Weekend Oc 26 2014
ON the way up, the Bullish Percent was on top of Price. Now Price is on top of Bullish Percent. This indicates declining breadth, fewer stocks participating. But still over 60% are participating.
As Zero Hedge speculated, there is no way the FED will let the markets decline before the elctions, what if it does cost $1-3 trillion?
IF the stock rally is for real, why are bond prices so high, what is everyone afraid of?
Crude Consolidates
Many analysts are looking for a bounce here but I continue to read articles pushing more productin from US Shale Fields. Hard to see how that supports a price rise.
Hedge
Hedge shorts specific stocks. It is not the opposite of the SPX so it can hold up even if the SPX rallies.
Frankly I am not sure there is much to say until after the elections.
Comments