The GSCI Commodity Index ((GSG)) consists primarily of Energy (71%), but also contains Agriculture (14%), Industrial Metals (7%), Livestock (4%), and Precious Metals (4%). The index currently sits atop support but below both moving averages, and the situation is precarious at best. GSG is essentially flat for the year, down 0.06% for all of 2012. The Dow Jones-AIG Energy Total [...]
The S&P 500 ((IVV)) has had a nice run since its June lows, but with the impending fiscal cliff and the corresponding turmoil in Washington, and subsequently in the markets, all that is in danger of coming to an end. The index finds itself at a critical stage, having broken the 50-day and 200-day moving averages in the last month [...]
The US manufacturing sector contracted slightly in the month of November and fell to the lowest level in three years, according to the Institute of Supply Management’s manufacturing index. The ISM tracks the breadth of growth across firms, asking purchasing managers if business is better this month than last. The PMI came in at 49.5%, down from 51.7% in October. Economists were [...]
The Standard & Poor’s 500 is a stock market index based on the common stock prices of the biggest 500 publicly traded American companies. The S&P 500 ((IVV)) currently sits just below the 50-day moving average after testing support at the 200-day moving average last week. If the index doesn't clear past the 50-day MA this coming week, it seems [...]
The S&P 500 Cap-Weighted Index ((IVV)) has had an exceptional bounce-back week, albeit on very low volume due to the holiday weekend. The index blew through its 200-day moving average, and seems likely to retest resistance at the 50-day MA at the 1426 level. The index is up 13.98% year-to-date. The S&P 500 Equal-Weighted index ((RSP)) is set up so [...]
The GSCI Commodity Index ((GSG)) consists primarily of Energy (71%), but also contains Agriculture (14%), Industrial Metals (7%), Livestock (4%), and Precious Metals (4%). The index currently sits atop support, but the situation is precarious at best. GSG is down 1.64% for all of 2012. The Dow Jones-AIG Energy Total Return Index ((JJE)) consists of Natural Gas, Crude Oil, Heating [...]
The S&P 500 ((IVV)) has had a nice run since its June lows, but all that is likely coming to an end, as the impending fiscal cliff ravaged the markets this past week. The index finds itself at a critical stage, having broken the 50-day and 200-day moving average after forming what seems to be a short-term double-top. It currently [...]
The Standard & Poor’s 500 is a stock market index based on the common stock prices of the biggest 500 publicly traded American companies. The S&P 500 currently sits below the 50-day moving average after testing resistance and failing this past week. It looks like the index is headed for the next leg lower, probably down to the 200-day MA [...]
The global economy is struggling. Markets are up significantly over the past year. The US Presidential election is a toss up. The fiscal cliff is a debate. Monetary policy is experimental. There is a certain lack of clarity. Adding to the uncertainty, the global economic challenges come with accompanying central bank interventions. A major area of debate recently is the path [...]
The S&P 500 Cap-Weighted Index ((IVV)) has had a rough week. Not only did the index break its 50-day moving average, it also ripped through its short-term up-trend line. But with market sentiment quickly reversing, this downturn could be short-lived. The index is up 16.33% year-to-date. The S&P 500 Equal-Weighted index ((RSP)) is set up so that every stock in [...]
Stay In Touch