The $SOX Breaks Out Of A 10yr Base & Hits a 12yr High!
This is bullish for the broader market and the Nasdaq Composite/Nasdaq 100.
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Black Friday Special – The Gift That Keeps On Giving
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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…
Bulls Gobble Up Stocks As Volume Recedes
The major averages advanced on Wednesday as the greenback slid to a 14-year low against the yen after the latest round of economic data was released. As expected, volume, a critical component of institutional demand, was lower than Tuesday’s levels ahead of the the Thanksgiving day holiday. The stock market will be closed on Thursday and is slated to close early on Friday (1pm EST) in oberservence of the holiday. Advancers led decliners by over a 2-to-1 ratio on the NYSE but trailed by a narrow margin on the Nasdaq exchange. There were 22high-ranked companies from the CANSLIM.net Leaders List making a new 52-week high and appearing on the CANSLIM.net BreakOuts Page, higher from the 12 issues that appeared on the prior session. In terms of new leadership, it was encouraging to see new 52-week highs outnumber new 52-week lows on the NYSE and Nasdaq exchange.
3 Reasons Why The Fed Will Not Taper in in 2013
We do not think the Fed will taper in 2013 and here’s why: 1. Neither of the Fed’s targets have been met: A. Unemployment rate drops below 7% AND (not or) B. Inflation rises to 2%. Actually, one could argue that deflation is more of a concern right now than inflation. 2. Yellen’s In, Bernanke’s Out: Another…
The Good, The Bad, & The Lovely 09.20.13
The Lovely: The Fed Continues Printing $4B/Day! Good: Stocks are strong Industrial production matched estimates and rose 0.4% in August after being flat in July. Read here The consumer price index (CPI) rose by 0.1% in August which missed estimates for a gain of 0.2%.Read here No Taper, Fed stays the course and continues QE Read here…
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