The market continues to try to suck in bears who are itching to short a rally that is long on optimism but short on volume and fundamental underpinnings. But each time it appears that a correction of significance is ready to start, a bid arrives with the slimmest of justification to sends the market to new heights. Despite market exuberance, my own technical analysis of the charts and Sabrient’s SectorCast-ETF fundamentals-based quantitative ranking of the ten U.S. sector iShares are both telling me that there is still much to worry about.

Scott MartindaleAfter last week’s Sector Detector article in which I talked about the “relentlessly strong September” making the market quite overbought from a technical standpoint, it looked like the market was going to waterfall into a healthy correction on Thursday. But alas, the bulls pulled a rabbit out of their hat and closed the week with a flourish.

The market continues to look strong and resilient. Whether the news, economic reports, and earnings announcements are bad or good, the market has been absorbing the blows or chasing the momentum like a champion. Now it is struggling with various resistance levels from moving averages and chart formations, but continuing to hold up in this low-trading-volume environment.

smartindale / Tag: absolute-return, ETF, IYE, IYF, IYJ, iyw, long/short, sector, stock-strategies, stock-trading / 0 Comments

Sentimental Journey to the Southside

by Daniel Sckolnik of ETF Periscope

“Economics is extremely useful as a form of employment for economists.”  ~ John Kenneth Galbraith

Talk about a serious display of bad feelings.

daniel / Tag: AA, AAPL, AMD, ETFs, GOOG, INTC, IYE, iyw, IYZ, RWR / 0 Comments

ETF Periscope:  Mirror, Mirror on the Wall Street

“‘But I don't want to go among mad people,' said Alice. 'Oh, you can't help that,' said the cat. 'We're all mad here.'” ~Lewis Carroll

daniel / Tag: AA, BAC, ETFs, GE, GOOG, IYE, iyw, IYZ, RWR / 0 Comments

Certainly there are things in life that money can't buy, but it's very funny - Did you ever try buying them without money?”   ~ Ogden Nash

daniel / Tag: IYE, iyw, RWR / 0 Comments

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