Scott MartindaleStocks continued last week to seek some firmer footing, as prices found some support and volatility hit some resistance, and a flight to safety of global capital benefited long-term Treasury bonds -- the very assets that are supposed to be selling off in a secular “Great Rotation” into equities.

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Scott MartindaleWell, Fed Chairman Bernanke has proved me wrong by dipping his toe into the dreaded tapering of QE3. In retrospect, I suppose he preferred to take this first step on his own rather than put the onus (and any associated fallout) on the back on his successor.

smartindale / Tag: sectors, iShares, ETF, SPY, VIX, iyw, IYF, IYM, IYK, IYC, IYZ, IYE, IYJ, IDU, IYH, MA, PRU, GOOG, SNDK, KBWD, TDIV, OSIS, ULTA, JAZZ / 0 Comments

Scott MartindaleThe stock market’s technical consolidation continues, and in fact anyone who missed last week’s entry point for the widely-anticipated year-end rally is getting another shot at it. The S&P 500 and Dow Jones Industrials both lost round-number support again this week at 1800 and 16,000, after briefly recovering them from last week’s pullback.

smartindale / Tag: sectors, iShares, ETF, SPY, VIX, MA, FB, GOOG, SLH, AMG, AMP, iyw, IYF, IYK, IYJ, IYH, IYC, IYM, IYE, IYZ, IDU / 0 Comments

Scott MartindaleAs stock traders take a break for Thanksgiving, all the major averages have hit new highs after breaking through psychological resistance levels, including the S&P 500 at 1800, Dow Jones Industrials at 16,000, and NASDAQ at 4000. Tech stocks were the big leaders on Wednesday after a strong earnings report from Hewlett-Packard (HPQ).

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Scott MartindaleThe U.S. stock market has been reluctant to provide eager bulls with a tasty entry point ahead of the much anticipated year-end rally. Although the major indexes have seen fit to consolidate a bit and work off some of their overbought conditions, bulls have hoped for a something more substantial. But very few holders are selling these days.

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Scott MartindaleLike any superhero or action movie star who relies upon a “trusty sidekick,” Mr. Market stays strong, confident, and bold with the Federal Reserve at his side. Chairman Bernanke (and heir apparent Janet Yellen) firmly believes that the wealth effect provided by rising stock and housing markets is essential for maintaining consumer spending and corporate earnings growth.

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Thunder is good, thunder is impressive; but it is lightning that does all the work.” — Mark Twain

If you go by Wall Street’s scorecard, the economy seems to be going gangbusters, as evidenced by the upward trajectory of the major equity indices.

daniel / Tag: SPX, DJIA, NASDAQ, COMP, GOOG, AMZN, EBAY, PCLN, YHOO, CRM, NFLX, AKAM, LNKD, FB, consumer sentiment / 0 Comments

I am always doing that which I can not do, in order that I may learn how to do it.” -- Pablo Picasso

So now the fun really begins.

That is, if you consider fun the sort of thing that happens when Wall Street has way too much information to process in a very short period of time.

daniel / Tag: VIX, VXX, FDN, DJIA, SPX, COMP, GOOG, AMZN, EBAY, PCLN, YHOO, CRM, NFLX, AKAM, FB, LNKD / 0 Comments

You must live in the present, launch yourself on every wave, find your eternity in each moment. -- Henry David Thoreau

Well, that party didn’t last long, and the hangover was on the nasty side.

Wall Street had a few days to entertain a little early-week exuberance as a couple of Fed-centric news cycles spurred the equity market towards yet another round of record highs. That exuberance, however, was severely “tapered” when a conflicting message from another Fed officer sent the market reeling towards steep losses, cutting into its midweek gains.

“Success is not final, failure is not fatal: it is the courage to continue that counts.” -- Winston Churchill

For the moment, investors continue to see any signs of a sharp market drop as a clear buying opportunity, rather than as a time to panic and exit the market.

In other words, greed currently trumps fear on Wall Street.

Is this a perfect time for a contrarian play or what?

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