Friday, August 15, 2014 Update

Continuing strength among the biotech stocks along with the $IWM and the $QQQ suggests that momentum investors are back. They are just more selective. For further bounces, we’ll need to see VIX (12.42) to stay decisively under 12.50.

$SPY This ETF Is Overreacting To The Sell-off 

$BIDU: Baidu, Inc: Greater Than Google, Or Safer To Sell? An AlgorithmicPerspective

$GOOGL: Google Penetrates The E-Learning Market To Expand ChromebookSales

$GOOGL, The Internet Monopoly I Want To Own Forever  

$SPY Who is right: Bond traders or stock traders?

I remain conservatively allocated at 38% Long and 62% Cash.  This week I have closed out the following six additional positions to cash, $MYL, $OKE, $TEN, $SE, $TEVA and $EOG. More detail to follow over the weekend.