Scott MartindaleThe Dow Jones Transportation Index is up an impressive +16.7% year-to-date through Wednesday, as it runs interference for the broader Dow Industrials (up +10.8%) and tries to prod the bulls ahead.

smartindale / Tag: sectors, iShares, ETF, SPY, VIX, AAPL, iyw, IYK, IYF, IYE, IYJ, IYM, IDU, IYZ, IYH, IYC, FFIV, CACI, ENR, WHR / 0 Comments

The week started out well as insured depositors were spared in Cyprus, and that resonated well with investors.  Furthermore, last week’s domestic economic data was quite positive especially for housing.  The Philadelphia Fed Survey was much better than expected; Initial Jobless Claims remained in the low 300K area; and LEI were as expected.

david / Tag: AAPL, JPM, LYB, KR, AMGN / 0 Comments

“Mastering others is strength. Mastering yourself is true power.”  -- Lao Tzu

However the banking debacle in Cyprus plays out over the next few days and weeks, it should serve as a reminder that, economically speaking, much of Europe remains on shaky ground.

daniel / Tag: AAPL, SPX, DJIA, EZU, PSCT, SOXX, FDN, TECL, IGV, SMH, FXL, QTEC Technology Sector, Eurozone, Cyprus, ECB, EC, TROIKA, GDP, IMF / 0 Comments

Scott MartindaleWell, you gotta hand it to the bears; they are pulling out all stops in their effort to derail the bull train, just as the S&P 500 tries to eclipse its all-time high. This time they trotted out the tiny republic of Cyprus (pop. 1.1 million) and its battle with the EU over the terms of its financial bailout. Steal a big chunk of depositors’ accounts?

smartindale / Tag: sectors, ETF, iShares, SPY, VIX, IYH, iyw, IYF, IYJ, IYE, IYK, IYC, IDU, IYZ, IYM, CREE, CVLT, BEN, PRAA / 0 Comments

This week began on a very ugly note after the IMF, ECB, and EC revealed over the weekend they are requiring Cyprus to levy a tax on its depositors. This, they felt, was needed to raise approximately one half of bailout funds needed by the government to, among other things, shore-up its banks after taking “big hits” to their capital structure from the disastrous fall in Greek bonds held by the Cypriot banks.

david / Tag: undefined / 0 Comments

Try not to become a man of success, but rather try to become a man of value.” -- Albert Einstein

Ben Bernanke is back for yet another close-up this week, and in spite of a certain degree of dissent amongst the Fed ranks, chances are better than even-money that the press conference that follows this week’s gathering of the Federal Open Market Committee Meeting (FOMC) will find Big Ben indicating that the super low interest rates, strong stimulus tack will remain in place.

daniel / Tag: SPX, DJIA, COMP, PSCT, SOXX, FDN, TECL, IGV, SMH, FXL, QTEC, Technology sector, FED, FOMC, BERNANKE / 0 Comments

Scott MartindaleI was watching the ABC World News the other evening, and I was struck by the commercials they ran. The target demographic is obviously an older crowd (and since I was watching, I guess that includes me). Advertised products within the short 30-minute newscast addressed a variety of age-related ailments like low-T, erectile dysfunction, overactive bladder, constipation, hemorrhoids, and loose dentures.

smartindale / Tag: sectors, iShares, ETF, SPY, VIX, MPC, GNW, AL, ALK, MTW, EPL, VMW, CACI, AWH, BLK, iyw, IYF, IYK, IYJ, IYH, IYC, IYE, IYM, IDU, IYZ / 0 Comments

After a bullish performance last week, the market began the day a little off but managed to fight its way into increases across the major indices with S&P 500 closing at 1556, just 9 points shy of its record closing high in 2007.

david / Tag: MPC, CTB, GNW, STX / 0 Comments

Our goals can only be reached through a vehicle of a plan, in which we must fervently believe, and upon which we must vigorously act. There is no other route to success.  -- Pablo Picasso

The Bulls rocked out last week, clearing the table of mostly all things Bearish, with the major indices going five for five in terms of winning days.

daniel / Tag: FXI, SPX, SOXX, FDN, TECL, IGV, SMH, FXL, QTEC, Technology sector, China, PMI / 0 Comments

Scott MartindaleCash flush investors who have been waiting for a buying opportunity must be feeling like the guy standing outside the sold-out concert looking for someone willing to sell him a ticket. Stocks just won’t pull back much, despite a huge wall of worry that one might expect would put some quicksand under the bulls’ feet.

smartindale / Tag: sectors, ETF, iShares, SPY, VIX, iyw, IYF, IYK, IDU, IYH, IYJ, IYE, IYM, IYC, IYZ, CTSH, TRV, BLK, QCOM / 0 Comments

The dreaded sequestration went into effect on Friday, and the market continues to be nervous about how it will play out.  Market sentiment seems to be that Congress will do little or nothing this month as the first effects of the budget have been relatively mild, like the cancelation of air shows by the U.S. Navy Blue Angels and the U.S. Air Force Thunderbirds. That attitude is likely to change as sequestration cuts begin to affect more sensitive areas like school funding and Medicare. The bottom line is, either Congress and the President will start learning how to play together for the good of the country, or the automatic budget cuts will take effect which will send ripples if not major quakes through the entire economy.

There is one quality which one must possess to win, and that is definiteness of purpose, the knowledge of what one wants, and a burning desire to possess it. -- Napoleon Hill

Wall Street seems to be feeling frisky lately, with major indices testing, poking and prodding record highs. And, in spite of the fact that the CBOE Volatility Index has been jolted back to life, the domestic economy seems to be exhibiting tendencies of slow, steady but solid growth.

But will Washington politics manage to upset Wall Street’s upbeat apple cart?

daniel / Tag: DJIA, SPX, COMP, PSP, KBE, KRE, IYG, XLF, ISM / 0 Comments