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 starts dropped 16.5 between April and March 2013, which is…
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 a parabolic move up took shorts out of the market.…
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 until today. The U.S. stock market rally still has legs…
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 it’s possible that institutions could pause in the near-term as…
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 highs across major indexes mostly relative to before the financial…
