Monthly Archives: May 2012

Record Low Yields on the 10 Year Note

Over the course of the last week, equities continually interacted with the quantitative Overbought levels.  Today’s range is still rather wide–1305 to 1333–and while this might suggest that equities are due for a slight sell off, I would suggest that … Continue reading

Posted in Portfolio Strategy | Leave a comment

Thursday, May 17, 2012 – Morning Brief

If you checked your favorite internet finance site after 4 PM yesterday and saw that the SPX closed lower by 5 points, I think you’ve gotten the wrong impression of what is taking place here.  Let me tell you how … Continue reading

Posted in Portfolio Strategy | Leave a comment

Equities are About to Move Higher

In case you didn’t know, yesterday was the bottom for equities in this cycle.  That is a controversial comment to make given the 50-day low dynamic, the multiple failed rallies yesterday, the sharp sell off at the end of the … Continue reading

Posted in Portfolio Strategy | Leave a comment

This is Unusual: Futures are Higher

I think we’ve been on this ride before:  open down, mid-day rally, late-day sell off.  The Oversold level of 1339 yesterday worked nicely early on as the SPX eventually made its way up 8 handles above but closed out the … Continue reading

Posted in Portfolio Strategy | Leave a comment

Alert: S&P 500 Closes at a 50-Day Low

After toying in the 1340’s over the past several days, the SPX finally flushed out to close at 1338–a 50-day low close.  There has been only one instance in the past five years that the S&P 500 made just one … Continue reading

Posted in Portfolio Strategy | Leave a comment

Ten Year Treasuries Going to 1.70%

Friday’s SPX move once again broke into Overbought territory by nearly 10 points, only to close below 1356.  Today’s Overbought / Oversold levels come in at 1352 and 1339, respectively.  We’ll be close to that 1339 level on the open … Continue reading

Posted in Portfolio Strategy | Leave a comment

JP Morgan Ruined it for the Rest of Us – Morning Brief

As much I thought 1360 was too low as an Overbought level yesterday with futures +11 pre-market, the SPX closed below that after rising as high as 1365.88.  Today’s Overbought level again surprises me at 1356, which is below yesterday’s … Continue reading

Posted in Portfolio Strategy | Leave a comment

Morning Brief – Thursday, May 10, 2012

We did close in Oversold territory yesterday and I think that will be the catalyst the equity bulls will need to push the SPX back to the higher end of their range.  In addition to my analysis last night, the … Continue reading

Posted in Portfolio Strategy | Leave a comment

Accumulation / Distribution Trends of $SPY

What should we make of the last seven market days? Below is an Open-High-Low-Close for $SPY from April 3rd (April 2nd was the 52 week high) through today. This chart looks different than an OHLC chart of the S&P 500 … Continue reading

Posted in Portfolio Strategy | Tagged , , , | Leave a comment

Treasuries Moving Higher – Morning Brief, May 9, 2012

Back in the glory days of early 2012, there wasn’t a single day in which S&P futures indicated a 1% decline.  For the past two days, the SPX went deep into Oversold territory only to settle above.  Today’s quantitative Oversold … Continue reading

Posted in Portfolio Strategy | Leave a comment