Cusick's Corner 05-16-2012 Readers may not like where I have been going the last few Corners, but after a Greek run on the banks and mixed economic data, the major sectors, XLF, XRT, and XLY (offensive sectors) are at or... Read More...
Cusick's Corner 05-16-2012 This trend down appears to still be in place and at this stage the risk aversion trade is on. The Bonds, TLT, have been very active, money has been flowing into US debt instruments. This is impacting... Read More...
Cusick's Corner 05-15-2012 The good news -- the market firmed after a decent pullback. The not so good news -- we have broken enough levels of support and have not reached a level of Fear, VIX, where you might feel... Read More...
Cusick's Corner 05-15-2012 Retail Sales came in strong when you strip out the auto sales component which catalyzed the sector, XRT/XLY are leading the push to the upside and are outpacing the overall market by almost 3X. The action in... Read More...
Cusick's Corner Lately I have been reading more about the US Dollar and there's an interesting dynamic potentially setting up. The Dollar has shown strength, it had a decent rally over the last month, UUP +1.8%, and when you look... Read More...
Cusick's Corner 05-10-2012 The breaking of mid-term support earlier in the week was viewed negatively but as the week has progressed, we have seen that the Bears, while grasping at the horns, have not been able to wrestle the Bulls... Read More...
Cusick's Corner Today's intraday reversal held up well and gave short-term longs some breathing room into the After Hours. I will be watching to see if the longs start to sell into strength since we are at mid-term support and... Read More...
Cusick's Corner 05-09-2012 I will be continuing to monitor the Euro Currency, FXE, as a flag of any continuation to the downside. As we head into the Midday, it has broken the lower tail of the recent downside action which... Read More...
Cusick's Corner 05-08-2012 Here's one positive from today -- the market was able to retake mid-term support (50-Day Moving Average) into the close and hold it. The big driver was the surge in the Energy sector, XLE -.32%, finishing the... Read More...
Cusick's Corner 05-08-2012 As I write this the market is at its worst levels -- S&Ps 1347, NDX 2596, and the Dow Jones Industrials, INDU 12,830 are all below mid-term support, 50-Day Moving Average. At this stage the market is... Read More...
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