Posts Tagged ‘bounce’

Bring Out Your Dead

Portfolio house keeping – time to say goodbye to mistakes, rebalance what’s left and raise cash? – Ilene 

Bring Out Your Dead

Courtesy of Joshua M Brown, The Reformed Broker 

unemployment

A slightly better than expected reading on weekly Jobless Claims has the market feeling bouncy this morning.  We also just got AAII sentiment numbers that are as negative as you get (20% bulls, 49% bears!).

Combine these two data points and a Dow that just barely managed to keep itself above the 10,000 level yesterday and you have the recipe for a nice bounce.

I’m planning to use it.  I’m planning on bringing out my dead for the cart man to carry away.

Sunlight is the greatest disinfectant known to man, so with this morning’s early rays of sunshine I will cleanse the house that is my long book.  I’ll be scouring my portfolios searching for the stocks that have become corpses during the correction’s long night.

This is not because I don’t believe that the bounce could be sustainable (I’m willing to give it the benefit of the doubt for now).  Rather, my expulsion of these stock market casualties has more to do with my desire for liquidity and my wish to be rid of that awful stench of death.

When the cart comes by, I’ll be heaping it with the bodies of a few nat gas stories that are going nowhere, a huge retailer that seems to have no bottom and a financial name or two.

I don’t give specific financial advice here on this site, but it certainly wouldn’t hurt to use this opportunity to accept some of the mistakes of the summer and prepare your portfolio for the fall.

Bring out your dead.

Weekly jobless claims fall 31,000 to 473,000 (MarketWatch) 


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Zero Hedge

4 Killed In Fresno After Backyard Mass Shooting; Suspects Still At Large

Courtesy of ZeroHedge View original post here.

A shocking shooting rocked the mid-sized California city of Fresno Sunday night when a gunman shot at least 10 people attending a backyard barbecue, killing four and wounding six, according to CNN.

About 40 guests were in attendance at the party, where they were watching football and enjoying their Sunday, when suddenly a number of gunmen interrupted the festivities - they arrived out of nowhere and just started shooting.

Police said ...



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Phil's Favorites

NY Department of Welfare Announces Increased Subsidies for Primary Dealers, Thank God!

 

NY Department of Welfare Announces Increased Subsidies for Primary Dealers, Thank God!

Courtesy of , Wall Street Examiner

Here’s today’s press release (11/14/19) from the NY Fed verbatim. They’ve announced that they will be making special holiday welfare payments to the Primary Dealers this Christmas season. I have highlighted the relevant text.

The Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York has released the schedule of repurchase agreement (repo)...



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Lee's Free Thinking

NY Department of Welfare Announces Increased Subsidies for Primary Dealers, Thank God!

 

NY Department of Welfare Announces Increased Subsidies for Primary Dealers, Thank God!

Courtesy of , Wall Street Examiner

Here’s today’s press release (11/14/19) from the NY Fed verbatim. They’ve announced that they will be making special holiday welfare payments to the Primary Dealers this Christmas season. I have highlighted the relevant text.

The Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York has released the schedule of repurchase agreement (repo)...



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The Technical Traders

VIX Warns Of Imminent Market Correction

Courtesy of Technical Traders

The VIX is warning that a market peak may be setting up in the global markets and that investors should be cautious of the extremely low price in the VIX. These extremely low prices in the VIX are typically followed by some type of increased volatility in the markets.

The US Federal Reserve continues to push an easy money policy and has recently begun acquiring more dept allowing a deeper move towards a Quantitative Easing stance. This move, along with investor confidence in the US markets, has prompted early warning signs that the market has reached near extreme levels/peaks. 

Vix Value Drops Before Monthly Expiration

When the VIX falls to levels below 12~13, this typically v...



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Insider Scoop

WeWork Could Leave Thousands Without Jobs

Courtesy of Benzinga

Co-working space startup WeWork could lay off more than one-third of its total workforce as soon as next week, the New York Times reported on Sunday.

What Happened

More than 2,000 people employed in WeWork’s core business of subletting working space will lose their jobs, according to the New York Times.

Another 1,000 employees will be laid off as the startup shuts down its other businesses, including a private school it runs i...



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Biotech

Why telling people with diabetes to use Walmart insulin can be dangerous advice

Reminder: We are available to chat with Members, comments are found below each post.

 

Why telling people with diabetes to use Walmart insulin can be dangerous advice

A vial of insulin. Prices for the drug, crucial for those with diabetes, have soared in recent years. Oleksandr Nagaiets/Shutterstock.com

Courtesy of Jeffrey Bennett, Vanderbilt University

About 7.4 million people ...



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Chart School

Dow Jones cycle update and are we there yet?

Courtesy of Read the Ticker

Today the Dow and the SP500 are making new all time highs. However all long and strong bull markets end on a new all time high. Today no one knows how many new all time highs are to go, maybe 1 or 100+ more to go, who knows! So are we there yet?

readtheticker.com combine market tools from Richard Wyckoff, Jim Hurst and William Gann to understand and forecast price action. In concept terms (in order), demand and supply, market cycles, and time to price analysis. 

Cycle are excellent to understand the wider picture, after all markets do not move in a straight line and bear markets do follow bull markets. 



CHART 1: The Dow Jones Industrial average with the 900 period cycle.

A) Red Cycle:...

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Digital Currencies

Is Bitcoin a Macro Asset?

 

Is Bitcoin a Macro Asset?

Courtesy of 

As part of Coindesk’s popup podcast series centered around today’s Invest conference, I answered a few questions for Nolan Bauerly about Bitcoin from a wealth management perspective. I decided in December of 2017 that investing directly into crypto currencies was unnecessary and not a good use of a portfolio’s allocation slots. I remain in this posture today but I am openminded about how this may change in the future.

You can listen to this short exchange below:

...



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Kimble Charting Solutions

Silver Testing This Support For The First Time In 8-Years!

Courtesy of Chris Kimble

Its been a good while since Silver bulls could say that it is testing support. Well, this week that can be said! Will this support test hold? Silver Bulls sure hope so!

This chart looks at Silver Futures over the past 10-years. Silver has spent the majority of the past 8-years inside of the pink shaded falling channel, as it has created lower highs and lower lows.

Silver broke above the top of this falling channel around 90-days ago at (1). It quickly rallied over 15%, before creating a large bearish reversal pattern, around 5-weeks after the bre...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Promotions

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In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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