Sign inRecent Commentaries tagged (spx)
Chart Presentation: Trend Shift
The combination of additional easing from the Bank of Japan and the Fed’s commitment to hold interest rates at current levels for an extended period of time helped lift global equity and commodity prices. Our view is that the Fed’s use the phrase ‘extended period’ is a bit of a misnomer. More...
Stock Market: Dow Theory again confirmed an ongoing Primary Tide Bull Market on Wednesday, and the broader market confirmed the uptrend as well
Stock Market: Dow Theory again confirmed an ongoing Primary Tide Bull Market on Wednesday, and the broader market confirmed the uptrend as well. The Dow Theory again confirmed a Bullish Major Trend on 3/17/10, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average...
Chart Presentation: Equities vs. Commodities
Feb. 4 (Bloomberg) — The California State Teachers’ Retirement System, the second-biggest U.S. public pension, is considering investments in commodities to boost returns and provide a hedge against inflation and slumping equities. Obviously the news snippet included above was from last month...
Stock Market: many bullish signals observed on Tuesday
Stock Market: many bullish signals observed on Tuesday. Consumer Discretionary Stock Sector Relative Strength Ratio (XLY/SPY) rose above 4-year highs and remains bullish. Absolute price of XLY rose above 17-month highs and remains bullish. Industrial Stock Sector Relative Strength Ratio...
All Eyes on the Fed, Change in Language Seems Likely
Tokyo down 1/3 of a percent, London up a 1/3rd of a percent. US futures up marginally this morning. All the focus today will be on the FOMC policy statement to be released at 2:15. For the past 8 statements, the Fed has said "economic conditions…warrant exceptionally low levels of the federal...
Chart Presentation: Japan
One of the more interesting side issues this week will involve whatever decision or non-decision the Bank of Japan makes with regard to additional quantitative easing measures. As is almost always the case it isn’t the news that is important but rather the market’s reaction to the news. Those...
Leading Sector ETFs – Reaching New Highs
The NASDAQ100 and NASDAQ Composite closed last week up 85.0% and 87.1%, respectively, from the March 2009 lows and above previous resistance (52 week high). Although the S&P500 managed to break through the previous swing high it closed at 1,149.99, just below that resistance level of 1,150.45, a...
Chart Presentation: Loonie Tunes
March 11 (Bloomberg) — Canada’s dollar traded near the strongest level in five months against the greenback as crude oil and stocks gained before a report tomorrow forecast to show the nation’s economy added jobs in February. Our problem is that we believe that the Canadian dollar is going to...
Stock Market: uptrend is persistent and broad based
Stock Market: uptrend is persistent and broad based. Utilities lag. Financial Stock Sector Relative Strength Ratio (XLF/SPY) rose further above 4-month highs. Although XLF/SPY is above both moving averages, the 50 remains below the 200, which is not bullish. Absolute price of XLF moved above...
Chart Presentation: Out of the Blue
March 10 (Bloomberg) — The worst of Greece’s financial crisis is over and other European nations won’t follow in its path, said former European Commission President Romano Prodi. It often feels as if markets crises appear right out of the blue. Typically, however, a problem builds until it hits...
Stock Market: bullish signals, signs of a strong trend.
Stock Market: bullish signals, signs of a strong trend. Consumer Discretionary Stock Sector absolute price broke out above 17-month highs. Technology Stock Sector absolute price rose above 6-week highs and remains above key moving averages. Energy Stock Sector absolute price moved above 6-week...
The Real Reason Stocks Have Rallied
By: Brandon Rowley Being on a trading floor everyday I often hear explanations for why the market is rallying or why stocks just won't go down. Frankly, many of those comments are downright silly. I read about 30 different blogs on a daily basis and the majority of them tend to be on the bearish...
The Real Reason Stocks Have Rallied
Being on a trading floor everyday I often hear explanations for why the market is rallying or why stocks just won't go down. Frankly, many of those comments are downright silly. I read about 30 different blogs on a daily basis and the majority of them tend to be on the bearish side of things....
Chart Presentation: The 12 Month Lead
The question today is whether the long end of the Treasury market is actually leading the short end- and hence the Fed- by close to a year. Below we compare the U.S. 30-year T-Bond futures and 3-month eurodollar futures with the charts shifted or offset by one year. The argument is that the peak...
Stock Market: aggressive stocks are outperforming, while defensive stocks are underperforming.
Stock Market: aggressive stocks are outperforming, while defensive stocks are underperforming. The broad market is strong. NASDAQ Composite/S&P 500 Relative Strength Ratio rose above 9-year highs while absolute price of the NASDAQ rose above 18-month highs. Industrial Stock Sector Relative...
