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This coming trading week will be an interesting one for the S&P 500. But before we go any further, let us take a technical look at what had taken place since last week. Although the week ended with a minor loss of about 0.7%, it was one heck of a volatile ride for most investors and traders. The week started off with minor gains for SPY on Monday but it was quickly erased during Tuesday and We...

While the US market appears to be consolidating its multi-month gains in August, the Chinese stock market, as portrayed by the ETF FXI, seems to be correcting more severely. However, recent price action of FXI presents an interesting trade set-up for traders in the short term. [caption id="attachment_741" align="alignleft" width="600" caption="Technical Analysis of FXI"][/caption] Since pri...

Stocks of Citigroup (C) have been moving up silently behind the headlines for much of August, amidst news of how more and more banks are being shut across the nation.  The number of bank failures this year now stands at 84 amid the poor economy and rising loan defaults. So how safe, really, is Citigroup? From a fundamentals perspective, it is interesting to note that Citigroup has been list...

Stocks of Medco Health Solutions (MHS) closed at its all-time high of $56.17 yesterday and continued to move higher in early trade today.  Technical analysis of the stock price showed that it broke out of its channel in late Jul 2009.  Subsequently, the former Channel-Line then acted as a good support level when the price corrected in early Aug.  The stock price has been moving higher ever sinc...

While doing my market research today (Aug 5) using Investor’s Business Daily (IBD), I noted 2 interesting stocks that reached their all time highs, and decided to add them to my watchlist.  IBD offers very detailed stock analysis, and you can get a special offer from my blog. WMS Industries (WMS) On Aug 4, WMS Industries (WMS) stock surged 12% to an all time high of $41.34, at 3 time...

Shares of Goldman Sachs (GS) have enjoyed a powerful run up since its Nov 2008 lows, rising over 3 folds as of today.  Part of this run up is due to its recent Q2 earnings announcement on 14 Jul 2009 that blew past analyst expectations, giving the stock the momentum to push past its June consolidation.  GS is fundamentally a very strong stock.  I won’t go into details about its fundamentals, ...