Dow Breaks Another Support Level
As shown in the chart below, the Dow has just broken below its support level at the 10,100 mark. This support was formed by the peak in the index in mid-October. Some commentators have been blaming the drop on more tax proposals in Obama's State of the...
Best Performing Stocks on Earnings
It's been a great earnings season from a numbers standpoint, but it has been a pretty bad earnings season in terms of stock performance. But some stocks have done well. Below we highlight the 25 companies that have gone up the most on their report days...
It’s Been a Good Year For Ford
While Ford (F) was typically considered among the most dysfunctional automakers less than three years ago, look who's laughing now. As major players like GM and Toyota can't get out of their own way, both operationally and in terms of their stock price...
Two 200-Day Breaks
Two big asset-classes had major long-term trend reversals today. When a stock or index is trading above its 200-day moving average, it is considered to be in a long-term uptrend. When the price is trading below the 200-day, it is considered to be in a ...
S&P 500 Open Interest Put/Call Ratios
Below we highlight a list of S&P 500 stocks with the highest ratio of open put interest to open call interest. Companies with high put option open interest compared to call option open interest have more bearish than bullish bets. It's similar to a com...
Ken Heebner: At Least He’s Honest
A few minutes ago on CNBC, Erin Burnett asked her panel of guests if they would consider buying Apple's (AAPL) new iPad tablet computer. The only panelist who raised their hand was Steve Liesman. One of the panelists on the show who didn't raise his ha...
Bernanke Poll Results
Two days ago we asked Bespoke readers if they thought Bernanke would be confirmed for a second-term by the Senate. As shown below, 88% responded 'yes' and 12% responded 'no'. Over at Intrade, the odds are now all the way up to 98%. Subscribe to Bespoke...
Berkshire Joins List of Ten Largest US Companies
Who said a stock split wasn't good for your stock? Last week's 50-1 split of shares in Berkshire Hathaways' class B stock (BRK/b) helped set the stage for last night's announcement that S&P would add the stock to the S&P 500. As a result, the stock is ...
Can’t Blame Earnings Season
The earnings picture continues to look impressive. Heading into the close yesterday, the earnings beat rate (% of companies beating EPS estimates) stood at 71%, which is high in its own right. Last night and this morning, another 64 companies reported ...
Lots on Deck Tomorrow
As shown below, 42% of stocks in the S&P 500 are currently trading below their 50-day moving averages. This is just below the 43% reading seen at the bottom back in October, so things don't currently look great from a breadth perspective. Tomorrow is o...
1,091 Proves Strong Once Again
On a closing basis, the S&P 500 stopped going down right at the 1,091 level, which has acted as key support four times now since last November. Now that the index has found support in the short-term, traders will focus on the 50-day moving average as t...
Guidance Is Also Strong
Just like the earnings beat rate this quarter, the percentage of companies raising guidance versus lowering guidance is also strong. As shown below, 12.6% of companies that have reported earnings this season have raised guidance, while just 2% have low...
