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Watch For Signs Of A November Correction

Even though the weekly NYSE advance/decline numbers were negative last week a majority of the weekly A/D lines are still above their WMAs.  This is a positive sign for the stock market’s intermediate term trend but does not rule out a correction. Though several warned of a correction in October those warnings have all but…
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Will Apple’s Earnings Keep The Tech Rally Alive?

The blockbuster earnings from Apple, Inc. (AAPL) after the close has pushed its stock to open Friday at $174 which was 3.3% above the pre-earnings close on Thursday. The question for those following the tech heavy PowerShares QQQ Trust (QQQ) the main questions is whether these earnings will be able to push the average to…
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When Was The Last Real November Correction?

The stock market recorded another solid month of gains in October with the S&P 500 up 2.2%. Many investors may be even more bullish now because of the historically strong performance of the stock market in November. Since 1950 the S&P 500 has had an average gain of 1.38% in November as it has been…
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A New Way To Analyze Risk

It was another wild week for the stock market as very strong earnings from three tech giants, Amazon.com (AMZN, Alphabet (GOOGL) and Microsoft (MSFT) combined with the House acceptance of the Senate’s budget sparked a fuse under the tech sector on Friday. Over the past few weeks I have been too cautious on several of these tech…
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The Week Ahead Market Wrap

Last week the earnings reports did not seem to be enough to push the market higher but the Thursday night budget vote seemed the get the market’s attention. The thought is that it increases the odds of a tax cut but I am not sure it will be that easy with the fractured Republican majority.…
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Chart Warnings For Two Tech Giants

The earnings season took over the market this week as there have been a number of big winners and losers. General Electric (GE) was looking very weak technically two weeks ago and it was down another 2.5% in early Friday trading. Shoe maker Sketchers U.S.A. (SKX) on the other had exceeded expectations on earnings and was up…
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