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Monthly Archives: April 2012
Orderly Decline; Awaiting Plethora of Data
Today was light on economic data, although some will point to the Chicago Purchasing Managers Index as the reason for the decline in equities. The index fell to 56.2; the lowest reading since September 2009. A reading above 50 indicates … Continue reading
Light Weekend Leads to a Flat Opening
The SPX saw a nearly 50-handle rally last week from Monday’s lows of 1358.79 to Friday’s highs of 1406.64. The weekend news was light and market participants are waiting for a catalyst on either side. There are two key foreign … Continue reading
Posted in Portfolio Strategy
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Slightly Overbought, but Equities Want Higher
Check out the high of the day: 1406.64. Check out my morning post (here) where I noted my Overbought level at 1406. Sometimes it happens that way. The market wants higher, much higher, and will look to interpret any news … Continue reading
Posted in Portfolio Strategy
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In Anticipation of GDP; S&P 500 Strategy
Thursday’s market action was the direct result of a short covering rally: low volume and almost zero news to act as a catalyst either way. The SPX reached above 1400 and is now comfortably above the more significant level of … Continue reading
The Implications of the FOMC Release on April 25, 2012
Over the course of the last year, a third round of quantitative easing was a topic debated by many Fed-watchers as they mulled the status of the U.S. economy. The conclusion was fairly equally divided. Until yesterday. Without suggesting additional … Continue reading
Bernanke Wins Again; Earnings Continue To Beat
Yesterday the SPX gravitated to the 1390 handle I’ve mentioned several times this week. It is no doubt pivotal for both bulls and bears. Equity bears are in the Hurt Locker here; while it won’t be an easy push above … Continue reading
Anecdotal Evidence of Economic Expansion
Land surveying is one of the foremost leading indicators of economic activity. It is a required procedure for most every form of construction. If Target wants to create a new island in their parking lot, it requires a survey. If … Continue reading
After Apple, SPX Futures Higher; Key Levels
Yesterday started out as planned, or at least according to yesterday’s quantitative levels of 1366 / 1377. After opening up flat, the SPX took to higher levels immediately following the 10 AM economic releases–specifically the revision to last month’s New … Continue reading
Posted in Investment, Portfolio Strategy
Tagged dynamic, quantitative, SPX, strategy
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Mixed Data, Mixed Reaction, Awaiting AAPL
The first tick on the SPX today was slightly negative–the low of the day. From there, the SPX made its way to 1375, pausing only briefly in advance of the 10 AM economic releases. Although several indicators came out this … Continue reading
Posted in Analysis, Portfolio Strategy
Tagged Allocation, dynamic, Equities, portfolio, strategy
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The Opportunity Presented Itself; Capitalize
The last four days have been pretty much the opposite of the “two steps forward, one step back” scenario I’ve previously suggested for equities. Yesterday, the SPX dropped below my Oversold condition of 1372 on the open and it was … Continue reading
