Stocks & ETFs

Is The NYSE Composite Index Topping? Watch That Divergence

The markets have been choppy for several weeks and this has made it difficult for traders and investors to figure out the market’s next move. But the NYSE Composite Index (NYA) may be a market ‘tell’… today or in the days ahead. While the NYSE Composite Index has made new highs, the other major indices (Dow Jones and S&P 500) have not. This is a divergence to keep an eye

Zillow Stock (Z): Rally Brings It Back From The Brink

This past Tuesday, Zillow (Z) lowered its outlook for 2015 and its CEO said it was going to be a “transition year”. Zillow also said that a longer than expected acquisition of Trulia was weighing on its outlook. As expected, Zillow stock was hammered on Tuesday morning, dropping over 10 percent (as low as 81.07) after the open, before recovering to close down just 1.4 percent. Today the stock closed at 96.53 (19 percent above those Tuesday

S&P 500 Within Reach Of Major Fibonacci Level

It’s inevitable, every time investors start to “look” higher, the market reverses and punishes them. This has happened several times in 2015 as the markets have been volatile and choppy. But with the stock market back near all time highs, a major S&P 500 Fibonacci target comes into play again. Back in late February, I posted about the 1.618 Fibonacci extension from the ’09 lows back above the ’07 highs.

Why The Euro May Be Headed Higher In The Weeks Ahead

Over the past several weeks, the Euro has been attempting to put in a tradable bottom. In this post we’ll look at how that is taking shape. Note that this is an update to our March 13 post that suggested the Euro should find support for a medium-sized corrective move versus the U.S. Dollar. The share price for the Guggenheim Investments Currency Shares Euro ETF (symbol FXE) bounced for several

Is The Energy Sector ETF (XLE) Ready To Breakout?

One of the hottest topics in the market today is the energy sector and Crude Oil. And today the Energy Sector ETF (XLE) is nearing a breakout. Below is a weekly chart of the Energy Sector ETF with the 50-week Moving Average and the trend line support going back to 2010. Key takeaways: Trend support has become resistance and price is approaching this previously key trend line. Momentum has already

Intel Earnings Strong, But Stock Has Work To Do

After the closing bell, we were greeted with another slew of earnings reports to sift through. One after hours mover that caught my eye was Intel (INTC). The Intel earnings report was applauded with a 3 percent rise in after hours trading. By the numbers: Intel earnings came in at $0.41 on $12.78 Billion in revenue. The consensus was $0.40 on $12.83 Billion in revenue. So what’s the big deal? Well, as

Why The SP 500 May Be Targeting Higher Prices Yet

The current rally on the S&P 500 may be targeting higher prices yet. Why do I say that? Because that’s what my Fibonacci method is telling me. Let’s look at some charts. Below is a longer term, daily chart of the S&P 500 E-Mini contract (ES) I’ve used for acquiring longer term targets starting back in 2010. All the upside targets have been hit and closed except for the current

Emerging Markets (EEM) At Critical Juncture: Implications Abound

After a rough 2014 that carried over into early 2015, the Emerging Markets ETF (EEM) have finally begun to show some strong relative strength to the S&P 500 (SPX). But there are several reasons to watch this relationship beyond the two ticker symbols mentioned here. Before I dig into the relationship between the S&P 500 ETF (SPY) and the Emerging Markets ETF (and other implications), perhaps we should briefly recap Ratio

Brazil ETF (EWZ) Overbought: Can It Hold Above 50 Day MA?

After rebounding convincingly from the 30 level, the iShares Brazil ETF (EWZ) is overbought for the first time this year. Over the past 9+ months, the combination of a drop from overbought territory (on the RSI) and a short-term peak in the Rate of Change (ROC) has proven to be a favorable place to get short or tighten stops on existing long positions. What would make me think this EWZ rally

Why The Coal And Shipping Sector ETFs Could Rise Again

While the major stock market indices are near all-time highs, this can not be said for stocks in the Coal or Shipping sectors. Whoa, they have been smoked over the past few years. BUT, the Coal and Shipping sector ETFs are showing technical signs that they may be ready to move higher. The Coal Sector ETF (KOL) declined 65% over the past 4-years, while the Shipping Sector ETF (SEA) is about a