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Stock Market Tips from Marc Chaikin

There is nothing that I see which would derail the stock market short of some very disappointing 2nd quarter earnings reports and negative company guidance.

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Stock Market Tips from Marc Chaikin

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  1. MarketInsights StockMarketTipsfromMarcChaikinJune28,2014 RallyStallsasSectorRotationContinues TheS&P500Indexclosedat1,960.96,down0.1%ontheweek.Thestockmarketreversedfromanewall-timehighonTuesdayat1,968ontheS&P500Indexandfinisheddown0.6%,breakingashort-termsupportpivotat1,952.Whilethisbearishpriceactionusuallyresultsin2-3%followthroughselling,thisisaresilientmarketindeed,andstocksregroupedtofinishtheweekonrelativelysolidfooting. AsshownbythePowerBarsbelow,largecapandbluechipstockscontinuetoleadthewayasinvestorslookforstabilityandyield,whilethespreadbetweenbullishandbearishpowergaugeratingsintheNasdaq100remainsslightlynegative. (PowerBarsfrom) WhiletherehasbeenadecentrallyinTheNasdaq100andsomethinglessbutstillpositiveintheRussell2000,thereisnothinglikelytochangeintheupcomingholidayshortenedweek.Withtradersandinvestorstakingalongweekend,weshouldexpectmoreofthesame,withthemarketsunlikelytomakeupsideprogress. WithearningsseasonduetobeginonJuly8thwhenAlcoa(AA)reports,thestockmarketwilltakeitscuefromcompanyguidanceregardingthe2ndhalfof2014. A6%rallyinthe1sthalfof2014,aftera5yearbullmarket,isdecentenoughandthereisnothingthatIseewhichwouldderailthestockmarketshortofsomeverydisappointing2ndquarterearningsreportsandnegativecompanyguidance. Staytuned. 6/29/14 ©2014ChaikinAnalytics,LLC.Allrightsreserved. <number>

  2. Nike(NKE)-AnotherHighFliertoSellonStrength NikereportedearningsafterthecloseonThursdaywhichexceededWallStreetestimatesandthestockgappedupover2pointsonFriday.AfunnythinghappenedtoNKEasitclosedatitslowforthedayinagenerallyneutralmarket.ThisstrikesmeasbearishbehaviorforthisperennialfavoriteandgivesinvestorsandtradersachancetosellthisbearishPowerGaugeratedstockasitmakesatripletop. Whilewerespect positiveearnings surprises, the market’s responsewas underwhelmingandwithNikenowoverboughtsellingonstrengthmakessense. (NKEChartfromshowingOverboughtSellsignal) ETFSectorUpdate ThestrongestsectorsintermsofPowerGaugeratingsareUtilities(XLU),Financial(XLF),HealthCare(XLV),Energy(XLE)andTechnology(XLK).Therehave,however,beenlotsofcross-currentsasinvestorsfledfromhighyieldutilitiesandoilrefinerseffectedbythelimitedliftingofalongstandingbanonU.S.exportsofcrudeoil. 6/29/14 ©2014ChaikinAnalytics,LLC.Allrightsreserved. <number>

  3. (SPDRSectorChaikinPowerBarsfrom) TheRetailstockscontinuetodragdowntheConsumerDiscretionarySector(XLY). UpdateontheOilRefiningStocks OilRefinerswhichhavebeenstellarperformerswithbullishChaikinPowerGaugeratingswereblindsidedlastweekbyaWallStreetJournalstoryaboutaCommerceDepartmentdecisiontoallow2Texasoilcompanies,PioneerNaturalResources(PXD)andEnterpriseProductsPartners(EPD)toexportextra-lightcrudeoilcondensateoverseas. TherehasbeenabanonU.S.exportsofunrefinedcrudeoilsince1975.Inthepast3yearsasthepriceofBrent(overseas)CrudeOilhasspikedhighervs.domesticcrudeoil(WTI)companieslikeValero(VLO),Tesoro(TSO)andHollyFrontierhavebenefited.Thesestocksdropped8-10%onWednesdayandhavestruggledtoregaintheirfooting. 6/29/14 ©2014ChaikinAnalytics,LLC.Allrightsreserved. <number>

  4. (VLOchartfrom) BothVLOandTSOstillhavebullishChaikinPowerGaugeratingsbutitwilltakesometimeforthemarkettodecideifthisexceptiontotheexportbanwillresultinatrickleorafloodofcrudeoilexports.Politicswillplayapartinthisdiscussionas U.S.energyindependenceisamajorplusfortheU.S.economy,andtheObamaadministrationmaynotwanttoappeartobejeopardizingthatverypositivestateofaffairs. Professionals:formoreonChaikinAnalyticsIndividuals:formoreonChaikinPowerTools Disclaimer:ChaikinAnalyticsLLCisnotregisteredasasecuritiesbroker-dealeroradvisoreitherwiththeU.S.SecuritiesandExchangeCommissionorwithanystatesecuritiesregulatoryauthority.ChaikinAnalyticsdoesnotrecommendthepurchaseofanystockoradviseonthesuitabilityofanytrade.Theinformationpresentedisgenericinnatureandisnottobeconstruedasanendorsement,recommendation,adviceoranyofferorsolicitationtobuyorsellsecuritiesofanykind,butsolelyasinformationrequiringfurtherresearchastosuitability,accuracyandappropriateness.Usersbearsoleresponsibilityfortheirownstockresearchandecisions. 6/29/14 ©2014ChaikinAnalytics,LLC.Allrightsreserved. <number>

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