Wall Street presently seems to be in a sideways state of mind, with the major indices traveling predominantly horizontal these last couple of weeks. Not a surprise, really, as the news cycle has been relatively tame and the current earnings season largely followed the predicted script.

So for investors, the question is whether the market is consolidating for a push into yet another round of record highs or simply running out of steam and veering towards an inevitable correction. And, with a busy week on tap, the year’s bullish uptrend gets yet another opportunity to be tested, and the consolidation-vs-reversal question gets yet another look.

daniel / Tag: DJIA, COMP, SPX, FDN, SOXX, FXL, SMH, QTEC, IGV, VGK, Eurozone, Mario Draghi, FED, GDP, ECB / 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

ETF Periscope: Benny and the Greeks

“Why don't they make the whole plane out of that black box stuff.“  --Steven Wright

Ben Bernanke struck out swinging.

Next up: the European Union’s heavy hitters. How they handle the curve ball will go a long way toward establishing the market’s direction for the upcoming week and, most likely, for the remainder of the year.

david trainerThe market decline experienced thus far is closer to its beginning rather than its end. Recent market rises are likely just flashes in the pan.

There is nothing that politicians or regulators can do to prevent the natural price discovery that is critical to the long-term health of our capitalist system.

The market needs to go down again before it can sustain any future rise.

ETF Periscope: Emperor’s New Clothes, Wall St. Edition

“Apparently there is nothing that cannot happen today.” --  Mark Twain

The U.S. equity market has just come off one of its worst weeks since March of 2008. It ended the week at a level lower than it found itself way back in January of this year, while giving serious indications that it may continue to head south.

Not to worry, though.

daniel / Tag: DJIA, ETF, GDP, IAT, ISM, IYZ, SPX / 0 Comments

Mandarin Monday - China Moves into Second Place

By Phil of Phil's Stock World

China became the World’s 2nd largest economy this weekend.

[JECON.2]

ilene / Tag: China, GDP, Options, stock-market, trading, Washington Post / 0 Comments