market timing
Consumer Staples Wave a Red Flag - SYY, WMT, TSN, HRL Up
Tuesday was brutal for stocks, again, with the S&P 500 closing 1.4% lower to end the session at 1120.80. It was the tenth losing day of the last sixteen, and of those ten losing days, each has been made on higher volume than the previous day; none of the winners were technical ‘accumulation’.
While that clue [...]
Earnings Calendar, Scoreboard (No Wonder Stocks are Struggling)
The pace of earnings announcements is still slowing down, though enough have yet to post numbers that we still want to keep tabs on what’s on tap for the coming week. Here are the biggies.
By the way, this earnings season actually turned out to be a disappointment. About 58.8% of companies actually beat (under the [...]
Add the NASDAQ’s Up & Down Volume, VXN to the List
Pick any index you want…. the Dow, S&P 500, or the NASDAQ - the story isn’t too different any way you go. While Monday’s bounce was encouraging, Thursday’s pullback and Friday’s harsh downside follow-through suggests the bulls are not ready to muster a permanent rebound yet.
The composite gained 3.58% for the week - the bulk [...]
The Rest of the ‘Sell in May’ Story
It’s that time of year again - time to “Sell in May and go away”, since the market’s average monthly returns suggest the beginning of May through the end of September is not only a weak patch, but usually so weak that this five month period is a net loser.
Are you actually going to take [...]
The Unsung Victors in the Auto Industry’s Revival
The strength of their stocks would lead you to believe things couldn’t be better for the major auto manufacturers. After all, the S&P 1500 Automobile Manufacturing Index wouldn’t be up 318% for the last twelve months by mere chance, would it?
The short answer is ‘no’. Ford (NYSE:F) and Toyota Motor [...]
Market, SPDRs (SPY) Now Taking on Water
The S&P 500 SPDR ETF (NYSE:SPY), though not yet even close to falling out of its recent bullish trading range, may have just done something far more alarming. The support line that extends back to July (and arguably to March’s bottom) failed to act as a floor today. The ETF is under it for the [...]
Weekly Market Outlook – December 19th, 2009
Despite Friday’s late gains, it still wasn’t enough to push expiration week back into the black for the market. The S&P 500 closed 4.0 points lower (-0.36%) than the prior Friday’s close. It was the fifth straight week of the bull/bear stalemate, and as we’ve mentioned before, the longer the bulls [...]
Market Update: The Damage Has Been Done
Stocks are back in the black today after a very tough start to the week, but is the rally too little, too late? We believe it is, though we don’t necessarily feel it’s the end of the world for investors.
We’ll detail the idea below, but we first want to let you know where the [...]
Short Term Trading System Still Not Bullish
We’ve always used a short-term trading system to time our long-term (bullish) positions. After all, there’s no reason to get into a long-term trade at a short-term high, and no reason to make an exit at a short-term low. However, with a new data source we’ve updated the systems’ parameters to include more historical data. [...]
Late Day Dip Dooms the Day, But Still Not a Problem
The bulls wish the day had ended about 3:45 PM EST. If it had, the market would have taken only small (negligible) losses. Instead, a late-day selloff in the last 15 minutes led stocks to fairly dramatic lower closes.
Still, it’s a relative victory. All the indices (and index ETFs) managed to once again close above [...]
