Monthly Archives: July 2013
Following FOMC
Sit down and strap in folks. The Fed’s about to flex its muscles and decide which investors will see their account balances grow. The question is, do you want exposure to equities or to the dollar? You’ve got a 50% shot of raking big gains. And leave that pansy beta-neutral garbage at the door. It’s […]
One Foot in Front of the Other
Guess what? Accommodative monetary policies won’t be around for much longer. Everyone knows it. The big question is…can Bernanke (or whoever happens to be holding the reigns) bring us down for a safe landing – without a debilitating sell-off? If the records being shattered by the major indices feel hollow – it’s because they are. […]
I Like Today’s Losses
Despite positive consumer sentiment, the markets have hit a bit of a sell-off today. I do welcome this slight reversion towards the mean, and I’ll tell you why. As I wrote yesterday, there is a decent percentage chance that next week will outline definitive taper-sentiment. What does this mean? It is pretty clear that market-wide […]
Avoiding Reality
The markets have been on an extended vacation as of late. Equities managed to squeeze out some gains at the end of trading today. The major indices even won battles with each of their respective 10-day moving averages. Despite losses early on amidst mixed earnings reports, everyone got to leave the theater grinning – high-fives […]
A Little Fear Ain’t So Bad
I just read an article by Kaitlyn Kiernan at the WSJ about the VIX’s current non-existence. By her words, “Fear has left the building”. Indeed, a look at the drop in the VIX confirms this notion – the Volatility Index recently sank to its lowest level in more than three months, dropping 2% to 12.19 […]
Who Turned the Risk Off?
Home sales had a noticeable miss today, and home builder stocks were down across the board. ETF $XHB is sitting at just under $30.70, although it did fare better than $ITB. The lesser of the two (IMO) fell by 1.2%. The fact that the 5.08 million current annual sales-rate is still 15% higher than last […]
Switching It Up
I’m going to be changing-up how this blog is written soon. The main goal from the start was for this page to primarily be a personal trading journal, mixed in with little tidbits of market commentary. As luck (or misfortune) would have it, my financial situation has prevented me from putting any additional money into […]
Can We Keep Climbing?
The week’s coming to an end, and the broader market has been on an absolute tear. The main indices are making record closes left and right, with the Dow adding 1000 points in just 17 days. This is no doubt a liquidity driven rally. After all, the fundamentals haven’t changed at all. I currently have […]
Breaching Defenses
I’ll make this short and sweet. Here’s a few potential near-term breakout charts I’m watching. Each has the potential to run: $CROX: I’m looking for what should be an end to its current sideways movement and then a breakout at just under the $18 level. It’s the only one on the list that hovers right […]
Parsing Through Mediocre Data
Retail sales weren’t anything to shout about yesterday. The diminutive 0.4% increase was driven only by a 1.8% increase in auto-purchases. This stall in momentum definitely raises questions about overall economic growth – especially on the heels of slow-down talk during the Fed meeting last week. However, if the Russell 2000’s ascension is anything to […]
CentricFringe 