Archive for June, 2010
(Almost) Nowhere to Hide - Sector, Industry Trends Alarming
Sector Performance
There was nowhere to hide last week - all the sectors and groups were down. The ‘least bad’ was gold and technology, while basic materials and transportation took the biggest hits.
Sector Rank
Industry Performance
There were a few safe havens for those who drilled down into industry-level data. Healthcare and food did particularly well, which makes [...]
Gleaning the Clues - What’s Next For the Market, S&P 500?
Friday’s close of 1064.88 was the worst close of the year for the S&P 500. While it’s still a little soon to say the long-term support line (red) has been broken, it’s easy to say it’s under a serious attack. A couple more days of this, and it will snap.
What’s interesting about this chart of [...]
Economic Calendar - How Much Worse Could Next Week Be?
You likely already know what jump-started Friday’s implosion, but just in case, it was a very weak job creation number for May. A total of 431K nonfarm payrolls were added, versus the anticipated 500K. Of that 431K though, 411K were temporary census workers; only 41K of them were permanent private sector jobs. [No, the math [...]
Wake Up and Smell the Leaders - Style, Sector Biases Remain Unchanged
You can slice it however you want to - it’s not going to change the fact that small caps have been, and continue to be, the market’s best thing going. That’s not to say they’re bulletproof from another pullback, because they’re not. They have been the first and best to recover from the May implosion [...]
A Complete Economic Update in Less Than 30 Seconds
The big news from last week was on the real estate front. Not only were existing home sales better than expected, they were up from the prior reading, to 5.77 million. Even better, home prices - via the Case-Shiller Index - were up a stunning 2.4%, versus an expected 3.0% increase. The FHFA index confirmed [...]
Sector, Industry Trends Revealing Opportunities Again
Gold stocks were back on top last week, though the arena remains highly-speculative (i.e. risky) at this point - little consideration is being given to gold’s fundamentals, utility, and liquidity at these prices. The disparity among the other sectors, however, is revealing a few opportunities (both long and short).
Sector Performance
The fact that we saw some [...]
May - In Like a Lion, Out Like a Lion
May was in like a lion, and out like a lion - stocks lost more than 8% for the month, which was the single worst month since the bull market began back in March of 2009. An omen of more trouble to come? There’s certainly not a lack of arguments to suggest that. On the [...]
