Apr 15th, 2010 |
By Rob
U.S. equities have vigorously rallied for the past six weeks to gain +20%, bringing the S&P 500 just above 1200, as Q1 2010 earnings hit the tape. In short, the charts are begging for a pullback, but earnings and economic indicators are giving no reason to sell. Most analysts agree that the good news is mostly baked in stocks, but sellers have left the building and buyers keep coming out of the woodwork.
Here we’ll focus on a few indicators related to the S&P 500, and tell investors why they should be taking profits at these levels.
Posted in DS Feature, Market Synopsis, U.S. |
1 Comment »
Tags: AA, BAC, bollinger bands, bonds, correction, equities, GE, GOOG, INTC, Jamie Diamon, john bollinger, jpm, overbought, q1 2010, Retail Sales, RSI, S&P 500, Simple Moving Average, SMA, SPX, SPY, technicals, U.S. equities, UPS
Jan 12th, 2010 |
By Rob
Earnings season officially began, as the first member of the S&P 500 and Dow Jones Industrial Average to grab Q4 2009 earnings headlines, Alcoa (AA), reported a net profit of $0.01 EPS on Monday, January 11. The shortfall to the $0.06 EPS market consensus was explained by CEO Klaus Kleinfield by the unexpected weakness in the dollar,
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Posted in Commodities, Forex, Industry Analysis, Manufacturing, Market Synopsis, Trade Strategy, U.S. |
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Tags: AA, Acloa, aluminum ore, black gold, bonds, commodities, crude oil, DJIA, DTO, equities, industrial corporations, Klaus Kleinfield, market, oil, petroleum, S&P 500, SCC, SDS, stock market, Treasury, USD, USO, WTI, WTIC
