US Markets

Pre-Market Chart Watch: Russell 2000 Ready To Breakout?

Volatility has returned to the markets and with it has come increased beta. This likely has many traders rejoicing, but considering the big move yesterday and pre-market move higher today, it may depend on directional bets. That said, the iShares Russell 2000 ETF (IWM) is nearing an important juncture. Just two days ago, the Russell 2000 was sitting on the brink of a deeper correction, holding near the intersection of

Correlation Watch: Crude, Oil Services, and The Loonie

Why am I looking for SUPPORT in Crude Oil and the Oil Services Index (OSX)? Because, as you will see, they correlate nicely to the US Dollar (USD) vs. the Canadian Dollar (CAD/Loonie) and as a spot FX trader/investor I like to see as many correlations as I can. It’s that simple… Am I trying to “catch the falling knife of crude?”  No Am I trying to “make a great call?”

S&P 500 Technical Support Update

It took just 6 days to wipe out nearly 100 points on the S&P 500 (SPX – Quote). With all eyes looking forward to a “Santa” rally, many were caught off guard. For the record, the Santa rally typically doesn’t start until next week, so we may still get one… albeit from lower levels. Here’s one of my tweet’s from last Thursday that summed up the action heading into Friday: Bears

GoPro Stock (GPRO) Nearing Important Price Support

On October 2nd, I wrote a research note about GoPro (GPRO). What made the note so interesting was that the geometry and PATTERNS in play pointed to a pullback. While our count differed slightly, the geometry worked well – GoPro’s stock reached a short-term top shortly after our post (and within a dollar of my target). Fast forward to today and GPRO shares are quickly approaching a key price level that will

Master Limited Partnerships Hit By Energy, Credit Concerns

The deleveraging in the energy sector continues and one area that is going down with the ship is Master Limited Partnerships (MLPs). These high yield energy-related securities fell heavily during October and are once again free falling over the glut of energy stock piles and plunging Crude Oil (WTI – Quote) prices. Industry titan Alerian MLP ETF (AMLP) is a $9 billion fund that tracks 25 of the largest Master Limited Partnerships

Sustainable Investing In Real Estate En Vogue

The economic crisis changed the real estate landscape in numerous ways. Traditional financing dried up, inventories spiked, prices cratered and the long held belief that property only appreciated was replaced by an ongoing skepticism about the true value of real estate. However, out of this depressed real estate market has grown a renewed focus on saving money. This, in addition to increased environmental awareness, has led to buildings and communities

Chart Focus: Why The Small Caps Are Important To Watch

As I type this quick research note, the US equities markets are set to open lower. In fact, the last I looked, The iShares Russell 2000 (IWM) was trading around 114.85 in pre-market (down almost a percent). And this has the small caps index near two levels of technical significance that could alter the path for equities in December. First, there is a band of support that forms across the November 19 (114.37),

Up/Down Market Volume A Near-Term Concern For Stocks

On Monday, I sent out the weekly market commentary and talked about the issue of taking the escalator up and the windows down. I included charts of the S&P 500 ETF (SPY – Quote) from Monday’s action that illustrated that market volume was 3 times greater when the market fell than when it was going up. The markets opened down 1% yesterday on market volume that was SEVEN TIMES GREATER than

Is Cisco Stock (CSCO) Worth Buying On A Pullback?

Cisco … an amazing company with amazing technology! Unlike most of my posts where I have no earthly idea of the fundamentals involved in the daily running of the company, I do have a clue of the importance and powerful technology that they bring to the table. All that being said, it’s still just a chart. Folks, there is so much AMAZING stuff going on with the chart of Cisco

Stock Market Trends Still ‘Up’ But Risk Increasing

Market Trending Indicators US Stock Market    Trending Up Canadian Stock Market   Trending Down US Bond Yields      Yields Trending Down   There is an old saying that a picture is worth a thousand words. Since I am an inherently lazy writer I’ll make use of today’s stock chart of the S&P 500 (SPX – Quote) index: Over the last weeks and months I have talked about the issue of