Market Today

Friday, May 24 2013

11:32 AM
Comment!
The Breathtaking Rally could be Running Out of Steam

Yes, we’ve seen this movie before and it ends badly. Not only has the little-guy investor joined the stock party, but they are doing so with gusto and borrowing money to do it, lured by the prospect... Read »

9:28 AM
Comment!
Top Stocks Upgrades/Downgrades May 24, 2013

UPGRADES Whiting Petroleum (NYSE:WLL) upgraded to Buy from Neutral at SunTrust – SunTrust upgraded Whiting Petroleum due to valuation and upcoming catalysts that include results from its first Bakken... Read »

Thursday, May 23 2013

2:05 PM
Comment!
A Look at SPY Technical Levels

Daily The market went from yesterday’s highs of $169.07 to this morning’s lows of $163.49. So far we’ve bounced to the 25% Fibonacci retracement of that move. Here are the Fibonacci levels... Read »

1:48 PM
Comment!
Stock Options Watch: HD, IMAX, DOV

(NYSE:HD) - Home Depot – Shares in the home improvement retailer are trading lower on Thursday, off the lowest levels of the session but still down 1.25% at $78.69 as of 11:50 a.m. ET, amid a down day... Read »

11:48 AM
Comment!
Stocks: The Trend is Up, A Pullback is Brewing

There’s nothing like a little mean reversion to start your day… The Japanese Nikkei fell flat on its face overnight. Investors looking for an excuse to take profits received just that in the form of... Read »

10:59 AM
Comment!
All Eyes Should Be On Big Energy – XOM, DVN, BP, SU

The important energy sector accounts for roughly 16.0 percent of the S&P 500 Index. Today, most of the leading energy stocks are declining lower at the start of the session. Exxon Mobil Corp (NYSE:XOM)... Read »

8:56 AM
Comment!
Top Pre-Market Stocks Upgrades/Downgrades May 23, 2013

UPGRADES Hewlett-Packard (NYSE:HPQ) upgraded to Hold from Underperform at Jefferies – Hewlett-Packard upgraded by Jeffries to Hold, citing solid execution and cost controls following the company’s... Read »

8:41 AM
Comment!
Stairs Up, Elevator Down Market

World markets reacted overnight to the major reversal in US markets yesterday and are down big this morning. Japan is getting hit the hardest, down around 7%, although it was up more than 50% for the year... Read »

Wednesday, May 22 2013

3:14 PM
Comment!
Stock Market: A Day to Take Notice?

I’ve attached two charts: the daily chart and the 60-minute chart, and both have potential massive topping tails. We see the same topping tails across many sectors right now. Bernanke triggered an early... Read »

10:41 AM
Comment!
Bernanke Vows To Keep The Peddle to The Metal

The Federal Reserve Chairman Ben Bernanke is beginning to testifying in front of the Joint Economic Committee. In his opening remarks, the head of the central bank has signaled that he shall continue to... Read »

9:15 AM
Comment!
Top Pre-Market Stocks Upgrades/Downgrades May 22, 2013

UPGRADES Chesapeake (NYSE:CHK) upgraded to Positive from Neutral at Susquehanna – Susquehanna upgraded Chesapeake based on increased oil and gas forecasts and re-branding initiatives by new CEO Doug... Read »

Tuesday, May 21 2013

10:58 AM
Comment!
Forget Stocks, It Is The Japanese Yen That Is Moving Markets

As we all know, almost every central bank in the world is printing money to boost exports and support asset prices in the stock market. To their credit, the money printing idea has worked as markets around... Read »

10:50 AM
Comment!
Stocks Continue Their Sharp Ascent

In what feels like the blink of an eye, the broad market is up nearly 17% in 2013… Look back to earlier this year. The boring stocks led us higher. Your mega-cap, super-safe, dividend-paying names were... Read »

9:19 AM
Comment!
Top Pre-Market Stocks Upgrades/Downgrades May 21, 2013

UPGRADES BlackRock (NYSE:BLK) upgraded to Outperform from Neutral at Macquarie -Price target raised to $315 from $253 IntercontinentalExchange (NYSE:ICE) upgraded to Outperform from Neutral at Macquarie... Read »

Monday, May 20 2013

2:15 PM
Comment!
Stock Options Watch: VOYA, GRPN, SIGM

(NYSE:VOYA) – ING US, Inc. – Shares in ING Group’s U.S. retirement, investment and insurance business are up as much as 8.0% today to $26.98, the highest level since the company’s May 2nd IPO.... Read »

1:17 PM
Comment!
Solar Stocks on Fire – FSLR, SCTY, JASO

The solar stocks continue to rip higher. Many of these plays are up well over 100% in just the last month. This is a case of shorts being in a crowded trade. In this market, that almost always ends in... Read »

11:38 AM
Comment!
Silver’s Next Leg Lower Starts Now

For a few short minutes Sunday evening, a bit of chaos roiled the futures markets. Silver tanked at the open, dropping as much as 8% to a low of $20.25 before recovering later in the evening. Price continues... Read »

11:10 AM
Comment!
Facebook (FB) Gets Defriended by the Market

This morning, the leading social networking stock in the world Facebook Inc (NASDAQ:FB) is coming under selling pressure again. This stock has been selling off since May 3, 2013, when it traded as high... Read »

9:21 AM
Comment!
Top Pre-Market Stock Upgrades/Downgrades May 20, 2013

UPGRADES J.C. Penney (NYSE:JCP) upgraded to Buy from Hold at Maxim – Maxim upgraded J.C. Penney on expectations the company’s strategy changes under new CEO Mike Ullman will drive traffic.... Read »

Friday, May 17 2013

7:14 PM
Comment!
Strong May Market Flipping Old Trading Adage on Its Head

The old trading adage “sell in May and go away” is being flipped on its head this month, and the rally shows no signs of abating. Many traders sit on the sidelines on options expiration Fridays,... Read »

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