Stocks were mixed on Friday as the Dow gained 97-points with help from the heavily weighted tech stocks, Intel, IBM, and Microsoft, all of whom reported strong earnings after the close on Thursday. However, the broader indices, S&P 500, Nasdaq, and Dow Transportation Index, were flat to down on the day.
This is the first time I've seen it and it's notable. The Top 50 has a 100% stock allocation going into Monday's action. No G or F fund holdings. The herd on the other hand, is moving to safety.
Here's the charts:
Pretty self explanatory. Bullish? Maybe. The Seven Sentinels remain in a buy condition as does our sentiment survey. And given how
Updated 01-23-2012 at 10:08 AM by coolhand
The rally continues The rally that started the week before Christmas is still alive and well, helping 2012 get off to a great start. Momentum has been strong and it’s not usually a good idea to get in its way, but we are seeing signs that the market may be ready for a little rest. In a bull market however, the pullbacks tend to be benign and should be a buying opportunity for anyone who may have missed the action.
By Andrew B. Einhorn
As Facebook creeps towards its 1 billionth user, the effectiveness of communications shops around the world and around the halls of government are being judged more and more by their Facebook page fan numbers -- otherwise known as their 'likability' for the number of Facebook 'likes' they accumulate over time. While raw numbers of likes or fans, as they
The major averages closed mixed today and with exception of the DOW (up 0.76%) the other averages closed near the flat line as OPEX came to a close.
There was only one economic report today and that was existing home sales, which hit an annualized rate of 4.61 million units. That was above estimates of 4.55 million units.
Here's today's charts:
NAMO and NYMO remain