Sentiment in the energy sector has turned south. This is something I discussed yesterday and today crude is down $2.45 or 3.5%. With that in mind let’s take a look at USO, United States Oil Fund ETF. As you can see on the chart below the we fell to support at $36 [...]
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A leading expert on Sector and ETF Investing; his approach combines technical and fundamental analysis within the framework of investor psychology.
All Hail the Jobs Report
It is all about the jobs report today. By Monday everyone will have moved on to the next data point, but it will still be about jobs. Why now? The sentiment shift we discussed yesterday has taken jobs as the poster child for improvement in the economy and thus sentiment for the consumer. However, the [...]
Energy Sector Turns Sideways
Economic data helps push the markets higher. ISM Manufacturing rose to 44.8% for June inching closer to the 50% mark which shows economic expansion. Pending home sales were up for the fourth consecutive month helping investors feel better about the outlook near term. This is what I discussed this morning in my [...]
News, Volume and Economic Data Set Tone
Anxiety is building among investors as clarity and confidence take a hit. I have discussed many times the pressure lack of clarity puts on the markets. A couple of weeks ago this process started after an attempted move above 950 on the S&P 500 index. The blame was essentially not enough improvement in the economic growth [...]
Lack of Confidence?
Since when does consumer confidence data actually count as a market moving event? Today, would be the appropriate answer. This is and interesting development from my view and one not likely to last past the impact it had earlier today. It managed to overshadow the positive improvement in the Chicago PMI. Regardless the damage was [...]
The Waiting Game
By nature I am more of an investor than a trader, but you can’t help to feel something is going to happen short term to break this trading range. Neither investors or traders are good at wait and see. Thus, the conclusion would be someone or something is going to push this market to a [...]
Confusion?
If what you always thought to be true - wasn’t, when would you want to know about it? This is a question when asked prompts the immediate response - NOW! For most of my life I thought people wanted to be involved in the porcess managing their money. I have come to the conclusion that isn’t true. [...]
Indecision is a Decision
The markets is trying to break higher, but the upside move all week has found one reason or another to pullback on each attempted breakout. Thus, 945 on the S&P 500 index remains a resistance point. The financial sector has not helped and without its participation the upside is in jeopardy of pulling back to [...]
Bailout Spotlights Financials
This weekend the bailout of Fannie Mae and Freddie Mac was finally announced. For many that was good news and to some it was government once again stepping in to clean up another mess they helped create. They are as much to blame as anyone since the Department of Banking and Finance approved the lending [...]
If You Don’t Want to Manage Your Investments Yourself - Then What?
The reality of money management is most people don’t manage their own money. In fact statistics show that nearly 70% of investors hire a third party money manager. When I first started managing money for a living I thought this was an unusually high number, but after 25 plus years the reality is few will [...]
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