Where We Stand: A Look at S&P 500 Sectors and Industries
The S&P 500 is currently battling it out with the most immediate support ($1275 - $1300) and resistance ($1345) levels on the daily charts. While investor sentiment is skewed to the bull side,...
View ArticleAre Credit Card Companies Back On Investors' Radar?
Visa (V), American Express (AXP), and Mastercard (MA) have continually alerted me with juicy shorter-term chart patterns as of late, so I decided it's time to take a closer look at the fundamental...
View ArticleNon-Cyclical Sectors Outperforming Cyclical Sectors
On April 18 I wrote a piece entitled Where We Stand: A Look at S&P 500 Sectors and Industries which looked at the recent outperformance of more cyclically exposed sectors versus defensive sectors....
View ArticleAre Financials Ready for a Bounce Higher?
It's no secret, the financial sector has been underperforming the broader market for the past three months. As the financials outperformed the market over the past two days however, and also developed...
View ArticleWhat Is the Russell 2000 Index Telling Us?
On May 2, 2011 the Russell 2000 (RUT) small-cap index landed at a fresh all-time high. From the March 2009 lows to the May 2011 highs, the measured move equals more than 150%. The S&P 500 (SPY) in...
View ArticleWhere Is the Bounce in Financial Stocks?
Last week I pondered whether the financial sector might be due for a bounce soon. (See Are Financials Ready for a Bounce Higher?)Thus far the financial sector has not bounced. As we are heading into a...
View ArticlePotential Short-Side Opportunity in VMware
VMware (VMW) has become traders' favorite momentum name over the past twelve months or so, and for good reason -- even if few understand what 'cloud computing' really is. The stock bottomed in late...
View ArticleTechnical Perspective After a Tough Day in the Markets
Yesterday's battle left much blood on the streets. It is exactly because of days like yesterday that we a) trade/invest in multiple time-frames and b) are open to entirely change our outlook each and...
View ArticleWhy 1345-1370 on the S&P 500 Is Likely to Fail as Resistance
The area between 1345 and 1370 on the S&P 500 served as resistance three times in 2011. After the latest rally that started in December 2011, here we are again right in the middle of this zone. In...
View ArticleHow to Trade Dendreon Ahead of Earnings, and Other Biotechs to Watch
The biotechnology company Dendreon Corporation (DNDN) reports earnings on Monday, February 27 before the market opens. In the past two months or so, Dendreon shares have approximately doubled due to...
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