I mentioned back in May that I was watching Google Trends as a market sentiment indicator. This is the first week in which I can actually apply the concepts discussed in that post (click on Google Trends under labels to view the post).
I find it interesting that the search volume for “bear market” is back [...]
Bond Funds, Currency ETFs, FCX, FXB, FXE, FXY, Google Trends, HYG, IAT, IBB, JNK, KWT, LQD, SAY, Sunday Night Coffee, TLT, WFT, XLF, XLI
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http://money.cnn.com/2009/03/21/news/economy/bank_bailout_next_step/index.htm?postversion=2009032209
Looks like we got another over the weekend press release from the government. We should get our first look at what the markets think of it when ES begins trading in a few hours as well as the Asian markets. Like most headlines, I don’t think it affects how to trade the market but it [...]
On tap tonight I will be discussing what I deem to be key indexes, a look at the bond funds, currency funds and some specific stocks.
$SPX
I will start by looking at $SPX which I examined yesterday in some detail.
Here is a summary of my posts from yesterday:
- The peak at 930 to trough at 800 [...]
With the strength in the financials last night, it looked like today could be the day to get out of the $80.5-$85 range on SPY. The market gapped up on the open and closed at $87.39. It looks like there is a strong possibility that we are in a new trading range. Look at the [...]
Continue reading about SPY is Fib Friendly and a Look at Some Old Ideas
I am back to a familiar topic. The bond funds. When I look at the price action today, these guys are what is notable.
First, look at the break in TLT.
There is clearly a break under 112.60. I will be looking to short the treasuries again using TBT. I would be looking to enter at [...]
Continue reading about Return to Taking Risk: TLT, LQD, HYG and JNK
Ok. In honor of Bank of America, originally founded in California (as Bank of Italy) before it was taken over by Nationsbank (they decided to use the Bank of America name). Yes, not a great connection but I wanted to play a good video to celebrate the day and this was the best I could [...]
Continue reading about California, LQD / HYG / JNK and Apple
I have been writing recently that I have been following the bond market as a tell about where the stock market is headed. Today I am looking at a modified form of the Confidence Index. The Confidence Index can be calculated by dividing the average yield of high grade conservative bonds by the average yield [...]
Continue reading about Modifed Confidence Index (LQD v. HYG)
