Bond Yields

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After the release of the Labor Report on Friday the market made an interestingly strong move into the close. The Labor Report had better than expected headline job creation, which initially sent the market higher. Then, as we peered into the report, we saw some rather discouraging items. First, while the U3 unemployment rate stayed unchanged 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…

Microsoft a game changer?

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The equity markets are in that testing zone. After a good move higher after the better than expected Labor Report, but not “too good” to end the Fed’s “easy monetary” policy, the market is now paused just below those highly touted levels. We can certainly break through them and most likely will, yet we will Read more…

Economic Data Confusion: Durable Goods & Housing

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Yesterday the market looked strong in the morning, but by the noon session it had given up. I strongly believe this market wants to go higher and the global emerging market story continues to show top line growth. The problems, however, lie in the US political stalemate, the Japanese Yen devaluation and Europe’s sovereign debt Read more…