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[…]

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[…]

standard and poor's 500 6 month chart ended october 1 2012

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[…]

iwm stock chart september 2010 to september 2012

Financials and Small Caps Rise Ahead Of September FOMC Meeting 2012 On QE3 Expectations, German Court Ratifies EFSF:

Financials and Small Caps Rise Ahead Of September FOMC Meeting 2012 On QE3 Expectations, German Court Ratifies EFSF: The sectors we are watching carefully moved up as traders await news from the Fed on QE3 at the September 2012 meeting.  Fed Chairman Ben Bernanke will let market participants know more tomorrow and some traders moved[…]

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ISM Contracts For 3 Straight Months As Investors Await ECB and August 2012 Unemployment Rate

ISM Contracts For 3 Straight Months As Investors Await ECB and August 2012 Unemployment Rate: The Institute for Supply Management index reading today was more proof the economy is in slow recovery mode.  The ISM dropped to 49.6% in August from 49.8% in July.  This is the worst reading since July 2009 and the trend[…]

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Case Shiller 2012 June Shows Home Prices Bottomed But With High Unemployment, Will It Stick?

Case Shiller 2012 June Shows Home Prices Bottomed But With High Unemployment, Will It Stick? The S&P/Case-Shiller index shows home prices in June 2012 increased for the top 20-cities it tracks.  Housing prices increased from the same month a year ago which is the first time there has been such an increase since the summer[…]

iwm stock chart 6 months ended august 20 2012

Small Caps And Tech Must Lead For The August 2012 Rally To Continue

Small Caps And Tech Must Lead For The August 2012 Rally To Continue: The market may be taking a breather in the short run after several days of consolidation and rangebound trading.  U.S. equities broke to the upside at last week but many investors are still skeptical of this rally and are underweight stocks.  For[…]

iwm russell 2000 ishares chart 6 months ended august 16 2012

Small Caps Participate As August 2012 Rally Continues, Jobless Claims Relatively Unchanged

Small Caps Participate As August 2012 Rally Continues, Jobless Claims Relatively Unchanged: Small caps finally caught up to the overall market as stocks jumped after digesting more positive news about the economy even though Walmart didn’t help equity prices rise today.  Initial jobless claims were part of the positive sentiment in today’s trading. Jobless claims for[…]

Stocks Stay In Tight Range As Early August 2012 Trading Lulls On Exceptionally Light “Vacation Volume”

Stocks Stay In Tight Range As Early August 2012 Trading Lulls On Exceptionally Light “Vacation Volume” Traders were reticent to make bold moves in the last few trading days as the NASDAQ and S&P 500 crept higher but with no conviction.  The Dow Jones Industrial Average fell to 13,165.19 -10.45 or -0.08%, the  NASDAQ rose[…]