Scott MartindaleCentral banks reiterated their commitment to supporting the global economy, and US investors showed their approval. The central banks are clearly prepared to keep the liquidity flowing for now, austerity be damned. Such statements are music to investors’ ears.

smartindale / Tag: iShares, ETF, sectors, SPY, VIX, TSLA, HRS, CACI, BLK, SPG, IYF, iyw, IYK, IYH, IYC, IYE, IYM, IYZ, IDU IYJ / 0 Comments

Surprise!  The market roared ahead this morning with all three major domestic indices up at least 1.5%. The move was triggered by a weekend with little negative economic news domestically and globally.  Then this morning, an impressive increase in Consumer Confidence to 76.2, which was not only well above last month’s 68.1 and the projected 72.5 but also a 5-year high, provided investors something to cheer about.

david / Tag: JAZZ, COF, TSO, WAL / 0 Comments

Everything we shut our eyes to, everything we run away from, or despise, serves to defeat us in the end.” -- Henry Miller 

Last week’s market action might be seen as an indication that the Bulls may be wavering in their conviction to some degree, as volatility in the market gained traction over the last three days of the week.

daniel / Tag: DJIA, COMP, SPX, IYK, VIX, Consumer Goods Sector, FED, volatility, Nikkei / 0 Comments

Scott MartindaleThe market went through some gyrations on Wednesday in reaction to Fed Chairman Bernanke’s testimony before the Joint Economic Committee. He first defended continued quant easing by warning, “A premature tightening of monetary policy could lead interest rates to rise temporarily but also would carry a substantial risk of slowing or ending the economic recovery.” Stocks dutifully rallied and all major indexes hit new intraday highs.

smartindale / Tag: ETF, sectors, iShares, SPY, VIX, GS, HPQ, IYK, IYF, iyw, IYH, IYC, IYM, IYJ, IYE, IDU, IYZ, MIDD, BG, MKL, PRAA / 0 Comments

So, what did the market want today?  Nothing it appears.  It traded on weak volume and had very little movement.  This morning the market hated commodities especially silver, but by days end, the market liked silver, gold and even oil but not the dollar.  Why?

david / Tag: SWHC. ECPG, RJET / 0 Comments

Some of us think holding on makes us strong; but sometimes it is letting go.” -- Herman Hesse

This is one obsessed Bull that is raging through Wall Street at the moment.

daniel / Tag: DJIA, COMP, SPX, IYK / 0 Comments

Scott MartindaleIt seems that every Tuesday in 2013 since January 8 has been positive on the Dow. And this past Tuesday was no exception. Now that sounds like a trend to put money on -- buy the SPDR Dow Jones Industrial Average ETF (DIA) at the close each Monday and close out the position late on Tuesday.

smartindale / Tag: sectors, ETF, iShares, SPY, VIX, IYK, IYF, iyw, IYH, IYE, IYJ, IYM, IDU, IYZ, IYC, VFC, INGR, MKL, HHC / 0 Comments

"If you simply try to tell the truth you will, nine times out of ten, be original without ever having noticed it." -- C.S. Lewis

Another week, another victory lap for the Bulls.

Anyone notice a pattern here? Technically speaking, at least, that pattern is a solid uptrend, with nary an imminent level of resistance close to the horizon.

daniel / Tag: DJIA, COMP, SPX, KIE, FXO, IYF, XLF, VFH, PSP, M, WMT, financial sector, consumer sentiment, Retail Sector, Eurozone, China, Syria / 0 Comments

The weekend’s worries that the Fed may be planning the end or slowdown of QE3 translated into a lackluster market performance with little movement in any of the major indices.

david / Tag: WAL, LAD, SPF / 0 Comments

Scott MartindaleThe S&P 500 is up 14.5% year-to-date through Wednesday, and the defensive sectors like healthcare, consumer staples, and utilities have done even better. But so far in May, the leaders have been industrials, consumer discretionary, energy, materials, financial, and technology.

smartindale / Tag: sectors, ETF, iShares, SPY, VIX, IYF, IYK, iyw, IYE, IYJ, IDU, IYC, IYM, IYZ, IYH, BEN, CB, MHK, BG / 0 Comments

The market enthusiasm generated by the positive employment report on Friday carried over to today.  The rally in Technology stocks continued from last week, but Financials did even better.  With the Nikkei and FTSE both closed, the off-shore action ended slightly more positive than negative.  We had no domestic reports today in what will be a quiet week of economic news with only Thursday’s Initial Jobless Claims and Wholesale Inventories Reports, followi

david / Tag: AGCO, M, STX, EPL / 0 Comments

So be sure when you step. Step with care and great tact. And remember that Life’s a great balancing act.” -- Dr. Seuss

The market has gone back to its Bullish ways, resuming the upward trajectory that has been effectively going on for most of the year, as represented by the 13% gain to date of the S&P 500 Index (SPX).

Scott MartindaleStocks finished the month of April breaking to new highs, with the S&P 500 rising above 1597. But May Day selling put a temporary hold on the bullish celebration that will certainly occur if the S&P 500 can make a clean break above psychological resistance at 1600. Was May Day the start of the usual “Sell in May and go away” practice?

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