Stock Investing

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I display the Market Security Meter at the top of each week’s report without much thought … until this past week, that is, when I wondered when it might change (I leave the “why” of it’s changing to the fundamental analysts who always come up with a host of explanations after the fact). The S&P Index has been in perfect bull alignment (Index above 50-dma, both above the 100-dma, above the 200-dma, above the 300-dma) since Nov. 24, or for the past 70 trading days as the S&P has risen 10.25%. But how does this run rank historically?

This perfect bull alignment has occurred 195 times since 1963 (excluding the current one) encompassing 4115 trading days, or 35% of the total. The imp

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It’s possible that big-time redemptions caused several would-be rallies last week to sputter and die. A short-term rally remains likely, but if the sell-offs continue, Junes lows could be tested, writes MoneyShow.com senior editor Tom Aspray.

It was clearly a rough week for stocks. Despite historic oversold readings after last Monday’s selling, rally attempts have been feeble. Typically, such an oversold market would stage a decent one- or two-day rally, but it never came last week.

Selling by hedge funds could be keeping the market loweras several days last week, stocks opened strong only for the rally to fizzle quickly. Jun

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The lunch with Warren Buffett, head of Berkshire Hathaway (BRK-A) (BRK-B) at Smith & Wollensky in New York City that was auctioned off on eBay (EBAY) went for $2,345,678, and the high bidder agreed to increase the top bid to $2.63 million to set a new record. The proceeds go to the Glide Foundation in San Francisco. Full Post…

This morning, Joe Nocera offers up his Mea Culpa on the Murdoch purchase of the WSJ. The Journal Becomes Fox-ified:

As a business story, the News of the World scandal isn’t just about phone hacking and police bribery. It is about Murdoch’s media empire, the News Corporation, being at risk — along with his family’s once unshakable hold on it. The old Wall Street Journal would have been leading the pack in pursuit of that story.

Now? At first, The Journal ignored the scandal, even though, as the Murdoch biographer Michael Wolff pointed out in Adweek, it was front-page news all across Britain. Then, when the scandal was no longer avoidable, The Journal did just enough to avoid being accused of looking the other way. Bloggin

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15-Jul-11 15:35 ET Dow +29.74 at 12466.86, Nasdaq +16.26 at 2779.08, S&P +5.46 at 1314.33 Crude oil gained steam in the afternoon session and recovered almost one point as it rose through the $97 mark. By the end of today’s floor trading session, crude was about $1.55/barrel higher at $97.24/barrel, which is about a half of a point under its session high.

Natural gas extended gains this afternoon and hit new highs on today’s session at $4.53/MMBtu. It closed just under that high at $4.52/MMBtu, up 3.7%.

Precious metals continued on the uptrend that began this morning. Gold ran to session highs of $1592.40/oz and remains near that level in electronic trade. S Full Post…