Market continues to confound the bears
The market has once again confounded the bears and the dip buyers have stepped in to slowly walk the market to the highs of the day. Breadth has improved to roughly neutral. Although some of the key tells such as the Semi's and Small Cap's are still underperforming. The market may be moving on the old, "if we can't get them down we might as well buy 'em" concept.
How the market closes today will be important considering that this rally started early in the day. Buying the dip, while present seems to be lacking it's usual vigor. With that said, the leadership which is primarily coming from the large caps is slightly troublesome and is evidence that there is not enough speculative fervor. We are continuing to look for select long side trades but are not willing to embrace the indices here. Long side entries into index ETF's continue to have a questionable risk/reward. We're still somewhat net long but proceeding with caution. ___________________________________________________
The analysis, opinions and/or forecasts expressed on the Kcap Trading Blog (âKTBâ) are for informational purposes only and should not be relied upon in making investment decisions. By using this site you agree that Kleiner Capital Management, LLC (âKCAPâ) and its principals are not liable for any action you take or any decision you make in reliance on any content. Please be aware that there is no commitment by KCAP to update the KTB. Furthermore, there may be inconsistent timing and follow up (if any) of posts.
None of the information on KTB is considered individualized investment advice and should not be construed as a recommendation or solicitation to purchase any securities. Reliance on information provided on KTB in no way establishes an advisor-client relationship. Investors are encouraged to seek the advice of a qualified investment professional prior to investing funds.
Clients of KCAP, as well as the firmâs principals and other employees, may be invested in securities discussed at KTB. However, any mention of said securities is not intended to influence market conditions for the security to the benefit of KCAP clients and/or principals and employees. KCAP is not affiliated with any advertisers on this site and does not endorse any of their content. For additional information and disclosures, please visit www.kleinercapital.com.
The information on KTB has been furnished from sources we consider to be reliable, but no guarantee is made with respect to accuracy.
___________________________
How the market closes today will be important considering that this rally started early in the day. Buying the dip, while present seems to be lacking it's usual vigor. With that said, the leadership which is primarily coming from the large caps is slightly troublesome and is evidence that there is not enough speculative fervor. We are continuing to look for select long side trades but are not willing to embrace the indices here. Long side entries into index ETF's continue to have a questionable risk/reward. We're still somewhat net long but proceeding with caution. ___________________________________________________
The analysis, opinions and/or forecasts expressed on the Kcap Trading Blog (âKTBâ) are for informational purposes only and should not be relied upon in making investment decisions. By using this site you agree that Kleiner Capital Management, LLC (âKCAPâ) and its principals are not liable for any action you take or any decision you make in reliance on any content. Please be aware that there is no commitment by KCAP to update the KTB. Furthermore, there may be inconsistent timing and follow up (if any) of posts.
None of the information on KTB is considered individualized investment advice and should not be construed as a recommendation or solicitation to purchase any securities. Reliance on information provided on KTB in no way establishes an advisor-client relationship. Investors are encouraged to seek the advice of a qualified investment professional prior to investing funds.
Clients of KCAP, as well as the firmâs principals and other employees, may be invested in securities discussed at KTB. However, any mention of said securities is not intended to influence market conditions for the security to the benefit of KCAP clients and/or principals and employees. KCAP is not affiliated with any advertisers on this site and does not endorse any of their content. For additional information and disclosures, please visit www.kleinercapital.com.
The information on KTB has been furnished from sources we consider to be reliable, but no guarantee is made with respect to accuracy.
___________________________
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posted by Kleiner Capital Management, LLC. | 2:28 PM
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