It was a nice start to the week as the market ramped higher at the open,
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February 24th, 2014 Watch List
Friday February, 21st 2014 Watch List
Thursday February 20th, 2014 Watch List
Yesterday, the $SPY painted a fresh all-time high and then the train derailed. Stocks crumbled into the close and continued their sell-off overnight as Chinese PMI continued its negative trend. Also, all is okay in U.S. equity world as futures have pulled to almost even this morning. Buy the dip? It worked yesterday...for a little while. Could we see another sharp rally today?
Wednesday February 19th, 2014 Watch List
After an overall flat session yesterday, stocks appear headed for a lower open. The "buy everything" correlation is starting to crack, with gold and stocks lower and bonds, oil, and the USD higher. I think a few days of consolidation is on tap before breaking out to fresh all-time highs by the end of the week.