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Showing Posts 1 - 15 out of 176 found.

Aghast! Greenspan Is Critical Of QE Policy?

Aghast! Greenspan Is Critical Of QE Policy?

There was an article yesterday with comments by former Fed Chair Alan Greenspan as he came out criticizing recent QE policy decisions by the Fed.  I suspect if he had been there to see the potential damage with the others in 2008/09 then he might think differently.  But his notion was that the policy implemented did not improve the economy whatsoever.  This statement is hard to swallow as...

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Brazilian Stocks, A Turn Around Play?

Brazilian Stocks, A Turn Around Play?

Maybe Dilma is not that bad.  Ok, that last comment is ridiculous. Dilma Rousseff, Brazil’s reelected president is horrible, one of the worst national leaders in the Americas, in fact.  She has micromanaged the Brazilian economy and killed the country’s growth in the process.  She has also eroded the independence of the central bank and stoked high inflation in the process.  The worst of it...

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Go Ahead, Just Ignore My Advice

I just have to say, getting ignored affects my sense of worth, my confidence, and it marginalizes me in my profession. Why is the market ignoring my advice? Why is it gobbling up points as if there were no tomorrow? Doesn’t it appreciate the work I do to come up with the advice? So, here we are at new record highs intraday for the S&P 500. It surely did not take long to get back here,...

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Higher Highs for Health Care

Gold Mining Stocks ETF/Gold Shares ETF Relative Strength Ratio (GDX/GLD) fell below its lows of the previous 8 years on 10/30/14, thereby reconfirming its preexisting downtrend. Absolute price of GDX fell below its lows of the previous 5 years on 10/30/14. Silver, iShares Silver Trust ETF (SLV) absolute price fell below its lows of the previous 4 years on 10/30/14, thereby reconfirming its...

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Resistance Is Futile

“Resistance is futile.” Don’t go there! I am not a Trekkie, but I have seen all the TV episodes and all the movies (I think), so I am familiar with the Borg, the space folk who take over the collective minds of other civilizations. Watching the market this morning, the Borg and their motto popped into my head (Could it be? No, no way!). Anyway, it struck me that the market can go here and go...

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Miners Are Losing Strength

Gold Mining Stocks ETF/Gold Shares ETF Relative Strength Ratio (GDX/GLD) fell below its lows of the previous 8 years on 10/29/14, thereby reconfirming its preexisting downtrend. Absolute price of GDX fell below its lows of the previous 5 years on 10/29/14. Silver Miners ETF (SIL) price also fell to a new low. Newmont Mining (NEM) price fell below its lows of the previous 12 years. ...

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Netflix Is Worth A Look

Netflix Is Worth A Look

Earnings gaps to the downside can provide a significant amount of technical damage to stocks. This kind of damage takes weeks or even months to repair, and you can use this to your advantage in the options market. After trading in a six-month range, NFLX had a massive gap down of over 100 points. Since then the sellers have cleared out, leading to a slow grind higher. What we are seeing as...

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Slow Down and Chew More Carefully

Again, I would caution the market to take small bites and chew carefully before swallowing. Yesterday’s gulp chomped off another chunk of the big losses recently seen. Heck, the Dow is back above 17,000 and the S&P 500 crushed its most recent ceiling at 1967, finishing up 18 points higher at 1985. My guess is the market will heed my advice today, even though the economic data coming out...

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Basic Materials Are Losing Strength

Materials Select Sector SPDR ETF (XLB) Relative Strength Ratio (XLB/SPY) fell below its lows of the previous 14 months. NASDAQ 100 ETF/S&P 500 ETF Relative Strength Ratio (QQQ/SPY) rose above its highs of the previous 13 years on 10/28/14 and remains systematically bullish. The absolute price of QQQ also is systematically bullish. The S&P 500 Composite Index (SPX: 1,985.05, up...

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S&P 500 Futures Approach Resistance

S&P 500 Futures Approach Resistance

The magnitude of the recovery in stocks from the sell-off in late September and early October is enough to silence the doomsayers for the time being. If things were really getting bad, there would have been enough institutional selling to prevent this kind of a bounce. That's not to say things can't change. The drop confirmed a jump in volatility, which generally isn't a good sign. Suffice...

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Sentiment Extremes - Be Careful Buying the SPX

Sentiment Extremes - Be Careful Buying the SPX

The SPX (S&P 500 Index) has been on a very wild ride lately. When most were expecting the rally in early September to go on forever, sentiment was telling a different story. As a matter of fact, it was suggesting to get short, as investor sentiment was at extreme bullish readings, which we noted in this TraderPlanet article. Using Sentiment When using sentiment as a gauge to make a...

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A Play on Facebook’s Earnings

A Play on Facebook’s Earnings

Facebook (Nasdaq: FB, 80.77) is scheduled to report earnings after Tuesday’s closing bell.  FB share are up over 26% year to date, with one market commentator saying, “I’ve never seen a stock want to get to $100 so badly as FB.” There’s also the much talked about “80-120 rule,” which says in a bull market, stocks that hit $80 tend to hit $100, and stocks that make it to $100 tend to rally to...

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Yup, It Is Simple, Uh-huh.

Let’s keep it simple today. Okay, so I always keep it simple, but there is a reason for that. It is simple, at least in my mind. The market moves up and down in the near term on economic data, news, rumor (sometimes the same as news), and perception. Now, if all is right with the world and the market system operates on its own energy, in the longer term, it is the trend that powers the...

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NASDAQ 100 Gaining Strength

NASDAQ 100 ETF/S&P 500 ETF Relative Strength Ratio (QQQ/SPY) rose above its highs of the previous 13 years on 10/27/14 and remains systematically bullish. The absolute price of QQQ also is systematically bullish. iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) broke down below its lows of the previous 7 months on 10/27/14. Emerging Markets Stocks ETF (EEM) Relative...

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This Is a Scary Week

First thing on this Monday morning of this Halloween week, the market goes all “fraidy cat.” It opened as if it were watching the latest hit movie, Nightmare on Wall St, playing in theatres all over the place as of late. The plot goes like this. The bulls fall asleep and the horrible bears take over the dream world just to make life miserable for the bulls. Eventually, the bulls wake up,...

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