Weekly Jobless Claims and GDP revisions

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The market was under pressure again yesterday, but this morning the pre-market futures are seeing a slight rally. It seems that after the implications that the Fed “might” taper, the market saw an injection of volatility. Investors are pondering where to go; bonds, stocks, cash, commodities, perhaps emerging markets or domestic? There is no certainty Read more…

Pending Economic Data

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The market rallied yesterday into those resistance levels, but came off in the late session. While the market still closed higher on the day it is starting to seem like we may start seeing consolidation. This morning the futures look to give up all their gains from yesterday. No doubt there is still some concern Read more…

Online Poker and a Shandy?

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It looks like the brief market panic last week (brought forth by assumption that the Fed may start “tapering” their asset purchases) ended on Friday as the market rallied into the close. This morning the futures are looking strong and are expected to open up higher, bouncing off those short-term supports. I am still of Read more…

Fed Speak – No Action

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Yesterday’s market action was certainly interesting. The market was paused looking to go higher on word the Bernanke would keep his foot on the accelerator, while at the same time the VIX was pricing in options premium that was concerned about a market pull-back. It was as if everyone is long, because you have to Read more…

Fed Action?

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The major indices are forming a “bullish pennant” over the last couple of days, heading into Bernanke’s testimony. The trading action in the indexes reflects that it is ready to make another strong jolt higher. Today will be defined by Bernanke’s testimony and any possible Fed action. Fed Action? While there are some that expect Read more…

Trickle-Down Government

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Are we ready for a “melt up”? That is the question I hear batted about among financial professionals. More are starting to absorb and think through what Tepper had stated last week, followed by Fed President Fishers interview yesterday. The Federal Reserve doesn’t look like they will stop anytime soon and according to Fisher and Read more…

Fed fueled market rally

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The market treks higher, with a slight pause here or there. We have now heard from some prominent and well respected investors (such as Tepper, Buffett, Dalio, Rogers, etc.) that the equity market has and may continue to rally, because the Fed monetary policy is forcing that decision. Treasuries have been called everything from “artificial” Read more…

Earnings (JCP, JWN, DELL)

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The market momentum seems to have stalled late in the week. I am not necessarily of the belief that it means that we will see a correction, but we could see a slight pull-back before moving higher. Getting long on any short-term pull-backs means also making sure to have the long Gamma to protect yourself Read more…

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