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Last week I discussed the resiliency of the market and the increasing ability to hold up or even rally in the face of bad news.  That resiliency was on display again Friday morning as  the indices sold off ahead of the open on news the Senate failed to pass the auto bailout and more details [...]

Not much has happened with the major indices since my last report, so for the weekly report I thought I’d go ahead and take a look at a few ETF’s. 
Gold, specifically the iShares Comex Gold Trust (IAU), has taken out an accelerated trend line from last summer and appears headed to the next level [...]

Phew, what a week!  After all that .. the inflation data, the Fed decision, OJ Simpson and some  triple witching the bulls have emerged as the victor of the battle, but have they won the war?  Not yet.  As the major indices approach those July highs the threat of the dreaded double top looms.  Before [...]

The anticlimactic end to rate hikes came to an end last week as most everyone expected. It didn’t take long for traders to "sell the news".. Remember, the market looks several months into the future and had already priced in the end to rate hikes.  Now the market turns to more important things such as [...]

On the surface, we had a great week last week, with the major indices having their best week since ‘04 and clearing several resistance levels in the process (at least in the Dow and S&P500 – have a look at the latest market report released just a few hours ago: http://investing.typepad.com/tradingstocks/2006/07/dow_also_surges.html).  With Bernankes recent comments, [...]

On Tuesday, the market showed great resiliency by shrugging off bombings in India and reversing off the lows to end the day at the highs.  It was another big step in the right direction and it appeared the market was ready for a little run above key resistance levels (the 50 day moving averages of [...]

It’s been some time since I’ve posted ETF movers and today is a good day to begin again considering today’s move is a significant one.  The Nasdaq is clearing key resistance at 2200 and looks like it will hold above that level into the close.  However, today’s move is lacking oomph as indicated by the [...]

The market is following through nicely, adding to Friday’s gains.  It appears we’ll get another day of accumulation as volume on the major indices are ahead of Friday’s session.  Today, small caps lead the way as indicated by the movement in the small cap Ishares ETF’s.  As far as specific industries -technology, select emerging markets [...]

Volume is accelerating during the selloff over the last hour or so as key support levels in the major indices approach.  Here’s a look at which areas of the market are moving with volume today. Data as of 3PM EST.  The only bright spot today appears to be the semis.

Ticker
Name
Current Price
Price % Change
Vol % Change
RS
% [...]