The stock market has been on cruise control for the holidays, with the bulls teasing the bears occasionally but giving little back. Powered by the Fed’s cash machine, the SPY has continued on its strong December path. The market is now in blue sky territory, and not even China interest rate hikes and lower consumer confidence readings can stop it. Read more about Sector Detector: Technology Rises while Basic Materials Falls in Rankings
“And it's interesting, when you look at the predictions made during the peak of the boom in the 1990s, about e-commerce, or internet traffic, or broadband adoption, or internet advertising, they were all right - they were just wrong in time." ~ Chris Anderson
The bulls continue to steamroll bears during December, despite closing November with ominous weakness. Powered by the Fed, the SPY bounced convincingly from strong support at 118 and has not looked back, even powering through November resistance at 123 with only a brief pause to reload. Read more about Sector Detector: Healthcare and Technology Retain Top Scores as Holidays Arrive
Not much activity for the month of December in the RSY portfolio. Could almost say it is starting to be a lazy portfolio. LZ did provide a dividend of $36 for the 100 shares of LZ which was recorded on December 10th. RSY has not yet found another stock to add to the portfolio. Read more about Rock Solid Yields (RSY): Sell TSH, LZ Dividend
Phil explains how the oil markets are a colossal scam, once again enriching the big bankers at the expense of everyone else. And of course, our propaganda machine mainstream media is making matters worse rather than engaging in objective reporting. - IleneRead more about Fake-Out Thursday – Oil Scam Continues Unabated
The Guggenheim Insider Sentiment ETF (NFO) -- which is based on the Sabrient Insider Sentiment Index -- has beat the market since its inception in 2006. This article from TheStreet.com (originally published at Insider Monkey) tells you why . . . Read more about News & Events: Insider Trading ETF Outperforms Market
Normalcy is the best way to describe the ISM reports for November. The indexes show a steady growth for both the manufacturing and non-manufacturing sectors. Econoday states it as following for both sectors.
ISM Non-Mfg Index:
This report falls in line with the run of other data, this morning's employment report excluded, that are pointing to moderate, steady economic growth ahead. (1)
Foot Locker Inc. (FL) is rated a StrongBuy by Sabrient for its "top momentum score {92}, along with a solid growth profile {67.6}". It also boasts an outstanding Timeliness Score of 97 and a good Earnings Score of 81.7 which measures "overall earnings performance and projected outlook". (The scores are percentile rankings from 0 to 99.9. Higher scores are Read more about Rock Solid Yields (RSY): Buy 400 FL at $19.29; Portfolio Update.