DBA DBC Skew
Here’s a little update on the DBC DBA pair trade that I’ve mentioned previously. Currently LONG DBA this trade has a super smooth equity curve … expected with an 95% linearity. The incremental P&L is just...
Read MoreAuthor: Jeff Pietsch
10.28.11 – Range Day so Far
Range days have had a way of breaking out in the late afternoon session…. Nevertheless, it’s bullish to see stability above the 200-day for...
Read MoreRefusing to Chase
Obviously at this point, the market is extended and in need of some consolidation. A big supply of traders is missing out and will act as potential dip buyers. We have also recapture the 200 ma and will likely draw in more money...
Read MoreClear Sailing for Stocks?
Looks like long-term money is coming back in on the 200-day technical trigger. Obviously short covering too, but do note highest volume since...
Read MoreEurope Not Saved Rally
The S&P 500 tested the old resistance, now support on the SPX at 1221, and bounced hard. Industrials, refiners and banks held in well. Tonight we get more info out of Europe . The longer we hold above 1190-1210 on the...
Read More10.26.11 – VWAP Bound
Internals holding positive… Note the power of those three large volume peaks as the market seeks price discovery: Resistive/ Supportive/ Resistive/ Oscillating to VWAP
Read MoreAmazon No Longer Amazing
Today’s drop was refreshing after the endless run up, but I wouldn’t be surprised to see 1216-1228 on the SPX to get retested which was the previous resistance of the old range. Time wise, we can use a few more days...
Read MoreFeeling Dangerous
The market continued to drift up today on weak volume. So far earnings are ok and we are a day and half away from a Europe resolution. Our government is also rumored to announce some plan to help housing this week as well....
Read More10.24.11 – Very Strong Accumulative Tick
Intra-day resistance at SPY $125.50, but bulls are likely encouraged by markets back to break-even on the year and sub-30...
Read MoreEEM Recovery
Following Friday’s positive comments on GDX, it’s blowing the doors off today. Go GDX!!!. This should be a quick ride up to the 58 region..all things being equal. The real story is EEM, which is finally showing...
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