Chris Ciovacco | TalkMarkets | Page 23
Registered Investment Advisor (RIA)
Contributor's Links: Ciovacco Capital
Chris Ciovacco is the founder and CEO of Ciovacco Capital Management (CCM), an independent money management firm serving individual investors nationwide. The thoroughly researched and backtested CCM Market Model answers these important questions: (1) How much should we allocate to risk assets? ...more

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Dow Theory: Yellow Flags Or Green Light?
Stock prices have a high correlation to economic activity and earnings. History tells us bear markets are often kicked-off by recessions. Recent economic data does not hint at an imminent recession.
Is A Big Move In Stocks Coming Soon?
The 50-day moving average helps filter out day-to-day volatility in the markets, allowing us to focus on the intermediate-term trend. When the slope of the 50-day starts to flatten out, it tells us the battle between the bulls and bears is relatively even from an intermediate-term perspective.
Fed: The Key Portion Of This Week’s Statement
Like Ben Bernanke, Janet Yellen appears to be a leader in search of consensus. After artificially holding down interest rates and pumping gobs of money into the financial system, the Fed faces the near-impossible task of trying to keep the financial markets fairly tame during a shift in interest.
Want To Reduce Investment Stress?
Retail sales, consumer sentiment, and business inventories are all on deck. For now, we continue to hold U.S. stocks (SPY), a small stake in bonds and and leading sectors, such as technology.
Gold Or Stocks?
Since all investment decisions involve opportunity costs, comparing alternatives head-to-head can help with the development of a short list of buy candidates.
Dollar May Drag Down Emerging Markets
One factor that makes investing such a difficult task is the almost infinite number of inputs impacting the value of any asset. For example, emerging market stocks could be negatively impacted by economic divergences between the United States and Europe. How can that be?
Energy: A Double-Edged Sword For Markets
Oil futures shed 0.7% to $92.66 a barrel, their lowest price since January, amid concerns that demand isn’t keeping pace with booming supply. The pullback knocked shares of energy companies.
What Bears Want To See Friday
If someone gave us Friday’s labor figures during Thursday’s trading session, they may not be that helpful. Even if we had the numbers, it would be very difficult to predict how the market would react to them during Friday’s session.
Stocks: Little Change So Far
After Tuesday’s and Wednesday’s trading sessions, the S&P 500 has dropped less than 3 points this week. Support levels we noted last week remain relevant on the S&P 500’s weekly chart below
Is A Big Pop Coming In Tech Stocks?
Regular readers know we are not big fans of forecasting outcomes in the financial markets. However, assessing investment probabilities based on evidence we have in hand is a value-add exercise.
Economy Vs. Fed Rate Hikes
The bad news is markets tend to get jittery when the Fed is preparing for a new interest rate cycle. The good news is the primary reason the Fed is contemplating raising interest rates is a strengthening U.S. economy.
QE Ending Or Just Getting Started?
While the Federal Reserve has laid out specific plans to end their quantitative easing (QE) program, a new season of QE may be getting ready to kick-off across the pond
Anatomy Of A Stock Market Turn
The good news is the economy appears to be moving away from a tepid state. The bad news is today’s report will spark chatter about the Fed possibly pulling their first rate hike forward.
Rate Hike By June Still Only A 50-50 Bet
If the economy continues to improve, it is not a question of if, but when the Federal Reserve will begin to raise interest rates.
Are U.S. Stocks More Attractive Than Emerging Markets?
Once you invest outside the United States, the impact of currency fluctuations becomes more pronounced.
Have The Charts Been Helpful?
While it is next to impossible to discern what made stocks rally after the Fed minutes were released, we can offer a few plausible explanations
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