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The Breakfast Briefing: U.S. Futures Point To A Muted Start For Wall Street As ‘Selloff’ Talk Grow
The important take away from this is that the technical strength feed spotted selling presure along with the 200R MACD (breath feed). From looking at the futures this morning in the States stocks look to be down and US govrnment bonds up.
I'm also thinking with just a few companies left to report earnings there is now little earnings fuel left to propel stocks. In fact, Old_Skeet had to revise his earnings mutiple downward by 2.1% due to S&P earnings revisions of both TTM & forward estimates. Plus, should the fed follow through with the anticipated interest rate hike that's another headwind for both stocks and bonds. One thing that has not been mentioned is how much of a rate hike might be coming? Is it more than the past quarter percent hike? Perhaps.
Yep, I thinking the next couple of weeks are going to be tough for stocks and bonds as well. And, with this I am still with my plans to trim equities (this week) thus rebalancing my portfolio by reducing stocks to a neutral position and raising cash by a like amount. March could be the month that I begin to restore my CD ladder.
I am moving away from writting a daily update under the Markets and More to doing a weekly post either over the weekend or early Monday mornings.
Thanks for stopping by and reading.
Have a great day ... and, most of all I wish all "Good Investing."
Good question Tony. Sometimes I write using abbreviations.
The $SPXA200R is the symbol to view the number of stocks within the S&P 500 Index that are above their 200 day moving average which is one of the barometer feeds thus the 200R would be the number of stocks (percent wise) above the 200 day moving average. I have provided a link to this charting. The "200R MACD" is an abreviation I use to indicate the MACD reading of the above, and that it is not price based, thus not to be confused with the priced based MACD for SPY. Likewise, the 200R RSI would be based upon the number of S&P 500 stocks above their 200 day moving average and not to be confused with the price based RSI.
Comments
Over the weekend I posted a special edition of the Markets & More thread. It is linked below for your reading enjoyment.
http://www.mutualfundobserver.com/discuss/discussion/31671/the-markets-and-more-week-ending-march-3-2017#latest
The important take away from this is that the technical strength feed spotted selling presure along with the 200R MACD (breath feed). From looking at the futures this morning in the States stocks look to be down and US govrnment bonds up.
I'm also thinking with just a few companies left to report earnings there is now little earnings fuel left to propel stocks. In fact, Old_Skeet had to revise his earnings mutiple downward by 2.1% due to S&P earnings revisions of both TTM & forward estimates. Plus, should the fed follow through with the anticipated interest rate hike that's another headwind for both stocks and bonds. One thing that has not been mentioned is how much of a rate hike might be coming? Is it more than the past quarter percent hike? Perhaps.
Yep, I thinking the next couple of weeks are going to be tough for stocks and bonds as well. And, with this I am still with my plans to trim equities (this week) thus rebalancing my portfolio by reducing stocks to a neutral position and raising cash by a like amount. March could be the month that I begin to restore my CD ladder.
I am moving away from writting a daily update under the Markets and More to doing a weekly post either over the weekend or early Monday mornings.
Thanks for stopping by and reading.
Have a great day ... and, most of all I wish all "Good Investing."
Old_Skeet
Good question Tony. Sometimes I write using abbreviations.
The $SPXA200R is the symbol to view the number of stocks within the S&P 500 Index that are above their 200 day moving average which is one of the barometer feeds thus the 200R would be the number of stocks (percent wise) above the 200 day moving average. I have provided a link to this charting. The "200R MACD" is an abreviation I use to indicate the MACD reading of the above, and that it is not price based, thus not to be confused with the priced based MACD for SPY. Likewise, the 200R RSI would be based upon the number of S&P 500 stocks above their 200 day moving average and not to be confused with the price based RSI.
http://stockcharts.com/h-sc/ui?c=$SPXA200R