Daily Markets - Are U.S. Stock Markets Oversold?

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• Are U.S. Stock Markets Oversold?
• US Monetary Stimulus: No Exit Strategy For The Foreseeable Future
• High Yields/Moderate Risk/Excellent Theme
• Stock Market Momentum Suggests More Downside Ahead
• Stock Picks For Monday August 16: SIRIUS XM Radio, Bank of America, Las Vegas Sands, Nvidia

Are U.S. Stock Markets Oversold? Posted: 15 Aug 2010 12:01 PM PDT After four consecutive down days, it’s time to turn to our trusty old McClellan Oscillator to find out if the markets are oversold yet. Getting right to it, here are the two year charts for NYSE and NASDAQ McClellan Oscillators to begin with. As we can see, both the oscillators still haven’t quite reached the oversold levels but the NASDAQ is pretty much there. Another down day and it would be well into oversold territory. Another thing to consider here would be how rapid … [visit site to read more]

US Monetary Stimulus: No Exit Strategy For The Foreseeable Future Posted: 15 Aug 2010 12:01 PM PDT This week, national attention was fixated on JetBlue flight attendant Steven Slater, whose bold, creative, and controversial exit strategy could revitalize his future prospects. Not nearly as noticed was the Federal Reserve’s decision on Tuesday to avoid finding an exit strategy for its own never-ending career trap. Unfortunately, the Fed’s choices affect our lives much more than Slater’s. Just a few weeks ago, pundits were asking how Ben Bernanke would shrink the Fed’s bloated post-crisis … [visit site to read more]

High Yields/Moderate Risk/Excellent Theme Posted: 15 Aug 2010 10:24 AM PDT I read an article today written for the “old media” by financial observer Malcom Berko. I enjoy Berko’s work, as he rarely hedges an opinion and takes to task those company managements that do not consistently serve the interests of their owners (shareholders). He has been lurking about the investment forest long enough to identify the dangers within. Searching for a high yield investment that carries a solid theme, a rather obscure sector of the market was brought to my attention - business … [visit site to read more]

Stock Market Momentum Suggests More Downside Ahead Posted: 15 Aug 2010 10:20 AM PDT Last week was difficult, at best, for global stock markets as the S&P 500 dropped more than -3% and the bond market surged as investors continued their “flight to quality.” Fear spread around the world with global markets shedding recent gains.  It was definitely a “risk off” week and the beginning of what I believe will continue to be a “risk off” period as we move through the closing days of summer. The macro news was mostly poor, as we’ll discuss in a moment, and the technical … [visit site to read more]

Stock Picks For Monday August 16: SIRIUS XM Radio, Bank of America, Las Vegas Sands, Nvidia Posted: 15 Aug 2010 09:41 AM PDT ( click to enlarge ) Bank of America (NYSE:BAC) - The bearish momentum was paused on Friday. The bias is now neutral in nearest term but the main scenario remains to the downside. Only a consistent break above $13.30 on a close basis could trigger further upside momentum but as long as price move below this level the bearish scenario should remain intact. ( click to enlarge ) Las Vegas Sands (NYSE:LVS) - The stock continued its bullish momentum today closing at 28.39 in a weak … [visit site to read more]

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