The market posted a big red candle today. It was much overdue … and in fact needed for a healthy market. It simply cannot go up in a straight line and engender confidence among investors. Backing and filling is a necessary aspect of a healthy bull market.

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DOW 12,000: Floating a Trial Balloon or Bursting a Bubble?

by Daniel Sckolnik of ETF Periscope

“I didn't end up going bankrupt . . . I made some great investments and I held on to my money, which also enables me to have the freedom to do what I want now. But it's not about finances. No matter what, it's about keeping it real.” -- Vanilla Ice

daniel / Tag: DJIA, Dow Jones Industrial Average, IDU, KOL, KRE, S&P 500 Index, SPX, XRT / 0 Comments

The Energy Sector has demonstrated a surge in technical strength to lead the market higher this week, and at the same time it has surged in the SectorCast rankings.

smartindale / Tag: AMZN, CCI, CWTR, ETF, IDU, IYC, IYE, IYF, IYH, IYJ, IYK, IYM, iyw, IYZ, JBL, KLIC, LEAP, linkedin, long/short, MDCO, sector, sector-rotation, SKH, stock-trading, trading-strategies / 0 Comments

This week brings a clean slate among stock traders as the holidays and end-of-year positioning has come to an end. The market continues to show signs that it wants to pull back a bit to work off its overbought condition and allow technical indicators like RSI and MACD to cycle back down in their normal swings. But the cash just keeps flowing in.

smartindale / Tag: AMT, ARW, CCI, ETF, FRX, IDU, IYC, IYE, IYF, IYH, IYJ, IYK, IYM, iyw, IYZ, JBL, linkedin, long/short, MON, NUE, sector, sector-rotation, SKH, stock-trading, trading-strategies / 0 Comments

The stock market has been on cruise control for the holidays, with the bulls teasing the bears occasionally but giving little back. Powered by the Fed’s cash machine, the SPY has continued on its strong December path. The market is now in blue sky territory, and not even China interest rate hikes and lower consumer confidence readings can stop it.

The bulls continue to steamroll bears during December, despite closing November with ominous weakness. Powered by the Fed, the SPY bounced convincingly from strong support at 118 and has not looked back, even powering through November resistance at 123 with only a brief pause to reload.

Scott MartindaleOn Tuesday, the market lost support at Nasdaq 2500 after losing S&P 500 1200 last week, and then threatened to breakdown below the psychologically important Dow 11,000. But alas, one bad day does not confirm a trend change, and today (Wednesday) was the exact opposite.

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