Stocks reversed the morning gains on Thursday and ended lower. The Dow was down 120.72 points (-0.69%); Nasdaq fell 83.5 points (-1.62%); SPX dropped 16.28 points (-0.78%). In this week’s Market Forecast, we discussed the possibility of leading sectors (biotech, internet, software, financial) finally falling back and pulling the broader market down. I have been…
One of the key points that I watch is the 50-day exponential moving average. Yesterday we added a distribution day, and the indexes took out the 50, plus the DJIA is below the 200 day moving average. This is much more serious. Now the leading stocks are breaking the 50-day. Palo Alto (PANW) and Tesla…
Today I wanted to find the 5 best Mid Cap stocks so I used Barchart to sort the S&P 400 Mid Cap Index stocks for the ones with the highest Weighted Alpha then selected those with current Barchart Technical Buy Signals of at least 80% or better. Today’s list includes Skechers (NYSE:SKX), WisdomTree Investments (NASDAQ:WETF),…
<< Read Part II: To Log Or Not To Log, Part II Has nonresidential fixed investment risen faster than GDP since the dot.com peak? This is a follow up to this and this. If one wanted to answer the question of whether the share of expenditures devoted to nonresidential fixed investment was rising or declining, one…
One of the most popular strategies at our firm is the Strategic Income Portfolio, which focuses on a multi-asset approach to generate consistent income and overall low volatility. In order to accomplish those goals, we are continually scanning the ETF landscape to evaluate suitable equity income funds that meet our investment criteria. These ETFs typically…
Nonfarm payroll: the only game in town Today should be essentially about the US jobs numbers, as there really isn’t too much out there to move the markets beyond that. Interestingly enough though, the Canadian employment numbers come out as well, so the real volatility might be found in the USD/CAD pair. We also think…
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) Subscribe: iTunes | Android | RSS DOW – 120 = 17,419 SPX – 16 = 2083 NAS – 83 = 5056 10 YR YLD – .03 = 2.23% OIL – .31 = 44.84 GOLD + 5.00 = 1090.50 SILV + .06 = 14.76 Jobless claims rose by 3,000 to 270,000 in…
This refers to trading ranges, brackets, balance areas, congestion areas, and consolidation ranges—all synonymous terms. They define price ranges in the market that are containing trade. Within these containment ranges reversion to the mean trades are the favorite of short-term traders. We often refer to these containment ranges as “paradise” for short-term traders. Bigger opportunities…
Consolidated Edison Inc. (ED – Analyst Report) posted second-quarter 2015 adjusted earnings of 77 per share, beating the Zacks Consensus Estimate of 65 cents by 18.5% and increasing 20.3% from 64 cents a year ago. Quarterly earnings improved primarily due to lower operating expenses as well as changes in the rate plans of Con Edison’s utility subsidiaries. Consolidated…
This is a pointless post, I’ll declare right from the outset, but I simply wanted to point out the interesting similarities in breakout patterns with the two Internet giants below:
