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Chris Ciovacco: The iShares China 25 ETF (NYSEARCA:FXI) remains 26% below its 2010 high, leaving the door open to a possibly attractive opportunity to “buy low”. As we noted late in Thursday’s session, the short-term risk-reward ratio for most risk assets is unfavorable. 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…
Ron Rowland: ETFs may not be the best thing since sliced bread, but they’re still pretty darn handy. I’m not sure how we ever invested without them. Read more…
Chris Ciovacco: Tech stocks have been laggards in recent weeks, which has been a little concerning for the current rally despite the numerous bullish signals we outlined on July 16. Earnings may provide a needed push for tech stocks. From Bloomberg: Read more…
Corey Rosenbloom: We’re hearing much talk about the potential Bear Flag pattern on the S&P 500 Daily Chart. Read more…
Today should be another fun day as Bernanke moves from the Senate to the House! I’m sure it will be humorous to watch these guys who can’t overcome our broken political system to get a single thing done in Washington try to make Read more…
Futures are up 4-7 handles ahead of Big Ben’s testimony before Congress today and tomorrow. Yesterday was a somewhat constructive but typical inside day after Friday’s big move. The news rolling in continues to be negative, but the market Read more…
Futures have been quiet, but are off just a bit. Some digestion makes sense after the size of Friday’s gains. On Thursday, markets briefly broke below $SPX 1330-1333, but closed above it, relieving some pressure for a slight outside day. (NYSE:JPM) Read more…
Chris Ciovacco: The markets face numerous problems, including still-elevated bond yields in Spain and Italy, slowing global growth, and the media’s latest obsession…the dreaded “fiscal cliff”. Yet, despite all that, stocks and commodities are flashing bullish signals. Read more…
Stoyan Bojinov: Investors of all walks have embraced ETFs as the investment vehicle of choice when it comes to accessing virtually any asset class in the global market. Read more…
Futures are up a bit after one of the longest losing streaks of the year. It seems like we’re oversold enough for some type of bounce, but my gut tells me it won’t be much. The SPY is trading around $134.00 as I write this. Above yesterday’s high of $134.10, there could Read more…
Ed Carlson: Lindsay’s model, Three Peaks and a Domed House, has a fantastic track record of calling bull market tops for over 100 years; often to the exact date and usually to within three days. The ability to create such an exact forecast requires the integration Read more…
Michael Johnston: Earlier this week, the ETF Industry Association released its June 30 batch of ETF data, providing an interesting snapshot of this fast-growing industry. It should come as no surprise that ETF assets continue to surge; the industry is quickly closing Read more…
Futures are up a bit as yesterday, as we had a huge travel range from yesterday’s morning high to the close. There are, however, some pretty ugly candles after the IBD put the overall market back under pressure. Many momentum leaders are starting to Read more…
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