Still Rotating

I wrote a piece a couple of weeks ago about sector rotation. I threw out the idea that when we do correct, it may be a shallow and probably a very buyable pullback. I addressed the idea that we just might not see that 8-10% correction that everybody thinks.  I thought we might see more […]

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The Wrap 3/27/12

{+++} Choppy day. The gains from yesterday needed to be digested. A massive follow through day would have been nice, but the bulls looked weak at the end. I was long all day, it took a long time to build gains for me, but the S&P topped at around 3:20 PM and some profits were […]

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Still On Training Wheels

464 0f 500 S&P stocks rose yesterday, It was broad based, excellent breadth, but as usual, volume lacked. A win is a win and just like in sports, you can win ugly. The Bernank chirped more “accomodative” language yesterday and that’s all that matters. I guess he feels the economy can’t ride on two wheels […]

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The Wrap 3/26/12

{+++} Well it looks like I may be a little right so far. The end of quarter window dressing is in full swing as under invested portfolio mangers and hedge funds stepped over each other to buy stock today. Hopefully it can continue with a big follow through day tomorrow. Technology was very strong today […]

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TVIX and Pissed

You can click on the above chart to magnify the image (and the pain) if you were long this broken, twisted, poorly managed ETN by Credit Suisse. ETF’s (let’s be clear that this is an ETN) make gobs of money, there is a new one every day it seems. Wanna be short gefilte fish or […]

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The Wrap 3/21/12

{+++} “I’ve failed over and over and over again in my life and that is why I succeed”. -Michael Jordan The market continues to chop around, but it chops around above the 1400 level which tells me the bulls don’t want to let go just yet. You guys know I’m positive over the short term, […]

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The Wrap 3/20/12

{+++} The S&P tagged 1414 even yesterday and backed off a little today, but the NDX (nasdaq 100) managed to tag another new high, with late help from AAPL. GOOG and AMZN also helped the cause of the Nazzy today and AMZN had a high volume breakout of its downtrend line on the daily chart. […]

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The Wrap 3/19/12

{+++} Well AAPL raised their dividend and announced a stock buyback and the stock closed above 600 for the first time ever.  The steel stocks did well, but the Nasdaq led the charge, aided by AAPL & GOOG. The financials took a breather but were still up a 1/2%. We saw a lot of triggers […]

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