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.
This is bullish for the broader market and the Nasdaq Composite/Nasdaq 100.
Celebrate The 4th With A New FindLeadingStocks Membership! The July 4th Special Sold Out In A Few Hours! We Had a Great Response, Decided To Extend The Promotion And Will Offer It To The First 100 People Who Sign Up… If You Miss It – It Will Be Gone Forever And That Promotion Will Never…
Running out of Fuel There is no question that the strongest area of the market in the past week or so has been the Fuel Cell Stocks: PLUG, FCEL, BLDP. Their moves were simply not sustainable and the action today (big negative/outside reversals- after a big move) typically suggests it is time for these stocks…
S&P 500: Dangerous Black Swan Chart Formation
Sovereign debt woes continue to be the bane of this rally. At the end of April the S&P Rating Agency downgraded Greece’s debt to “junk” status, which accelerated the steep sell-off in the euro and sent it down to its 2008 lows! This sparked a world-wide panic sell-off which sent stocks plunging. In addition, Spain and Portugal’s debt was also downgraded which put pressure on a host of capital markets. Italy and Iceland are the two nations which analysts believe are also dealing with ominous debt levels. All of this helped the US dollar enjoy one of its strongest gains against the euro in over a year. Since November, the greenback has rallied smartly and jumped above its 50-day moving average (DMA) and 200 DMA lines. As expected, the stronger dollar sent US stocks and a slew of commodities (i.e. dollar denominated assets) lower as investors continue to debate our economic future.
LIKE THIS? JOIN OUR FREE NEWSLETTER (The following is a Special Report from FindLeadingStocks.com) Gold is In A Bear Market: Gold is down over $30 today and everyone is asking why? The simple answer is because gold is in a bear market. Since last June (past 10 months) gold has been trying to bottom. It…
Why The Fed Didn’t Taper: 9/22/2013 Two reasons: Fits their Agenda, and a Simple Cost/Benefit Analysis. Bernanke’s worst case scenario for continuing QE is hyper inflation, which is currently a nonevent. Meanwhile, the upside of continuing QE: Help the Economy, Create Jobs, and Raise Asset Prices. Since the worst possible scenario is hyperinflation (and we are no where near…