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Stock Markets: Short Sharp Pullback

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Posted by Mark Leibovit - The VR Platinum Newsletter

on Wednesday, 11 January 2017 07:56

tradersJan 10th 8:45 PM

"Despite New Year bullishness from our early January indicators and our expectation for full-month January Barometer gains that will support our modestly bullish 2017 Forecast, a mid-January break in equities is looking increasingly likely. Since 1996 this January break has been more pronounced and more consistent. This trade, last featured in the Commodity Trader’s Almanac 2013, is beginning to set up nicely right now.

The stock market has demonstrated a tendency to retreat after the first of the New Year, especially when there has been a strong fourth quarter gain. Once the New Year begins we often see a profit taking correction. Investors tend to sell stocks to lock in profits in order to defer taxes from capital gains after the New Year begins. Even though the best time to be long the overall equity markets lasts from October through late April, this January break can certainly give short-term, nimble traders a nice return. With stocks struggling to move higher this week this trade is setting up a little later this year.

Also consider that since the New York Stock Exchange began observing the Martin Luther King, Jr. holiday on the third Monday in January in 1998 that the stock market has exhibited strength in the days before the market is closed on that third Monday and weakness after. This also coincides with the pattern of weakness during January’s expiration week. S&P 500 has been down 13 of the last 18 years during the week, while suffering some heavy losses on expiration Friday in 10 of the last 18 years."

Mark Leibovit

....related: Buy C-R-A-P



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Stocks & Equities

Buy C-R-A-P

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Posted by Jeffrey Saut via Seeking Alpha

on Tuesday, 10 January 2017 07:01

160109 3We live in a modern world of acronyms and buzzwords, and the financial industry is certainly no exception. In fact, it may be one of the worst culprits, what with FANG, ZIRP, TINA, BREXIT, QUITALY, BRIC, etc. all entering the lexicon over the last few years. Yet, creating some catchy collection of consonants remains one of the most surefire ways to attract attention in this business since it, admittedly, makes for a great headline and gives strategists like us something fun to write about ("fun" being a relative measure).

Well, now the new eye-catching acronym to watch, according to Tom Lee of Fundstrat is C-R-A-P - Computers, Resources, American Banks, and Phone Carriers - which are all levered to the investment recovery, inflation, and deregulation expected over the next year. Before I comment further on those recommendations, though, I want to point out that I like to follow Tom Lee's thoughts because, like us, he lets the data do most of his thinking, and, like us, he was one of the few pundits last year who actually saw potential for the U.S. stock market.

....continue reading HERE

 

related: Tyler Bollhorn: Strength in Weekness



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Stocks & Equities

ETF Trends: Hedge – 1/9/17

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Posted by Bespoke

on Monday, 09 January 2017 10:53

Gold miners have surged over the last few days with the shiny metal’s recovery in recent sessions. Biotechs have also made a bit of a comeback while metals and mining, east Asian equity indices, and oil services have also done well. Over the past week natural gas has gotten positively demolished, down over 16%. Turkey is down almost 6% as USDTRY continues to skyrocket higher amidst further purges of academics and the media by Erdogan. Oil has also undperformed, dropping on the order of 2%. Most equity indices haven’t dropped that much with the worst US-focused equity ETF we track (DES) dropping only 1.1%.

010917-ETF-Trends

See Bespoke’s full daily ETF Trends report by starting a no-obligation free trial to our premium research.  Click here to sign up



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Stock Trading Alert: S&P 500 Gets Close To Record High As Investors' Sentiment Improves

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Posted by Paul Rejczak - Sunshine Profits

on Thursday, 05 January 2017 08:27

Stock Trading Alert originally sent to subscribers on January 5, 2017, 6:56 AM.

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,330, and profit target at 2,150, S&P 500 index).

Our intraday outlook remains bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year's all-time high:

Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): neutral

The main U.S. stock market indexes gained between 0.3% and 0.6% on Wednesday, extending their short-term uptrend, as investors' sentiment remained bullish following Tuesday's rally. The S&P 500 index continues to trade relatively close to its December 13 all-time high of 2,277.53. For now, it looks like a flat correction within an uptrend off last year's early November low. But will the market extend its year-long uptrend even further before some more meaningful downward correction? The nearest important level of resistance remains at around 2,280, marked by record high, and the next resistance level is at 2,300 mark. On the other hand, support level is at 2,250, marked by recent resistance level. The next support level remains at 2,200-2,220. The index continues to trade along its medium-term upward trend line. It also trades within a few-week-long consolidation, as the daily chart shows:

1

Expectations before the opening of today's trading session are virtually flat, following yesterday's move up. The index futures are



Read more...

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An Institutional Buy/Sell Overview ...

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Posted by Marty Chenard & CNNMoney

on Tuesday, 03 January 2017 06:58

Institutional Selling trend lines showed that it has been trending lower. (Note that less selling is a positive and more selling is a negative.) The top part of the chart showed a small up tick in Upper-Q4 negative territory.

Sounds like good news except that Institutional Buying and Selling activity just showed the first day of Institutional Distribution on Friday's close.

What now?

This needs be a test day because Institutional Selling had an up tick but it did not make a higher/high tick yet, so Institutional Selling is still technically in a down trend.

43376

...for more on the CNN Fear & Greed Index go HERE



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Michael Campbell Robert Zurrer
Tyler Bollhorn Eric Coffin Jack Crooks Patrick Ceresna
Ozzie Jurock Mark Leibovit Greg Weldon Ryan Irvine