Last week we published a chart on IAI, Broker-Dealer ETF and if you have been following the move higher it has been one of the reasons the financial sector (IYF) is now at the top of the trading range. Which from my view is worth watching as well. The ETF closed at $54.57 at the [...]

The NASDAQ index moved to a new high last week. The move pushed the index up 3.6% for the week. The question mark is will it hold the move and regain the previous uptrend? The volume has been above average on the move and the leadership has been broad based. The small cap stocks have [...]

The financial sector (IYF) remains in the five month trading range. After the initial burst off the March 2009 lows the sector has languished mostly due to the news surrounding the sector. You can’t listen to a news report or speech from a politician where the sector isn’t bashed in some way. I am not [...]

The sovereign debt issues facing Europe have been week reported. The euro currency has suffered more than 10% since the announcement in November and the stocks have not fared much better. Yesterday Greece announced it was cutting $6.5 billion from spending and starting an austerity program to better its outlook. The global stocks rallied on [...]

The last 5-6 years investors have been motivated to follow gold. The trading level has increased a hundred fold and then some. Thus, GLD, SPDR Gold Trust has become the second largest ETF by dollar size, $39.9 billion. The interest is not slipping either and the break above resistance at the $110 level shows new [...]

The NASDAQ made a solid move to the upside yesterday breaking through the resistance from the last two weeks. Is this the push needed to take a run at the January high and beyond? That is the million dollar question facing investors short term, leadership. Since hitting the high on January 19th the NASDAQ pulled [...]

Taking a look at the chart on crude we see the price of oil is pushing above the $80 level yet again. This is not a good sign for consumers has gasoline prices are following to the upside. Economic impact aside we have to take not of the rise off the low in early February. [...]