Pre Fed Giveback

Gun to my head I think we could go up hard tomorrow as long as Yellen doesn’t make a mess of things, but I have a feeling she wont, and she likes to protect equity values like an eagle protects its newborn. It was a bit of a giveback day for the market today as […]

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Nice Start To The Week

We saw a nice bounce in the market today.  The Fed meets on Wednesday and some shorts covered in front of that event.  We also saw very light volume. so movements get exaggerated. One group that stood out again was biotech. The IBB moved +$8.66 today or 2.5%. XBI was +3.3%. Crude oil pretty much […]

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The Russell Outperforms

The Dow (-0.2%), Nasdaq (-0.2%), and S&P 500 (-0.2%) registered modest losses on Wednesday while the Russell 2000 (+0.6%) outperformed. The small-cap index climbed steadily throughout the afternoon while the S&P 500 spent the day in an 11-point range near its flat line before settling just below its 100-day moving average (2,042). Here’s how the […]

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Shorting Some Energy and Long A Biotech

Markets were modestly higher today, but the Dow Jones led the way.  Volume was very light, but there was some good action in individual names.  Apple revealed its Casio watch today and no one cared. Should I care? I have had it with technology.  Its all become too much. Twitter, Facebook, LinkedIn Tinder, Uber, Snapchat, […]

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