Market Update for Thursday, 11/17

Still looking bearish.  Outlook from yesterday could not have predicted today's action any better.  Stock indices and currencies were weak, while energy (crude oil) was very strong.

The trend models are the same for tomorrow.  Correlating asset valuation has the S&P dropping much lower.  However, this is still a very much news driven market so be ready for volatility spikes. 

Keeping the same playbook for now!

Interview with Kyle Bass (link via Zerohedge).  Worth a listen!

Market Update for Wednesday, 11/16

Trend model updated.  Like I said yesterday, a very mixed environment.  Did not get a pullback, but did not get extreme bullishness either.  There were plenty of opportunities to be a seller, and I think those opportunities will exist throughout this week.

Commodities continue to go up (pricing in of QE).  Meanwhile, currencies are pulling back nicely after all the rumors last week. Using the trend sheet, it's easy to pick the winners/losers and position accordingly. 

Looking longs: energy
Looking short: euro currencies

Market Update for Tuesday, 11/14

So selling came in today as we are in a midst of a pullback.  We are in a very mixed atmosphere as seen in the bullish/bearish sheet.  We have not gained enough momentum to drop fast, but it appears we will be in pullback mode for a good part of this week.  Of course, news out of Europe could change things, but if most of the rumors were bought up last week, we could see the sellers getting the upper hand this week.

Tech was very mixed today.  AMZN and GOOG were very bullish but AAPL was weak.  Overall, I will be looking more towards the short side.

So for now, looking short in the financials and S&P and Dow.

Bullish Bearish Hedge Model Tuesday Nov 8th

So the general market turned bullish today on the models. Energy was up very nicely as well as the precious metals. Crude was really the stand out today as predicted on the model yesterday. While the second half of today's trading day pushed the market into buy mode, the signal really needs to see some follow through. So for tomorrow, the focus will be on going long energy again and possibly short volatility. Also, take a look at the general market etfs or futures (S&P, Russel, Nasdaq...etc). Financials still exhibit some weakness, but tech and again, energy, look appealing for short term buys.

Bullish/Bearish Matrix for Monday, Nov 7th

I will need to update tomorrow morning. Right now, the view is mixed, so I will need to update tomorrow morning. If anything, I will be looking long energy and short the yen OR I will be looking short financials, short Euro, and short the general market through the S&P. Not looking for any spectacular moves this week, but the Euro debacle should provide us with some good opportunity.