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Daniela Pylypczak: It was another slow week on Wall Street, as markets struggled to pick up any momentum. Mixed economic data from across the globe had stocks straddling the flat line for the majority of the week. Last week’s lackluster GDP reports from Japan and Germany Read more…
Ron Rowland: It’s easy to get caught up in recent stock market action. Then there are investment advisors who often go to the other extreme, urging their clients to ignore current events and think “long term.” The correct answer is somewhere in between. Read more…
Stoyan Bojinov: Domestic equity indexes finally slipped lower yesterday following a solid three-day rise. Stocks were hit as investors worries over the Euro zone resurfaced, consequently sparking a rally in the gold market. Futures prices for the yellow metal soared over $30, managing to close just around Read more…
The market held in very strong yesterday, bouncing off the most shallow retracement level. When the market doesn’t get even a re-test of secondary support, it is an extremely bullish sign. We outlined the 1187-1195 area in the S&P, and this morning we are back knocking on that 1220 door Read more…
US stock futures point to a lower open on Wall Street Thursday following Wednesday’s final hour reversal. The market is tracking declines in European markets, with the Stoxx Europe 600 Index dropping 1%. Bulls will look to protect key retracement levels and hold onto gains from the Read more…
Despite signals from the bond market that there is a 60% chance of recession and little more than promises from European leaders that they are just about to fix their debt and banking crisis, investors have gorged themselves for five-days at a smorgasbord of cyclical treats and a Read more…
US stock futures look to be digesting yesterday’s gains on Tuesday morning after all major indices jumped around 3% to start the week. World markets are a bit jittery this morning as Slovakia is set to vote on plans to bolster the European Financial Stability Fund. The country’s Freedom and Solidarity party is expected to abstain from the vote, leaving the government short of votes needed for Read more…
A promise from France and Germany to recapitalize Europe’s banks continues to drive the bullish action, as futures are 12-15 handles higher this morning. Over the weekend leaders of the Europe’s Read more…
NASDAQ:QQQ, NASDAQ:QQQQ, NYSE:MOO, NYSE:OIH, NYSE:SPY, NYSE:XLI
Corey Rosenbloom: What is the broader Sector Rotation Model saying about the current state of the stock market? Let’s take a look from two perspectives: January to October (year to date) and then from the May 2011 peak to present. Read more…
NYSE:XLB, NYSE:XLE, NYSE:XLF, NYSE:XLI, NYSE:XLK, NYSE:XLU, NYSE:XLV, NYSE:XLY
US stock futures point to a higher open Thursday after Germany’s lower house of parliament voted to approve enhanced powers for the European Financial Stability- the Euro Zone’s Bailout fund. Read more…
Eric Dutram: As the European debt crisis goes on the back-burner thanks to hopes for a new bailout package, focus is beginning to shift back to the United States and our own economic problems. Read more…
Stocks posted solid gains on Monday but on mixed trade. In a whipsaw session stocks began the day higher but sold off until 10:30 at which time the market caught a bid, steadily climbed until noon, reversed again and sold off until 2:00pm and then rallied sharply into the close. Read more…
S&P futures are down 23 handles after a bit more subdued action over the last few days. There seemed to be some underlying weakness so far this week, but each time the market has looked in trouble buyers stepped in to save the day. As we have stated all week, now is not a time to get loose and sloppy with your trading. The action is almost entirely headline driven, so it has been very likely that we would get more troubling headlines that Read more…
After a bloody start last week, investors were far more cheerful to come back this time around as equity indexes broadly rose yesterday, posting the third day of gains following one of the wildest weeks on Wall Street. Stocks opened higher on Monday morning as investor optimism got a bit of a Read more…
The bearish pattern is complete on the industrials and homebuilders. That was fast! If you take a look at these two charts- we showed you the Technical Bearish Pattern in the Industrials and the Homebuilders. They helped to give clues that SPY pattern could Trigger (NYSE:XLI)- just met the measure the move of 31-32. If you are short them, this is a spot to cover shorts and perhaps be prepared for a bounce. It’s Read more…
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