Month End Buying Kicked In
Yesterday I mentioned the market was slightly oversold and due for a bounce. The traditional month end bias of institutional buying kicked in and unless something out of the ordinary triggers the path of least resistance remains higher. For a free trial to the Daily Battle Plan, click here!
Hedge Fund Rebalancing Sell-off
The word is that yesterday’s substantial sell-off in the higher volatility, high momentum stocks were hedge funds re-balancing their portfolios volatility. Because VIX has moved from 11-12 all the way up to as high as 16 yesterday, the avg. fund has taken on too much intended risk/volatility and the adjustment brings then in-line with where […]
End-of-Month Upward Bias Expected
Today the market is slightly oversold. The week is entering the traditional end of the month upward bias so unless something out of the ordinary occurs, there will be buying coming in during the week. For a free trial to the Daily Battle Plan, click here!
Bull Market Shrugs Off Bad News
It was very good to see the market move higher yesterday while shorter-term bond positions got unwound. Such resiliency is what we saw in 2013. Either the Fed is playing a role in this or all the cash that has been printed for five years is still coming into play (or it’s a combination of […]
Volatility Indexes Moved Lower Ahead of Fed
It’s not often you see the volatility indexes move lower a few hours ahead of a Fed Announcement but that’s exactly what happened yesterday. That, along with bond prices dropping and the market having a two day run, was basically an all-in bet that Yellen would continue to reward investors on any announcement or speech […]
Markets Anticipating Fed Statement
The market rose yesterday in anticipation of Janet Yellen speaking along with today’s Fed statement. The last two times she spoke, the market went much higher. Therefore because it happened twice it must surely happen again and again so there was lots of buying to be had in anticipation of the next payday. The market […]
Monday’s Rally was a Good Move from Oversold
Yesterday I mentioned that the market should rally over the next 1-3 days. Monday’s rally was a good move from oversold conditions. Many country fund ETFs are more now overbought but they are healthy bull market overbought. A pause can be expected for a day or so and then a follow through would be a […]
Market Rally Expected
Many of the smaller more volatile companies along with the most oversold country fund ETFs rallied Friday and they likely tipped their hand that Sunday’s vote was already factored into prices. Today the major indexes like SPY and DIA, and a number of larger companies are very oversold. Unless Russia is perceived of doing something […]
As Goes Russia So Goes the World
There’s lots of fear out there coming into today and as Russia moves, the global markets will move. As you can see from the way the country fund ETFs are acting, the myth of global diversification is just that; a myth. Any hint of economic or geo-political risk tends to crush global markets and it’s […]
Selling Pressure from Around the World
The market remains oversold and the short term edges are to the upside. There’s still a lot of selling pressure from around the world and should this selling stop, the global markets could see a sharp bear market rally. For a free trial to the Daily Battle Plan, click here!
US Indices Succumbed to the Selling
The major US indexes finally succumbed to the selling which has been prevalent in many sector and country fund ETFs. The market is now oversold and scaling into long index positions is where the greatest edges are today. Today’s Potential Opportunities on Further Pullbacks: Stocks COL ETFs DIA For a free trial to the Daily […]
S&P at a Stand-Still
The S&P is at a stand-still but many sector and country fund ETFs are now oversold. Any pullback in the major indices should be viewed as an opportunity to buy.