Kevin Grewal submits: Despite facing new and fresh stress tests, large-cap financial institutions appear to be positioned for earnings-per-share growth in 2011, making the Financial Select Sector SPDR (XLF) and the iShares Dow Jones US Regional Banks Index Fund (IAT) attractive. According to an article in Barron’s magazine, Credit Suisse (CS) expects large-cap financial institutions [...]

The bulls wrestled back control of the markets today after yesterday’ s sell-off. However, we haven’ t made much movement this week and we are still trading in this consolidation range of 1064-1082 on the SPX. Corporate earnings have been solid for the most part but until we get the overseas markets to play along [...]

The Dow Jones Industrial Average continued its march higher and managed to hold on to the 11,000 level.  Corporate earnings were solid this past week but it appears that investors are pausing a bit ahead of the upcoming mid-term elections and may be waiting for more details of Chairman Bernanke’s “further action” that he signaled [...]

Something has to give soon.  It appears that we are range-bound once again with 1095-1100 serving as resistance on the SPX and 1055 as the last line of support.  Today’s selling after the Bernanke announcement doesn’t sway us much.  He didn’t reveal anything that the market didn’t already know and the move was exaggerated by [...]

Written by Dan Micovic As we had expected, stocks traded in a relatively tight range all week, but by week’s end, all three major market indexes had recorded decent gains. The DJIA overtook the 10,600 level, while the SPX finished the week just shy of the 1,150 mark. This week brings us a slew of [...]