A note of caution, careful chasing stocks up here after a big move. Selective buys/secondary buys are one thing – if/when they trigger – but over the long term you will do much better if you resist the “urge” to buy just because stocks are up (a.k.a chasing). As you can see from our process, we began buying…
Don’t Fight Central Banks 06.06.14 The bulls emerged victorious in the first week of June sending the benchmark S&P 500 (SPX) and several other popular averages to fresh highs. For the first 5.5-months of this year the market built a large bullish continuation base to digest 2013’s very strong rally (29%). Now that the SPX broke out…
US STOCKS-Wall Street flat after data 6.4.14 * ISM services report strong, but ADP report weak * Many investors worry about low volume and volatility * Protective Life jumps, Dai-ichi to buy * NQ Mobile has biggest gain ever, up 28 pct * Dow down 0.2 pct, S&P down 0.1 pct, Nasdaq up 0.1 pct (Updates to open, adds ISM data)…
I can’t help but notice that S&P 500 Futures (ESM4) are up 8 consecutive weeks in a row and up 11 straight days. Over the next 48hrs, the market will digest two important data points (ECB & Jobs Report). Clearly, in the short term we are extended to the upside and a light volume pullback…
The most common definition of a bear market is a decline of 20% or more below a recent high. Earlier this year, the IBB (Biotech ETF) fell 24% which dragged down a slew of momentum and growth stocks. At the time, I wrote about (here) how steep corrections were normal and actually healthy for these…
I look at capital markets (stocks, bonds, currencies, and commodities) as the last economic frontier. For the purpose of this article, I’ll focus on Wall Street but the same concepts apply to other markets. It is the one place on earth where anyone can make (or loss) a fortune- regardless of their background, skill-set, formal…
Own Leading Stocks An easy way to beat the market is to find and own leading stocks. Put simply, that is exactly what you get with your FindLeadingStocks Membership. We receive quite a few emails asking us what is included in a FLS Membership. So we decided to give you a glimpse of some of our work…
The Bulls Are In Control 05.30.14 The bulls emerged victorious on the shortened holiday week after quelling the bearish pressure and sending the benchmark S&P 500 (SPX) to a fresh record high. Earlier this year, we wrote about how the market was in the process of building a large top and noted that we needed the…
Like this? Join Our Free Newsletter Here Bearish Technical Signs Mounting For The Yellow Metal: Todd has done a great job highlighting gold’s woes in recent weeks. Earlier this week, gold broke down below two important technical areas: inverse cup-with-handle pattern, and…
29-May-2014 14:42 By Frank Tang NEW YORK, May 29 (Reuters) – An imminent “death cross” on the chart of spot bullion is stirring memories among gold traders of the metal’s plunge in April 2013, which was preceded by such bearish formation. Spot gold’s 50-day moving average is within $1 of breaking below…