Stocks Finally Post A Gain

Stocks put in their first positive close in over a week Wednesday. Trading volume continues to be heavy as selling pressure eases. Gains were broad across the board, with a concentration on large cap indexes. Leading stocks lagged, as did small caps. So now I’ll keep an eye out for building strength, although I don’t expect it yet. With a […]

Back To Rally?

Today was the typical move that sounds the “all-clear” for stocks to run back to new highs, as they have done for 2+ years now. Trading volume was light, however. Leading stocks also lagged on the day, aside from the invincible biotech group. There were qualified buy signals on MDXG and INCY today, both of which I passed on (but […]

Stocks Come In

Stocks came in again on Tuesday, after a morning bounce, still consolidating after last weeks gains. Trading volume was again light. Leading stocks continue to hold their own and now include biotechs, midcaps and small caps. I had buy signals on speculative stocks ABMD, OVAS, and DPLO – none of which I bought. Both ABMD and DPLO gave no safe […]

More Money Moving Out Of Large Cap Indexes

More money found it’s way out of the large cap indexes, moving into midcaps, biotechs and select leading names. Trading volume was light as the day was pretty slow. Leading stocks continue to outperform without flashing buy signals. Some of the outperformance is simply holding steady as the indexes sag. The biotech indexes, on the other hand, remain in strong […]

History’s largest Circle Jerk

Since 2008, the ultra-wealthy have been bidding up their own assets, deluding themselves that the fabricated valuations they place on them are real.Momentum bubble visualized:Sales / Price: The amount of revenue for each dollar invested in stocks:http://www.multpl.com/s-p-500-price-to-salesData from WSJ:One year ago, 41 private venture start-ups were valued at $1 billion or more. Now, 75 companies are valued above $1 billion. […]

Mixed Results

Stocks closed mixed Tuesday, lead by large cap indexes. Trading volume was light as we continue to chug-along here near highs. Biotechs were back to their winning ways as the Nasdaq Biotech index nears all time highs. Leading stocks generally outperformed, albeit by a smaller margin. CYBR extended it’s earnings related gains, yet VDSI swung wildly after announcing it’s earnings. […]

A Thud To Close Out The Year

Stocks reversed earlier gains to close lower on New Year’s Eve. Trading volume picked up a bit, but remained light. Leading stocks looked good early in the day, but once again fizzled. This has been a common theme since summer. I don’t know what it’s going to take for companies with the best growth prospects to attract investment. Wondering where […]

Setting Up For A Great Trade: Mining Equipment Stocks Digging …

Anytime a trader or investor looks at a stock chart they should look to see if the instrument is making a new high, or a lower high. Continuous lower highs are a good indicator that further weakness is ahead for the equity. Earlier today, the leading mining equipment company, Joy Global Inc (NYSE:JOY) reported earnings. The stock is trading higher by […]