Recently before the stock market bounce in early July the majority of traders and investors were frightened by the so called death cross on the Dow Jones Industrial Average and the S&P 500 Index. This is when a major moving...
Read MoreThe 50 moving average on the daily chart of the SPDR S&P 500 ETF (NYSE:SPY) continues to be a major issue for the markets. Yesterday, the market nailed this level but could not get through. Then Intel Corporation...
Read MoreThe restaurant stocks have really been a mixed group of stocks. Some of these stocks are trading at new highs and some of them are in the middle of their range for the year. The one interesting fact about the restaurant stocks...
Read MoreThe retail sector is the only industry group that reached its 2007 high in 2010. Since the retail sector’s peak on April 26th, 2010 the industry group has lead the decline in the market. On July 6th the important retail...
Read MoreWhat can we say about the market since the July low? It has been a straight move higher since July 3rd for the major stock market indexes. This rally has been broad based and many of the leading stocks have all lead the charge....
Read MoreThe markets surged higher today after Alcoa Inc. (NYSE:AA) gave the markets something to cheer about in their earnings report. Alcoa reported a profit of $0.13 per share when analysts had expected $0.12 per share in earnings....
Read MoreAfter a monster rally last week, the markets seem to be pulling back slightly on extremely light volume. The SPDR S&P 500 ETF (NYSE:SPY) is down half of one percent on the day. Last week the markets surged for a five...
Read MoreWhat a week it was for the Dow Jones Industrial Average (INDEXDJX: DJI)! The highly followed index gained 512.00 points from the close of last week. In the previous Weekly Market Report I pointed out the 96.00 area as a support...
Read MoreThe media and many analysts have painted China as the Great Depression reborn. You would think China is in such a mess right now, hell has actually frozen over. I love the panic and fear as some China small caps are now...
Read MoreThe markets gapped higher again today, trying for a third straight up day and a five percent gain in total. Jobless claims finally showed a solid drop coming in at 454,000. The 450,000 level is a major milestone. Wall Street...
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