Yesterday, the market continued its winning ways for the fifth consecutive day.  The S&P 500 closed within 1% of its all-time high, and the DJI was even closer to its all-time high.  Healthcare, Energy and Technology led the sectors while Financials, Telecom, and Utilities finished slightly in the red.  All three sectors in the red are typically flight-to-safety stocks, so despite lower than average volume, the market appears poised to make new highs. Read more about What the Market Wants: Market Poised to Head Higher: 3 Stocks to Consider

walter / Tag: VLO, NXPI, KS / 0 Comments

Scott MartindaleAs I suspected it might, the stock market bounced strongly last week. Weakness the prior week was due in part to traders exiting positions for vacation during the holiday-shortened week, protecting big capital gains, cashing out to pay taxes on capital gains, and “delta hedging” on put options. However, I’m not convinced that the pullback was sufficient to create the great buying opportunity -- but it was sure a tradable bounce. Read more about Sector Detector: Rejuvenated market seeks follow-through, but earnings loom large

smartindale / Tag: sectors, iShares, ETF, VIX, SPY, IYF, iyw, IYJ, IYZ, IYC, IYK, IYH, IDU, IYM, IYE, FTEC, FHLC, FUTY, FSTA, FIDU, XLK, PPH, FXR, XLNX, RVBD, SLXP, AGN, LLL, EGL / 0 Comments

Last week’s market performance was nasty again, especially for the Small-cap Growth style/cap, down 4%.  Large-caps faired the best, losing only 2.7%.  That’s ugly and today’s market seemed likely to be uglier today with escalating tensions over the weekend in Ukraine.  Read more about What the Market Wants: Positive News and Stocks at Bargain Prices

david / Tag: SWKS, JAZZ, EMES, C / 0 Comments

Scott MartindaleThe sudden bearish turn last week in the market -- after hitting new highs the prior week -- has come fast and furious as selloffs are wont to do. And the pullback might have further still to go. But there are several reasons to expect a stabilization or bounce during this holiday-shortened week, and in any case I still expect that it eventually will turn out to be a great buying opportunity leading to higher prices later in the year. Read more about Sector Detector: Fast and furious selloff provides important market cleansing

smartindale / Tag: sectors, iShares, ETF, SPY, VIX, iyw, IYH, IDU, IYJ, IYE, IYK, IYC, IYZ, IYM, IYF, TFX, EIX, GAS, CELG, VMW, AXE, SOXX, BBH, FXU, FTEC, FHLC, FUTY, FSTA, FENY, FIDU, NFLX, DDD, ACT, JAZZ / 0 Comments

What can we say after yet another sharp sell-off?  Since last Friday’s open, the S&P 500 has fallen nearly 3%, the Nasdaq has fallen more than 4.3% and the Russell 2000 has fallen more than 3%. Read more about What the Market Wants: Market Conundrum

david / Tag: VLO, AAL, NXPI, VIX / 0 Comments

Scott MartindaleAlthough the large caps set new highs early on Friday, small caps and NASDAQ have not come close to their prior highs. Friday closed with extreme weakness across the board, and it was on high volume. The technical picture and our fundamentals-based sector rankings have both taken a bearish turn, so we might see more weakness ahead. Read more about Sector Detector: Rankings take a bearish turn as the flight to safety solidifies

smartindale / Tag: iShares, sectors, ETF, SPY, VIX, JAZZ, NFLX, TSLA, iyw, IDU, IYJ, IYE, IYH, IYK, IYC, IYZ, IYM, IYF, PSCU, IXJ, TAN, PSI, PSX, AGN, HP, WDC, SNDK / 0 Comments

Today’s market was strong with lots of volume to open the week and close the quarter.  The strongest index of the day was the Russell 2000, up 1.8%, followed by the S&P 500, up 0.8%, and the NASDAQ, up 0.7%.  NYSE volume was a strong 810 million.  The S&P 500 squeaked out a narrow 0.7% gain for the month, which is better than the NASDAQ’s 2.5% drop and the Russell 2000’s 1% drop.  The biotechnology ETF, IBB, delivered an exceptionally strong perfo Read more about What the Market Wants: Where are Valuations Now?

david / Tag: IBB, ALK, JAZZ, MRVL / 0 Comments

Scott MartindaleAs Q1 of 2014 comes to an end, we can see that January was extremely weak, February gained it all back, and March treaded water. At this point, as we head into what has been the strongest month of the year over the past 20 years, signals are mixed, with a steadily recovering economy and bullish fundamental indicators mixed with neutral technical and some bearish sentiment indicators. Read more about Sector Detector: Caution flag stays out as stocks continue their consolidation

smartindale / Tag: iShares, sector, ETF, SPY, VIX, EEM, FXI, iyw, IYF, IYH, IDU, IYK, IYC, IYZ, IYE, IYM, IYJ, SNDK, QCOM, COF, SPG, HP, SLB SOXX, PFI, IXC, XPH / 0 Comments

Scott MartindaleBulls continue to climb their wall of worry, as uncertainty from the latest “bricks in the wall” created by Russia in Crimea, slowing growth in China, and Fed tapering fades into the mosaic. Read more about Sector Detector: Doomsayers help keep bull market alive and well

smartindale / Tag: sectors, iShares, ETF, SPY, VIX, iyw, IYF, IDU, IYH, IYE, IYK, IYC, IYZ, IYM, IYJ, FTEC, FNCL, FHLC, FUTY, UPW, XPH, QABA, ROM, SNDK, AAPL, KEY, SIVB, ACT, CELG, FENY / 0 Comments

Today was another surprise Monday.  Short sellers who thought a rough weekend in Ukraine might stir up the war drums again were wrong.  In addition, China took several steps to boost its economy, and the domestic economic reports were fairly positive.  As a result, the shorts capitulated at the opening and risk was on.  The day ended led by the DJI (every stock was positive!), up more than 1%, with the S&P 500 up nearly 1% and the NASDAQ up about 0.8% Read more about What the Market Wants: Risk On? 3 Growth Stocks at Bargain Prices

david / Tag: FIG, URI, MPC / 0 Comments

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