Market News & Insights

Inside Tuesday’s Trading Breakout: Why Stocks Trended Higher

Yesterday was a particularly interesting day of trading, as the bulls really ramped the market up through some key resistance levels, scoring a trading breakout. In short, stops were busted and shorts covered, “squeezing” the stock market higher). I want to share with you what I perceived as the initial ‘why’…

Economic Data Watch: June Federal Reserve Meeting Looms

April was an uneventful month, as oil and the U.S. stock market drifted a bit higher and investors began to speculate about the June Federal Reserve meeting. As well, official data from China indicated that the capital flight has abated somewhat, which lent a bit of support to global stock market…

S&P 500 Futures Update: Stocks Revisit Key Price Levels

S&P 500 Futures Outlook for May 17 – True to form in the current environment (see yesterday’s opening paragraph), the buyers came to the rescues once more and gave the charts the added lift to rise off support levels. Range expansion continues, but sellers were aggressive at the regions near…

Baidu (BIDU): Chinese Investigation Dragging Stock Lower

Baidu (BIDU), the largest internet search engine company in China, has come under fire as of late after one of its users, a 21 year old university student Wei Zexi died after trying an experimental cancer treatment he found advertised on the website. Once the treatment failed he took to social media…

U.S. Economic Update: Higher Wages A Boon For Workers

Key Takeaway: Job openings are back to record levels and this is giving workers confidence to voluntarily leave their job to look for better opportunity. Higher wages are also being seen and this appears to be relatively broadly-based (and not just in lower-paying industries). The hullabaloo over last Friday’s employment report…

S&P 500 Futures Outlook: Can The Bulls Hold 2070?

S&P 500 Futures Outlook for May 11, 2016 – Stock market futures have held gains nicely thus far. After moving above the initial S&P 500 futures target of 2071.5, we got a retest of this level in the premarket and are now bouncing higher. Keep an eye on this level. Momentum continues to be…

Investment Fees and Expenses: The Logic Of Numbers

It is fair to say we are very focused on investment fees and expenses. At times, this probably comes across as an irrational obsession to everyday investors using (or in need) of an advisor. As many like to explain it, if you are shopping for a new car, computer, or vacuum cleaner,…

U.S. Economy, Stocks Sputter: Is The Fed Pushing A String?

I haven’t had much time to write lately so I wanted to share a quick market update, including a simple animation from Hedgeye Research that clearly explains the sequence of events that have occurred in the markets the last couple of years. It provides the backdrop for why I exited…

Chart Spotlight: S&P 500 Reaches Important Level For Traders

The S&P 500 Index $SPX is battling its 50 Day moving average (DMA) around 2040, seeing a major tug-o-war play out between the bulls and bears.  Investors should also take note of the April low of 2033. In all, this makes the 2035 area an important one for the stock market. For the…