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Corey Rosenbloom: While the NASDAQ recently crested above both its 2011 and 2007 (before the recession) high, the Russell 2000 – an index mainly of small-cap stocks – struggles to overcome its key long-term resistance level. Read more…
Rick Pendergraft: The past year’s market has been a tough one for long-term investors. We saw the S&P 500 locked in a trading range from mid-November through mid-July with 1,250 serving as the low and 1,350 as the top. Read more…
Jeff Nielson: As the collapse of the U.S. economy quickly evolved into the Crash of ‘08; politicians, “experts”, and mainstream media shills were unanimous: the U.S. economy would/could “never experience the Lost Decade” experienced by Japan’s economy after several, huge asset bubbles Read more…
The Daily Capitalist: Yahoo! Finance is currently headlining: “Don’t Fight the Rally: Stocks Soar After Europe Deal, Dow Clears 12,000.” Is that a top-ticking headline? Let’s investigate. Read more…
Joseph L. Shaefer: “History Doesn’t Repeat Itself, But It Rhymes” The above quote, attributed to Mark Twain, has been used and misused to explain many things that did or did not occur and did or did not unfold according to historical precedent. A current favorite is to point out the similarities noted, thus Read more…
Frank E. Holmes: Right now, there are planes full of travelers heading to Las Vegas with dreams of striking it rich. These starry-eyed gamblers would greatly improve their odds by learning how to count cards. Read more…
Justice Litle: Argentina’s president was re-elected in a landslide — even presiding over 25% inflation. Will American politicians follow suit? Cristina! Cristina! The chants are as loud today as they were four years ago. Read more…
Keith Fitz-Gerald: Stuart Varney, host of the aptly named and very highly rated “Varney & Co.” program on Fox Business, put the following question to me in his usual direct style: “Will we have an agreement on Wednesday out of Europe and what will that mean for the markets?” Read more…
Martin D. Weiss: Mark your calendar for two historic days that could shake Wall Street to its foundation and change the Western world forever … The first is Europe’s day of reckoning, postponed to Read more…
George Maniere: Lately I have had many readers write to me about the family of Direxion Triple Leveraged ETF Funds and the Ultra ProShares ETF’s. These are relatively new funds. The first fund was the Ultra ProShares ETF (NYSE:SPXU). SPXU was first introduced in 2009. This Ultra Short ProShares Read more…
NYSE:FAS, NYSE:FAZ, NYSE:SPXU, NYSE:TNA, NYSE:TZA, NYSE:UPRO
David Zeiler: The very austerity measures that Greece implemented to remedy its sovereign debt crisis have crippled its economy so badly the country is actually sinking deeper into the red, making default all but inevitable. Read more…
Chris Ciovacco: As we mentioned yesterday, a fear-induced buying climax may occur in the coming days as shorts cover and managers sitting on cash move to the “I can’t take it anymore” stage. While a sustained break above the 1,266 to 1,276 range on the S&P 500 (NYSE:SPY) would increase the odds of stocks Read more…
Andrew Snyder: Earnings season is off to a strong start. It’s good enough for now, but trouble is brewing. It’s not how we normally do things, but we’ll start with a chart: Read more…
Chris Ciovacco: The most important story as we head into the new week – from Bloomberg: Read more…
Mike Larson: If you didn’t know, read or watch anything before October 4, you’d think we were in the strongest economy and strongest market environment ever! Read more…
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