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Archive for the ‘UTY’ Category

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A few things to watch this week.
Even though the dollar has had a bounce, US bonds are still under performing global ones.
India looks poised to make a run with this second Bollinger violation.
The defense sector is making a break. Guess we’re gonna need a war to end the recession.
My TRAN indicator has gone bullish, so this up move looks like the real thing.
The utilities sector has been basing for over 2 months. If energy costs remain low, this sector will have fundamentally sound legs to invest in. Sadly, without momentum, this is a dividend play.

The action in the bond market doesn’t bode well for the dollar. Foreign securities still hold an edge, but there are domestic sectors worth looking into.
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Written by chucklesamadeus

December 20, 2008 at 7:19 pm

Posted in BNDGLB, BNDUS, BSE, DFX, TRANQ, UTY

Schicklegrubbing

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If this market wants to rally, it sure has a strange way of showing it.
Nothing seems to be making any significant ground in the SPX.
At best, there are an increasing amount of stocks above their 50dma.
Maybe a little relative strength in the Utilities.
In a bear market you make more money shorting the strength than buying it.

I’m not seeing a massive rally in the tea leaves, and the strength in the Utilities is probably a red herring. I’d like to use my time machine, but my bitch ex-wife got it during the divorce… I think she’s fucking The Fly. Nevertheless, I predict that we’ll be hearing about credit problems in the utilities industry; they love the debt, they have a high yield, they’re too big to fail and every fucking Mom, Dad, and Shmuck-A-Fuck has been buying equity from their Schicklegrubbing brokers.

On a totally different side note, I don’t know what to think about Twitter. I tried Twitting trades today, and I have little to show for it… time will tell.

Written by chucklesamadeus

November 19, 2008 at 12:45 am

Posted in BPSPX, BPUTIL, SPXA50R, UTY, VIX

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