Posted Strong earnings but stocks weaken to Security Traders
After the bell on Tuesday, traders digested another round of positive earnings; even more importantly, impressive revenues. However, the excitement quickly faded and by the time the cash market opened the bias was to the downside in broad market indices....
Posted Double Top for Stocks or Double Trouble? to Security Traders
The drawback of writing a newsletter with relatively strong opinions in market direction is the substantial risk of being wrong...or in this case just early (we think). Unfortunately, our crystal ball was a bit cloudy earlier this week. We were...
Posted Panic Selling in Equities Followed by Panicked Buying to Security Traders
After melting through 10,000 with ease, the Dow clawed back on the close to settle slightly above. The March Dow futures contract failed to reach the milestone but it is clear that there will be no free lunches for the...
Posted Stocks stall, but the rally might have a little left in it to Security Traders
The major indices flat-lined in the midst of lousy housing data and ahead of a calendar chock full of risk. Traders are focused on the jobs numbers because that, along with housing, has been the anchor on the recovery. We...
Posted The Beginning of a Squeeze? to Security Traders
A narrowing trade deficit helped stocks forge gains in light volume trading. According to the Commerce Department, a large surge in exports (likely due to a cheap dollar) helped narrow the trade deficit in October to $32.9 billion. However, isn't...
Posted Can you say "Mutual Fund Monday"? to Security Traders
Stocks started the week off with a bang; it seems as though Friday's option expiration was holding stocks down, rather than propping them up. With that out of the way, an economic calendar chock full of data and thinly traded...
Posted Stocks Pause After Sharp Rally to Security Traders
It isn't uncommon to see consolidation after a large market move and that is exactly what we got on Tuesday. The stock rally was halted by a rally in the U.S. dollar and technically overbought market conditions. The earnings reports...
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