Well, if you could not tell by the VIX ‘Micro Blips’ theme noted in the previous post, the market is predictable enough. On Thursday we noted that Semi was due to bounce from support, both in leadership and nominally. Friday and today it boinked. Here are its leadership to the leader (tech), to SPY and nominal SOX, which is retaking the SMA 50. It wouldn’t … Continue reading Semiconductor Bounce, On Cue
Note: I am short nothing whatsoever in this market except a small position against junk bonds. I am long several broad market items and managing risk by also being long a big hunk of the safest cash equivalent vehicle I know of, T Bills (hat tip: Prechter, from many years ago), which are now paying increasingly okay income for a risk ‘off’ position. I also … Continue reading NFTRH 478 Excerpt: Market Sentiment
First of all, the name was picked by my wife who felt that, given his birth defects (deformed elbows and knees) he needed a tough guy name. Through 3 limb/joint surgeries he has persevered and though not living up to the tough guy name, has been the happiest dog you could imagine (in between bouts of anxiety and waning self esteem). This is not a … Continue reading Spike Update
