Bear Market Here? Dow Jones Industrial Average Is Suddenly The Weakest Major U.S. Index

Technical analyst Dave Chojnacki of Street One Financial kicks off the new trading week with a recap of last week’s bearish market action, updates the important technical levels to watch in the major U.S. averages, and previews the upcoming week. After last Thursday’s big losses, the market settled down on […]

Bulls Roar Back For The Dow Jones Industrial Average

Market technician Dave Chojnacki of Street One Financial recaps Monday’s big market rally and looks ahead to Tuesday’s action with an update of the technical levels to watch for the major U.S. stock averages. With no major economic reports to start off the week, investors were willing to buy equities […]

Despite Recent Pullback, Dow Jones Industrial Average Still Looks Bullish

Technical analyst Dave Chojnacki of Street One Financial kicks off the new trading week with an update of the important technical levels for the U.S. averages, and notes that the long-term bullish outlook is still intact. After 3 days of the major indices moving to the downside, some traders were […]

Emerging Markets Slammed Amid North Korea War Worries (EEM)

President Trump’s saber rattling has rippled through equity markets, notably Emerging Markets, taking them noticeably lower off of intraday (and new fifty-two week) highs reached intraday yesterday. Put buyers have emerged in full force in EEM (iShares MSCI Emerging Markets, Expense Ratio 0.72%, $35.2 billion in AUM) today consisting of […]

Dow Jones Industrial Average Winning Streak Finally Ends

Market technician Dave Chojnacki of Street One Financial looks at the state of the U.S. markets from a technical perspective, as stocks appear to be entering a late summer consolidation period. The market opened to the upside on Tuesday, with the Dow Jones Industrial Average (DJIA) and S&P 500 (SPX) […]

Storm Advisory Issued For U.S. Stocks (SPY)

In July, the Institute for Supply Management’s (ISM) Non-Manufacturing Index fell to an 11-month low of 53.9, 3.5 points below its June reading of 57.4. The index measures the non-manufacturing, services industries such as food services, education, real estate, health care and more. click to enlarge Economists had expected a […]

Inflation-Adjusted Returns Since 2000: Much Worse Than You Think (QQQ)

From Jill Mislinski: This update is in response to a standing request for real (inflation-adjusted) charts of the S&P 500, Dow 30, and Nasdaq Composite. It includes the latest monthly close data. Here are two overlays — one with the nominal price, excluding dividends, and the other with the price […]

Poor Internals Highlight Risks For Dow Jones Industrial Average

From Dana Lyons: This week has seen yet more examples of poor internals despite new highs in the major averages. Last week, we highlighted 2 recent potential examples of a weakening in the “internals” of the stock market rally. Again, by internals, we are referring to the amount of participation in […]

The U.S. Dollar Is Off To Its Worst Start Since 1985 (UUP)

From Steven Vannelli, CFA: The USD is off to its worst start since 1985, down about 9%. In the chart below (courtesy of Bianco Research), it appears the USD is tracing its performance in 1985 quite closely. Of course, 1985 was the worst year for the USD in almost 40 […]

How Much More Geopolitical Turmoil Can Markets Withstand? (SPY)

From Invesco: Those of us who work in offices have our own kind of occupational hazards — not the least of which is the paper cut. While hardly dangerous, a paper cut can range from harmless but annoying to mildly painful. The good news is that we rarely get more […]

U.S. Shale’s Spending Shutdown Is Spiking Oil Prices (USO)

From Tsvetana Paraskova: Seven months into the OPEC production cut deal, oil prices are not higher than they were at the end of last year, as the stubborn global inventory overhang and rising U.S. output have been offsetting price gains. Now, one week into second-quarter earnings releases, U.S. shale drillers […]

Trump’s Mistake In Taking Ownership Of The Stock Market Bubble (SPY)

From The Ron Paul Liberty Report: Let’s start at the beginning. Bubbles and Busts are both created by The Federal Reserve. Presidents are merely along for the ride. They like to credit themselves for the bubbles, and then look for scapegoats, usually the (non-existent) free market during the busts.But it […]

IBM’s Weak Earnings To Weigh On Dow Jones Industrial Average

Technical analyst Dave Chojnacki of Street One Financial recaps Tuesday’s mixed market action that saw tech stocks boosted by a hugely bullish reaction to a single earnings report, and notes that the Dow could be hurt today by IBM’s weak numbers. Equities opened lower on Tuesday as economic reports were […]

What The End Of Ultra-Easy Monetary Policy Means For Bonds

From BlackRock: Central banks are increasingly moving away from super accommodative monetary policy, and Richard Turnill explains what this means for investors. Central banks increasingly are moving away from excessively easy monetary policy. Yields paused after recent gains last week, partly on soft inflation data. Yet we see them rising gradually, […]

Fed Testimony Big Factor Today For Dow Jones Industrial Average

Technical analyst Dave Chojnacki of Street One Financial recaps Tuesday’s market action and looks ahead to the Wednesday session with a close look at the important technical levels for the major U.S. indexes, as important Fed testimony looms. ————————————————- Economic reports were not stellar on Tuesday, and the major averages […]

Dow Jones Industrial Average Largely Immune From Tech Sell-Off

Market technician Dave Chojnacki of Street One Financial examines the post-holiday market environment with a recap of Monday’s abbreviated action and an update of the important technical levels for the major U.S. averages. Decent economic numbers helped push equities higher at the open on Monday. The major indices quickly took different paths, […]

SPDR Gold Trust (GLD) Plunges Amid Gold “Flash Crash”

From Tyler Durden: One minute after 4am EDT, as the European market was warming up for trading, Gold suddenly plunged $12, or 1%, to $1,242 an ounce, on a surge in volume with 18k contracts, or just over $2 billion notional. This trading happened in just a one-minute window; as […]

Bullish Bias Continues For The Dow Jones Industrial Average

Market Technician Dave Chojnacki of Street One Financial kicks off the new trading week with a key update of the important technicals for the major U.S. stock indexes, as all signs point to more gains in the week ahead. The market opened to the downside on Friday, but decent Housing numbers helped […]

Summer Malaise Saps The Dow Jones Industrial Average

Technical analyst Dave Chojnacki of Street One Financial wraps up the trading week with an update on the important technical levels for the major U.S. averages, as the summer doldrums appear to be sapping all the volume out of the markets. Economic numbers on Thursday met expectations with no big surprises. The […]

Betting Against Bonds Might Finally Work Later This Year (TBT)

Since last week’s FOMC decision to raise target interest rates again, we have seen bond prices rally (yields fall), pulling bond ETFs such as TLT (iShares 20+ Year Treasury Bond, Expense Ratio 0.15%) with them. TLT in fact traded at its highest levels yesterday since Trump’s election last November, but […]