended abruptly after the financial crisis of 2008-2009 when many of the larger US banks became happy just to stay in existence. The days of investors buying large US bank stocks for stable dividends was gone. Read more…
US stock futures are up almost 0.5% Thursday morning, tacking on further gains after Bank of America (NYSEArca:BAC) turned a surprising profit in Q4 2011. The downtrodden bank reversed a loss from the year earlier, earning $2 billion by selling debt and offloading its stake in Read more…
Jeff Nielson: Following the Crash of ’08, when the mainstream propaganda machine was desperately trying to “put a happy face” on the collapse of the U.S. economy, a ridiculous two-part economic myth was first spawned, and then regurgitated millions of times by media talking-heads: ordinary Read more…
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