The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has been on a steady rise higher over the last week and a half. We saw the SPY hit an all time high of $199.06 on July 24 2014 and then it took a dip of about 4.5%. The move lower in the media was credited to tensions between Russia and Ukraine. However, according to the charts, we see that the move lower came as a result...
Today shares of retailer Dillard's, Inc. (NYSE:DDS) are getting smacked down to the tune of 7%, as the company reported earnings which did not meet analysts expectations. Dillard's, Inc. (NYSE:DDS) has been a stellar performer this year, as it shares were up as high as 28% year to date. How things have changed. So with this massive drop in the stock, I look at...
Over the last month we have seen the price of Crude Oil sell off about 10%. If someone was living under a rock for the last several weeks, they would think that geo-political tensions were easing and not escalating. Well, for whatever reason, the price has come in and is presenting traders with a compelling risk/reward trade to the long (up)side. I have included...
It was just two weeks ago when the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) made a new all time high of $199.06. Since that time, the market has begun to roll over and that milestone seems like a distant memory for the bulls. The volume has definitely picked up and the selling is starting to make people nervous. So is this the big correction we have been waiting for?...
Apple Inc. (NASDAQ:AAPL) which is the highly popular maker of various devices and gadgets such as the iPhone and iPad, has just announced that it will be hosting a media day on September 9. It is expected that they will announce the release of the new iPhone 6. When I look at the chart of Apple Inc. (NASDAQ:AAPL) I see that stock has been trending upward in a...
Shares of Michael Kors Holdings Ltd (NYSE:KORS) are falling to the tune of over 7% today, as the retailer came out with earnings. The earnings themselves were not too bad, but it was the guidance which was disappointing to the street. This company is one of the retail darlings and is considered the hot name when it comes to fashion as it has taken a ton of market...
For many years now one of the most hotly debated subjects in North America has been the approval of the Keystone Pipeline, which belongs to TransCanada Corporation (USA) (NYSE:TRP). This is one topic that has followed around Obama since he was elected President, back in the fall of 2008. He has been against the approval since the beginning and seemed to just shrug...
Stocks are continuing to decline today and Kinder Morgan Energy Partners LP (NYSE:KMP) is no exception. This pipeline transportation and energy storage company has seen a nice decline since putting in a high of $84.98 last week. While it may look oversold and ready to bounce to some. I will look slightly lower on the chart to around the $78.15 level as a good...
Shares of GoPro Inc (NASDAQ:GPRO), which is the maker of cameras worn by thrill seekers and other adrenaline junkies, are falling off a cliff today, as Wall St. is not impressed with its earnings report. The price of the stock is down almost 10% as the bulls of this stock are choosing to seek action elsewhere. As the GPRO share price moves, we look to the charts...
Shares of oil refiner Marathon Petroleum Corp (NYSE:MPC) are racing higher today, as the stock is up over 6.0%. This is a very impressive move as the overall markets are seeing some severe selling pressure. The company reported earnings today that beat the street expectations, couple that with a sharp decline in Crude Oil, and you have the perfect elixir for a...
To start the trading day, the market futures were up a fair amount as the second quarter GDP print came in higher than expected, a 4% increase. Everyone seemed to be rejoicing and loving this key economic data point. However, since that release the market has started to fall. Why is this happening you ask? Well, with the data coming in better than expected,...
Everyday on financial news outlets we hear different market opinions and predictions. These "experts" get in front of the camera and tell us where they think the markets are headed, whether the economy is on solid footing or not, what the fed's next move might be etc. Most often, these "predictions" are made based on fundamentals which lag the real market action....
If anyone needed proof that there was a disconnect between Wall St. and Main St. then look no further than the housing stocks, in particular D.R. Horton, Inc. (NYSE:DHI). The stock plummeted an eye popping 11.5% in a single day, and basically took down the entire sector. The results were disappointing to investors to say the least, as U.S. sales of newly built...
The stock market has been on a roll again this year. It has moved up on a seemingly undeterred ascent all year, aside from a bit of a hiccup it suffered in January. Whatever has been thrown at these markets, they always seem to shrug it off as people come in and buy any short-lived dips. One sector that has not really participated in the party has been the defense...
So here we go again with another banking crisis in the Eurozone. How many times have we heard this phrase over the last few years. This latest disruption is coming from Portuguese bank Banco Espirito Santo, the second largest in the nation. This is just a few years removed from the country itself requiring a bailout from the EU, as it received a 78-billion euros...
High flying sectors have been under pressure this past week as people are fleeing from risky names like Twitter Inc (NYSE:TWTR). This social media name has been hit hard in the past few trading sessions along with its rivals such as, Facebook Inc (NASDAQ:FB), Pandora Media Inc (NYSE:P) and Yelp Inc (NYSE:YELP). These high beta names have really had quite the...
The Federal Reserve has been in the money printing game in one form or another since November of 2008, when its first asset purchase program began. We are six years into this experiment and it is still a highly debated topic among the so called "financial experts" of the world. Whether they are economists or market commentators on financial networks such as CNBC...
Back in 2003, as the US economy was coming out of a recession, the markets were slowly trying to get up off the mat. The tech wreck of 1999-2000 had sent the markets into a tail spin and all the major indexes suffered substantial losses; including America's sweetheart index the Dow, represented here by the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA). So,...