June 2013 New Home Sales Data Flattens Equities

Did Bernanke Really Put The Brakes On The Housing Market? Sometimes good news is bad news, especially when it suggests Ben Bernanke and the FOMC could start tapering sooner than later.  Today’s housing data showed the market is in good health with new contracts nearing May 2008 levels. U.S. new home sales in June 2013[…]

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 strength indicator/distribution analysis for the[…]

May 2013 Stock Market Rally Takes No Break, Is It Too Late To Get In?

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.[…]

Financials Lead As Market Enters Next Phase Of January 2013 Rally

Financials Lead As Market Enters Next Phase Of January 2013 Rally: Stocks closed higher today led by the financial sector despite Apple’s follow-through downtrend after its earnings were announced yesterday to little fanfare.   The XLF continues to be on a tear and shows investors are hungry for risk.  Risk appetites usually rise after a couple[…]

Markets Firm As January 2013 Rally Continues – Without Apple:

Markets Firm As January 2013 Rally Continues – Without Apple: The stock market has been resilient this year with key sectors gaining attention from investors.  The homebuilders, financials and most of tech are outperforming the market save Apple which has been in decline for several weeks.  Traders are no longer using Apple as a general[…]

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Stocks Lose Early October 2012 Gains As Google And Apple Selling Pressure Continues

Stocks Lose Early October 2012 Gains As Google And Apple Selling Pressure Continues: Stocks continued the market slide from yesterday as investors took more gains from the recent rally. Traders are looking to see if the latest technical support levels can hold and we’ve been watching Apple recently which hasn’t rebounded since hitting a new[…]

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October 2012 Early Gains Fade After September Unemployment Report, Will Support Levels Hold?

October 2012 Early Gains Fade After September Unemployment Report, Will Support Levels Hold? Check Google…. Will the current stock market rally last or has the Romney rally faded as a result of new unemployment numbers that came out last week?  On Friday, the latest non-farm farm payroll report data showed the unemployment level had fallen[…]

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Will The Stock Market Rally Extend To October 2012?

Will The Stock Market Rally Extend To October 2012? Stocks have made a comeback in the last few hours after treading water and drifting downward last week to end the quarter.  It was still a good month and quarter for the stock market (see basic stats here). October 2012 could be a continuation of the[…]

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The S&P 500 Rose 5.9 percent In The 3rd Quarter Of 2012, But Is Sector Rotation Occurring?

The S&P 500 Rose 5.9 percent In The 3rd Quarter Of 2012, But Is Sector Rotation Occurring? Stocks finished flat today with another distribution day as investors steered clear from long positions.  Asian stocks drifted lower as renewed fears about a slowdown in the region increased. Apple continued to slide as market participants kept away from[…]

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Stocks Retreat From September 2012 Rally Apple Hits New High Above $700

Treasuries and the dollar got some attention from investors today as traders took profits after a four day run up in stocks.  The euro rose today and the dollar continued its weakness.  The September 2012 rally may not have faded yet but downward pressure is putting some investors in defensive mode.  There was no real[…]