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…
Transportation stocks (IYT), are a very important area for both Main St AND Wall St. Why? Because they move “Stuff” and that typically serves as a good proxy for the economy and ultimately corporate earnings (a key component to higher stock prices). The following annotated chart shows how the IYT (Transports ETF) is strongly out performing the…
Looking For Leading Stocks? Take A FREE 2-week Today The Greatest Investor Of All-Time Many people overlook their mistakes and only look at their strengths. The problem is doing this invariably leads to more mistakes (repeating the same mistakes over and over again). Many people look at Warren Buffett, the most successful investor in history,…
The Bulls Are Getting Stronger 05.23.14 The bulls emerged victorious on Wall Street as they not only quelled the bearish pressure but also set the bullish stage for a very strong breakout. At its deepest this year, the S&P 500 only fell -6% below its record high which is impressive. In fact, we have not had a 10%…
“It Is Not the Strongest of the Species that Survives But the Most Adaptable.” ― Charles Darwin Digital Media 1.0 Is Dead: Earlier today, Todd Harrison, of MinyanVille Fame, penned a great piece titled “Why I’m Exiting The Digital Media Business.” Once again he is way ahead of his time and has his finger right on the…
Tug of War Continues In the short term, the large topping pattern continues to form. The top will be confirmed if/when the major averages break below support of their large bases. The tale of two tapes continues to unfold as the S&P 500 (SPX) and the Dow Jones Industrial Average (DJIA) continue to outperform the Nasdaq…
Plus: Despite heading lower, the Nasdaq Composite still hasn’t entered a technical correction. Excerpt from FindLeadingStocks.com’s Intraweek Update:That didn’t take long. On Monday, May 12, the S&P 500 (INDEXSP:.INX) and the Dow Jones Industrial Average (INDEXDJX:.DJI) broke out to fresh record highs, but then both stalled on Tuesday, rolled over, and negated their “obvious” breakouts on Wednesday, May 14. Remember that…
The gold market in the coming months In 2010, CNBC’s Cramer posted a video about reasons why people should buy gold. Those reasons still apply today, and people who want to invest in wealth or diversify their portfolios using gold should act now since its prices are fluctuating around the $1,200 mark. Last year, it seems…
Immediate Gratification: Profits are a function of time. By definition any trade that is exited with a profit requires a certain element of time. The problem is that most people have a natural tendency to seek immediate gratification at the expense of long term gratification. That is why most people lose money on Wall Street….
Stocks Defend Support- For Now: In the short term, the market continues tracing out a large topping pattern. The top will be confirmed if/when the neckline is breached (on a closing basis). On Friday, the Russell briefly undercut its neckline and then rallied and closed higher on the day. Underneath the surface the benchmark S&P 500…