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FLIP FLOPS
Equity indexes are flip flopping around this morning as the dollar moves up and down - and is up about .2% as I type at 75.3 while the SPX is down 4.75, NAZ -14 and the DJIA -53. Strongest sectors- semis, biotech, junk, drugs and retail while gaming, reits, metals, homies and brokers lag.  ...
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MORNING RIP
Equities open strong on the heels of higher prices across the pond and a dropping dollar. SPX + 18- NAZ +37 and the DJIA +153; Strongest sectors include metals, energy, emerging markets, small caps and airlines while junk, gaming, brokers and biotech lag. NYSE- 2150 net winners; NAZ- ...
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FUN READS
Got my hands on the Wellington Letter which is written by Bert Dohmen- and it was a pretty good read- here is one of his bullish points on gold: "With the huge 200 ton purchase of gold by the Bank of India, it is clear that the central banks will not sell their gold but accumulate more, ...
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MIDDAY SIGNALS
Equity markets are trading lower but hitting buy signals if you follow the RSI 2 trading strategy - basically says buy when RSI 2 is at/under 10 when the underlying is in an uptrend - above the SMA 200- that is what we have on most major market indexes today. Another signal generally worth ...
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EARLY CHECK
Equity futures getting hammered again this morning after the SPX lost 15 points yesterday to close at 1095 with an RSI 2 reading of 15. One of the reasons equities are down is the rip in the dollar which is up about .7% almost hitting the 76 level. Gold is down about $7 at $1138 while ...
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MORNING FACTS
Markets are lower this morning but not so bad in light of the big run yesterday - and everyoneknew today was Turnaround Tuesday- SPX -5, NAZ -9 and the DJIA -21. The dollar is ripping higher this morning as it is up close to 1% at 75.6 after falling nicely yesterday. Strongest sectors- ...
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GONE SHOOTING (DIGITAL)
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MORE DIPPING
Equities are trading lower on the heels of an upward move in the dollar and a bearish report on crude. SPX +5, NAZ -5 and DJIA -40. Strongest sectors- internets, drugs, ags, semis and defense while metals, energy, homies, gaming and brokers lag. NYSE- 1400 net losers; NAZ- 900 net ...
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NOON SWOON
Equities are higher but well off their best levels as the dollar all of a sudden popped higher - rumors of a financial transaction tax causing the sell off. Strongest sectors- homies, gaming, airlines, trannies and brokers while retail, Brazil, energy, drugs and internets lag. NYSE- 450 ...
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THE DIP
Despite the extreme over bought condition - equities are higher yet again - but a few warning signs that I see - SPX +.5, NAZ -1 and the DJIA +18. Strongest sectors- internets, biotech, retail, semis and drugs while nat gas, real estate, gaming, homies and banks lag. NYSE- 550 net losers; ...
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THE HIGHS
Equities are trading near their highs for the day and close at/near their is probably on tap unless the dollar shoots higher which isn't likely. Strongest sectors- gaming, metals, reits, real estate and emerging markets while nat gas, bonds, biotech, internets and airlines lag. NYSE- 2010 ...
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MIDDAY UPDATE
Markets are just bouncing around in the early afternoon with losers slightly ahead of gainers - not that bad in light of the horrible jobs report- Strongest sectors- airlines, metals, internets, gaming and retail while nat gas, ags, reits, energy and small caps lag. NYSE-flat internals;  ...
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THE DIP
Equity futures WERE trading higher before the jobs report but have now flipped to red on the heels of the not as good as expected report. Job losses totalled 190k with the jobless rate falling to 10.2% - the highest level since 1983. Birinyi just tweeted that historically on an NFP miss ...
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MIDDAY LOOK
Equity markets are trading near the highs of the day as the news from CSCO is giving some bid to the tech stocks- SPX +15.5 NAZ +43 and the DJIA +171. Strongest sectors- defense, semis, small caps, gaming, biotech and homies while ags, retail, metals, reits and drugs lag. NYSE- 1750 net green; ...
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THE CLOSE
Equities closed near their lowest levels as the 50 day SMA on the SPX was again rejected - range for the day on the SPX 1061/1045 and a close at 1046.5- not real bullish - Strong sectors- emerging markets, drugs, metals, semis and tech. NYSE- 250 net winners; NAZ- 550 net losers; SPX- ...
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MORNING MOVES
Markets up and moving on the heels of strong markets on the other side of the pond and a strong ISM number. SPX +13, NAZ +20 and DJIA +128. Strongest sectors- Brazil, homies, gaming, emerging markets, semis and tech while trannies, biotech, banks and internets lag. NYSE- 1425 net green; ...
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MIDDAY LOOK
Equities continue to struggle despite the recent merger activity with the SPX -5.6, NAZ -13 and the DJIA -65 at about 11.50 EST. Strongest sectors - metals, trannies, gaming, biotech, oil service, homies and airlines while semis, banks, brokers, emerging markets and internets lag. NYSE- ...
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NUMBERS
Equities are poised to open lower and continue their recent down trend - the dollar is trading up .6% at 76.9 and that continues to be the leading headwind to higher equity prices. Energy prices and gold also lower before the 9.30 EST open. The RUT, which was a big winner earlier has ...
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THE RAMP
Markets are up up and away this morning on some better than expected economic reports- SPX +14, NAZ +15 and DJIA +117. Strongest sectors- biotech, metals, banks, emerging markets and oil service while gaming, junk, internets and defense lag. NYSE- 1460 net green; NAZ- 600 net green;  ...
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OH CANADA
Equities were pretty ugly yesterday as the SMA 50 on the SPX was quickly passed and now sits about 15 points above the close. The VIX as ugly as it gets moving up 24% at 30.69 and about 28% above the SMA 10- VERY OVER BOUGHT. All that said - SPX about 6% off its 1101 high from October 21- ...
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