Author: Jeff Pietsch
Portfolio Trader ~ Week 48 / 2011
Last week the portfolio saw a decrease in overall portfolio equity (-1.4%) due to severe weakness in major markets (SPY -4.6%). Fortunately TLT protected us somewhat from the overall market weakness. Furthermore some of the...
Read MoreSellers in Charge
After six straight day of losses, the sellers remained in charge and we closed weak again today. We started off with a small bounce after the weak open, but the downgrade of Belgium debt by S&P and Fitch in the last hour of...
Read MoreLooking for a Catalyst
No bulls wanted to step in on one of the lightest volume days and risk Holiday surprises. Last year we had Dubai , and this morning’s poor German bond auction reignited that fear. We are again very oversold but as we have...
Read MoreDisappointing Action
We bounced at the open and again on news of another European rescue plan, but both attempt fizzled fast. Even some dovish comments in the Fed minutes didn’t produce a reaction. To add insult to injury, the Federal Reserve...
Read More11.22.11 – Euro Credit Card Preapproved?
Well, the headline picked price up off the 50% retrace mat at just the right time anyhow. Like magic, no Internals remain negative on the day but Tick is holding the zero line for the moment and VIX is down on the day,...
Read MoreCalling Pete the Bull
The bulls needed to hold technical support of around 1207 on the S&P 500 and they failed. The failure of the U.S. congressional super committee and the constant headlines about issues in Europe just were too much for this...
Read MoreSPY Approaches TrendX Support
Daily bars on the SPY shown above as of mid day today and technically we’re almost in a bull bias mode but…and there’s a big BUT, it’s hard to fathom what white rabbit is going to pop out if the hat to...
Read More11.21.11 – Looking for a Higher Low…
But hey, these internals are gruesome. Did I say these internals are gruesome 50% retrace is at low- to mid- SPY $118 and tomorrow marks the beginning of potential positive seasonality. Meanwhile, that 50-day breach will not be...
Read MorePortfolio Trader ~ Week 47 / 2011
Last week the portfolio saw a decrease in overall portfolio equity (-2.6%) due to severe weakness in major markets (SPY -3.7%). Fortunately TLT protected us somewhat from the overall market weakness. Unfortunately GLD showed...
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