Scott MartindaleWas that really a breakout? With the S&P 500 struggling around the 2,000 level for the past two weeks, Friday’s strong finish might seem like a bullish breakout. But the market has already given us a couple of false breakouts at this level, and although I see higher prices ahead, I’m still not convinced that we have seen all the near-term downside that Mr.

Scott MartindaleThe first full week of the New Year was uneventful. There seems to be some trepidation among U.S. equity investors after such a strong finish to 2013. On Friday, the jobs report was disappointing, but investors quickly shook it off as nothing more than an anomaly given the prior trends and closed the week on a high note. Among the business sectors, the big winner last week was Healthcare, but Technology also showed signs of life.

smartindale / Tag: sectors, iShares, ETF, SPY, VIX, iyw, IYF, IYH, IYJ, IYE, IYM, IYC, IYK, IYZ, IDU, RSP, DEF, SPLV, IWM, RWW, XLK, FNCL, FTEC / 0 Comments

Scott MartindaleHere in Santa Barbara, we refer to the annual summer ritual of heavy marine layer engulfing the coastline for much of the day as the “June gloom.” It can be frustrating to beach-going visitors since there are otherwise no clouds, and the inland areas are brilliantly sunny.

smartindale / Tag: CREE, SNDK, BRK.B, MA, ETF, iShares, sectors, SPY, VIX, SPLV, DEF, IYF, iyw, IYH, IYE, IYK, IDU, IYC, IYJ, IYZ, IYM / 0 Comments