Does The Stock Market Want An October 2013 U.S. Government Debt Default?

No – However……. The U.S. government has been shutdown for the past 2 weeks and the market has been exceptionally resilient. Two weeks ago I speculated the U.S. government shutdown would have little or no impact on market sentiment. The small cap exchange traded fund IWM wasn’t signaling a sharp decrease and tech stocks declined[…]

Russell 2K Closes At All Time High July 2013 After Bernanke Speaks Accommodatively

The recent rally in stocks has had many haters and new ones will be coming to the fore shortly.  The ‘most hated’ rally in history moved up another leg today after Ben Bernanke’s speech yesterday clarified which way the Fed will be headed.  The two most major initiatives of the FOMC are to monitor inflation[…]

S&P 500 & Homebuilders Break Upward Momentum As Bernanke Caves In Roof

S&P 500 & Homebuilders Break Upward Momentum As Bernanke Caves In Roof: Chairman Ben Bernanke may have single  handedly stopped the ‘wealth effect’ he helped create as short sellers took over the market definitively today dropping the Dow Jones Industrial Average 137 points.  Traders dumped everything including bonds and stocks. with equities continuing the downside[…]

May 2013 Best Since 2009 For Equities, Here’s 5 Reasons Why

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[…]

s&p 500 technical analysis chart 6 months ended may 28 2013

Sell In May And Go Away Fails Again In 2013

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[…]

Equities Make Comeback After 2013 Worst Day Ever On Housing And Consumer Data

Equities Make Comeback After 2013 Worst Day Ever On Consumer And Housing Data Will it last? Stocks made a strong comeback today after the Dow Jones Industrial Average fell over 200 points yesterday to close with the worst point loss in 2013 so far.  After 3 weeks of severely tight trading, stocks broke out of[…]

February 2013 Rally Fades As Dow Loses 216 Points

February 2013 Rally Fades As Dow Loses 216 Points: Dow Jones Industrial Average Has Worst Day Of 2013. The Dow Jones Industrial Average fell triple digits as investors lost their appetites for risk.  The Dow fell 216 points to 13,784 and the selling got stronger towards the end of the day.  We have been neutral[…]

Financial Exchange Traded Fund XLF Hits 4 Year High, Is There Another Leg To This Rally?

Financial Exchange Traded Fund XLF Hits 4 Year High, Is There Another Leg To This Rally? The financials are leading the market again.  That hasn’t happened since before the crash of 2007-2008 and it’s a strong signal that the market could have a stronger long-term rally in the makings.  The highly watched XLF exchange traded[…]

Will 2012 Fourth Quarter Earnings Really Be ‘That Bad’?

Will 2012 Fourth Quarter Earnings Really Be ‘That Bad’? A ‘what if?’ scenario…. The 2012 fourth quarter earnings season has just begun and it’s off to a good start with Alcoa showing the economy domestically as well as globally on the cusp of a rebound. A less worrisome Europe and rangebound economic activity in China are[…]

google six month techical analysis chart ended october 5 2012

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[…]