Wed April 30, 2014
My Facebook play was stopped out, here is why. As Marc Faber noteson Marketwatch this morning, it is too late to buy stocks but we may be too early to short as well, welcome to summer.
Hedge
Hedge is a traded fund that actuallys shorts individual stocks. This is quite different thatn taking a short futures position that must be 'renewed' on a monthly basis. The result for that strategy can be the exact opposite of what one intended.
This daily chart suggests that HDGE is attempting to find a bottom. The MAs are moving closer together, but none have really turned up yet, much less crossed. One could make a converse case for QQQ, let's do that.
QQQ
Here is the same time frame and MAs but for QQQ, the opposite go long strategy.
I did not label it but one can clearly see a head and shoulders pattern taking shape here. As with HDGE the MAs are flatening but none have turned down much less crossed. There is an old saying that 70% of the time markets do nothing. Last year they rose, this year they frustrate.
Social Mood was certainly on display with an NBA owner getting everything but a tar and feather job on the way out of town. While his remarks were offensive, they were remarks. What is amazing is that Magic Johnson the pruported would be owner of the Clippers, had to leave the game due to his frequenting of so many strange partners that he finally came down with AIDS. Elsewhere NBA players have been the
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