Category: BXM

Stocks ‘N’ Bonds

A few things to watch in the coming week. Despite today’s pullback, my primary indicator remains bullish, so I’m buying the dip. The SPX buy write is lagging the underlying index, so the bulls are looking good for now. The spread between equities and bonds looks ready for a breakout, potentially to the upper Bollinger….


Tuesday’s Tidbits

Hooray, an up day! Here are some things to consider. My bullish SPX indicator lives to see another day, perhaps it’ll make a new X by the week’s end. FINALLY, the BXM/SPX spread is heading lower, and that is a sign of more aggressive risk taking which is good for equities. Due to the overbought…


Digesting Indecision

Not much action in the equities market this week. According to my indicator, the SPX has managed to stay bullish, but it is very close to resuming a downtrend. The buywrite/index spread is rising (bearish), but it is in a resistance area, and any turn around would be bullish.   The NAMO has turned positive,…


Market Makeup

A rundown of various market themes for tomorrow’s trade. Despite the hefty haircut in the QQQQ’s, my NASDAQ indicator is still bullish. Buy the dip is still in play until I see some O’s, but I’m taking very small positions. The BXM/SPX ratio is bearish as long as it is printing X’s. Nevertheless, it is…


Internal Investigation

A few ratios to discern the state of the market. My NASDAQ indicator printed a new X today despite today’s fall. Lower volatility is bullish. The BXM:SPX ratio is banging against the 10sma again, hopefully it will act as resistance and the spread will turn around (bullish). The continuing fall in Treasury yields is quite…


Ratio Roundup

My indicator was down today, but not broken. One sector is in critical danger. The financial sector made a new O today, indicating an increasingly volatile and bearish environment. The buywrite/index ratio is rising (bearish), but it approaching a falling 10sma (bullish). This breakout in the HUI/GOLD is bullish for gold stocks, so I’m buying…


Tale Of The Tape

This market continues to exhibit an upward bias, so keep buying the dip. Risks remain high. The markets haven’t looked this bullish and stable since Obama was elected. The spread between Buywrite and Buy ‘N’ Hold indexes made a new low and violated the lower Bollinger Band, signaling a potential trend change. The falling spread…


Ratios to Reason

The Buywrite Index has been crushing Buy ‘N’ Hold strategies for months. Will the BXM:SPX ratio find resistance @ the 10sma? Gold miners haven’t lost much ground to gold, which I interpret as a bullish signal. Long LSC and short commodities is one of the best strategies I can see. Up almost 20% since this…