Market Neutral Awaiting a Pulback
If you’ve followed the Daily Battle Plan for some time, you know that yesterday is the traditional pause day after a large one day upward move. What surprised me is the way many of the ETFs that began down trending last month like Brazil (EWZ) and Real Estate (IYR and ICF) reversed their Wednesday gains […]
Tapering Lite Triggered Buying Spree
As we have been seen over the past weeks, there was a large buildup in protection being bought as the VIX rose over 25% from its late November lows. Once “Tapering Lite” was announced yesterday and surprised most of the market, the protection was rapidly unwound and the buying spree was triggered. As things stand […]
A Gradual Unwinding in Anticipation …
If you look at the number of days the market has been down vs. up over the past 3-4 weeks, you’ll see a gradual unwinding of equity positions as many larger asset firms have begun anticipating the slowing of funds from the Fed. The VIX again reached its highest level in two months so you […]
Will the Easing Continue?
Monday was a good rally from oversold conditions and the market is now back to neutral territory. With VIX rising again and closing at its highest level since October, there’s a lot of protection in place for this week’s Feds announcement. Any sign that the easing will continue has the potential to push prices significantly […]
All Eyes on the FED…
The market remains oversold and due for a bounce. With all eyes of the FED announcement this week, the likelihood of an outsized move has increased. Today’s Potential Opportunities on Further Pullbacks: Stocks BRS ETFs QQQ For today’s official Daily Battle Plan set-ups click here. Making You a Better Trader To improve, you must continuously learn… […]
Market Due for a Bounce…
The market is obviously oversold and due for a bounce. Yesterday volatility, especially VXST barely moved and that is usually (not always) a sign that a rally is very close. For a free trial to the Daily Battle Plan, click here!
SPY Down, VIX Jumps
Wednesday was only the 18th day in 2013 that SPY lost more than 1%. The VIX jumped over 10% and VXST (9 day volatility) spiked over 20% which is an exceptional one day move. It appears that the panic button was hit on Monday as protection is being purchased ahead of the December 18th Fed […]
VXST Spikes Again
Tuesday was the second day in a row that VXST (9 day volatility) had a spike and this time it was even larger than Monday’s spike. This movement in VXST is nearly identical to the movement seen ahead of last week’s downward move followed by Friday’s rally. This type of buying of short term protection […]
Not Your Typical Russell Response
Monday was a typical bull market follow through day for the S&P after Friday’s rally. What was not typical was the muted response in the Russell and the 5% spike in VXST (9 day volatility). At this point no one in the mutual fund industry is going to risk giving up big gains for the […]
Perfect Rally From Oversold
Friday was the perfect rally from oversold conditions and the bull market marches on. For those of you who took the signals from the Daily Battle Plan Model Portfolio, you should have locked in your gains on Friday’s close. Overall there are few edges either way and we’ll wait until larger edges appear. For a […]
As the Jobs Report Goes…
This is being written on Thursday evening ahead of the jobs report. Based on the way the market has behaved this week, on top of the fact that volatility began moving higher late last week while the overall market was still rising, it’s become obvious that someone believes they have knowledge about the report that’s […]
VIX Spiked & Plunged…
The market remains oversold. The VIX spiked and then plunged from its highs in the afternoon which is always a good sign of capitulation ahead of a rally. There are still many stocks with extremely low RSI readings and any type of good news is likely going to lead to a resumption of the bull […]