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 […]
People have called me a “perma-bull” forever. Mish Shedlock called me a “wacko”. Zerohedge has called me insane. Nouriel Roubini has laughed in my face. My daughters still quote Don Luskin when he was on CNBC shaking his head and saying, “James, James, James…” while laughing after I said the market was going to hit new highs.
Well, the market has […]
By Johanna BennettDo you want safe, or sexy?That’s the question facing biotechnology investors, according to a recent research note from Cowen analysts that previews the sector’s second-quarter financial results.“In heady times, large cap provides a safe haven, smid caps the sex appeal,” reads the note.After shrugging off a selloff in late June, the Nasdaq Biotechnology index has gained 30% since […]
Market Outlookhttp://www.theoptionplayer.com/U.S. stocks posted a fourth straight week of increases but ended last week little changed as losses in healthcare shares offset gains in energy. The S&P 500, which hasn’t made a 1 percent move this month, is now up 10.4 percent for the year. For the week, the Dow and S&P 500 rose 0.4 percent and the Nasdaq climbed […]
Everyone seems to have a Top 10 list, so here’s this week’s Top 8 reasons why traders be a little nervous about stocks at these levels.
1. Low volume: Lowest four volume days of the year for the S&P 500 (NYSE: SPY) have occurred in the past 10 trading days.
2. Low VIX: Even with the slight bump up recently, VIX still […]
SharePinterestFacebookEmailIn case you were paying too much attention to the crises in Ukraine or Venezuela, President Obama went on Zach Galifianakis’ internet show, “Between Two Ferns,” to push Obamacare.The president’s appearance on the show is part of a larger PR push that the Obama administration is conducting leading up to the March 31 open enrollment deadline. Reports from the White […]
Michael Hausam | On 12, Feb 2014Take a moment to compare this eerie chart of the 1929 stock market crash that launched the Great Depression and the current one:Is the market primed for a massive drop? Are the recent gains subject to a similar catastrophic change? We can’t know, but maybe.However, concern over the massive bond-buying by the Federal Reserve […]
SharePinterestFacebookEmailFollowing last week’s revelations concerning President Obama’s broken promises about the benefits of Obamacare, the president’s poll numbers have fallen dramatically.But has the president seen the same blowback on social media? Using the analytics tool Crimson Hexagon, we tracked the sentiment surrounding Obamacare over the last week.Of the 8,869 relevant social media posts, support for the president’s healthcare law has […]