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Today's Market in 1 Picture

in Opinion by SharePlanner
Here's my market analysis to cap off the week:...
TGIF

TGIF

in Opinion by SharePlanner
SPX closed 4.5 handles under the upper bollinger band yesterday. This doesn't mean that the upper band ride has ended but it's important that the upper band at least be tested today and that support at yesterday's low at 1882.65 be respected today. If SPX has a strong day then I will be expecting the upper band to close today in the 1896-1900 range.…
SP 500 Market Analysis 4-4-14

Today's Trading Plan: Employment Driver

in Opinion by SharePlanner
Pre-market update:Asian markets traded 0.2% higher.European markets are trading 0.5% higher.US futures are trading 0.5% higher ahead of the market open. Economic reports due out (all times are eastern): Employment Situation (8:30), Treasury STRIPS (3)Technical Outlook (SPX):Strong gap up in play as a result of the employment report that should allow…
The recent under-performance of the NASDAQ continues

T2108 Update (April 3, 2014) – More Overbought Churn (Includes chart reviews for GOOG, FB, AMZN)

in Latest News by Blog Network
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are…
Stocks Retreat from Record Highs after Disappointing Economic News

Stocks Retreat from Record Highs after Disappointing Economic News

in Opinion by SharePlanner
Both the Dow Jones Industrial Average and the S&P 500 retreated from record highs after a downbeat report from the ISM sank momentum stocks.Thursday’s trading session was off to a good start, as both the Dow Jones Industrial Average and the S&P 500 hit new record intraday highs during the first half-hour. At 10:00, the Institute for Supply Management…
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No Speeding Before the Jobs Report

in Latest News by Blog Network
I normally would not be sidestepping or emphasizing a jobs report so much. But the truth of the matter is that it should seem fairly obvious the market’s many divergences are needing an excuse to resolve themselves.Specifically, the troubling action in the Nasdaq versus the strong S&P.On the intraday charts of both, spanning the past few days of…
SPY QQQ 120 Minute Charts

SPY QQQ 120 Minute Charts

in Latest News by Blog Network
The SPY/$SPX has been stronger than the $NDX on this most recent move up with the short-term downtrend that was in place since the March 7th high called into question. I still favor additional downside from here (primary) with the possibility of a marginal new high before prices turn back down (alternative scenario).SPY 120 Minute April 3rd As of now,…
Riding the Upper Band

Riding the Upper Band

in Opinion by SharePlanner
Yesterday morning I gave two options for the day and the first was that the SPX ride the daily upper band upwards. SPX closed a quarter point under the upper band so that was the option taken, and an upper band ride can last for several days, rising with the upper band at an average gain of 5 to 7 points per day. If we do the same again today then we…
SP 500 Market Analysis 4-3-14

Today's Trading Plan: Back in Rhythm

in Opinion by SharePlanner
Pre-market update:Asian markets traded 0.1% higher.European markets are trading 0.3% higher.US futures are trading flat ahead of the market open. Economic reports due out (all times are eastern): Challenger Job-Cut Report (7:30), International Trade (8:30), Jobless Claims (8:30), PMI Services Index (9:45), ISM Non-Manufacturing Index (10), EIA Natural…
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Why This Isn’t The 1999 Market Bubble

in Latest News by Blog Network
Why This Isn't The 1999 Market BubbleIrrational Nonexuberance for Stocks by Barry Ritholtz The endless chatter of bubbles and crashes continues unabated. Eventually, all bull markets come to an end, and this one must eventually as well. But as I sit down to write this, the Standard & Poor's 500 Index (SPX) (SPY) just hit yet another all-time high. U.S.…
A Near-Miss for the Dow Jones Industrial Average on Wednesday

A Near-Miss for the Dow Jones Industrial Average on Wednesday

in Opinion by SharePlanner
The Dow Jones Industrial Average finished Wednesday just 3.66 points of a record high close, after coming within 0.06 point of an intraday record.On Wednesday, the Dow Jones Industrial Average came within 0.06 point of reaching its record intraday high of 16,588.25 after climbing to 16,588.19. The Dow finished Wednesday’s session just 3.66 points short…
Hottest Links

Hottest Links: M-Pesa, Fannie Mae, And Irrational Non-Exuberance

in Latest News by Blog Network
Hottest links for Tuesday, April 2nd, the late edition. Get our free daily newsletter and never miss a single linkfest. Also, now if you sign up you will get our new e-book on value investing.Top stories for today are posted below. Today we’ve got a great exclusive piece by our very own Mark Melin, who spoke with Larry Tabb, who took the recent HFT…
Breaking Up

Breaking Up

in Opinion by SharePlanner
The bulls had a good day yesterday as expected and tested the daily upper bollinger band, closing effectively at the upper band. There are two main options here and the first, if this is a strong breakout, is that SPX would ride the upper band up at 5 to 7 handles per day for several days. The second is that we see some retracement here that might well…
q1 use

Q1 2014 Comparison March Reversal Stocks List

in Latest News by Blog Network
Q1 2014 Comparison & March Reversal Stocks List2014 vs. Other Years During the Bull Market Coming off a year that saw the S&P 500 (SPX) (SPY) gain nearly 30%, the market took a breather in the first quarter of 2014. Actually, it was the weakest first quarter we've seen during the current bull market. Below is a chart showing the S&P 500's performance…
T2108 Update (April 1, 2014) – A Stubbornly Overbought Market

T2108 Update (April 1, 2014) – A Stubbornly Overbought Market

in Latest News by Blog Network
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are…
SP 500 Market Analysis 4-2-14

Today's Trading Plan: A Glowing Look For Stocks

in Opinion by SharePlanner
Pre-market update:Asian markets traded 0.7% higher.European markets are trading 0.1% higher.US futures are trading flat ahead of the market open. Economic reports due out (all times are eastern): MBA Purchase Applications (7), ADP Employment Report (8:15), Factory Orders (10), EIA Petroleum Status Report (10:30)Technical Outlook (SPX):After nine tries…
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Tilson Short ONVO, DDD, NQ, Also Twitter?: Full Presentation

in Latest News by Blog Network
Bloomberg Brief reported earlier today that Whitney Tilson is short Organovo Holdings Inc (NYSE:ONVO). Shares of the stock jumped sank on the news, but were up 2.23% for the day. A reader sent us a copy of what is likely his presentation on the stock.The one question we have is Tilson short Twitter Inc (NYSE:TWTR)? You decide.Below is some excerpts…
Manufacturing PMI Report Sends S P 500 to New Record High

Manufacturing PMI Report Sends S P 500 to New Record High

in Opinion by SharePlanner
The S&P 500 hit new record intraday and closing highs after the Institute for Supply Management’s manufacturing PMI rose to 53.7.The S&P 500 reached new record intraday and closing highs after upbeat manufacturing PMI reports for March increased investors’ appetite for risk. The Institute for Supply Management’s March 2014 Manufacturing ISM Report on…
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Increasing Specialization, Isolation Leads To “Tower of Babel” Effect

in Latest News by Blog Network
“Davidson” submits:We have many experts working in their own ‘silos’. They only see the details of their own area of expertise without being aware of important connections to the broader economy. This results in a “Tower of Babel” for us as investors. The advice to which we are exposed is so often at cross purposes that trying to comprehend it is all…
The Bulls' Turn

The Bulls' Turn

in Opinion by SharePlanner
It is April Fools' Day today and also the first trading day of Q2, which since 1990 has on average been the most bullish day of the most bullish month of the year. It seems very possible that the current all time high on SPX will be tested today and obviously this is an auspicious day for the bulls to be doing that.It has been an impressive five full…
Momentum Fading In Fannie Mae, Freddie Mac Reform

Momentum Fading In Fannie Mae, Freddie Mac Reform

in Latest News by Blog Network
Support from liberal groups and lack of Obama administration spending political capital on issue indicates it could languish until 2015Momentum is fading in the Johnson-Crapo Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) reform legislation, according to a research note…

     

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