Children Like to Play
The market is providing us with the expected bounce that we mentioned in our closing post yesterday. The only sector that we made buys in today is gold, specifically ABX. The market breadth is solid and the volume is on pace to surpass yesterdays.
The market is climbing despite the weaker than expected GDP revision, and very disapointing Purchasing Managers Index. This bounce will most likely be faded hard in the next 24 -48 hours. Even the slight inversion of the yield curve forcasting potential future recession and stubborn statements from the Fed signifying no intention to pause , is not detering the (child like) over anxious bulls.
Instead, they choose to focus on the news that the Gov has decided to release the Strategic Oil Reserve; or perhaps they noticed that the new low list did not expand with yesterday's decline. For what ever reason today is a half full day and we dare not say anything to ruin their party mood .
Wait a second , we think we just heard our parents pull up! ___________________________________________________
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.
___________________________
The market is climbing despite the weaker than expected GDP revision, and very disapointing Purchasing Managers Index. This bounce will most likely be faded hard in the next 24 -48 hours. Even the slight inversion of the yield curve forcasting potential future recession and stubborn statements from the Fed signifying no intention to pause , is not detering the (child like) over anxious bulls.
Instead, they choose to focus on the news that the Gov has decided to release the Strategic Oil Reserve; or perhaps they noticed that the new low list did not expand with yesterday's decline. For what ever reason today is a half full day and we dare not say anything to ruin their party mood .
Wait a second , we think we just heard our parents pull up! ___________________________________________________
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.
___________________________
Click Here To E-mail Comments
posted by Kleiner Capital Management, LLC. | 2:37 PM
<< Home