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After more than 40 years on Wall Street, Marc Chaikin founded Chaikin Analytics LLC in 2009 to deliver proven stock analytics to financial service professionals and individual investors. With the Chaikin Power Gauge, an alpha-generating quantitative model as its centerpiece, Chaikin Analytics... More
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  • Tech Earnings Derail Rally With Market Breadth Deteriorating - July 29, 2015

    Stock Market Insights and Ideas by Marc Chaikin

    Tech Earnings Derail Rally with Market Breadth Deteriorating

    The S&P 500 Index closed on Friday at 2,079.65 down 2.21% on the week. One week after earnings reports from the major banks such as Bank of America (NYSE:BAC), JPMorgan Chase (NYSE:JPM) and Citigroup (NYSE:C), along with positive reports from large cap momentum stocks like Google (NASDAQ:GOOGL) and Netflix (NASDAQ:NFLX) which helped propel the NASDAQ Indexes and the S&P 500 to new highs, the stock market ran into a tech wreck as earnings from IBM, Apple, Microsoft and Qualcomm triggered selling that pushed the market below the 2,095 -2,100 breakout level on the S&P 500 Index.

    Adding fuel to the fire were disappointing reports from major manufacturing companies like Caterpillar and United Technologies that triggered concerns about the health of the global economic recovery. Further weakness in commodity prices led by crude oil's sharp drop below $50 a barrel and the accompanying strength of the U.S. dollar gave rise to fears of economic weakness in emerging markets where much of the world's commodities come from.

    For more market insights, subscribe to PowerSuite Premium, which includes Marc Chaikin's weekly stock market analysis report , Market Insights.

    Disclaimer: Chaikin Analytics LLC is not registered as a securities broker-dealer or advisor either with the U.S. Securities and Exchange Commission or with any state securities regulatory authority. Chaikin Analytics does not recommend the purchase of any stock or advise on the suitability of any trade. The information presented is generic in nature and is not to be construed as an endorsement, recommendation, advice or any offer or solicitation to buy or sell securities of any kind, but solely as information requiring further research as to suitability, accuracy and appropriateness. Users bear sole responsibility for their own stock research and decisions. Read the entire disclaimer.

    Jul 29 10:58 AM | Link | Comment!
  • Rally Stalls As Greece Dominates Headlines – IMF Throws Cold Water On Greece And On The Markets : June 28,2015

    Market Insights and Stock Ideas by Marc Chaikin

    June 28, 2015

    The S&P 500 Index closed on Friday at 2,101.49 down 0.39% on the week. The stock market started the week on a positive note as the NASDAQ composite and the Russell 2000 small cap Index traded at new all-time highs, while the S&P 500 reached the upper end of its 5 month trading range in the 2,129 area.

    The balance of the week saw the market seesaw on the downside as the monetary crisis in Greece dominated the headlines. While we had expected cooler heads to prevail in Europe, it now appears that Germany is determined to hold the line regarding Greece's fiscal and monetary indiscretions thereby sending a strong message to other European nations like Italy, France, Portugal and Spain that a dose of fiscal conservatism and restraint is in order.

    Based on current reports, there will be a weeklong bank holiday in Greece, as there has been a run on the banks by depositors and Christine Legarde, the head of the International Monetary Fund, has indicated that there will be no further increase in funds to help Greece meet its short-term obligations.

    This has resulted in stock index futures trading sharply lower in initial Sunday night trading. As I write, the S&P 500 futures have traded as low as 2,054, down 41 points. This would equate to 2,060 on the S&P 500 cash Index. Monday will clearly be a volatile and scary day for the equity markets.

    The European markets will likely trade lower as well when they open this morning following weakness overnight in Asian markets.

    All of this adds up to an extremely volatile pre-holiday week in U.S. markets. While the stock market is usually strong prior to the July 4th weekend and weak the following week, historical precedent must be thrown out the window until the fallout from the lack of a resolution of the Greek fiscal crisis has been factored into the market.

    For more market insights, subscribe to PowerSuite Premium, which includes Marc Chaikin's weekly stock market analysis report , Market Insights.

    Disclaimer: Chaikin Analytics LLC is not registered as a securities broker-dealer or advisor either with the U.S. Securities and Exchange Commission or with any state securities regulatory authority. Chaikin Analytics does not recommend the purchase of any stock or advise on the suitability of any trade. The information presented is generic in nature and is not to be construed as an endorsement, recommendation, advice or any offer or solicitation to buy or sell securities of any kind, but solely as information requiring further research as to suitability, accuracy and appropriateness. Users bear sole responsibility for their own stock research and decisions. Read the entire disclaimer.

    Jun 29 5:46 PM | Link | Comment!
  • Nasdaq And Small Caps Make New Highs – S&P 500 Is Close

    Stock Market Insights and ideas by Marc Chaikin

    The S&P 500 Index closed on Friday at 2,109.99 up 0.76% on the week. The stock market traded down to the lower end of our support zone on Monday's weakness and reversed from the 2072 level to rally on Thursday to the upper end of the recent 4-month trading range at 2,025. The stimulus for the rally was a multipronged attack on the bears headed by Federal Reserve Board Chairman Janet Yellen's conciliatory comments about interest rate hikes on Wednesday, after the Federal Reserve Board's Open Market Committee meeting. With hopes rising for a settlement of the Greek banking crisis and improving unemployment claims on top of last week's strong jobs report, the stock market gave the bulls the ammunition they needed to take the market higher, with small and mid cap stocks leading the charge. On Friday, when there was a breakdown in discussions to resolve the Greek bailout and inflation numbers came in lower than expected, the stock market reverted to form and sold off from the opening bell.

    The narrow range of the past 4 months continues, with support in the 2,070 - 2,080 still the litmus test for the S&P 500. As with most uncertainties, the crisis in Greece will sort itself out and the stock market will then be in a better position to break out to new highs.

    The uptrend in stock prices remains intact, however, until price deterioration below important 100 and 200 day moving averages is evident.

    We continue to expect the stock market to reach 2,150 - 2,200 in the near-term with new highs in 2015 in the 2,250 - 2,300 area. If the negotiations breakdown between Greece and the European Union, then the S&P 500 could very well break support and experience a decline of 5-10% very quickly.

    For more market insights, subscribe to PowerSuite Premium, which includes Marc Chaikin's weekly stock market analysis report , Market Insights.

    Disclaimer: Chaikin Analytics LLC is not registered as a securities broker-dealer or advisor either with the U.S. Securities and Exchange Commission or with any state securities regulatory authority. Chaikin Analytics does not recommend the purchase of any stock or advise on the suitability of any trade. The information presented is generic in nature and is not to be construed as an endorsement, recommendation, advice or any offer or solicitation to buy or sell securities of any kind, but solely as information requiring further research as to suitability, accuracy and appropriateness. Users bear sole responsibility for their own stock research and decisions. Read the entire disclaimer.

    Jun 24 10:38 PM | Link | Comment!
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