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After two days of strong buying, stocks took a break on Monday, as they closed modestly lower on light trade. All of the major indices ended the session approximately in the bottom third of their respective ranges. However, the intraday ranges were fairly tight, which is a good Read more…
Polls released yesterday showed President Obama has a narrowing lead nationally over Mitt Romney. The Wall Street Journal / NBC News Poll shows Obama out-polling his presumptive opponent in November’s election at 47% to 44%, nationally, and having a much Read more…
New home sales are rising the most since April of 2010 and beating expectations. Bill Procida of Procida Funding & Advisors explains Read more…
Stoyan Bojinov: Stocks endured a choppy session yesterday after the Fed announced it will extend the “twist” program while at the same time issuing a concerning economic outlook. Hopes for additional stimulus remain on the table as Chairman Bernanke Read more…
Tom Essaye: Professional traders look at more than just movement of the averages to gather insight into the direction of markets. In particular, they look at the internals of a market, Read more…
Stoyan Bojinov: Profit taking pressures continue to sweep over global markets as investors expressed their concerns over the latest developments in the debt burdened currency bloc. Greece will host another round of elections in an effort to form a ruling coalition, although the bigger question Read more…
There’s nothing like some good news to tick this market off. Weekly unemployment claims post their sharpest retreat in a year, and stocks sell off. Add in a defiant European Central Bank that is unwilling to throw in the towel on the region’s Read more…
Chris Ciovacco: As we mentioned Tuesday, the reaction to Wednesday’s Fed statement is important to the market’s intermediate-term direction. However, Apple’s (AAPL) strong earnings have provided investors with a reason to step up to the buyer’s plate. From Bloomberg: Read more…
Over the years, followers of the Swiss economist Marc Faber have come to expect the unconventional, or at least the unpopular, when it comes to contrarian themes and investment ideas within his publication The Gloom, Boom & Doom Report. That is why his latest Read more…
Ian Wyatt: A week ago in this space I wrote about the improving forecast for the housing market and why now is a good time to invest in housing stocks. But there’s a much easier way to play the housing Read more…
Jeff Nielson: Every month, the U.S. propaganda machine plays the same game in the housing sector. It announces “new home starts”. Then a few days later it announces “new home sales”. But it never, ever, ever talks about the two numbers in the same news item. Read more…
Shah Gilani: Forget about optimistic headlines on the housing market. Whether it’s record low mortgage rates, improvement in the Case-Shiller Index, higher housing starts, or any other report, Read more…
David Zeiler: The long-anticipated housing market rebound will hit a speed bump this year as the number of foreclosures rises again. With January’s mammoth $26 billion settlement between five major banks and a group of state attorneys general, foreclosures that had been held up for a year or more are Read more…
Jared Cummans: Last week saw equities continue their surge, as the Dow made a case to hold well above the 13,000 level and the S&P was able to cross the 1,400 benchmark. While a number of investors are cheering on the rally, the rapid rise has many worried that some kind of pullback is overdue and that Read more…
Chris Ciovacco: As shown below, the market is currently being carried by tech, retail/consumer discretionary, and banks. These sectors do have a big impact on the daily movement in the S&P 500 Index (NYSEArca:SPY) – so gains can continue, but we would prefer to see leadership broaden in the Read more…
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