S&P 500 At 2012 Highs
With last week’s marginal but additional upside squeeze in stocks, the S&P 500 has now managed to snuggle up near the 2012 highs, leaving both bulls and bears hopeful they will be proven right. Given the importance of where this index now stands, allow me to walk you through the S&P 500 charts from longer-term […]
A Technical Look At The Year Ahead
With non-existent volume in equity markets and only two lackluster trading days left in 2013, let’s not over-trade but instead look at what we may be able to expect in 2013 for U.S. stock indices from a technical point of view. Each December the research departments of investment banks and brokers publish their detailed economic […]
A Year-End Trade With FedEx
Transportation giant FedEx (FDX) reported earnings Wednesday morning, which led to a fairly muted reaction (+1%) in the stock price, that is if one only considers the price at day’s end. The company blamed some weakness on the effect from Hurricane Sandy and cited forward guidance that was below Street estimates. FedEx (FDX) moved off […]
What I Am Watching Into Year-End
With just a few trading day left in 2012, volume is bound to drop off sharply later this week. As such for many large institutions this means making any major moves in the market may become difficult at best. For the retail investor and home-gamer it will also pay to be cognizant of the volume […]
JPMorgan (JPM) – Good For Another 7%
Yesterday’s rally in the broader market lifted the major U.S. equity indices between 1% and 1.50% across the board. All of the sectors within the S&P 500 participated, although the transportation stocks which outperformed recently, underperformed on the day. The below chart shows the intraday performance of Friday and yesterday (Monday). Note how everything moved […]
Dollar General Inc – Bounce-Worthy
On December 11 Dollar General Corp (DG) fell 7.80% on the back of news that the firm will cut prices, dragging with it lower the stock prices of rivals Dollar Tree Inc (DLTR) and Family Dollar Stores Inc (FDO). From a technical point of view all three stocks currently offer juicy risk/reward for a long-side […]
Crocs, Inc – More Upside On The Horizon
Crocs, Inc. (CROX) jumped by almost 9.00% yesterday on the back of an upgrade by Goldman Sachs. The stock’s fairly small market capitalization of $1.23 billion has also led it to trade in a volatile manner over recent years. Yesterday’s rally came just after the stock had hit its low for the year earlier in […]
Market Thoughts Wednesday Nov 21
Monday’s performance of 2% on the S&P 500 was a difficult performance to follow on Tuesday, but stocks held up well ahead of what is sure to be a slow day on Wednesday ahead of the Thanksgiving holiday. Last Friday’s intraday upside turnaround coupled with Monday’s massive rally was enough to put a solid bottom […]
Barclays (BCS) Running Out Of Steam
While financials as a group didn’t fare too badly on Monday (November 26), Barclays PLC (BCS) the London-based financial services giant fell by a little over 5.00% on the day. Much of the sell-off was attributed to the sale of Barclays warrants by Quatar Holding to Goldman Sachs and Deutsche Bank, who in turn as […]
KKR – Defined Support
Last Friday’s major hammer candle, coupled with Monday’s follow-through buying on the S&P 500 chart naturally lead me to look for similar patterns on individual stocks. While in this case the pattern was wide-spread across indices and stocks, not all of them developed the pattern right at key moving averages or trend-lines. One stock that […]