Dollar Index Remains Better Bid
After consolidating abobe the 79 level for a while the index finally rallied hard the past two days and by so doing has decoupled its inverse relationship to stocks for now. It's important to keep watching, although at some point the inverse relationship is likely to resume. Whether the dollar index will come down or […]
Bucket 2: New Trade
Just bought some FXE for a quick Bucket 2 trade. The Euro is immediate-term oversold here…time for a little pop
S&P 500 Sectors – Best Bet Into Year-End
With just four short trading weeks left in the year I thought we’d take a look at how the S&P 500 sectors are faring and what they may look like going into year-end. Out of the nine sectors in the S&P 500 that I am tracking using the SPDR Sector ETFs, seven of them are […]
Dollar Holds Clues To Direction Of Equities
One of the key indices I always have front and center on my six screens is the dollar index. The direction of the dollar gives us invaluable clues as to the state of monetary and fiscal policies (or at least the perception thereof) and global risk asset appetites. Allow me to first briefly discuss some […]
Three Stocks To Avoid In October
The month of October tends to have its spooky aspects not only as it relates to All Hallow’s Eve but also in the financial markets. Simply by looking at the monthly absolute changes (both increases and decreases) in the VIX volatility index in October it’s clear that investors are often in for a ride. Positioning […]
Morning Thoughts June 4
Risk was large for sale across the board on Friday with weaker data globally and funding stresses in Europe. Volumes were heavy at 8.3bln shrs (+31% v 5d avg & +18% v 10 & 20d avgs) China PMI weakest in 5mos (Crude -380bp, Copper -131bp, Gold +405bp) * Euro-area unemployment reached record 11% * US […]
Flat SPY
Just covered/bought back my short position in SPY I’ve had open for the past 1.5 weeks. Good trade and my S&P 500 target at 1276 was hit.
Morning Thoughts January 4
It was a quiet but positive start to the year yesterday. Equities opened sharply higher and spend the rest of the day consolidating the big up gap. The bigger picture chart of the S&P 500 shows we are still holding well b elow the broken up-trend. We have room higher…into 1360 or so…but above there […]
Porfolio Holdings January 4
Cash 87% Bucket 2 Symbol Open D Direction Sectors Avg Entry Stop Target 1 FDX 12/16/2011 long Indu 85.1 80 90 MMM 9-Dec long Indu 81.73 77.5 85 SBUX puts 3-Jan long April 45 strike puts Cons Cyc 2.76 Bucket 3 Symbol Open D Direction Sectors Avg Entry Stop Target 1 […]
Transportation Stocks Need To Get Jiggy With It
If the broader market wants to get some more ups in coming days or so we'd need to see the transportation stocks (IYT) to participate. A push above the $91 area may give them some hope for higher levels…watch it please.