Some Perspective via the Weekly Major Index Charts
As we reach the halfway point of June 2013, let’s pull back the perspective on the “Big Three” US Equity Indexes (Dow Jones, SP500, and NASDAQ) to get a sense of the primary and intermediate trends along with the current reference levels for strategy and trade planning. We’ll start with the SP500 ‘Bull Market’ chart from the March 2009 low to present: From ...
Navigating A Fed-Dependent Market
Experienced traders and investors respect and understand the concept of “Don’t fight the Fed”. The basic rationale behind the expression is that when the Fed is printing money, the odds are tilted in the bulls’ favor. Conversely, when the Fed is tightening policy, bearish odds begin to pick up. What Fight Are We Trying To Avoid? One of the most frustrating ...
Dual Upside Projection Target for Apple AAPL and Levels to Watch
Apple (AAPL) stock on a charting basis rests near a major inflection point that is worth our attention. Depending on what happens at the current price levels, we will be looking for a movement up to a dual-indicator projection target or else lower for a retest of the prior low. Let’s update our Apple analysis game-planning and focus on the key inflection level, ...
Is A Fed Tapering Correction Around Corner?
The next formal policy statement from the Federal Reserve could prove to be unfriendly to the current stock rally. Based on history, it is reasonable to state Jon Hilsenrath of the Wall Street Journal (WSJ) is plugged into the Fed. From a Hilsenrath WSJ story dated June 7: Federal Reserve officials are likely to signal at their June policy meeting that they’re ...
3 ETF Categories Correct 10% Or More
A fellow money manager recently tweeted, “I’m praying for bad econ news so that the Fed will keep buying bonds. I don’t know what else to pray for.” I felt the writer’s pseudo-pain and promptly bit down on my lower lip. After all, think about what we celebrate in the investment universe today. We want the economy to sputter or meander, just so our ...
Has The Strong Bounce Worked Off The Upside Edge?
After being strongly oversold the market has bounced back quite nicely the last 1½ days. The effect has basically been to work off the oversold condition and leave several indices just a little above their 10-day moving averages. In other words, it has been a quick trip from near-panic to fairly neutral. Had the reversal not been so strong then the current ...
Is This a Tipping Point?
Each week I consider the upcoming calendar and the current market, predicting the main theme we should expect. This step is an important part of my trading preparation and planning. It takes more hours than you can imagine. My record is pretty good, with recent topics including Fedspeak, increased volatility, and a focus on interest rates – all very accurate. Sometimes ...
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Does Diversifying ETFs Across the Asset Classes Cause Portfolio Abuse?
Some Perspective via the Weekly Major Index Charts
Dollar Strengthens, Stocks Soar as Traders Position for FOMC
Will the Fed Change Course?
Navigating A Fed-Dependent Market
6/17/13 Swiss Franc –Play a Retracement
Are US Investors in Denial?
Wondering If Stock ETFs Can Handle the Summertime Heat? Track the Japanese Yen
6/12/13 Aussie dollar – OYE…OYE…OYE
6/11/13 NOB Spread – A Contrarian Play
Gary Gordon: Does Diversifying ETFs Across the Asset Classes Cause Portfolio Abuse? http://t.co/bwPYHMSW8G #mkt #etf $$ 9:29 PM Jun 11, 2013
Dan Rosenblum: @adamfeuerstein @dsobek they are approved in Scotland were approved on 5/10 this is Wales 6:55 PM Jun 11, 2013
Dan Rosenblum: sorry I was wrong the $VRTX news is new I confused Wales and Scotland 6:53 PM Jun 11, 2013
Bob Lang: 16.5 on the $VIX for a bull charge into the close, up to 17 and higher the market tanks ---with the violence on the news going to tough 6:40 PM Jun 11, 2013
