A very cool feature has launched over at social investing site Covestor that is great for scouting and looking for potential models to invest in. You can now receive free weekly summaries of any models you are interested in putting money behind. ...
After ending August on a gloomy note the market has started September with a bang after all major indices were up close to 3%. The NASDAQ had a strong accumulation day as tech stocks lead the way while the S&P 500 and Dow both traded about average volume. So after testing 1040 support three times the S&P 500 today surged higher and closed right at its 50 day moving average...
Considering investors were very bullish heading into today after the session Friday ended on such an upbeat note, I was very surprised to see the market slip some 1.5%. This sets the stage for a very interesting week as wall street investors come back from August vacations and get back in the saddle. ...
The market continues to get hit hard as sellers overpower buyers and prices push further south. Today the headlines revolved around housing which showed that sales of previously occupied homes fell last month to their lowest level in 15 years. For some reason I don’t see why this was not expected given the first time home buyer tax credit being done and the state of the current economy but anyway… Bottom line is that the market has had three distribution days the last four sessions and is showing no strong signs yet of being oversold. ...
