On Demand

Stocks Commentaries

Showing Posts 1 - 15 out of 177 found.

Emerging Markets Losing Strength

iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) broke down below its lows of the previous 6 months on 10/1/14. Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) broke down below its lows of the previous 6 months on 10/1/14. Junk/Investment-Grade Corporate Bond ETFs Relative Strength Ratio (JNK/LQD) fell below its lows of the previous 17 months on 10/1/14...

Continue Reading

Now, We Are at the Low End

Once again, we see the market tipping on the edge. The S&P 500 is dancing around 1955 and the Dow is burrowing beneath 17,000. One difference this time around is the VIX is sporting a handle of 17.25, a bit closer to the 21.5 level, another technical ceiling of note.  The question, though, is this anything more than what the market has done over the last five years – churn about,...

Continue Reading

Trading Psychology: Complexity Theory Says More Is Different

Trading Psychology: Complexity Theory Says More Is Different

Last week I wrote an article on why Bull Markets can be dangerous. Simply put, they often lull us into complacency and tempt us to ignore standard risk controls. Then, when volatility increases, we are not prepared for the rug to move and the walls to shake. There’s a principle in Complexity Theory that says: More is different. It means that in complex dynamic systems, arithmetic increases...

Continue Reading

The Nike Gap: Just Do It

The Nike Gap: Just Do It

On September 26, 2014 Nike, Inc. (NKE) gapped up after the company reported stronger-than-expected first-quarter fiscal results.  The stock gapped up from the previous day’s close of $79.75 to $87.93.  NKE has been in a strong uptrend since 2010 and keeps pushing new highs.   Since there is no negative price resistance to the left in NKE’s chart, it looks like it has a solid future. Volume...

Continue Reading

Deflation Is Gaining Strength

U.S. dollar ETF (UUP) absolute price rose to its highest level in 14 months on 9/30/14, thereby reconfirming its preexisting uptrend. Gold, SPDR Gold Shares ETF (GLD) absolute price fell below its lows of the previous 9 months on 9/30/14, thereby reconfirming its preexisting downtrend. Gold Mining Stocks ETF/Gold Shares ETF Relative Strength Ratio (GDX/GLD) fell below its lows of the...

Continue Reading

A New Market Pattern – Crazy, Right?

I am seeing a general pattern in the market as of the last ten days and it is shaped like a skier climbing a semi-steep hill then skiing down a 30-degree slope, then coming up to a ski jump, going off, landing, then shooting off a cornice virtually straight down the face, then skiing across the flat, then climbing a small but steeper hill, dropping down a short face, then a climb up, a climb...

Continue Reading

Unusual Options Activity: Mellanox Technologies On The Move

Unusual Options Activity: Mellanox Technologies On The Move

Mellanox Technologies (Nasdaq: MLNX, 42.58) is headquartered in Sunnyvale, California and Yokneam, Israel, and provides ethernet and infiniband switches for servers and storage used in enterprise data centers.MLNX shares are up just over 8% in 2014, performing comparably to the broader market.  Price action has been choppy, with shares trading in a 52-week range of $30.58-$46.04. The Trade...

Continue Reading

High Risk For the Bulls: SPX Rally To 2,010

High Risk For the Bulls: SPX Rally To 2,010

Last week, I mentioned the Dow (Dow Jones Industrial Average) was trading within a bearish wedge and could drop 1000 points. It is one third of the way to that 11,200 target, if that pattern does play out.But if history is our guide, then the gap left open on the SPX (S&P 500 index) at 2010 will be filled before any meaningful drop starts. So, even though the bigger picture pattern is...

Continue Reading

U.S. Treasury Bonds Gaining Strength

iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) broke down below its lows of the previous 6 months on 9/29/14. BKF/SPY has been systematically bearish most of the time over the past 4 years. Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) broke down below its lows of the previous 6 months on 9/29/14. Foreign Stocks ETF (EFA) Relative Strength Ratio...

Continue Reading

Up and Down and Still We Go

A wider range, yup, that is what I wrote last week. The only thing that has happened since the market hit more record highs recently and then unceremoniously dumped last week is that it will now trade in a wider range (1955-2010 on the S&P). And so it goes, the volatile market is going down today after it went up on Friday. What is more interesting, though, is the big fall the major...

Continue Reading

Apple (AAPL) iPhone 6 Is Here: Key Levels For Traders

Apple (AAPL) iPhone 6 Is Here: Key Levels For Traders

The iPhone 6 is here!  That’s great for Apple device users but what about AAPL traders?  Here are the important trading levels for AAPL stock. The trend in AAPL is pointed higher in the daily and weekly time frames, which gives the larger bias clearly to the bulls.  With this as a starting point, dips to support can be viewed as buying opportunities.  Nearby support is 93.28 - 96.15.  The...

Continue Reading

US Dollar Breakout: End To Stock Bull, Renewed Commodity Bear

US Dollar Breakout: End To Stock Bull, Renewed Commodity Bear

It seems nothing can stop the U.S. dollar. Since its low in April it has closed higher in four out of five months and is up almost 8.00% since then.  While a run like that is in need of a rest there are some big issues that need to be considered now. DXY broke out of a six-year triangle this month. Breaking to the upside from a triangle is bullish. That triangle is essentially a six-year...

Continue Reading

SPX: They Won't Ring A Bell At The Top

SPX: They Won't Ring A Bell At The Top

My sense is that a great many speculators are simultaneously imagining some clear exit signal, or the ability to act on some “tight stop” ... History teaches that the market doesn’t offer executable opportunities for an entire speculative crowd to exit with paper profits intact. Hence what we call the Exit Rule for Bubbles: you only get out if you panic before everyone else does. --John...

Continue Reading

TIPs and Gold Mining Stocks Losing Strength

U.S. dollar ETF (UUP) absolute price rose to its highest level in 14 months on 9/26/14, thereby reconfirming its preexisting uptrend. U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year ETFs Relative Strength Ratio (TIP/IEF) fell below its lows of the previous 15 months on 9/26/14, thereby reconfirming its preexisting downtrend. Gold Mining Stocks ETF/Gold Shares ETF Relative...

Continue Reading

Economic Conditions and the US Consumer Are Still Good

Honestly, it is nice to have yesterday behind us, even if I get it. Even if I understand this has to happen now and again, it bothers me, which I find interesting. The big sell-off for no apparent reason bothers me for two reasons. The first is I abhor irrational behavior and yesterday’s sell-off was irrational.    US shares closed sharply lower, dragged lower by Apple, which slipped 3.8%...

Continue Reading
    1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9    
Membership is Free. Join Now in less than 5 seconds! Alternatively Join or Sign In here.