Despite Wednesday’s stock market weakness, selling remains contained. Round-number resistance-turned-support levels at 13,000 on the Dow, 3000 on the Nasdaq, and 1400 on the S&P 500 have held up. The S&P was the last to breakout and the first to test support. In fact, it has been testing support at 1400 almost every day since it broke out two weeks ago.

smartindale / Tag: AAPL, ACFN, ETF, IDU, IYC, IYE, IYH, IYI, IYJ, IYK, IYM, iyw, IYZ, linkedin, PACW, sectors, SPY, VIX, ZION / 0 Comments

After last week’s technical breakout on elevated volume, stocks have flattened and trading volume has waned as investors seem to be waiting to see whether there will be a pullback to test new support levels and the bulls’ conviction. I think the bulls are plenty convicted—not conflicted.

smartindale / Tag: AAPL, BAC, DUSA, ETF, HALO, IDU, IYC, IYE, IYH, IYI, IYJ, IYK, IYM, iyw, IYZ, JPM, linkedin, sectors, SPY, TIBX, USB, VIX, VMW, WFC / 0 Comments

This Could be THE Week

The S&P 500 really cut it close today.  Much like last Friday’s measly comeback for +0.1% gain for the week, it gained +0.22 points, up a whopping +0.016%.

david / Tag: AAPL, CHMT, FL, GE, IPG, S&P 500, WNR / 0 Comments

smartindale / Tag: AAPL, ATHN, ERT, ETF, FSLR, HF, IDU, IYC, IYE, IYH, IYI, IYJ, IYK, IYM, iyw, IYZ, KRO, linkedin, MKTX, sectors, SPY, STX, TTEC, VIX / 0 Comments

smartindale / Tag: AAPL, ETF, FFIV, GTS, IDU, IYC, IYE, IYH, IYI, IYJ, IYK, IYM, IYR, iyw, IYZ, JAZZ, linkedin, sector-rotation, sectors, SPY, TLT, VIX, XLF / 0 Comments

Bulls found fresh legs on Wednesday with support from the FOMC, despite the reluctance of Greece to “play ball” with its creditors, which has been depressing investor sentiment. Everyone seems to agree that the unresolved debt crisis in Europe is the main thing holding back global economic recovery and the snorting stock market bulls. To be sure, the situation in Europe is not good.

smartindale / Tag: AAPL, ETF, IDU, IYC, IYE, IYH, IYI, IYJ, IYK, IYM, iyw, IYZ, linkedin, MNTA, NTES, sector-rotation, sectors, SNX, SPY, UTHR, VIX, XOM / 0 Comments

The “risk-on” trade seems to be hanging tough as more than a passing fad. Risk-off means that money is flowing into safe havens like U.S. Treasuries and solid currencies like the U.S. dollar and Swiss franc; whereas risk-on means that money is flowing into more speculative assets like equities, commodities, emerging markets, and higher yielding currencies.

smartindale / Tag: AAPL, ETF, IDU, IYC, IYE, IYH, IYI, IYJ, IYK, IYM, iyw, IYZ, linkedin, MNTA, sector-rotation, sectors, SPY, STX, UTHR, VIX / 0 Comments

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