Today was a day of rotation for the small caps - I gave back something like 30 coins but I'm still up 20 coins for the week so far. Perhaps tomorrow we'll be back in bull rally mode. The NYSE cumulative breadth is close to making a new all-time high. I'm close to pulling the trigger on raising some cash - today would have been an excellent opportunity to do some buying during the rotation. There will be another time. Getting through August and September might be a real trip.
Happy Birthday Birchtree !!
I hope Alice made you a new suit !!
Blue
We could be due for a few more days of small cap weakness - that would hurt my oceanic account. The tugboat would do just fine as many members would be forced to genuflect with the S fund weakness as they start to roll backwards. That helps the few C fund lovers. Many lily padders are going to be vulnerable to the Birchtree heat seeker.
"Trap Like Pattern in VIX"
http://www.marketoracle.co.uk/Article21443.html
"The bulls are trying very hard to keep this market as far away from retesting 1099 as possible."
http://www.marketoracle.co.uk/Article21449.html
At this moment it appears to be another "do nothing" day and that's a good thing as we may start building the foundation for a high base. The treeman should be happy, I do suspect his C-Fund alloaction will outperform my S-fund, but I'll kindly remind him when the Big caps are tired, folks will flee to the small caps.
James E,
The year is not over yet. I hope you like crow.
"How one portfolio manager climbs the wall of worry. Companies have more visibility and it's improving every earnings season, and that is what should excite investors and that is what people should pay attention to."
http://www.istockanalyst.com/article...icleid/4351465
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EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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