Regardless of what I say, the market clearly wants a plan from the President and Congress so that sequestration can be avoided on March 1, 18 days from now.

Our forward-looking SectorCast predicts things won’t go well—for the first time in the history of the model, the top three sectors, Consumer Cyclicals, Non-Cyclicals, and Technology, are all flight-to-safety. Last week, the market eked out a slight gain. While all style/caps were positive, only two sectors were positive on a cap-weighted basis: Consumer Cyclicals and Technology. The rest were mostly marginally negative.

david / Tag: AAPL, CF, Dk, MPC / 0 Comments

Scott MartindaleEarnings season is in full swing, and on balance, investors are liking what they hear. Tech leaders Google (GOOG) and IBM (IBM) got bought in truckloads after their fine earnings reports, although Apple (AAPL) disappointed after the close on Wednesday.

smartindale / Tag: sectors, ETF, iShares, SPY, VIX, AAPL, GOOG, VAR, COO, FFIV, VMW, ISRG, IYH, iyw, IYF, IYM, IYK, IYC, IYE, IDU / 0 Comments

Earnings reports on Wednesday from big banks like Goldman Sachs (Scott MartindaleGS) and JPMorgan Chase (JPM) were encouraging. And Apple (AAPL) got a much-needed boost from the top tech analysts. However, Goldman’s analysts tried to throw a wet blanket on the markets earlier this week with their expectation that earnings reports overall this year would be “uninspiring” and that equity returns this year likely will be only in the single digits.

smartindale / Tag: iShares, sectors, ETF, IYH, iyw, IYK, IYM, IYJ, IYE, IYF, IYZ, IDU, IYC, AAPL, GS, JPM, DVA, COO, CTSH, IT, SPY, VIX, DEF, NFO, KNOW, CSCO, FCX / 0 Comments

Congress got its act together just enough to stave off the fiscal cliff. Unfortunately, they merely added a long “pirate plank” to the edge of the cliff, as spending was not addressed. So the country has stepped off the cliff and now we are “walking the plank,” albeit without the blindfold since we know when the debt ceiling and sequestration are scheduled to kick in.

smartindale / Tag: sectors, iShares, ETF, VIX, SPY, IYH, IYK, IYE, iyw, IYF, IYJ, IYM, IYC, IDU, IYZ, DVA, GILD, MIDD, MON, AAPL / 0 Comments

Scott MartindaleSanta Claus is trying his hardest to keep spirits bright among stock investors. But the President and the House are not playing nice and just might find a lump of coal in their stockings. Neither appears willing to give an inch, so some observers predict that we will indeed go over the fiscal cliff, at least until mid-January.

smartindale / Tag: ETF, sectors, iShares, SPY, VIX, iyw, IYK, IYH, IYF, IYE, IYJ, IYC, IYZ, IYM, IDU, AAPL, CERN, TECD, NVR, SJM, TIF, JOSB / 0 Comments

Scott MartindaleI am not going to mention the nickname for the dominant issue of the day, since you are probably on the verge of screaming if you here it again (hint: initials are F.C.). But, unfortunately, we all remain hostage to the relentless political posturing of our elected officials during these critical budget negotiations. Not that we haven’t asked for it.

smartindale / Tag: ETF, sectors, iShares, iyw, IYK, IYH, IYF, IYE, IYJ, IYC, IYM, IYZ, IDU, AAPL, SPY, VIX, MW, STX, OCN, WNR, IDCC, PII / 0 Comments

Scott MartindaleI was supposed to be in New York City this week, but Sandy the super storm had other ideas. Some writers are suggesting that since the storm has passed, we can all start getting back to business. But of course, some densely-populated areas In New York and New Jersey have been so devastated that normalcy is a long ways off.

smartindale / Tag: ETF, sectors, iShares, AAPL, VIX, SPY, IYF, IYH, iyw, IYK, IYE, IYZ, IYC, IDU, IYM, IYJ, V, ANAT, COO, WPI / 0 Comments

That’s been hard to figure lately.  Uncertainty has not eased.  Not in Europe.  Not in the Middle East. Not in China or Japan. Not in the U.S., with a dead-heat election battle and unknown future Congressional dynamics.  Companies overall continue to beat earnings, mostly, and miss on revenues.  Now there is a certainty: earnings cannot keep going up if revenues keep going down.

david / Tag: AFL, LCC, PG, DANA, YHOO, AAPL, GOOG, WDC, STX, CAT, MSFT, INTC, IBM / 0 Comments

“Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so.” -- Douglas Adams

Last Friday’s sharp sell-off could easily be viewed as a result of the lack of commitment investors currently hold towards the equity market. The bad news is that sentiment might be amplified in the coming week if several factors play out towards the negative side of things.

daniel / Tag: DJIA, SPX, IYF, IYZ, COMP, AAPL, GOOG, EU, ECB / 0 Comments

Scott MartindaleFive years ago this month, the S&P 500 hit all-time high of 1576. It closed Wednesday at 1461. Can the market make a run at that all-time high? Well, the biggest threat at the moment to bullish sentiment is the Fiscal Cliff, but both presidential candidates have a plan for dealing with it, and Congress is unlikely to want to take the fall for defying the new President and sending the country back into recession.

smartindale / Tag: ETF, sectors, iShares, VIX, SPY, qqq, iyw, IYF, IYH, IYK, IYE, IYC, IYJ, IYM, IYZ, IDU, AAPL, GOOG, TRV, MA, QCOM, CVX, AA, YUM, WMT, BAC, C, JPM, INTC, IBM / 0 Comments

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