Stocks rallied strongly yesterday after reassuring comments from Bernanke in regards to continuing economic growth and subdued inflation. Retailers rallied 2% after a slew of positive earnings reports and the CBOE Retail Index (RLX – 419.80) closed at a new year high. As we are constantly told that the consumer represents 70% of the economy, the strength in retail sales should be seen as a very po ...

A disappointing consumer confidence report saw stocks post their worst session in over two weeks yesterday. Both the S&P 500 (1094.60) and Nasdaq (2213.44) closed above their 20 day moving averages at 1086 and 2186 respectively. We are at a critical juncture, in that a move now back below the 20 day averages would suggest a return to the correction and a potential move lower to the 200 day moving ...

The S&P 500 (1122) is down at the mid-point of the entire bear market at 1121 and trying to hold. Below that is the up sloping 50 day at 1114. The Nasdaq (2271) is trying to hold its three week trading range. While we expect a bounce and that the fear over Obama’s conference at 11.40 is overdone, we are getting caught holding too much long side exposure. We increased our exposure dramatically part ...

A-Power (APWR – 13.70) just announced a private placement of $83 mil that dilutes the stock by about 15%! The stock is down 19%! Long term, the exciting story is in tact. Our Ts Executive Portfolio will always use a system of stops and APWR went through that today. ...

The Ts indicators closed at 1.06 and 1.09 and we remain in an Up trend. As the 10 week moving average is above the 50 week moving average on the S&P 500 we are said to be in an Up/Up condition. We remain on a near term overbought signal. There will be no new buys or sells today. ...

The Ts indicators closed at 0.88 and 1.06 yesterday. As the second indicator remains above 1.00 we are still in an Up trend. As the 10 week moving average on the S&P 500 is above the 50 week moving average we are said to be in an Up/Up condition. The market, despite yesterday’s decline, remains on an overbought signal. There will be no new buys or sells today. ...