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…
Here are the tickers making noise on StockTwits I haven’t liked AAPL for months, and only price will convince me this isn’t a terrible company. Damn cognitive dissonance… my psychology continues to work against me because I think oil is cheap, but there is no evidence of a trend change. FMCN appears to be in…
On final chart post for this weekend. My NASDAQ indicator keeps printing X’s signaling lower volatility and more bullish stocks. The intervention I was looking for here is underway. Don’t fight the BOJ until you see another X printed. Gold and precious metals like silver continue to put in nice uptrend work. This remains the…
A few things to watch this week. Even though the dollar has had a bounce, US bonds are still under performing global ones. India looks poised to make a run with this second Bollinger violation. The defense sector is making a break. Guess we’re gonna need a war to end the recession. My TRAN indicator…
I was browsing here when I decided to start this column. I’m going to track 5 uncorrelated ETF’s with the premise that a combination of them will yield better risk adjusted returns than the SP500. Till I can find a better proxy, DBC will serve as my commodities aggregate, even if it is oil heavy….
Here are the ticks making noise on StockTwits ARTC looks like it is headed to 0, but I would cover some shorts on that volume. Hawaii Trader had the scoop on the short here. As I mentioned here, CPB and consumer staples will lag the market’s inflation bounce. FAS and FAZ were both DOWN by…
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…
LQD has been good to me, so why not move down the quality ladder for higher yield? I’m kicking myself for being too lazy to post this chart last night. The large volume in high yield corporate debt suggests that risk sentiments are changing. If you like high yield, here is a ton of rising…
Stocks buzzing on StockTwits.com The high volume suggests accumulation, so I like small long positions and extreme caution. Stockcharts.com isn’t showing me any volume, but the trend looks good for the bulls. These 3x’s are a disciplined day traders dream, and an investors nightmare. N00bs beware. I’ve felt RIMM was a dog for quite some…
It has been a wild week thus far, here are some internals. Banks are back into a bullish position, goddamn whiplash got me. There was a new X made in my primary market indicator, which is a great sign for equities. Risks are still high, but if the dollar continues to fall, this should continue…