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  1. Unsinkable?

    Another choppy day, but the market managed to close modestly higher nonetheless.

    This market has had several opportunities to sell-off this week and yet the bears have been almost a none factor. It could be the seasonality coupled with the notion that the Fed has our backs. We've also been advancing for some time now too, so turning this market lower for more than a short term drop could take time. If that's what's going on than we may be building a complex top. But I'm not necessarily ...

    Updated 12-10-2010 at 03:33 AM by coolhand (Changed BPCOMPQ from sell to buy)

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  2. Something's Not Right

    It was a relatively quiet day with little data or news to drive the market and it was evident in the day's action. Stocks chopped around most of the day before closing mixed with the S&P and EAFE (I fund) posting a modest gain, while the Wilshire 4500 (S fund) closed with a modest loss. The F fund experienced more selling pressure and closed down 0.48%.

    In fact, the yield on the 10-year Note hit a six-month high of almost 3.33% before closing the session at 3.24%.

    ...
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  3. Now What

    It was looking good for the bulls early on as news of extended tax cuts sent the market to new two-year highs, but selling pressure was present throughout the day although it didn't take its toll until the final hour trading. At the close, the broader market ended the session mixed overall.

    It was that final hour of trading that saw the dollar hit its high of the day and eventually close with a gain of 0.3%. The dollar had been up as much as 0.6%.

    There wasn't much ...
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  4. Getting Warmer

    It was a choppy trading day to start the new week, but the upward bias was still in evidence as stocks began the session lower and chopped their way modestly higher before some late selling pressure ended the trading day in mixed fashion.

    The dollar reversed its recent decline and ended the day down about 0.3%. The pressure was attributed to Fed Chairman Bernanke's weekend interview where he stated the Fed might consider further stimulus if necessary.

    I suppose the ...

    Updated 12-06-2010 at 04:52 PM by coolhand

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  5. Weekly Sentiment Update

    Our sentiment survey remains on a buy and the tracker charts confirm an upwardly bullish bias. Here's the charts:

    Profit Taking Tuesday????-2010-fund-allocation-~-top-50-chart-3-jpg
    Profit Taking Tuesday????-2010-cash-stock-exp-~-top-50-chart-1-jpg

    Not much has changed. Very little bond exposure, and the S fund continues to be the fund of choice.

    Profit Taking Tuesday????-total-fund-allocation-chart-3-jpg
    Profit Taking Tuesday????-2010-cash-stock-total-exp-chart-1-jpg

    Bit of a rise in stock exposure for this week, but still plenty of cash on the sidelines.

    Technically, the ...

    Updated 12-05-2010 at 12:11 PM by coolhand

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S&P 500 (C fund)
[Chart]
Dow Completion (S fund)
[Chart]
EFA (I fund)
[Chart]
Bonds (F fund)
[Chart]