Equities Flip-Flop As Trading Sentiment Turns Shaky: Stocks flipped-flopped ending the day with modest losses as traders changed sentiment from positive to negative several times. The Dow changed from up 30 to down negative 30 in the current extended rally that hasn’t had much of a correction. Our technical analysis chart/relative strength indicator/distribution analysis for the…
Is now a good time to get in? A few negative economic data points helped keep the stock market from posting new index highs yesterday. The most important data released was new housing starts and initial jobless claims that were more negative than anticipated. New housing…
The Most Hated Stock Market Rally Just Got More Institutional Friends: Stocks jumped yesterday as more smart money stayed bullish and shorts were forced to spend money on ‘shovels’. Some of the “hold your nose buying” we said would occur happened as big players stepped in and…
Tech takes lead in May 2013 Stock Market Rally: Stocks continue rallying with the NASDAQ hitting a 12 year high today as positive sentiment keeps lifting the major averages. We were reticent to be more than neutral over the past week and not much happened…
Sell In May And Go Away Isn’t Working – Yet? The Dow Jones Industrial Average closed above 15,000 for the first time ever as positive market sentiment kept shorts from stepping in. The rally in U.S. stocks has stopped large distribution days from occurring but…
Japan follows U.S. equity rally 2013: The U.S. stock market isn’t the only one on a tear. After Malaysian stocks hit new highs yesterday, Japan’s Nikkei crossed 14,000 for the first time since June 2008. Markets are receptive to easing worldwide with stocks hitting new…
Did Siegel Low-Ball It? The stock market is on a tear with several sectors rising. Asian stocks were up big today with Malaysian stocks after election results lifted sentiment with volume was up 2000 percent from the 30 day moving average. Globally, there may be…
Will The Bulls Remain In Control? The stock market soared after the latest employment numbers were released today. Most economists and traders, including ToryCapital.com missed the unemployment number for April. The jobs number was far more than what we were expecting at 63,000 and the…
The Jobs Number Tomorrow Could Set Tone For “Sell In May?….” Initial jobless claims fell to a seasonally adjusted 324,000 for the week ending April 27, according to a Labor Department. Claims for jobless benefits fell 5.3 percent after dropping 2.8 percent in the prior…
