Your guess is as good as mine why the S&P 500 is up 1.8% today, reversing much of the last two day’s losses. Wednesday and Thursday equity weakness was being assigned to Fed Chair Yellen’s …
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Technology stocks, as measured by the Technology Select etf (XLK), are up 3.3% on the year, making it the fourth best performing sector in the S&P 500 (SPX) behind Healthcare, Consumer Discretionary and Basic Materials. …
Continue readingOn this past Friday’s close the short leg of my XLK call calendar expired worthless, doing what it was intended to do, help finance owning the longer dated call. Now I am going to play …
Continue readingHere is a quick recap of all of the trades that we initiated, closed, managed, expired and considered (Name That Trades) in the week that was Feb 24th – Feb 28th:
Continue readingThe Nasdaq Composite is trading back at levels it has not seen since the year 2000, just before the index was about to enter a very dark period where it would lose almost 80% from …
Continue readingMost professional portfolio managers, whatever their sales pitch, are in the business of chasing performance. Their career is always more at risk if they miss the big trends than if they fail together with the …
Continue readingMorningWord 7/17/13: To say that there has been an odd bifurcation this year among sub-sectors in the Technology space would be a bit if an understatement. Semi-conductors and certain Comm-Tech have seen a massive resurgence …
Continue readingThe main theme over the past 3 trading days has been the significant outperformance of cyclical sectors, after the 1st quarter was led by defensives. While the defensive sectors have been making new bull market …
Continue readingLarge cap tech continues to be a major laggard in this year’s rally. It’s particularly surprising since even the boring, defensive sectors of consumer staples and health care are trading near all-time highs. The market’s …
Continue readingGoldman Sachs downgraded INTC this morning from a Neutral to a Sell Rating based on the following:
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