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<title>Minyanville - Jim Koford RSS</title>
<description>
The Trusted Choice for the Wall Street Voice
</description>
<link>
		http://www.minyanville.com</link>
<copyright>
		2013Minyanville Publishing and Multimedia, LLC. All Rights Reserved
</copyright>
		<item>
<title><![CDATA[Two Names to Watch in This Extended Market]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/stocks/articles/Two-Names-to-Watch-In-This/3/12/2013/id/48667</link>
<pubDate>
			Tue, 12 Mar 2013 10:30:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/stocks/articles/Two-Names-to-Watch-In-This/3/12/2013/id/48667</guid>
<description>
<![CDATA[After shaking off the mid-February bout of distribution, the bulls hit the gas last week, pushing the indices to fresh highs and extending their gains into week's end after some pretty good jobs numbers Friday morning. Our chart review shows plenty of individual stocks exuding strength, and that carries through to the broader sector ETFs. Meanwhile, several potential short setups have squeezed those looking for trades on the dark side.

In particular, the Materials Select Sector SPDR (NYSEARCA:XLB), which was looking very shaky for a while there after breaking down technically and seeing an oversold bounce right into the wrong ]]>
</description>
<content:encoded>
	<![CDATA[After shaking off the mid-February bout of distribution, the bulls hit the gas last week, pushing the indices to fresh highs and extending their gains into week's end after some pretty good jobs numbers Friday morning. Our chart review shows plenty of individual stocks exuding strength, and that carries through to the broader sector ETFs. Meanwhile, several potential short setups have squeezed those looking for trades on the dark side.

In particular, the Materials Select Sector SPDR (NYSEARCA:XLB), which was looking very shaky for a while there after breaking down technically and seeing an oversold bounce right into the wrong ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[In Tough Trading Times, First Solar, Celsion Doing Well]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/In-Tough-Trading-Times-First-Solar/12/14/2012/id/46688</link>
<pubDate>
			Fri, 14 Dec 2012 14:05:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/In-Tough-Trading-Times-First-Solar/12/14/2012/id/46688</guid>
<description>
<![CDATA[MINYANVILLE ORIGINAL

Patience is power. Patience is not an absence of action; rather it is "timing." It waits on the right time to act, for the right principles, and in the right way.
--Fulton J. Sheen

We're well into December already, and I'm sure that everyone is well aware that the "Overused Buzzword" debate continues to rage on. I'm no political analyst, so I'm not going to pretend that I have any special insight into the issue, but I will say that it's influenced the market action, and the uncertainty surrounding the you-know-what aligns well with a muddled technical picture ]]>
</description>
<content:encoded>
	<![CDATA[MINYANVILLE ORIGINAL

Patience is power. Patience is not an absence of action; rather it is "timing." It waits on the right time to act, for the right principles, and in the right way.
--Fulton J. Sheen

We're well into December already, and I'm sure that everyone is well aware that the "Overused Buzzword" debate continues to rage on. I'm no political analyst, so I'm not going to pretend that I have any special insight into the issue, but I will say that it's influenced the market action, and the uncertainty surrounding the you-know-what aligns well with a muddled technical picture ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Is the Worst Over for the Market?]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/imh-eloq-reed-255EDJI-255EGSPC-dow/10/24/2012/id/45305</link>
<pubDate>
			Wed, 24 Oct 2012 12:05:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/imh-eloq-reed-255EDJI-255EGSPC-dow/10/24/2012/id/45305</guid>
<description>
<![CDATA[MINYANVILLE ORIGINAL In my last missive, I mentioned that both the Dow (INDEXDJX:.DJI) and the S&P 500 (INDEXSP:.INX) were doing a good job of holding above key support levels despite some real damage under the surface in some big cyclical names. However, I also said that the Nasdaq (INDEXNASDAQ:.IXIC) had already entered a confirmed intermediate downtrend, and at some point, that divergence would resolve itself.

Unfortunately, that resolution was to the bulls' detriment. On Tuesday, not only did the senior indices push emphatically below their respective 50-day moving averages, but they also put in lower lows, and fell back below ]]>
</description>
<content:encoded>
	<![CDATA[MINYANVILLE ORIGINAL In my last missive, I mentioned that both the Dow (INDEXDJX:.DJI) and the S&P 500 (INDEXSP:.INX) were doing a good job of holding above key support levels despite some real damage under the surface in some big cyclical names. However, I also said that the Nasdaq (INDEXNASDAQ:.IXIC) had already entered a confirmed intermediate downtrend, and at some point, that divergence would resolve itself.

Unfortunately, that resolution was to the bulls' detriment. On Tuesday, not only did the senior indices push emphatically below their respective 50-day moving averages, but they also put in lower lows, and fell back below ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[As the Market Sends Mixed Signals, Now's the Time to Hone Your Watch List]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/stocks/articles/255EDJI-255EIXIC-srpt-asps-dow-jones/10/11/2012/id/44905</link>
<pubDate>
			Thu, 11 Oct 2012 10:35:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/stocks/articles/255EDJI-255EIXIC-srpt-asps-dow-jones/10/11/2012/id/44905</guid>
<description>
<![CDATA[MINYANVILLE ORIGINAL After four days of some pretty nasty action, news of another Spanish debt downgrade is providing a bit of a boost as we enter the back half of the week. The question, of course, is if market players will use any sort of reflexive action to the upside as an excuse to further lighten up their exposure and turn the post QE3 rally into a failed breakout.

From a technical perspective, so far both the Dow (INDEXDJX:.DJI) and the S&P 500 (INDEXSP:.INX) have held on well. There was no question that just about every area of the market ]]>
</description>
<content:encoded>
	<![CDATA[MINYANVILLE ORIGINAL After four days of some pretty nasty action, news of another Spanish debt downgrade is providing a bit of a boost as we enter the back half of the week. The question, of course, is if market players will use any sort of reflexive action to the upside as an excuse to further lighten up their exposure and turn the post QE3 rally into a failed breakout.

From a technical perspective, so far both the Dow (INDEXDJX:.DJI) and the S&P 500 (INDEXSP:.INX) have held on well. There was no question that just about every area of the market ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Heading Into Last Week of Quarter, Market Is at Key Inflection Point]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/255EGSPC-s2526p500-spx-the-trend-is/9/24/2012/id/44322</link>
<pubDate>
			Mon, 24 Sep 2012 12:45:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/255EGSPC-s2526p500-spx-the-trend-is/9/24/2012/id/44322</guid>
<description>
<![CDATA[MINYANVILLE ORIGINAL We came into last week about as extended to the upside as we've been at any point over the past three years and in desperate need of some sideways action to help the market digest some.  Five days of range-bound action in the major indices gave us exactly that, and we're now at a key inflection point as we head into the last week of the quarter.

	 

	The bearish side here is particularly easy to understand, and as always, is quite compelling. Now that the afterglow of the central bank announcements has worn off, investors are starting to ]]>
</description>
<content:encoded>
	<![CDATA[MINYANVILLE ORIGINAL We came into last week about as extended to the upside as we've been at any point over the past three years and in desperate need of some sideways action to help the market digest some.  Five days of range-bound action in the major indices gave us exactly that, and we're now at a key inflection point as we head into the last week of the quarter.

	 

	The bearish side here is particularly easy to understand, and as always, is quite compelling. Now that the afterglow of the central bank announcements has worn off, investors are starting to ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Can the Bulls Pull Another Rabbit Out of the Hat?]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/stock-charts-stock-market-news-market/3/28/2011/id/33598</link>
<pubDate>
			Mon, 28 Mar 2011 09:50:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/stock-charts-stock-market-news-market/3/28/2011/id/33598</guid>
<description>
<![CDATA[Once again, traders are finding themselves in a very familiar spot. After months of trying to navigate a market that kept marching relentlessly higher, when even the most ardent of bulls were pleading for some sort of pullback into which they could deploy more capital, the market suddenly collapsed. Social unrest in the Middle East threatened oil supplies, a tragic natural disaster gave rise to a nuclear crisis, and worries about global demand intensified. If that weren't enough, we've also had constant reminders about how terrible both the housing and jobs markets really are.One day we were dealing with a ]]>
</description>
<content:encoded>
	<![CDATA[Once again, traders are finding themselves in a very familiar spot. After months of trying to navigate a market that kept marching relentlessly higher, when even the most ardent of bulls were pleading for some sort of pullback into which they could deploy more capital, the market suddenly collapsed. Social unrest in the Middle East threatened oil supplies, a tragic natural disaster gave rise to a nuclear crisis, and worries about global demand intensified. If that weren't enough, we've also had constant reminders about how terrible both the housing and jobs markets really are.One day we were dealing with a ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[How to Stay on Your Toes in This Choppy Market]]></title>
<link>
			http://www.minyanville.com/investing/articles/investment-strategy-volatility-emerging-opportunities-market/3/9/2011/id/33241</link>
<pubDate>
			Wed, 9 Mar 2011 09:15:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/investing/articles/investment-strategy-volatility-emerging-opportunities-market/3/9/2011/id/33241</guid>
<description>
<![CDATA[One comment theme over the past couple of years is how difficult it's been to mentally "get behind" this market. While there's no doubt that the economy has improved and the specter of imminent financial Armageddon is long past, it's been virtually impossible to reconcile a market that nearly doubled in 23 months. The other aspect that has been virtually inconceivable has been the one-sided nature of the action. A steady diet of strong earnings and positive outlooks has helped, but there's little doubt that the largest driver in that span has been the Fed's printing presses. That's made a ]]>
</description>
<content:encoded>
	<![CDATA[One comment theme over the past couple of years is how difficult it's been to mentally "get behind" this market. While there's no doubt that the economy has improved and the specter of imminent financial Armageddon is long past, it's been virtually impossible to reconcile a market that nearly doubled in 23 months. The other aspect that has been virtually inconceivable has been the one-sided nature of the action. A steady diet of strong earnings and positive outlooks has helped, but there's little doubt that the largest driver in that span has been the Fed's printing presses. That's made a ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Can the Bears Gain a Toehold?]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/market-direction-buying-opportunity-investment-strategy/2/23/2011/id/32965</link>
<pubDate>
			Wed, 23 Feb 2011 12:00:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/market-direction-buying-opportunity-investment-strategy/2/23/2011/id/32965</guid>
<description>
<![CDATA[After one of the worst days of selling that this market has encountered in quite some time (the last time the S&P 500 lost more than 2% in one day was back on August 11), market players are busy scratching their heads, trying to figure out where we're headed from here. Typically, large one-day declines from fresh 52- week highs are followed by a swift, but mild, rebound, after which we roll back over and undergo a more sustained correction.Of course, there hasn't been a lot of "typical" when it comes to this market. There are plenty of theories out ]]>
</description>
<content:encoded>
	<![CDATA[After one of the worst days of selling that this market has encountered in quite some time (the last time the S&P 500 lost more than 2% in one day was back on August 11), market players are busy scratching their heads, trying to figure out where we're headed from here. Typically, large one-day declines from fresh 52- week highs are followed by a swift, but mild, rebound, after which we roll back over and undergo a more sustained correction.Of course, there hasn't been a lot of "typical" when it comes to this market. There are plenty of theories out ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Will the Market Gods Finally Hit the Reset Button?]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/sp500-markets-market-correction-market-performance/2/22/2011/id/32928</link>
<pubDate>
			Tue, 22 Feb 2011 10:20:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/sp500-markets-market-correction-market-performance/2/22/2011/id/32928</guid>
<description>
<![CDATA[The market's persistent uptrend continued into the end of last week, with the S&P 500 again scraping up against the upper end of its rising channel. I've been trying to ride this trend to the best of my abilities, but while the term "melt-up" can be applied to the entirety of the move that we've seen over the past several weeks (and months), it was exceedingly apparent as Friday's trading session developed. That left the market quite extended to the upside and ripe for the sort of reaction we are seeing this morning on this weekend's news of political unrest ]]>
</description>
<content:encoded>
	<![CDATA[The market's persistent uptrend continued into the end of last week, with the S&P 500 again scraping up against the upper end of its rising channel. I've been trying to ride this trend to the best of my abilities, but while the term "melt-up" can be applied to the entirety of the move that we've seen over the past several weeks (and months), it was exceedingly apparent as Friday's trading session developed. That left the market quite extended to the upside and ripe for the sort of reaction we are seeing this morning on this weekend's news of political unrest ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Technical Analysis: Use as Money Management Tool, Not Price Predictor]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/stock-market-market-action-technical-analysis/1/18/2011/id/32220</link>
<pubDate>
			Tue, 18 Jan 2011 09:10:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/stock-market-market-action-technical-analysis/1/18/2011/id/32220</guid>
<description>
<![CDATA[If there's one thing that you can rely on, it's the fact that the sort of steady action to the upside that we've seen over the past several months will cause some consternation among folks who feel like they've missed out. Invariably, they'll look to take out their frustrations and find ways to place blame. I was taken aback recently as I read some comments left for the writer(s) of the Big Picture column on the Investor's Business Daily website. There was a deluge of venom aimed at that venerable publication, and the gist of the complaints had to do ]]>
</description>
<content:encoded>
	<![CDATA[If there's one thing that you can rely on, it's the fact that the sort of steady action to the upside that we've seen over the past several months will cause some consternation among folks who feel like they've missed out. Invariably, they'll look to take out their frustrations and find ways to place blame. I was taken aback recently as I read some comments left for the writer(s) of the Big Picture column on the Investor's Business Daily website. There was a deluge of venom aimed at that venerable publication, and the gist of the complaints had to do ]]>
</content:encoded>
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			<item>
<title><![CDATA[Market Must Accept That Bulls Have the Upper Hand]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/market-action-molycorp-avalon-rare-metals/1/5/2011/id/31998</link>
<pubDate>
			Wed, 5 Jan 2011 11:00:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/market-action-molycorp-avalon-rare-metals/1/5/2011/id/31998</guid>
<description>
<![CDATA[Over the past couple of weeks, the market enjoyed the kind of positive seasonality that short-term traders simply adore. Thin holiday conditions and a solid overall uptrend provided for some aggressive action in metals (particularly rare-earth stocks like Molycorp (MCP), Avalon Rare Metals (AVL), and Rare Element Resources (REE)), oils, and small biotechs; but probably the most striking aspect to the action toward the end of the year was the relative absence of many market-leading stocks. A couple of favorites like Chipotle Mexican Grill (CMG) and Netflix (NFLX) showed some signs of distribution before they dipped below their respective 50-day ]]>
</description>
<content:encoded>
	<![CDATA[Over the past couple of weeks, the market enjoyed the kind of positive seasonality that short-term traders simply adore. Thin holiday conditions and a solid overall uptrend provided for some aggressive action in metals (particularly rare-earth stocks like Molycorp (MCP), Avalon Rare Metals (AVL), and Rare Element Resources (REE)), oils, and small biotechs; but probably the most striking aspect to the action toward the end of the year was the relative absence of many market-leading stocks. A couple of favorites like Chipotle Mexican Grill (CMG) and Netflix (NFLX) showed some signs of distribution before they dipped below their respective 50-day ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Market Starts New Year With a Bang, but Investors Should Avoid Undisciplined Trades]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/2011-predictions-economy-investors-trading-trading/1/3/2011/id/31951</link>
<pubDate>
			Mon, 3 Jan 2011 10:10:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/2011-predictions-economy-investors-trading-trading/1/3/2011/id/31951</guid>
<description>
<![CDATA[We're kicking off the new trading year today, and that gives us a good opportunity to reflect on some changes that we'd like to make. My biggest mistake last year was not respecting the fact that the pricing action was strong and trusting my much-repeated mantra that trends tend to last far longer than may seem reasonable. I write all the time about not being anticipatory, but it isn't always easy following your own advice, and my goal this year is to work exactly on that.There were a myriad of reasons for not "trusting" the action, with the largest being ]]>
</description>
<content:encoded>
	<![CDATA[We're kicking off the new trading year today, and that gives us a good opportunity to reflect on some changes that we'd like to make. My biggest mistake last year was not respecting the fact that the pricing action was strong and trusting my much-repeated mantra that trends tend to last far longer than may seem reasonable. I write all the time about not being anticipatory, but it isn't always easy following your own advice, and my goal this year is to work exactly on that.There were a myriad of reasons for not "trusting" the action, with the largest being ]]>
</content:encoded>
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			<item>
<title><![CDATA[Investors Walking a Fine Line This Week]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/molycorp-investment-strategies-molycorp-stock-avalon/12/28/2010/id/31898</link>
<pubDate>
			Tue, 28 Dec 2010 10:30:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/molycorp-investment-strategies-molycorp-stock-avalon/12/28/2010/id/31898</guid>
<description>
<![CDATA[Despite some early weakness yesterday on the heels of another borrowing-and-lending rate hike in China, the troops once again displayed the sort of calm confidence that has served them so well so far this month. They weren't able to put up big points, and the indices finished the day little changed, but for another time, they frustrated market players looking for some sort of correction to take hold.Under the surface, the action was quite typical of what you'd expect to see this time of year. Volume was remarkably light and traders were more than happy to aggressively pursue pockets of ]]>
</description>
<content:encoded>
	<![CDATA[Despite some early weakness yesterday on the heels of another borrowing-and-lending rate hike in China, the troops once again displayed the sort of calm confidence that has served them so well so far this month. They weren't able to put up big points, and the indices finished the day little changed, but for another time, they frustrated market players looking for some sort of correction to take hold.Under the surface, the action was quite typical of what you'd expect to see this time of year. Volume was remarkably light and traders were more than happy to aggressively pursue pockets of ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[The Problem With 2011 Market Predictions]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/investing-market-predictions-2011-predictions-economic/12/23/2010/id/31856</link>
<pubDate>
			Thu, 23 Dec 2010 09:05:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/investing-market-predictions-2011-predictions-economic/12/23/2010/id/31856</guid>
<description>
<![CDATA[Toward the end of December, the media outlets, desperate for something -- anything -- to fill their pages and airwaves with, start asking so-called gurus, experts, and other sundry market characters where the various indices will be this time next year. Unfortunately, the predictions have been starting to roll in. It's an easy pitch to hit, because if you get it right, you can crow about it in 12 months; but if you get it wrong (and odds are that you will get it wrong), nobody ever calls you on it.The problem, though, is that this sort of behavior gives ]]>
</description>
<content:encoded>
	<![CDATA[Toward the end of December, the media outlets, desperate for something -- anything -- to fill their pages and airwaves with, start asking so-called gurus, experts, and other sundry market characters where the various indices will be this time next year. Unfortunately, the predictions have been starting to roll in. It's an easy pitch to hit, because if you get it right, you can crow about it in 12 months; but if you get it wrong (and odds are that you will get it wrong), nobody ever calls you on it.The problem, though, is that this sort of behavior gives ]]>
</content:encoded>
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<title><![CDATA[How to Handle the Year-End Market]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/year-end-market-2010-market-netflix/12/22/2010/id/31829</link>
<pubDate>
			Wed, 22 Dec 2010 10:45:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/year-end-market-2010-market-netflix/12/22/2010/id/31829</guid>
<description>
<![CDATA[Seasonality is never a guarantee, but it's usually a safe bet that as the year starts to wind down and big money managers look to tack on some last-minute relative performance to their portfolios, we'll get a benign trading environment. Aggressive traders know this, and will often use this time of year to hunt for, and often create, little pockets of activity.Over the past 80 odd years, the S&P 500 has been higher over the final seven trading days of the year, and when you have odds like that, it's hard for it not to become a self-fulfilling prophesy. Even ]]>
</description>
<content:encoded>
	<![CDATA[Seasonality is never a guarantee, but it's usually a safe bet that as the year starts to wind down and big money managers look to tack on some last-minute relative performance to their portfolios, we'll get a benign trading environment. Aggressive traders know this, and will often use this time of year to hunt for, and often create, little pockets of activity.Over the past 80 odd years, the S&P 500 has been higher over the final seven trading days of the year, and when you have odds like that, it's hard for it not to become a self-fulfilling prophesy. Even ]]>
</content:encoded>
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<title><![CDATA[For Now, Bulls in Charge and Feeling Festive]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/netflix-bulls-stock-market-chipotle-mexican/12/20/2010/id/31779</link>
<pubDate>
			Mon, 20 Dec 2010 09:40:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/netflix-bulls-stock-market-chipotle-mexican/12/20/2010/id/31779</guid>
<description>
<![CDATA[Despite a number of signs underneath the surface last week -- including a market that was once again exceedingly stretched to the upside, several days with poor final-hour action, and some indications of distribution in key market-leading stocks, including Netflix (NFLX), Chipotle Mexican Grill (CMG), and F5 Networks (FFIV) -- the market gods continued to confound anyone, including myself, bracing for some sort of consolidation. The troops weren't able to make further progress to the upside, but the sellers failed to gain any sort of edge as the week progressed.Probably the most ironic aspect of the action over the past ]]>
</description>
<content:encoded>
	<![CDATA[Despite a number of signs underneath the surface last week -- including a market that was once again exceedingly stretched to the upside, several days with poor final-hour action, and some indications of distribution in key market-leading stocks, including Netflix (NFLX), Chipotle Mexican Grill (CMG), and F5 Networks (FFIV) -- the market gods continued to confound anyone, including myself, bracing for some sort of consolidation. The troops weren't able to make further progress to the upside, but the sellers failed to gain any sort of edge as the week progressed.Probably the most ironic aspect of the action over the past ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Despite Bears' Desires, Market Keeps Plodding Higher]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/traders-market-action-pricing-action-stock/12/14/2010/id/31678</link>
<pubDate>
			Tue, 14 Dec 2010 10:50:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/traders-market-action-pricing-action-stock/12/14/2010/id/31678</guid>
<description>
<![CDATA[As I mentioned yesterday in Recent Market Action Means Consolidation Is Coming, the pattern lately has been for traders to book some quick gains into opening gaps to the upside, but for any early dip off opening highs to be eagerly bought by market players looking for the slightest opportunity to get in on a market that refuses to roll over. That's exactly what happened, and the resulting move higher carried the added benefit of the Dow finally joining both the S&P 500 and the Nasdaq above November highs. However, some signs of profit-taking crept in late in the session, ]]>
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	<![CDATA[As I mentioned yesterday in Recent Market Action Means Consolidation Is Coming, the pattern lately has been for traders to book some quick gains into opening gaps to the upside, but for any early dip off opening highs to be eagerly bought by market players looking for the slightest opportunity to get in on a market that refuses to roll over. That's exactly what happened, and the resulting move higher carried the added benefit of the Dow finally joining both the S&P 500 and the Nasdaq above November highs. However, some signs of profit-taking crept in late in the session, ]]>
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<title><![CDATA[Recent Market Action Means Consolidation Is Coming]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/bulls-bull-market-stock-market-market/12/13/2010/id/31654</link>
<pubDate>
			Mon, 13 Dec 2010 10:20:00EST
</pubDate>
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			http://www.minyanville.com/businessmarkets/articles/bulls-bull-market-stock-market-market/12/13/2010/id/31654</guid>
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<![CDATA[Well, I have to say that the bulls did an exceptional job last week. A big move out of that lateral channel the previous week left the indices extended to the upside and up against significant lateral resistance at the November highs. But while a sell-the-news reaction to a big gap higher after the Bush-era tax cut extension was announced, stocks just continued to chug higher. To say that we've had a very complacent environment recently would be an understatement. The dismal jobs number, continuing debt problems in Europe, and the ever-present threat of further efforts out of China to ]]>
</description>
<content:encoded>
	<![CDATA[Well, I have to say that the bulls did an exceptional job last week. A big move out of that lateral channel the previous week left the indices extended to the upside and up against significant lateral resistance at the November highs. But while a sell-the-news reaction to a big gap higher after the Bush-era tax cut extension was announced, stocks just continued to chug higher. To say that we've had a very complacent environment recently would be an understatement. The dismal jobs number, continuing debt problems in Europe, and the ever-present threat of further efforts out of China to ]]>
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<title><![CDATA[Market Action Could Be Leaning Toward the Bears]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/market-action-dip-buyer-buy-dip/12/8/2010/id/31580</link>
<pubDate>
			Wed, 8 Dec 2010 11:00:00EST
</pubDate>
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			http://www.minyanville.com/businessmarkets/articles/market-action-dip-buyer-buy-dip/12/8/2010/id/31580</guid>
<description>
<![CDATA[Yesterday was one of those days when the headline numbers in the major indices didn't do much to convey what happened between the bells. Three days of solid gains had left the indices extended to the upside and bumping up against lateral resistance levels, and while the troops did a good job of preventing any weakness from developing on Monday, a big gap to fresh two-year highs on news that the Bush-era tax cuts had been extended gave market players an excellent opportunity to start booking some gains. The troops tried to move us off morning lows, but a sharp ]]>
</description>
<content:encoded>
	<![CDATA[Yesterday was one of those days when the headline numbers in the major indices didn't do much to convey what happened between the bells. Three days of solid gains had left the indices extended to the upside and bumping up against lateral resistance levels, and while the troops did a good job of preventing any weakness from developing on Monday, a big gap to fresh two-year highs on news that the Bush-era tax cuts had been extended gave market players an excellent opportunity to start booking some gains. The troops tried to move us off morning lows, but a sharp ]]>
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<title><![CDATA[Will Bulls or Bears Control Holiday Season Trading?]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/bulls-bears-trading-ideas-qe2-sp500/11/29/2010/id/31391</link>
<pubDate>
			Mon, 29 Nov 2010 11:40:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/bulls-bears-trading-ideas-qe2-sp500/11/29/2010/id/31391</guid>
<description>
<![CDATA[Thin trading environments and short holiday weeks typically favor the bulls. A festive mood permeates the action, which in turn pushes sellers to the sidelines and gives traders the opportunity to chase after (and often create) small pockets of momentum. Headlines about a military skirmish in the Korean peninsula and widening credit default spreads in Spain and Portugal, however, dominated the action and gave us some unusually choppy action around Thanksgiving. The net result was that the indices have, over the past couple of weeks, carved out some fairly narrow trading ranges. Whether or not these short-term lateral channels wind ]]>
</description>
<content:encoded>
	<![CDATA[Thin trading environments and short holiday weeks typically favor the bulls. A festive mood permeates the action, which in turn pushes sellers to the sidelines and gives traders the opportunity to chase after (and often create) small pockets of momentum. Headlines about a military skirmish in the Korean peninsula and widening credit default spreads in Spain and Portugal, however, dominated the action and gave us some unusually choppy action around Thanksgiving. The net result was that the indices have, over the past couple of weeks, carved out some fairly narrow trading ranges. Whether or not these short-term lateral channels wind ]]>
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