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Sector Detector: Bulls keep their powder dry as presidential debates begin
With all the recent central bank actions (e.g., the Fed’s unlimited QE3, the ECB’s Outright Monetary Transactions, and the Bank of Japan’s ongoing initiatives), the expectation of infinite liquidity is...
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Sector Detector: Earnings season launches under cloud of low expectations
As earnings season gets underway, it has become clear that there is a disconnect between the bull market in stocks and the ability of the companies behind those stocks to generate any revenue growth in...
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What the Market Wants: Uncertainty Reigns in the Market
The coming week should reduce uncertainty, at least slightly, since we get a bevy of new economic data and 15% of the S&P 500 reports. And maybe Spain will decide whether or not it needs help....
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Sector Detector: Stocks back in rally mode even without Tech leadership
Five years ago this month, the S&P 500 hit all-time high of 1576. It closed Wednesday at 1461. Can the market make a run at that all-time high? Well, the biggest threat at the moment to bullish...
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ETF Periscope: Watch Out Below If Earnings Disappoint This Week
“Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so.” -- Douglas AdamsLast Friday’s sharp...
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What the Market Wants: Looking for Certainty Amidst Uncertainty
That’s been hard to figure lately. Uncertainty has not eased. Not in Europe. Not in the Middle East. Not in China or Japan. Not in the U.S., with a dead-heat election battle and unknown future...
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Sector Detector: Rankings stay neutral while charts take a bullish turn
The news has been dominated by the predictable on-and-off speculation about progress with Europe’s intractable debt crisis and the Fiscal Cliff here at home. With all the economic uncertainty, Wall...
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Sector Detector: Bulls plot their attack on the highs
Another earnings season is underway. I haven’t noticed much in the way of earnings pre-announcements (i.e., warnings), which is a positive sign. However, the big banks continue to consolidate and...
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Sector Detector: Good news and earnings propel stocks as fear abates
Earnings season is in full swing, and on balance, investors are liking what they hear. Tech leaders Google (GOOG) and IBM (IBM) got bought in truckloads after their fine earnings reports, although...
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ETF Periscope: Gold Gets Smacked Down as Wall Street Continues to Soar
“Success is not final, failure is not fatal: it is the courage to continue that counts.” -- Winston ChurchillFor the moment, investors continue to see any signs of a sharp market drop as a clear buying...
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ETF Periscope: Reactive Market Responds to Fed’s Mixed Tapering Signal
“You must live in the present, launch yourself on every wave, find your eternity in each moment. -- Henry David ThoreauWell, that party didn’t last long, and the hangover was on the nasty side.Wall...
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ETF Periscope: Expect Stormy Q3 Earnings Season as Washington’s Maelstrom...
“I am always doing that which I can not do, in order that I may learn how to do it.” -- Pablo PicassoSo now the fun really begins.That is, if you consider fun the sort of thing that happens when Wall...
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ETF Periscope: Sentiment on Main Street at Odds with Jubilation on Wall Street
“Thunder is good, thunder is impressive; but it is lightning that does all the work.” — Mark TwainIf you go by Wall Street’s scorecard, the economy seems to be going gangbusters, as evidenced by the...
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Sector Detector: Fed reiterates its role as Mr. Market’s trusty sidekick
Like any superhero or action movie star who relies upon a “trusty sidekick,” Mr. Market stays strong, confident, and bold with the Federal Reserve at his side. Chairman Bernanke (and heir apparent...
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Sector Detector: Bulls seek entry point to launch year-end rally
The U.S. stock market has been reluctant to provide eager bulls with a tasty entry point ahead of the much anticipated year-end rally. Although the major indexes have seen fit to consolidate a bit and...
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Sector Detector: Is there still enough fuel in the bulls’ tank?
As stock traders take a break for Thanksgiving, all the major averages have hit new highs after breaking through psychological resistance levels, including the S&P 500 at 1800, Dow Jones...
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Sector Detector: Random observations, as consolidation in stocks continues
The stock market’s technical consolidation continues, and in fact anyone who missed last week’s entry point for the widely-anticipated year-end rally is getting another shot at it. The S&P 500 and...
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Sector Detector: Fed drops the green flag and bulls are off to the races
Well, Fed Chairman Bernanke has proved me wrong by dipping his toe into the dreaded tapering of QE3. In retrospect, I suppose he preferred to take this first step on his own rather than put the onus...
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Sector Detector: Flight to safety may serve as prelude to flight to quality...
Stocks continued last week to seek some firmer footing, as prices found some support and volatility hit some resistance, and a flight to safety of global capital benefited long-term Treasury bonds --...
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ETF Periscope: Gold Gets Smacked Down as Wall Street Continues to Soar
“Success is not final, failure is not fatal: it is the courage to continue that counts.” -- Winston ChurchillFor the moment, investors continue to see any signs of a sharp market drop as a clear buying...
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