TraderFeed: Momentum, Value, and Short-Term Movement in the Stock Market
Momentum, Value, and Short-Term Movement in the Stock MarketAbove is a plot of an interesting measure that tracks the difference between short term and intermediate term new highs minus new lows for SPX stocks only. (Raw data from the Index Indicators site). When that difference is highly positive, it means that […]
A new study by Zhi Da, Viola D. Hank Associate Professor of Finance at the University of Notre Dame, shows that the growth rate in industrial electricity usage negatively predicts next one-year stock market returns.“For example, if the industrial electricity usage this month is one percent lower than that in the same month last year, we predict the stock market […]
Share on StockTwitsEmbedThe US markets are all back at all-time highs.I am happy because it feels really good and even right. In a market like this I remain underinvested but am being dragged into positions by the positive price action.Here’s what I see:Apple is being rewarded from profits and execution (I have been selling a bit lately).Google is ‘chopped suey’ […]
The S&P 500 and Dow Jones posted record gains yesterday, utterly astonishing televangelist Pat Robertson, who found himself unable to explain how the stock market is going up under President Obama.On “The 700 Club” this morning, Robertson argued both that such positive economic news comes in spite of Obama’s purportedly disastrous leadership — because “Obama and his crew are doing […]
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