Wednesday, November 18, 2015

Up and running again

Today's rally confirms the bullish trend since the double-low of  Aug. 25 and Sept. 29 on the SP 500.

Wait for pullbacks to buy. But, if the rally remains strong, pullbacks may be brief.

Short opportunities may arise if the run continues. Watch for laggards. Oil, materials, emerging markets, small caps would be obvious bets. But watch for weakness elsewhere as well. 

Thursday, October 29, 2015

Powerful rally ... but look for pullbacks.

Market is up 12% since 8-25-15 low on the SP500. One would think a significant pullback would be in order, but noooo... Not yet. Surrendered most of my inverse positions except for biotech.

Healthcare, small caps look weak at the moment. Chronic losers--materials, energy, reits, emerging markets--may have bottomed.

All this can change, of course. Watch to see of bull phase continues. Buy on weakness, short on weakening run-ups.

Monday, October 19, 2015

Still waiting for a pullback ....

... following the rebound. Not getting it yet. Shorts aren't working very well.

With longs, you're chasing at this point.

Maintaining some shorts (in addition to core long portfolio) in energy, materials, emerging markets, EAFE. Those look like the best bets. Paring short exposure on broad U.S. indices.

Saturday, October 10, 2015

Sell! Sell! Sell!

That headline is tongue and cheek. ... Who knows if the market is overextended? We could be in the midst of a pretty good rally following the sell-off, so selling/shorting could be a mistake.

But the 3%-plus rally of the last week--especially in weak sectors like energy, materials and emerging markets--could portend a nice shorting opportunity. At least in the short term.

That, plus the fact that we've had a helluva run-up in 2013 followed by a nice rise in 2014 and now market looks like it could be rolling over. 

Monday, October 05, 2015

Bullish week so far ...

SP500 up 180 bps Monday--strong follow thru from last week's reversal. Will it last?? We don't know.

But, healthcare (the best sector by far during the bull run) not participating in the rally today. Oils, materials (the past losers) leading the upside. Change of leadership in a new bull phase? Or a sign of more downside to come?

Take profits and add short positions as this rally weakens. (Sold inverse ETFs this a.m., but looking to add more).

Friday, October 02, 2015

Bullish week coming?

Early sell-off with a bullish reversal could indicate some sort of a bottom here.

Healthcare snapped back. Even emerging markets look good for now.

Added to longs today as market firmed, took some inverse profits early, but not enough! Still, holding onto small position in PSQ, added  inverse ETFs in materials, China (weak sectors) late in the day as their counterparts rallied strongly.

Just a guess: Next week could see a follow-on rally.

Monday, September 28, 2015

A real correction?

This looks like it could be a real correction, with leadership change. Healthcare leading the way down.

Picking a bottom is impossible. It might come near a test of the 8-24-15 mini flash crash low.

I'm still buying, tho painfully. Looking for opportunities to short.