Until recently, scores of gurus had questioned the sector rotation into non-cyclical sectors. April jobs numbers were “phenomenal” and corporate earnings were sensational. Why should investors sell in May and go away? Yet telecom, health care and consumer staples (e.g., toothpaste, peanut butter, etc.) were rocketing up the relative strength percentile rankings. And many analysts explained that the April-May [...] [...more]
Everybody from little old ladies to shock jocks is talking about the Japanese nuclear crisis. Yet, in light of increasing uncertainty, there are many different perspectives about which Energy ETFs stand to benefit and which stand to lose. The Nuclear ETF is already in bear market territory. Meanwhile, dollars flowed into Solar ETFs, as investors demonstrated that the sun [...] [...more]
Intra-day, top-to-bottom, the S&P 500 lost roughly -9.2%. On a closing basis, it fell a little bit less… -8.2%. Does this mean that the correction is over? Are we not going to dip below the official 10% correction level here in the U.S. – a close below S&P 1035? With the third week in February showing a decided bullish [...] [...more]
“So begins another 7% decline,” said Jim Cramer after Wednesday’s 10/28/09 close. However, I must admit, I was a bit confused when I read the tid-bit on CNBC.com. You see, the S&P 500 and the Nasdaq had already fallen 5.0% and 5.4% from their closing prices on 10/19/09… more than a week earlier. Heck, the small-cap benchmark, the Russell [...] [...more]
