A Warning to Stock Investors (Part I)

I know it doesn’t feel right, with the Dow breaking through 18,000 this week and oil prices stalwartly holding, but I think it would be wise to tread cautiously here. Stocks have a variety of factors in play, some more important than others. With this report, I want to discuss one important fundamental support that I believe is cracking. Oil price conviction could be tested near-term. The failure of petroleum producers to coordinate a production freeze threatens to morph into a greater battle for market share that includes increased production. Also, I expect the European economy to deteriorate due to extraordinary costs upon it now, and that to pressure oil prices as well. If the support of stable to rising oil prices is removed from under stocks, old concerns about lender risk and economic impact should come back into U.S. investor focus. History has shown us that such a focus is not good for stocks. See the full story at A Stark Warning to Stock Investors (Part I).

Security Sector	04-20-16
SPDR S&P 500 (NYSE: SPY)	+0.1%
SPDR Dow Jones (NYSE: DIA)	+0.2%
PowerShares QQQ (Nasdaq: QQQ)	+0.1%
iShares Russell 2000 (NYSE: IWM)	+0.2%
Vanguard Total Stock Market (NYSE: VTI)	+0.1%
Financial Select Sector SPDR (NYSE: XLF)	+0.8%
Technology Select Sector SPDR (Nasdaq: XLK)	+0.2%
Energy Select Sector SPDR (NYSE: XLE)	+0.9%
Health Care Select Sector SPDR (NYSE: XLV)	+0.5%
Consumer Discretionary Select Sector SPDR (NYSE:  XLY)	+0.1%
Consumer Staples Select Sector SPDR (NYSE: XLP)	-1.4%
Utilities Select Sector SPDR (NYSE: XLU)	-2.5%
Materials Select Sector SPDR (NYSE: XLB)	-0.3%
Industrial Select Sector SPDR (NYSE: XLI)	-0.2%
iPath S&P 500 VIX ST Futures (NYSE: VXX)	+0.5%
SPDR Gold Trust (NYSE: GLD)	-0.5%
United States Oil (NYSE: USO)	+3.1%

DISCLOSURE: Kaminis is short USO. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in SPDR Dow Jones Industrial Average (NYSE: DIA), SPDR S&P 500 (NYSE: SPY), PowerShares QQQ Trust (Nasdaq: QQQ), ProShares Short Dow 30 (NYSE: DOG), ProShares Ultra Short S&P 500 (NYSE: SDS), ProShares Ultra QQQ (NYSE: QLD), NYSE Euronext (NYSE: NYX), The NASDAQ OMX Group (Nasdaq: NDAQ), Intercontinental Exchange (NYSE: ICE), E*Trade Financial (Nasdaq: ETFC), Charles Schwab (Nasdaq: SCHW), Asset Acceptance Capital (Nasdaq: AACC), Affiliated Managers (NYSE: AMG), Ameriprise Financial (NYSE: AMP), TD Ameritrade (Nasdaq: AMTD), BGC Partners (Nasdaq: BGCP), Bank of New York Mellon (NYSE: BK), BlackRock (NYSE: BLK), CIT Group (NYSE: CIT), Calamos Asset Management (Nasdaq: CLMS), CME Group (NYSE: CME), Cohn & Steers (NYSE: CNS), Cowen Group (Nasdaq: COWN), Diamond Hill Investment (Nasdaq: DHIL), Dollar Financial (Nasdaq: DLLR), Duff & Phelps (Nasdaq: DUF), Encore Capital (Nasdaq: ECPG), Edelman Financial (Nasdaq: EF), Equifax (NYSE: EFX), Epoch (Nasdaq: EPHC), Evercore Partners (NYSE: EVR), EXCorp. (Nasdaq: EZPW), FBR Capital Markets (Nasdaq: FBCM), First Cash Financial (Nasdaq: FCFS), Federated Investors (NYSE: FII), First Marblehead (NYSE: FMD), Fidelity National Financial (NYSE: FNF), Financial Engines (Nasdaq: FNGN), FXCM (Nasdaq: FXCM), Gamco Investors (NYSE: GBL), GAIN Capital (Nasdaq: GCAP), Green Dot (Nasdaq: GDOT), GFI Group (Nasdaq: GFIG), Greenhill (NYSE: GHL), Gleacher (Nasdaq: GLCH), Goldman Sachs (NYSE: GS), Interactive Brokers (Nasdaq: IBKR), INTL FCStone (Nasdaq: INTL), Intersections (Nasdaq: INTX), Investment Technology (NYSE: ITG), Invesco (NYSE: IVZ), Jefferies (NYSE: JEF), JMP Group (NYSE: JMP), Janus Capital (NYSE: JNS), KBW (NYSE: KBW), Knight Capital (NYSE: KCG), Lazard (NYSE: LAZ), Legg Mason (NYSE: LM), LPL Investment (Nasdaq: LPLA), Ladenburg Thalmann (AMEX: LTS), Mastercard (NYSE: MA), Moody’s (NYSE: MCO), MF Global (NYSE: MF), Moneygram (NYSE: MGI), MarketAxess (Nasdaq: MKTX), Marlin Business Services (Nasdaq: MRLN), Morgan Stanley (NYSE: MS), MSCI (Nasdaq: MSCI), MGIC Investment (NYSE: MTG), NewStar Financial (Nasdaq: NEWS), National Financial Partners (NYSE: NFP), Nelnet (NYSE: NNI), Northern Trust (Nasdaq: NTRS), NetSpend (Nasdaq: NTSP), Ocwen Financial (NYSE: OCN), Oppenheimer (NYSE: OPY), optionsXpress (Nasdaq: OXPS), PICO (Nasdaq: PICO), Piper Jaffray (NYSE: PJC), PMI Group (NYSE: PMI), Penson Worldwide (Nasdaq: PNSN), Portfolio Recovery (Nasdaq: PRAA), Raymond James (NYSE: RJF), SEI Investments (Nasdaq: SEIC), Stifel Financial (NYSE: SF), Safeguard Scientifics (NYSE: SFE), State Street (NYSE: STT), SWS (NYSE: SWS), T. Rowe Price (Nasdaq: TROW), Visa (NYSE: V) and Virtus Investment Partners (Nasdaq: VRTS).