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Uptrend in Emerging Markets

May 5, 2015
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The remarkably energetic rally in the PowerShares Golden Dragon Halter USX China ETF (PGJ) that began on March 17 at 27.5, pushed it as high as 32.7 on April 10. The Golden Dragon has experienced similar gains a couple of times since the beginning of its range-bound streak in October 2013, but none quite as concentrated. PGJ has now put in five days trading between 32 and 32.5, which is a calm consolidation without any evidence of profit taking or remorse selling. This action keeps our buy signal in good shape.

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The Second Week of Earnings Season …

May 4, 2015
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The second week of earnings season brought extreme price declines in many leading stocks, which in turn dropped the three major indexes. For the week, the S&P 500 lost 0.44%, the Dow fell by 0.31% and the Nasdaq tumbled 1.7%. For the bulls, it was a challenging week as...

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Reaction to the Jobs Report

April 3, 2015
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The market is closed for Good Friday (have a good long holiday weekend!), but Uncle Sam still released its employment report on schedule this morning. Obviously, it’s impossible to tell exactly how the stock market will react to the numbers (far fewer jobs were created than expected), but stock...

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Broken BRICs

March 12, 2015
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As you have probably gathered from a growing number of news stories, emerging markets are having a rough go of it right now. We have discussed this before, including...

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The Trend Remains Up

March 9, 2015
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The sellers finally showed some power last week, pushing most of the major indexes lower and lassoing a bunch of leading stocks. It’s a shot across the bow, so...

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Investor Sentiment is Heating Up

February 24, 2015
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One of the many market truisms is that bull markets climb a wall of worry, and that once there is no worry, it’s time to sell. The best time...

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U.S. Market Looks Good — The Sky Is Not Falling!

February 17, 2015
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I attended the 34th annual MoneyShow in Orlando last week. The conference was well attended with 4,500 investors coming from near and far. Investors at the show were generally...

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There’s No Reward Without Risk

February 12, 2015
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Most writing about the stock market goes on and on about risk and reward. That’s appropriate, because any responsible analyst discussing the market needs to keep bringing up risk....

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Ready, Aim…Aim…Aim…

February 11, 2015
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In the final moments of the Super Bowl, one of the unsung plays came when the Patriots had the ball at their own half-yard line, and needed to burrow...

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