• Dow 17K – So What?

    by  • July 3, 2014 9:44 am

    The Dow Jones Industrial Average (DJIA) achieved another milestone today when it touched the round 17,000 millennium mark for the first time in its history.   With the average hitting 17,000 today, there have been 16 previous instances in which a new millennium mark was touched for the first time ever, and we were...

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    It’s the Reaction that Matters; Not the Data

    by  • July 3, 2014 9:04 am

    I always try to keep things into perspective when it comes to trading–hence, one of the reasons that I like to write blog posts here on this site. Ahead of the long holiday weekend, we had the Bureau of Labor Statistics (BLS) Nonfarm payrolls number this morning. This looks at the number of jobs...

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    SPX outperformance of RUT – So What?

    by  • June 10, 2014 1:04 pm

    Up until May 6th , the one-year return (calculated daily) on the Russell 2000 Index (RUT) was greater than the S&P 500 Index return (SPX), a period that lasted 254 consecutive days.  On May 6th,  this shifted, as the one-year return on the SPX was greater than the RUT, and this was evident for...

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    Some Interesting Levels

    by  • June 9, 2014 9:22 am

    With the slow grind higher to new all-time highs in the S&P 500, it’s certainly a good idea to step back and take a look at some “key” levels on the major indices. Here’s a quick glance at a few things in the market–we will focus on the S&P 500 and the small caps...

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    What Is Consumer Confidence Saying About Stocks?

    by  • May 5, 2014 10:59 am

    Here’s a chart I’ve used for a long time that suggests the bull market could have legs, I still feel this way. Over the past 14 years, consumer confidence dropped from 145 in 2000, to 110 in 2007, to the current level of just 82. My take is this is very bullish the SPX...

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    Interview With MarketWatch Radio

    by  • April 29, 2014 9:19 am

    I did a 5 minute radio spot with Tracy Johnke of MarketWatch yesterday.  We talked about a lot of important subjects in a short amount of time.  From mergers, to IPOs, to earnings, to sell in May, to seasonality and more.  You can listen to the whole thing here.

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    Year Six of The Presidential Cycle Is Strong

    by  • April 28, 2014 11:57 am

    We all know about ‘Sell in May and Go Away’ – in fact, I wrote how the upcoming six months historically are weak here.  Last year, I was very bullish right about now, saying the trend was up.  Right now I simply don’t have that same feeling.  Now that doesn’t mean we crash, as I...

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    A Closer Look at Apple’s Earnings Report

    by  • April 24, 2014 10:54 am

    Apple had great earnings last night and gapped up +8.28%.  That was actually the 18th largest gap going back to 1990 and largest gap higher in two years! As you can see above, the 25 largest gaps up have seen on average a very slight pullback from the opening gap.  So don’t look to...

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    Ryan Detrick on CNBC Talking Gold

    by  • April 23, 2014 10:35 am

    CNBC Talking Numbers – Gold I was on CNBC yesterday to discuss my technical take on gold.  My pal Steve Cortes was on the fundamentals.  Turns out, we don’t agree! Here is a summary from CNBC. Ryan Detrick, Chief Technical Strategist at Schaeffer’s Investment Research sees gold heading to $1,420 an ounce and says a...

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    Ryan Detrick on Fox Business Network

    by  • April 16, 2014 10:42 am

    I was on FBN last night with Mark Sebastian of The OptionPit.com. * I touched on the recent volatility and what it could mean for momentum names * Mark discussed what he’s seeing now and how he’s trading it using options

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    Momentum Monday with Howard Lindzon and Joe Donohue

    by  • April 15, 2014 9:50 am

    Yesterday, I was invited to do Momentum Monday with Howard Lindzon and Joe Donohue.  I’m a huge fan of both Howard and Joe, it was an honor and a lot of fun. Howard is the co-founder and Chairman of StockTwits, among many other things.  StockTwits is one of the fastest growing and best ideas...

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    Tuesday Is Holding The SPX Together

    by  • April 11, 2014 9:17 am

    I’ve mentioned before how strong Tuesday has been in 2014.  Well, this next chart hammers home just how true that is. YTD the SPX is down -0.83%.  Taking out Tuesday, this drops to -8.13%!  Gotta love Tuesday. It gets better (or worse, depending how you look at it), as Tuesday is now the only day...

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