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Why The SPX Hit A Record High On Lousy Economic Data
GDP Shrinks By 1%; SPX Hits A New Record High Before Thursday’s open, The Commerce Department said gross domestic product (GDP) slid by a -1% annualized rate in Q1 2014, missing estimates for a decline of -0.4%. Pending home sales rose by only 0.4%, missing estimates for a 1% gain. Meanwhile, the S&P 500 (SPX) hit…
Best & Worst YTD %Change IPO's
Portfolio managers are always looking for new merchandise. A great majority of history’s greatest winners tend to enjoy their best run in the years following their IPO. Here is FindLeadingStocks.com’s Special Report of 20 Best & Worst IPO’s in 2013. It’s good to keep your eye on the new merchandise for early (stage 1) breakouts….
The Bounce Continues On Wall Street
The following is an excerpt from a FindLeadingStocks.com Intra-Week Update: FLS Update: 10.21.14 The Bounce Continues Russell Soars 7% In 5 Days! The Title of Last Thursday’s FLS intra-week update was “Time For A Bounce.” We made the case that the market was ripe for a bounce and that is exactly what has happened over…
5 Reasons Why Stocks Are Getting Weaker, Not Stronger
Stocks Are Getting Weaker, Not Stronger: 1. Possible August Top- Similar to 1987 2. Technicals & Fundamentals are deteriorating- 50 DMA line was support and is now resistance 3. Recent lows are breached and leaders under pressure 4. Crude Oil is surging – Higher energy prices act as an indirect tax on businesses and consumers….
10 Quotes from Albert Einstein
WANT MORE? GET POWERFUL IDEAS & MARKET INSIGHTS DELIVERED DIRECTLY TO YOUR INBOX 10 Quotes from Albert Einstein “Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius — and a lot of courage — to move in the opposite direction.” “Imagination is more important…
S&P 500 About To Breakout Of A Bullish Head & Shoulders Bottom
The S&P 500 is trading near its record high and is about to breakout from a short/bullish inverse head and shoulders bottom pattern. Keep in mind that from Feb’s low to Feb’s high, the $SPX has rallied a very impressive 7%, which is not an insignificant sum. In the old (non QE) days, a 10%…
