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S&P 400 Midcap Index (IJH) = Chart of the Day
The small and midcap sectors have lagged the other indexes since the October high. They are both making moves back towards those highs and are in position to move higher. The midcap index has joined the others at the threshold of breaking higher. The primary question at this point is what will be the catalyst [...]
Gold (GLD) Testing Support
Closed at $110.84 dropping 7% over the last five trading days. Looking at the chart below the uptrend is still intact and the emotions towards the metal are still high. The test of support near the $109.50 mark is holding and the question of the day is, will it hold and gold rise again to [...]
Agribusiness Stocks (MOO) Moving Higher?
Commodities have benefitted from the recent sector rotation, and the agriculture business has been one of the benefactors. Below is a chart of MOO, Market Vectors Agricultures Business ETF. We are currently tracking this our website and gave a continued bullish reading on September 16th. As you can see the sector continues to move higher [...]
Small Caps May Be the Key
The uptrend in the broad market has captured everyone’s attention. The trend remains in place, but the outlook is getting cloudy. Economic data has been mixed, earnings are mixed and future growth is being questioned. The move higher is predicated on growth. If this growth doesn’t materialize early in 2010 it could get ugly for [...]
Is January an Indication for ‘09?
What did we learn, if anything, today? Not all the bad news is priced into the market. Maybe investors were still hopeful or optimistic about the future and this week’s data sent them packing.
January takes up where 2008 left off. The major indexes are down 8% and after the last two days it isn’t looking [...]
The Rise and Fall of the Small Cap Index
One of the leading indices since the July low has been small caps. The Russell 2000 index was up 12.8% until falling 4% the last week. The rise and fall so to speak has come as a result of the financial and industrial stocks. The Russell 2000 Index has approximately 16% in the financial sector [...]
