Message to the Bulls: THANKS, but NO THANKS
The stock market put in another oversold bounce as we had predicted in today's morning post and closing post on Friday " Bears are Waiting" . Traders seem to believe that a repeat performance of the market reaction to the London bombings is in order. We however do not share the same view.
With quantifiable oil disruptions not even known for a few days, and the fragile energy markets vulnerability to another shock , we expect the price of oil to revisit $71.00 in the next several days. Should it become apparent that refining capacity was the most effected, even the tapping of the Stategic Petrolium Reserves will not alleviate the upward price pressure.The over- anxious bulls have decided to bounce this oversold market despite the looming" warnings season", a slowing economy, cooling housing, precarious technicals, and a new den of emboldened Bears.
If You Held a Taser to Our Head: We are comfortable with our defensive position and plan on selling short more QQQQ into strengh. We believe that the market will continue to suck in more immature bovines and then administer a severe spanking . The party for the Bulls does not have legs. Our reply to the invitation to join the party is.... THANKS, But NO THANKS.
Have a good night. ___________________________________________________
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.
___________________________
With quantifiable oil disruptions not even known for a few days, and the fragile energy markets vulnerability to another shock , we expect the price of oil to revisit $71.00 in the next several days. Should it become apparent that refining capacity was the most effected, even the tapping of the Stategic Petrolium Reserves will not alleviate the upward price pressure.The over- anxious bulls have decided to bounce this oversold market despite the looming" warnings season", a slowing economy, cooling housing, precarious technicals, and a new den of emboldened Bears.
If You Held a Taser to Our Head: We are comfortable with our defensive position and plan on selling short more QQQQ into strengh. We believe that the market will continue to suck in more immature bovines and then administer a severe spanking . The party for the Bulls does not have legs. Our reply to the invitation to join the party is.... THANKS, But NO THANKS.
Have a good night. ___________________________________________________
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. | 5:08 PM
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