Stocks Look Shaky Before FOMC Meeting June 2013:
Stocks are hitting resistance levels in a much more volatile week than most traders expected. Many market participants are hedging just in case Ben Bernanke uses the “T word” tomorrow, but how can Bernanke mention tapering as opposed to possibly expanding QE?
Chairman Bernanke has [...]
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S&P 500 Technical Analysis Updat...
Stocks Look Shaky Before FOMC Meeting June 2013:
Stocks are hitting resistance levels in a much more volatile week than most traders expected. Many market participants are hedging just in case Ben Bernanke uses the “T word” tomorrow, but how can Bernanke mention tapering as opposed to possibly expanding QE?
Chairman Bernanke has [...]
May 2013 Jobs Data Could Show Fed Has...
Recent Fed Signaling May Be Too Early Depending On May 2013 Jobs Data:
The stock market has been on a tear recently but Fed officials have been making comments that are getting market participants nervous. This week’s ISM report, ADP payroll information and initial jobless claims data shows this approach may have been a bit premature. [...]
May 2013 Best Since 2009 For Equities...
Will June 2013 Be Better Than May?
The stock market has been on a tear recently and May 2013 was profitable for bullish traders. Bonds took a drubbing as risk lovers gobbled up stocks and June 2013 could be another good month. There are lots of reasons for the 2013 rally but here are a five that could be the biggest drivers of stocks rising [...]
Sell In May And Go Away Fails Again I...
S&P 500 Closes In On New Highs After Inside Outside Gap Up Day:
Stocks hit our resistance levels and show no clear advantage to sellers or buyers. Short- term trends could favor buyers on dips but there are some reasons to look more carefully at intermediate trends. Key stocks that made gains all year are hitting resistance levels.
We a [...]
Stocks End Inside-Out After Fed-Speak...
May 2013 Rally Fizzles, Is This A Buying Opportunity?
The stock market lost ground yesterday after Fed speak hyped the equity buyers but sellers took over. We anticipated a distribution day and traders changed sentiment with little economic data to end upward momentum. We expected an increase in volatility and the inside-outside movement ye [...]
Is May 2013 Equity Volatility Rising?
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 stren [...]
May 2013 Stock Market Rally Halts As ...
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 in line wit [...]
May 2013 Stock Market Rally Takes No ...
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 th [...]
NASDAQ Hits 12 Year High As May 2013 ...
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 and shorting stocks hasn’ [...]
Dow Closes Above 15,000 For First Tim...
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 [...]
