US Markets

S&P 500 Closes Up 7 Days In A Row: What’s Next?

S&P 500 futures (Symbol: ES) just finished their seventh consecutive day higher Wednesday, completing a feat that has occurred 14 times in the previous 10 years. After such a run, the question “Do 7 consecutive net closes higher provide any short-to-medium term edge, long or short?” naturally follows.  Fortunately for…

Stock Pullback Evaporating: Is This It?

The Year of Our Lord 2014 opened with US equities pushing yet further into the still-rarefied but increasingly pedestrian ether of new all-time highs. Not unlike 2000, the best and brightest augurs strategists on the Street see 2014 as a continuation of the outlier year just previous: The latter half…

Pullback Over? Signs a Market Rally Is Building

The routine series of technical scans I run each market day have little-by-little turned over a rock and found something the past couple sessions that all the weeping and gnashing of teeth over the S&P 500’s -6.2% pullback from January’s all-time highs has predictably missed: many popular market measures have…

Technically Speaking: Twitter Earnings Preview

Whether you’ve published to it 100,000 times or just recently became acquainted during a 48-hour lurking marathon of accessing instant and vital documentary footage of Justin Bieber deftly evading Miami-Dade police, an event uniting all of us occurs tomorrow: Twitter earnings. After weathering a concentrated volley of negative analyst activity…

S&P 500 Technical Update: Bulls And Bears Set To Collide

Just as traders were readying for some follow through to the downside, stocks put in a strong performance Thursday, erasing all of Wednesday’s losses. The S&P 500 now finds itself back near 1800. And the price action has all the markings of a classic bull-bear battle. Its S&P 500 technical support…

Facebook Earnings Push Stock Higher

Investors found themselves a bit unsure heading into the Facebook earnings report. After touching its 20 week moving average on Monday, Facebook (FB) rallied a bit, before dipping into its earnings report. All told, this was actually quite a feat… especially when you consider that many investors are becoming cautious on the…

Small Reminders of the Age of Turbulence

Friday, stocks had what I’ll call a dislocative session, with the S&P 500 doing something it hasn’t done since June and has done only 5 other times in over 2 years: losing 2% or more. -2%+ days aren’t much of a milestone – it’s happened 311 times since 1962 –…

Select Mining Stocks In Focus: AA, CCJ

Whether the market pulls back, trades sideways, or just keeps trucking higher, the economy is steadily improving. So it’s a good time to follow where the money is flowing in order to be ready when future opportunities present themselves (i.e. a stock market correction – read my latest post on…

Caution: XRT Underperformance Puts Retailers In Focus

There has been an interesting development in the S&P Retail Index (XRT) in recent weeks. Namely, it’s been severely underperforming the S&P 500. This is pretty important, because the XRT underperformance could be signaling a slowdown in consumer spending. And any slowdown in spending could effect far more than just…

All Alone: A Generational Shift In US Diplomacy

In the very early ‘90s, with the fall of the Soviet Empire, US diplomacy edged toward proactive, as the United States became the de facto policeman of the world. An unwilling policeman at first, the US turned almost crusader by the end of the Bush administration. After lasting nearly a generation, I…