There are several positions we had been waiting for and on Friday the limits were hit and trades were placed. We are exceedingly confident about these three trades, and we feel that it’s worth our readers’ time to take a peak at where we’re putting our cash. This “trade flash” will target those three trades.
Quiet frustration looms just beyond the facade of bulls who called for a market extension near the S&P 500 high of 945, while those heralding to invest in stocks upon a 10% pullback are beginning to feel the heat. Meanwhile, the substantial chatter concerning a "toppy" head and shoulders pattern of late in equities has
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The positive durable goods report, citing new orders up 1.8% for May, fought the May new home sales numbers, below consensus at -0.6% (m/m), as conviction wavered among market movers throughout early trading Wednesday. The crux of the day's market moving news came in the form of the FOMC statement on Federal Reserve policy, where
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On the Monday leading into a busy week of economic data and Wednesday's FOMC Federal Reserve meeting risk takers absconded from the market. The World Bank worsened it's outlook for the global economy from the March prediction for -1.7% to -2.9% growth over the course of 2009. Citing prolonged weakness among impoverished economies the bank
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While Financials may have lead us into the current rally and continue to gain steam from FASB Rec. 157 revisions, U.S. Banks are dependant on economic growth for profits. Equities are overbought. Financials may not lead pullback but pessimism towards equities will taint banking sector. Less transparency and rule changes do not warrant further moves
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Diamond Slice Portfolio Disclosure: Proshares Double Short Oil (DTO) iShares 30 Day VIX Futures ETN (VXX) iShares 5 Month VIX Futures ETN (VXZ) Proshares Ultra Short Xinhua China ETF (FXP)
