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[…]

U.S. Economy Adds 175,000 New Jobs & Unemployment Rises To 7.6%, Why Taper?

Why Fed Tapering Talk Should End: All the talk about the Fed pulling the punch bowl on liquidity is a bit premature. Yes the stock market has been rising without pause for a few months but that doesn’t mean the economy is any more solid than 5 years ago when President Obama first entered the[…]

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[…]

S&P 500 Hits 1,600, Dow Crosses 15,000 For The First Time: 165,000 Jobs Added In April 2013

Will The Bulls Remain In Control? The stock market soared after the latest employment numbers were released today.  Most economists and traders, including ToryCapital.com missed the unemployment number for April.  The jobs number was far more than what we were expecting at 63,000 and the number came in over our highest estimate of 88,000 with[…]

Initial Jobless Claims Fall 5.3% To 324,000, The Bullish & Bearish Case For Stocks On The April 2013 Unemployment Data Report

The Jobs Number Tomorrow Could Set Tone For “Sell In May?….” Initial jobless claims fell to a seasonally adjusted 324,000 for the week ending April 27, according to a Labor Department.  Claims for jobless benefits fell 5.3 percent after dropping 2.8 percent in the prior week and most economists were expecting an increase to 345,000. […]

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[…]

Unemployment Rate Drops To 7.7 from 7.9 Percent: Is QE Over?

Unemployment Rate Drops To 7.7 from 7.9 Percent: Is QE Over? Unemployment rate drops to the lowest level in 4 years. Yesterday the unemployment report showed the U.S. economy is gaining strength.  The U.S. economy added 236,000 jobs last month, according to the Labor Department report released Friday.  The January data was revised down from[…]

Predictions 2013: Unemployment Will Fall Below 6 Percent

Predictions 2013: Unemployment Will Fall Below 6 Percent: The U.S. economy is turning around.  Albeit slowly but surely, the conditions for expansion are ripe in 2013 and the sluggish pace of growth could result in a sharp increase in gross domestic product in the second half of the year.  (See our prediction for 2013 GDP[…]

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November 2012 Unemployment Rate Falls To Lowest Level In 4 Years With No Higher Taxes On The Rich

November 2012 Unemployment Rate Falls To Lowest Level In 4 Years With No Higher Taxes On The Rich: The economy is showing more signs of life.  Despite the looming fiscal cliff and the continuing threat on small business owners and families making $250,000, the U.S. economy keeps growing.  The unemployment rate fell from 7.9 to[…]

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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[…]