Saturday, September 6, 2014

Saturday, September 6, 2014

$SPY The rule of the day is don’t fight the tape or the central bankers. There aren’t many bears left as the Investors Intelligence’s advisor sentiment readings showed bears dropped to 13.3%, the lowest level since 1987. But there are still many investors in the correction camp. There is still sideline money waiting to buy any pullbacks. So the uptrend is likely to stay intact at least in the near term.

With that said, although stocks posted a record close Friday, the 10- year treasury yield, which dipped in the morning after the payroll data, actually settled the day higher. What direction will the Fed take following this data; we’ll have to wait for a couple of weeks to find out when the FOMC holds its next meeting in mid-September.


This coming week I have some cleaning up to do in the portfolio, there are now three names with downgraded opinions and will need to be replaced.  The three in questions are $MU, $NFX, $XEC.  Candidates for replacement will come from the Watch List which is part of the Alpha One Model Portfolio and can be reviewed by clicking the above link for the Alpha One Model Portfolio.


Consumer Discretionary EarningsGrowth for Q3 in the Basement Due to Pulte Group

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