bullish

Stocks rallied overnight after the Australian economy showed more than expected second quarter growth and China’s PMI was reported stronger than estimated. Both reports triggered a surge in demand for higher risk assets overnight which led to the sharp rise in equities.

U.S. equity markets soared to the upside late in the trading session after treading water at the mid-session. The markets traded sideways after the release of the European bank stress tests, giving traders time to assess the results.

It's more of a mathematical curiosity than anything else, but check out the odds of 14 successive up-days below, the record for which looks to get set by the SPY today. If that's not a pot of leprechaun gold for the bulls on this St. Pat's day, I don't know what is!

U.S. stock indices had enough information in today’s bullish GDP report to mount a strong rally, but concerns about the debt crisis in Greece and a poor outlook for technology stocks led to a late session sell-off.

Equity markets erased earlier losses after the release of the U.S. Weekly Initial Claims Report to finish higher for the day. Trading was light, but nonetheless, today’s strength is probably a good indication that investors feel that Friday’s report will be better than preliminary estimates.

Resistance for DOW is at 10640 and NASDAQ 2230.
Trend Of Major Indices and Stocks
Symbol Trend No. of Days WeeklyTrend Month
^DJI Bulllish 2 Flat! Flat!
By

Bullish reports out of China helped stock markets recover in Asia, leading to a strong rally in the December E-mini S&P 500. News that China’s November exports fell 1.2 percent following a 13.8 percent decline in October helped spike U.S. equity markets to the upside. The strong rally overnight helped take out yesterday’s high, and a retracement level in the S&P contract at 1106.25.

Seasonal influences are often cited around the Thanksgiving holiday. Therefore I decided I would examine returns during Thanksgiving week as well as the Monday following. Below is how the SPX has performed around Thanksgiving over the last 48 years.

This week has confirmed a bullish breakout in Wal-mart (NYSE: WMT) stock prices from a 1-year weekly triangle formation starting in September, 2008. Let's take a look at this bullish price break on the weekly chart.

Sabrient's research team posts a wide variety of useful data for internal reference, and much of it is used within our quantitative models and client deliverables. One of the things that we track is Net Insider Transactions.

After the apparently success of its stimulus program, China’s remarkable economic recovery has many observers forecasting an even brighter future for the emerging powerhouse. China’s 2008-2009 economic rebound and rising appetite for commodities has made many bullish converts. A close look at some important indicators, however, calls that optimism into question…

Some notable bears keep getting beat down like in scenes from the new movie Zombieland. Even notable bear Doug Kass declared "Mission Accomplished" when he made a market top call at 1070 and assumed the crash had begun.

This is shaping up to be another contrary week, as sell-side analysts' guesstimates of oil supplies square off against traders' bullish sentiments.

almost showed a bullish study this morning for all the bulls who've been screaming for one. But when an indicator like T21112 hits a new all time high, it deserves a mention. T2112 measures the percent of stocks that are trading at least 2 standard deviations above their 40-day moving average. It set an all time-high in May and I noted it then

While we reiterate our advice from last week, namely, not to let your long-term perspective on the market or the economy (whether bullish or bearish) blind you to the legitimate money-making opportunities in the short to medium term, we also acknowledge that navigating the relationship between the two perspectives is naturally confusing.