Is the economy expanding?

June 24, 2020 5:04 pm / Published in SP500, SPX, SPY
I will allow the market participants to tell me. As far as I can see my models tell me to be careful at these levels. Chart from this article in the NYTimes.com The U.S. Entered a Recession in February. If sellers can not take the SP500 to 2920, the bulls should not worry much

What do I look for the short side (Pro)

June 24, 2020 10:19 am / Published in * Trade Alert
DOW JONES INDEX STOCKS ARE WEAKER THAN NDX AND SPX NDX STRONGER THAN SPX. FOR A LARGE MOVE DOWN, WE NEED TO SEE: A. USD GETTING STRONGER FROM CURRENT LEVELS B. GOLD CONTINUE TO MOVE HIGHER FROM CURRENT LEVELS C. SPX TO TAKE THE WEEKLY LOW FROM CURRENT LEVELS IF BEAR ARE NOT ABLE TO

Bears in control SPX

June 24, 2020 10:02 am / Published in Market Update
Note the market internals, they are control by the bears. Volatility is high enough for a large move on US Equities. If large players engage here you can see prices lower in the next few days. Maybe Pension Funds are re-balancing the Equity exposure for the rest of the summer or looking at the earnings.

Deploying cash (Mutual Fund Strategy)

June 17, 2020 11:01 pm / Published in * R Option, * Trade Alert
Since 2013, this has happened about 5 times, and two of them lasting more than 6 weeks.

Waiting in cash (Hedge Fund Strategy)

June 17, 2020 10:36 pm / Published in * R Option
As most of know, my hedge fund is able to be in cash and wait for the “appropriate” opportunity to deploy capital. So far for the last few weeks, this has been the case. It is true that Hedge Fund managers are expected to make money in every economic cycle and Mutual Fund managers are

SPX 500 Update

June 11, 2020 6:45 pm / Published in * Trade Alert, All Time High
We are still above 2923 which is the 61% Fib Level. The sellers took control today but as I mentioned in the morning, this can be considered a healthy pullback for longterm investors. I expect to have more downside pressure and I did not expect a -5% today. Some of you asked me why a