H&S and curve balls - We saw more upside action on Thursday, following up on Wednesday's big rally. The Dow was up 52-points on the day as the pre-holiday positive seasonality held up... Market Commentary for 4/25/11 Current Daily Market Commentary
After last week's bullish ramp up in the Tracker charts, I was anticipating some profit taking last week would drop those bullish levels a bit. And they did. Let's take a look.
Last week total G fund holdings for the Top 50 were sitting at 21.12%. For this week, total G fund holdings bumped up to 21.7%, which was less than a 1% increase. The S fund allocation fell 4.38%, but the I fund is up 2.28% going into this
Updated 04-24-2011 at 05:20 PM by coolhand
The Inverse H&S Stocks opened sharply lower last week after Standard & Poor’s moved U.S. debt from a stable to a negative outlook. That was on Monday. The market indices spent the next couple of days recouping some of those losses, but after a strong earnings report from Intel late Wednesday, the indices took off and we saw green across the board. For the TSP, the C-fund was up 1.35% during the holiday shortened week. The S-fund gained 1.41%, and the I-fund led
Remember over the weekend when I posted some statistical information about the Top 50 and how when they shift their allocations by more than 20% they've generally been right? In fact, by my measures, they had been right 5 of the last 6 times. This week makes 6 of 7, as we saw a 26% bullish shift in stock allocations going into this week. It didn't start out well on Monday, but in the subsequent trading sessions the S fund managed to close out the week with a 1.43% gain. Not too shabby.
Gap holds - Following Intel's positive earnings report, the market opened up very strongly yesterday and held onto a 175 - 200 point gain the entire day. The Dow closed up 187-points and after the close, we saw a couple more positive tech earnings reports... Market Commentary for 4/21/11 Current Daily Market Commentary