MRSI Kicks TLT
As of the first hour of trading it looks like our decision to hold off following the MRSI signal to LONG SPY and QQQ was a smart move. At the same time the MRSI issued a CLOSE (not SHORT) signal on TLT at yesterday’s...
Read MoreAuthor: Jeff Pietsch
Bonds Booming
I mentioned a possible new bond paradigm and today’s action helps build my case. TLT hit 130.61 early today, outpacing the previous June 1 high of 130.38. And, as suspected TBT has fallen off it’s previous support...
Read MoreETF Rewind – Channel Holds | Week 28 | 07.13.12
Last Friday was the polar opposite of the prior week’s, leaving the S&P 500 (SPY) higher by about +0.3%. In the end, it was technically important that the upward trend channel established off the June lows held. Next...
Read MoreEarning Parade
Ok earnings in the banking sector and a matching China GDP got the ball rolling early and buyers jumped on any weakness all day. The long awaited rally finally came as bonds feels a bit toppy, but it also raised the bar for next...
Read MoreRSQ & Volatility
The _Gorilla commented on my choice of words to differentiate between the relative attractiveness of the Qs versus SPY and I admit that my concept of “volatility” is perhaps a bit unique. Volatility is typically...
Read MoreWaiting for a Rally
Bond yield continue to drop and equity continued the late bounce back pattern. We have key earnings from WFC and JPM before the open tomorrow. While we are down 6 days in a row, we are one good down day away from turning the...
Read MoreExploring Bond Safety
With TBT breaking below 15 we may be looking at a new bond paradigm and the next few days require close attention for risk savvy traders (and investors). The simple chart above shows yearly data for TLT (shaded area) versus the...
Read MoreRisk Decomposition: Marginal vs Risk Contributions
In today’s environment more than ever, risk attribution is becoming critical to understanding portfolio composition. It is more important to understand how much risk we are effectively betting on a given position as it is...
Read MoreTLT VIXEN Soars
TBT did break 15 and TLT continues to churn higher. Short term the TLT Vixen divergent pattern set up on June 5th for a new leg up on TLT, which is where we are today. It was funny to listen to Bill Gross on CNBC today after the...
Read MoreDouble Whammy
AMAT warning helped to pressure the technology sector after a strong open on the Spain bank recapitalization news. AAPL reversed early in the morning, INTC lost its 200 day moving average and IBM closed below key support at...
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