I have been gathering data for about two weeks now since the Dow hit its all-time highs. Fund managers are as enthusiastic as ever and the economy seems to be recovering at a nice pace. Now, when everyone gets excited, that is usually the sign of a top. However, this market keeps creeping higher and…
The Dow set a new record today hitting all-time highs. The path of least resistance seems to be higher but we must wait for the confirmation breakout before getting too aggressive. We were positioned well for the big move today but are still in 35% cash should we pullback. Expecting a 5-10% correction from these…
We have our plans set in motion if the market breaks the 20 day moving average. So far, we are holding. We are on the verge of a pivotal move; will hedge with a put option on SPY if we break. Stay tuned for updates or subscribe (free) to get real time access.
I was expecting a pullback in the stock market after failing the 20; I didn’t foresee a 100 point drop into the close. However, when I checked back after 3:00 and saw we dropped 200 points, a strange calm came over me (contrary to popular belief.) Maybe the idea of being in control over the…
Markets retreated this week on concerns about slower global economic growth and on the potential for U.S. monetary policy changes after the newly released Fed minutes. Since the broader averages were up nicely year to date (before the pullback, the S&P 500 was up 6.7%, the Dow Jones Industrial Average was up 7%, and the…
To be disciplined, I initiated a position in Chicago Bridge & Iron on the pullback today. We are treating this stock as a trade to add more leverage to the portfolio. 15% upside, 2% downside, so this risk/reward makes it easy to take our foot off the gas should the overall market continue to fall. We…
The market has had a good run for the last couple of months. However, this is the single largest pullback in a day that I have seen for quite some time. To me this implies posssibly a short-term top is coming, but one can never be sure. So, I am playing the market accordingly: I…
ACCO Brands (ACCO)- Trades at only 6X earnings and has a beta of 3.8. Any company with a beta over one is considered to be a bigger mover. The technicals look promising as well since ACCO is on the 200 day moving average (black line). This makes me enthusiastic about the stock. So, I would…
Facebook (FB) has been hated since its debut. People worried about how the social media company would actually make money. Advertising yes, on pc’s- but not on mobile devices. FB needed to address this problem and, judging by their last quarter, they did. Their revenue last year 0, this year- 1 billion. If Zuckerberg is…
Took gains in UPRO (S&P 500) & MS (Morgan Stanley) after sending out our last alert. We swapped into BlackRock (BLK) because the risk/ reward and dividend (2.8%) was better. They are also a leader in the fast growing ETF (Exchange Traded Fund) business owning nearly half of the market share. Investors, permanately scarred from…
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