OIL, 10 Year Yield and QQQQ

OIL (click on charts for better view) The continued climb in oil screams at me to be careful in this environment, but at the same time there are many opportunites to get long stocks which benefit from higher prices. 10 Year Yield The Fed has indicated they are getting closer to the end of their … Read More

Focus on the stocks (CCMP & MGAM)

The market continues to act well despite the runup in oil and interest rates. It is easy to get distraced by thinking about what the market “should be doing” in this environment, but don’t become paralyzed and let opportunities in individual stocks pass. “Trade what you see, not what you think”. In other words trade … Read More

Focus on the stocks (CCMP & MGAM)

The market continues to act well despite the runup in oil and interest rates. It is easy to get distraced by thinking about what the market “should be doing” in this environment, but don’t become paralyzed and let opportunities in individual stocks pass. “Trade what you see, not what you think”. In other words trade … Read More

Perception

Yesterday’s impressive rally is finding some follow through action this morning as the perception of Fed policy has changed. The market now strongly believes that the next Fed meeting will mark the last time that interest rates will be raised in this cycle. As a result of this change in perception, stocks experienced heavy buying … Read More