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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…
Long Term Look At The U.S. Stock Market: 1900-2012 (Summer)
Long Sideways Patterns Are Normal For The Stock Market: This is one of my favorite charts because it clearly shows that we are in the middle of a long (12 yr) sideways pattern in the US stock market. These long sideways periods are “normal,” have happened before, and will happen again. …And So…
Stupid Is As Stupid Does- Don't Be A Wall Street Fool
LIKE THIS POST? JOIN OUR FREE NEWSLETTER I Love People: Let me begin by saying that I love people. People fascinate me. I love learning what makes them tick (pun intended). Why they make their decisions? What fears do they have? What hopes do they have? What is holding them back? Why do some excel…
Critical Inflection Point: Stocks Encounter Stubborn Resistance
The major averages spent the first two weeks of July rallying from extremely oversold levels before encountering stubborn resistance near their moving averages and downward trendlines. We have seen stocks fail at resistance multiple times since the two month downtrend began in late April. The major averages are at a critical inflection point: either break above resistance or rollover and begin another downtrend.
If You Do Not Have a Sound Trading Plan, Stop Trading
This Week’s Trading Lesson Sound Systems Yield Success: When you think of the best run companies in the world, what names come to mind? Wal-Mart? Proctor and Gamble? Perhaps Apple? Think of the worst run companies and you might think of a company like Enron, which is now out of business because it was run…
Few Undervalued Stocks For Your Review
Note: Earlier today- we sent out a note to our clients bringing their attention to the strong action we are seeing in a slew of financials. To access that information and find leading stocks, right now. Join Here Follow The (BIG) Money: For the last few years, we have consistently made the case in this column…
