S&P 500 Technical Analysis Update June 17, 2013

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 been explicit[…]

May 2013 Jobs Data Could Show Fed Has No Reason To Signal Or Taper In 2013

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[…]

Will The March 2013 Jobs Report Lift Stocks?

March 2013 Jobs Report Could Be Next Stock Market Catalyst: Stocks rallied ahead of tomorrow’s all important jobs report as a barometer of how quickly the U.S. economy is growing.  Traders have been cautious all week but today equities caught a bid as traders were more willing to own stocks after ADP’s disappointing private sector[…]

S&P 500 Loses 1 Percent On Poor ADP Employment Data March 2013, North Korea Concerns

U.S. Companies Add 158,000 Private Jobs U.S. companies added a meager 158,000 in March 2013 according to ADP and this was far below what most economists expected.  The increase in private sector jobs in March was slightly below the mean for the last few months and way below what would be considered expansionary.  This leaves[…]