Correlation whaaat?
The Transports – A Chart To Watch
The transports are often a leading indicator we focus on. Right now they are at resistance of the 200 simple moving average as indicated by the IYT etf. A solid move above there, coupled with a lower dollar should pop equties higher still.
Quick Mid-Day Update
It's more or less the 6th day in a row now where equities open higher and just do the sideways shuffle. It's boring and not worth trading. For bucket 1 we still think today-s up-gap may fill..i.e. to the closing levels from last Friday, in the S&P 500. Transports, the oil services, oil itself, and […]
Monster-Gaps Update
the 15 minute chart of the S&P 500 futures shows it all…some of this gappage has to fill before we push higher:
Portfolio Holdings Monday Dec 5
Between 90% and 95% cash currently Bucket 2: Symbol Open D Direction Sectors Avg Entry Stop Target 1 Target 2 WYNN 31-Oct short cons cyc 133.13 141 128 as low as 90 SPY 30-Nov short index 124.91 Bucket 3: Symbol Open D Direction […]
Morning Thoughts December 5
Good Morning As usual each Monday please also refer to the free weekly newsletter, which presumably all of you subscribed to. Last week’s massive rally in equities brought the S&P 500 up to the downtrend since July where it may find some resistance before ultimately having a good chance to head higher into the 1300 […]
Buy Wish-List
Our buy wish list for next week – should we get a buyable pullback: SPY, OIH, APKT, CAT, MMM