Category Archives: Equities

Chop Shop Market

Posted on June 12, 2012 by macromon

Choppy markets. After yesterday’s huge reversal and the blowout in Italian and Spanish sovereign spreads this morning, this was the day they could have broke the market. No so.  After some early weakness, the S&P500 traded straight up to close … Continue reading →

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Current State of the Market in a Sea of Volatility – 2.0

Posted on June 11, 2012 by macromon

Time for another re-post. Amazing how things have changed very little since last September.  Still waiting for that comprehensive plan. The Current State of the Market in a Sea of Volatility Originally Posted on September 13, 2011 The picture below really … Continue reading →

Posted in Black Swan Watch, Equities, Euro | Tagged , , , , , | 13 Comments

Fail

Posted on June 11, 2012 by macromon

In last night’s post we commented on the spike in equity futures and lust for risk assets on the back of the Spanish bank bailout, Mr. Risk and the S&P’s have gapped up through resistance in overnight trading on the … Continue reading →

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Was That a Bear Trap?

Posted on June 10, 2012 by macromon

The S&P500 had a “cup of coffee” below its 200-day, which got the bears all lathered up and their you know what ripped off.    Mr. Risk and the S&P’s have gapped up through resistance in overnight trading on the Spanish … Continue reading →

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Facebook’s About Face

Posted on May 31, 2012 by macromon

Check out the reversal in Facebook right at 2 PM and $27.00.    In the words of Paul “Yosemite Bear” Vasquez,  “what does this mean”? We don’t know but someone (Morgan Stanley?) had an axe to buy and spooked the shorts. … Continue reading →

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Nikkei Ugly

Posted on May 29, 2012 by macromon

Seems like yesterday that everyone wanted to emulate the Japanese. The Nikkei stock index is down 78 percent a little more than 22 years after its peak at the end of 989.   Imagine the U.S. equivalent –  the S&P500 at … Continue reading →

Posted in Equities, Global Stock Performance | Tagged , | 1 Comment

Apple, housing, and this merde market

Posted on May 22, 2012 by macromon

Merde markets! We had a plan to unload our longs (mostly Apple) in the pre-market or at the open.  We were expecting some follow through from yesterday’s ramp but didn’t think it would hold.  We were lucky enough to get … Continue reading →

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General Apple Takes Charge Amidst Rumors Of Better World

Posted on May 21, 2012 by macromon

Always a decent sign when General Apple leads the market, trading up over $33 (6+ percent) including the move in after hours.  Note the nice bounce off and failure to close below its the 100-day.  There’s the next line in … Continue reading →

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How oversold is the S&P500?

Posted on May 20, 2012 by macromon

The S&P500 has given up almost all of its gains for the year, is down 7.9 percent since May 1st, and has fallen 11 of the 13 trading days during the month.  The S&P500’s Relative Strength Index (RSI), which is … Continue reading →

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Flopbook!

Posted on May 18, 2012 by macromon

Why do we have this sense JP MO and Morgan Stanley are going to own a large book of Facebook stock at $38?   Maybe FB stock will be the Fed’s asset of choice during the next round of QE since … Continue reading →

Posted in Black Swan Watch, Equities | Tagged , , | 3 Comments