Category Archives: Hot Stocks

Distribution Is In Progress

Since the January low, the market rallied as if the coronavius is nothing to be concerned about even with the ever increasing number of deaths and infected patients in China.  Finally Apple came out warned the virus impacting the supply chain and sales in China.  The reaction to Apple’s warning was muted, only 

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Opportunity or Something Else?

Last Friday the entire world woke up to the news that the US killed a top Iranian military commander in airstrike in Iraq.  The futures fell hard initially overnight, but recovered half of the loss by the time the market opened on Friday morning.  The market chopped around on Friday without significant selling pressure. 

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FOMO Is In Motion

All three indices closed at a fresh all time high on the same day last Friday!  A vague promise from the White House about the pending signage of the phase one trade agreement pumped the market to make a blue sky breakout!  We have been here before in the last 20 months during the trade war

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Risk On!

Last Thursday the 10-year treasury yield took out the September swing high of 1.903% and closed above it on a weekly basis.  So from the yield perspective, this is a risk on environment, money will be forced to flow out of the safe haven into equities.  The defensive sectors (XLU, XLP and XLRE) were promptly sold off to form a weekly cycle high.

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More Signs of the Resumption of the Bull Market

Last week the S&P 500 cash index closed a hair below the all the time of 3025.86.  No one can argue the strength of the price action.  It is climbing a huge wall of worry and repeatedly dispelled the worries of an imminent recession that have dominated the media.  We came to this conclusion by examining the internals of the market.

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