TacticalBeta is launched! TacticalBeta is a website that is all about a strategy commonly employed by hedge funds and endowments and that encompasses the best practices of generations. Investing in multiple non correlated assets (i.e., passive asset allocation) is a big improvement over buy and hold. Taking the investing process even further, TacticalBeta will show [...]
TacticalBeta is launched! TacticalBeta is a website that is all about a strategy commonly employed by hedge funds and endowments and that encompasses the best practices of generations. Investing in multiple non correlated assets (i.e., passive asset allocation) is a big improvement over buy and hold. Taking the investing process even further, TacticalBeta will show [...]
I found this article at Real Clear Markets, and it comes from Jason Haver at Minyanville. Now I don’t know Mr. Haver nor have I ever heard of him and I rarely read Minyanville, but the catchy title –”SPX, NYA, And Gold: 7 Charts Offering Clues to the Market’s Next Move” — caught my attention.
A graphic representation of the markets to keep you on the right side of the trend.
The “dumb money” indicator is now showing that investors are extremely bearish, and this is a bull signal. On average, the best time to buy is 1 week after the signal. Several caveats are worth noting.
Figure 1 shows a weekly chart of the S&P Depository Receipts (symbol: SPY). The indicator in the lower panel is constructed from the 9 SP500 sector ETF’s (data hidden). The indicator assesses the relative strength of each sector utilizing a 13 week look back period. As you can see, the indicator is rolling over.
There is a sense of panic amongst the bulls. My goodness the SP500 hasn’t gone anywhere in 9 weeks, and the economic data isn’t look too good. Many of the bulls must be wondering to themselves: “Ooops! I fell for it again”. The market appears to be topping out after we were all told that [...]
I last looked at the technical picture for the Market Vectors Gold Miners ETF (symbol: GDX) on March 22, 2012. At that time, prices were near $50, and I was concerned that the GDX would roll out of its trend channel and would proceed lower in a waterfall type decline. This scenario appears to be [...]
The price action this past week was fabulous as the market found its winning ways on the back of AAPL earnings and a Federal Reserve that remains as compliant as ever. It’s all good, and no doubt this can only mean one thing. It’s clear sailing ahead. But not so fast. From this perspective the [...]
It is often stated that copper is the metal with a Ph.D. in economics, and the data for the most part bears this out.
There have been a lot of changes in the trading models over the past 2 weeks, but the basic tenor from this perspective is that hard assets should outperform paper assets.
Like last week, the “dumb money” remains extremely bullish and the “smart money” is bearish. What is also certain is that the bulls remain in control, yet the best gains are clearly behind us. What is uncertain is what happens when the music stops – will you find a chair to sit in or will [...]
Charles Biderman of Trim Tabs Investment Research offers up as good as explanation as any as to why gold bullion dropped $100 on leap day, February 29, 2012.
We start the new year like we ended the old year: with a mixed sentiment picture. The Rydex market timer is extremely bullish, and this is a bear signal. The “dumb money” indicator is neutral and company insiders are as well. Overall, my interpretation is bearish. Sustainable price moves usually start when there are too [...]
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