Archive for July, 2010
Sector, Style Groups Leave No Ambiguity - Clear Leaders Emerging
For the second week in a row we saw materials and industrial stocks lead the way, with transportation stocks (thanks to stellar results from a few railroad and trucking names) not far behind. At the bottom of the pile was healthcare - again - with gold just one notch above the bottom rung.
While a rally [...]
NASDAQ Leading S&P 500 In Rally, But Headwind Dead Ahead
It’s a clear good news/bad news scenario for the major indices. Let’s just approach it from that perspective, beginning with the S&P 500.
The good news is….
The S&P 500 Index has crossed back above the 50-day moving average line (purple), which had been a resistance line with the bullishness from three weeks ago.
The VIX is trending [...]
In The Cue… Confidence, Real Estate Numbers (Nowhere To Go But Up?)
It was a light week in terms of economic data, but an important one on the real estate front - though not a great one. We did see a bump and a ‘beat’ in the number of building permits requested. There were 574K permits issued in May, and analysts were looking for 572K this time. [...]
Why the Market Does What it Does (& What It Will Do Next)
The S&P 500 managed to gain 4.5% last week, overcoming a big Wednesday pullback, and more than offsetting the previous week’s 1.2% loss.
So what happened in the meantime to turn investors back on again? Economy? No, the new unemployment claims figure is back in the ‘too high’ area, and real estate appears to be crumbling [...]
Investment-Worthy Trend: Road and Rail Proves All It Needs To
Are you one of the folks who thinks the economy is slowing down? Not that there’s not some evidence to that end, but to be fair, there’s plenty of evidence to the contrary. One such piece of evidence is railroad freight activity in the United States (as well as in Canada).
In June, the total rail [...]
Weekly Outlook - Despite Google, Earnings Still Normal
Believe it or not, it actually wasn’t a bad week - Friday ruined what would have otherwise been a winning week, thanks to the worst possible news at the worst possible time (Google’s shortfall, and the Citigroup and Bank of America’s declining revenue).
Will this carry through into this week? Will this week’s slew of real [...]
What the Bears Are Saying/What the Bulls Are Saying
Is the glass half full, or half empty? Maybe both. It’s not going to stay half-and-half for long though. Here are the arguments both sides are making. They’re important to define, as changes to them (or lack thereof) will confirm or abate the looming re-entry in to a full-blown bear market.
The bears are saying…..
1. All [...]
Economic Update - Something to Build On
It may not be pretty, but at least it’s not bearish either. What’s that? While the market was largely distracted with earnings news last week - good at first, and then turning bad later in the week - we actually were dished out a ton of important economic news. Though we don’t have time and [...]
