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 yesterday was 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 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…
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 a shifting tide towards growth and risk. The S&P 500…
