August 2013 S&P 500 Technical Analysis Update

Today the market showed some signs of losing momentum and it was the second of two down days in a row for the Dow Jones Industrial Average in over a month.  Traders are set for summer doldrums associated with possible seasonal declines and technical analysis levels also show the overall market could be temporarily exhausted[…]

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[…]

Technical Analysis Note: S&P 500 April 8, 2013

S&P 500 trend is rangebound/upward: The S&P 500 pulled back to levels that were considered support on Friday after a dismal jobs number was announced showing a gain of only 88,000 new employed people for the month of March 2013.  The stock market was extremely resilient considering the bad data as well as the negative[…]

January 2013 Stock Market Rally Shows Signs Of Weakness- Time For Sector Picking

January 2013 Stock Market Rally Shows Signs Of Weakness- Time For Sector Picking: It’s way too early to assume the recent rally in U.S. equities is over but there were some early signs today the market could be overextended.  This doesn’t mean the S&P 500 January 2013 rally can’t gain a few more points but[…]

January 2013 Rally Continues As Early Earnings Reports News Positive, Draghi Comments

January 2013 Rally Continues As Early Earnings Reports News Positive, Draghi Comments: Stocks climbed higher today after news abroad from Mario Draghi, President of the European Central Bank made it clear the EU will not be raising interest rates anytime soon.  The news coincided with some brief optimism from U.S. earnings reports that started earlier this[…]

xhb etf six month chart ended october 19 2012

Technical Analysis Note For Week Ended October 26, 2012 – Watch Housing

Technical Analysis Note For Week Ended October 26, 2012 – Watch Housing: The stock market has been under pressure for the last two days and we have been reassessing our portfolio after a strong down day Friday.  The leadership from small caps, tech and the financials eroded towards the end of the week with stocks[…]

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April 2012 Jobs Number Disappoints As Expected, Unemployment Rate Dips To 8.1 Percent -What Is the Fed Predicting?

April 2012 Jobs Number Disappoints As Expected, Unemployment Rate Dips To 8.1 Percent -What Is the Fed Predicting? The job market in the U.S. isn’t improving.  The economy added a meager 115,000 jobs in April which was much lower than consensus estimates of 170,000 jobs.  Our forecast was for an increase of about 120,000 jobs[…]