The iPath VIX Short-Term Futures ETN VXX really missed out on the bull market of 2009. This ETF tracks a futures-based strategy of investing in futures contracts on the CBOE Volatility Index, better known as the VIX or the Investor’s Fear Index. After soaring above 80 at the height of the financial crisis, VIX has now ...…
Fannie Mae FNM and Freddie Mac FRE stocks traded much lower yesterday and gave back some of the big gains they saw earlier this week as investors worry about the mortgage giants’ clouded future within the temporarily low interest rate environment. Shares of FNM and FRE ended down 7.2% and 5.3% respectively. That was a ...…
A report today said the jobless claims were falling as new claims for unemployment benefits fell by 22,000 to a seasonally adjusted 432,000 last week. Analysts had expected claims would rise to 460,000 so this is a big news story – at least for this time of the year. The number of workers continuing to seek ...…
Stock market sector performance over the last week has been incredible. Not one sector saw loses – not one! Either everything is going much higher or we are in for some major and painful selling……
Most stocks spent most of the trading day around the neutral or zero level on light trading before the New Year. The upbeat economic data was offset by the U.S. dollar’s rise against the Japanese yen, as well as an unexpected drop in distillate inventories. More specifically, the Energy Information Administration (EIA) said escalating demand among refiners ...…
Let’s face it – Emerging market performance over the last 10 years has been incredible. I think few of you actually realize just how great it is until you see the chart below: Even some longtime US bulls wonder if investors are getting a bit carried away but NOT investing elsewhere. Emerging markets have a ...…
SPX Trading as well as the other 3 major indexes closed lower as reports on home prices and consumer confidence did little for the bulls following nearly 6 straight days of gains yesterday. The major indexes had risen modestly early in the day, but slipped as the dollar strengthened and tugged on commodity prices. The drop ...…
The Nasdaq performance YTD has significantly outperformed the S&P 500 and DOW when we take a look at total returns. As shown below in the chart, the Nasdaq is now up 45.28% versus 25% for the S&P 500 and 20% for the DOW. In addition, the Nasdaq is better off from the top of the ...…
The DXY US dollar index chart is heading lower again this today – ad nausea – versus most major rivals. This is once again proving vulnerable to short-term profit-taking amid thin holiday trading conditions. Around here we generally believe that a move to fresh 2009 highs for several stock indexes may also be weighing on ...…
The IPO Calendar For 2010 is expected to be bigger than 2009. According to some reports, it’s widely expected to pick up as the economy recovers and investors grow more comfortable with companies they may have deemed too risky in 2009 but not too risky to start investing in for 2010. Investors may be willing to ...…
/ES and /NQ mini futures are trading higher for the second straight week this morning as the markets were pointing to a continued win streak for Wall Street as 2009 draws to a close – albeit amid holiday-thinned volumes. Today’s big focus will be the consumer sentiment index report coming out at 10am. Monday’s session, ...…
We just finished posting a new options trading alert for our members. We are entering another position for the February portfolio with a great profit potential. Members can login here while others must of course sign up here. ONLY 4 DAYS LEFT BEFORE THE FREE TRIAL ENDS!…
The forex market news today focuses on the USD which remains soft in early US trading. This is clearly leading to more strength in gold in addition to crude oil rallying with the broader equity markets. Technicals show that the current rally in crude oil might extend beyond $82 over the next week or two. In general, ...…
VIX index chart is at a huge bearish low right now. Historically speaking, markets will tend to typically correct when investors have the least amount of fear - i.e. a reading below the 20 level indicates a high level of complacency. In the past the VIX has been a reliable indicator for keeping the degree of a market’s trend ...…
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