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After gapping higher on the open, the main stock market indexes immediately reversed and surrendered their opening gains within the first half hour of trading. Buyers returned just before midday, sending stock back up to test their opening highs, but the rally attempt fizzled Read more…
Failing to follow through on the previous afternoon’s bullish reversal, stocks sold off across the board yesterday. However, slightly lighter volume eased the sting. The Nasdaq Composite ($COMPQ) lost 0.7%, the S&P 500 ($SPX) fell 0.8%, and the Dow Jones Industrial Average Read more…
Scott Bleier of Create Capital.com loves contrarian plays. Last time he was on Breakout was early July. At that time Bleier suggested adding three European stocks, getting long, and diving straight into the teeth of one of Read more…
Ed Carlson: Certain sectors of the market are known as being market leaders; financials, technology, small caps, etc. Technicians have long-known that without participation by those “market leaders”, rallies in the broader averages won’t be able to sustain themselves. Read more…
Corey Rosenbloom: With half of 2012 behind us, let’s take a quick check of what the Sector Rotation Model is suggesting, both from a Year-to-Date perspective and from the 2012 peak so far. Read more…
Michael Snyder: You can almost always count on the Supreme Court to do the wrong thing. In fact, just about every major decision by the U.S. Supreme Court Read more…
Michael Johnston: After a slew of announcements early Monday prompted speculation that a decision on health care legislation was imminent, we learned that Thursday will be the day for one of the most heavily anticipated rulings in the last several years. Read more…
Jared Cummans: Stocks got off on the wrong foot this week as it was announced that the Spanish economy had entered another recession on top of their already threatening debt crisis. While investors would like to focus on the generally positive earnings on the home front, any news about Spanish debts will Read more…
Jared Cummans: The past week was a relatively unstable one for major equities, as markets teetered back and forth based on economic data and outlooks from all over the world. But earnings season will go into full throttle this week, as some of the world’s biggest and most significant firms detail their most recent Read more…
If a 30% year-to-date rally in the Biotech industry (^BTK) has caught your eye but crimped your courage, it may be time to think again. That’s because for all its short-term strength, the sexy corner of the otherwise stodgy Health Care sector Read more…
Corey Rosenbloom: What is the broader Sector Rotation Model saying about the current rally and state of the market? Good things actually. Read more…
NYSE:XLB, NYSE:XLE, NYSE:XLF, NYSE:XLK, NYSE:XLU, NYSE:XLV, NYSE:XLY
Jared Cummans: This week will watch earnings season continue in full stride as a number of bellwether firms are set to announce their most recent fiscal quarter’s statements. Last week saw some mixed results, with companies like Citigroup and Google missing, while others like Wells Fargo, IBM, and Intel Read more…
Ron Rowland: The final numbers are in, and 2011 was officially a “flat” year for the S&P 500. Without dividends, the large-cap stock index was actually down a fraction. With dividends, it gained only 2.1 Read more…
Corey Rosenbloom: The fact that the S&P 500 “did nothing” in 2011 fails to take into account the performance of the individual sectors of the stock market, some of which returned as much as 15% in 2011. Read more…
NYSE:XLB, NYSE:XLE, NYSE:XLF, NYSE:XLK, NYSE:XLP, NYSE:XLU, NYSE:XLV, NYSE:XLY
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