Russell 2000 Ripe For Another Leg Lower
After a final rally higher off the April lows, the iShares Russell 2000 Index Fund (IWM) put in its year to date high on May 22nd, along with the S&P 500. Over the next few weeks of trading two things changed notably: 1) intraday volatility in equities spike higher, indicating increasing nervousness on part of […]
Market Outlook Wednesday June 26th
Welcome to hump day, which given where the market currently sits may just offer traders a curve ball or two. Since we never know what the outcome of any given trade will be, my mantra of dealing with this uncertainty is to fully embrace it. If we fully embrace the inherent uncertainty in trading, then […]
Homebuilder Stock In Classically Bearish Formation
The past two days of post FOMC meeting trading have not been kind to most stocks, which includes the home builders such as KB Home (KBH). The stock, which topped in mid May is now roughly 20% off the year to date highs and has arrived at an important support line both in the near […]
Market Outlook Tuesday June 25th
Before I get started with my take on the current state of the markets, I would once again like to thank the Investorplace.com community for continuing to value my inputs. It’s a great honor to be able to step in when the venerable Sam Collins takes a couple of days off. When I last wrote […]
Oil, Choppy and Toppy?
Oil, for some a barometer to economic activity, from a trading point of view remains choppy to say the least. Despite a sharp rally off the April lows, black gold, as it sometimes is referred to, is through the longer-term lens fairly range-bound. good rally off the April lows, which coincided with the April lows […]
Gold, Ice-Cold
Since my last update on Gold, and more specifically on the levels of the SPDR GOLD Shares (GLD) charts (here: http://investorplace.com/2013/05/how-low-can-gold-and-silver-go/) one month ago on May 21st, the shiny metal has done just what I suspected it would. After another dead kitty bounce to still lower highs, gold is now right back where it was […]
S&P 500 Technical Look
So here we are, one day after the FOMC policy meeting where the committee gave us the decision on interest rates/quantitative easing tapering and its assessment on the state of the economy. For all the uncertainty the media purported the announcement would bring, US stocks remained staunchly supportive of whatever the outcome would be…that is […]
Gamestop Corp – Double-Top Or Pop?
Specialty electronic game and PC entertainment software retailer GameStop Corporation (GME) is one stock that is no stranger to volatility. After dropping from an area just north of $60 in late 2007 the stock didn’t find a real bouncable bottom until late 2008 closer to the $17 area, from where it rallied into the spring […]
Stock About To Fall Out Of A Key Technical Pattern
B/E Aerospace, Inc (BEAV), manufacturer of interior products for airplanes has seen a sharp rally off its August 2012 lows. Given the company’s close association and exposure to the commercial aviation business, it’s no surprise that the stock’s now 10 month old rally came much in correlation with a rally in the airline stocks. To […]
Hewlett Packard Sniffing At Important Resistance
Computing and printing systems giant Hewlett-Packard Company (HPQ), much like many of the other box makes such as Dell Inc (DELL), has seen a dramatic demise in its stock price over the past three years. After peaking in the summer of 2000, the stock came back down to earth with the burst of the ‘internet […]