“As January goes for the stock market, so goes the year. Or does it? To be sure, it’s not an encouraging sign for the year when a popular exchange-traded fund tracking the Standard & Poor’s 500-stock index (SPX) tumbles almost 4% in the …
Last week in my "Advance/Decline" post on January 24, 2010 I have expressed my thoughts that taking into account volume and advance/decline indications on main indexes (S&P 500, DJI, Nasdaq 100) we could be closed to the bottom of the cur…
S&P Emini 500 Futures gapped up Friday in a vain attempt to retrace the Thursday drop. The index got to about 80% of the retracement when it hit the day’s high of 1093.75 right at the end of the morning session. From there, the bottom fell out….
Outside of the stock market, it was actually a pretty decent week. Here are some of the better things that happened:[More...]
January came in with whimper with all major indices falling across the board. The DJI did the best falling -3.5% whilst the Shanghai Composite fell -8.8%. If you want to take the glass is half full view, 2010 was the best January for the S&P500 in …
Any trader who tries to pick tops or pick bottoms is destined to fail. When we buy/sell clients a commodity it is not because we are picking a bottom or top but rather we think either the commodity is undervalued or overvalued so we are looking for a m…
The idea for this post was my initial and apparently incorrect reading of the Jeremy Grantham letter. On first read I thought he was saying expressly the market is very complicated these days and while he may have have been implying as much I did not f…
Do you think the bulls are finished? No technical sign of it here. However, if the expected (by NFTRH) bounce materializes and comes to certain levels, then it will be time to bear down (no pun intended) and figure out its nature. There are things on d…
In yesterday’s The SPX and an 85 Day Moving Average I expanded on the use of customized moving averages which are reverse engineered so as to neatly circumscribe past price action.
The defensive posture taken by Sabrient’s fundamentals-based SectorCast-ETF model has allowed the model long/short portfolio to prosper in the face of the market weakness we’ve seen over the past week. The formerly hot Materials sector had begun to…