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Magicians do it. So do con artists. In the coming weeks, the focus for most bottom-up oriented investors will be the earnings results. The trend chasing hedge funds will play that momentum game, too. As I have articulated repeatedly, 2Q10 earnings results are set to come in at to slightly above consensus...
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With investors having nicely responded to my recent blog posting ( "Today May Be The Day" ), here are a few price points of interest and what to consider when either is breached first : 1100 is the average of the 200 day moving average (simple and exponential). 1040 is the acknowledged lower...
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Stock market corrections, such as the one we are currently experiencing, are healthy processes by which excesses generated in the advance can be wrung out and rotational (sector) change can evolve. In the process, new leadership emerges thereby helping to elevate the renewed rally to higher levels. There...
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China (FXI). A closing break below 37.17 (Feb. 8 low) indicates a move to 30 - 32, which is a 30% decline from its April 9 closing of 44.59. Last decline was Nov. 16 to Feb. 8, which was 20% down. S&P 500 (SPX) declined 8% during its previous drop (Jan. 19 to Feb. 8). If China goes down 30% this...
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Due to travel, just a quick follow on to last week's commentary ("Happy Anniversary. Now What?"): * New highs not confirmed by most major indices outside the US. * Strength in near term indicators (Momentum and MACD) prevent a correction call right now. * Short term overbought condition...
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Yesterday marked the one-year anniversary of the bear market low in stocks and the subsequent bull rally. Therefore, a review of where we were, where we are now, and, importantly, where we are likely to be headed, seems to be in order. To refresh your memory, let’s go back to March of last year...
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Leveraging off my first interview with the Director of MIT's Laboratory for Financial Engineering and co-author of " The Heretics of Finance: Conversations with Leading Practitioners of Technical Analysis ", Dr. Lo describes the progress in his Adaptive Markets Hypothesis (AMH), the difference...
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We get the year started with yet another most informative and insightful interview (my third) with the Chief Investment Strategist for Ned Davis Research as we discuss his year ahead outlook, one that includes an up first quarter followed by a likely mid year major correction culminating in a year end...
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No, this won’t be a Limbaugh/Beck/Cato Institute inspired rant against the evils of big government. Rather, today’s commentary focuses on the FUD factor - fear, uncertainty, and doubt – that many small businesses harbor toward where the US economy (and the regulatory side of our government...
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So, here we are. More than two years into what started out as a credit crisis, one plus year after the Lehman collapse and a question that pertains to the one of the central workings of the equities market cannot be answered. At last evening's Market Technicians Association Educational Foundation...
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Always good to check in with the Wall Street veteran and Chief Market Technical Analyst for Miller + Tabak, who stills sees an absence of public and traditional institutional investor participation in the equity markets, no trend divergences to signal a major market decline ahead, recognition that a...
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In case you hadn't noticed, there’s a big head and shoulders debate brewing. A bona fide bulls versus bear story. One side (the bulls) sees the stock market world from a decidedly more optimistic perspective with the potential of an upside breakout and a stock market run to new recovery highs...
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Time flies when you’re having fun. For it was a mere 9 ½ weeks ago stocks were as desirable as a hug and a kiss from a Mexican lover, a point President Obama made note of just a few days ago re he and Hillary. For the bulls, these 9 ½ weeks were like the movie of same name –...
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For many, today’s date has a special social significance. For prudent investors, however, today is a day that this year marks a point of caution – unless you buy into one of two arguments being passed about: stocks warrant a higher than average P/E or stocks have made their lows as certain...
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On June 25th I will have the privilege of conducting a webcast series event for the Market Technicians Association on an aspect of ETFs that gets far too little recognition – market signals with ETFs. The webcast will describe how EVERY investor is now empowered to monitor market activity via ETFs...