Bears Are Waiting
The market closed near the lows of the day. Breadth was negative at around 2:1 and volume was light. Most of the major averages were off aprox: .5% except for the small caps which were battered down 1.5% . When there is a lack of bids in the market , illiquid small caps get punished more than their larger brothers. We used the relative strength in Large Caps to sell short more QQQQ. Our net long position is now aprox: 35% .
The immature bulls will probably take heart that the selling was not too heavy . They may start to contemplate that perhaps the decline has run its course and a playable rally is at hand . Therefore, we expect a pathetic attempt by the bulls to try to bounce the market on Monday or Tuesday. The Bears will be all too happy to grab the bulls by the nose- ring and twist hard....OUCH! This time the brave Bears will indeed sell, and sell a lot. Volume baby!
Perhaps late Tuesday or Wednesday we are expecting an aggresive display from Smokey. This would probably lead to even more drifting down until we hit better support levels. Nasdaq 2090 seems like a nice place to wage war.
If You Held a Taser to Our Head: We will wait for the immature Bulls to do their thing on Monday or Tuesday. When the market has a POP we hope to short more before the Bears really DROP in.
Get your rest this weekend, we think you will need it. ___________________________________________________
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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The immature bulls will probably take heart that the selling was not too heavy . They may start to contemplate that perhaps the decline has run its course and a playable rally is at hand . Therefore, we expect a pathetic attempt by the bulls to try to bounce the market on Monday or Tuesday. The Bears will be all too happy to grab the bulls by the nose- ring and twist hard....OUCH! This time the brave Bears will indeed sell, and sell a lot. Volume baby!
Perhaps late Tuesday or Wednesday we are expecting an aggresive display from Smokey. This would probably lead to even more drifting down until we hit better support levels. Nasdaq 2090 seems like a nice place to wage war.
If You Held a Taser to Our Head: We will wait for the immature Bulls to do their thing on Monday or Tuesday. When the market has a POP we hope to short more before the Bears really DROP in.
Get your rest this weekend, we think you will need it. ___________________________________________________
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. | 5:05 PM
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