ETFs mixed with snow and rain

A murky start with a Snow Day here. But apparently not in China.

Gold and Silver lead the reversal

Same high low sort from this AM. GLD and SLV leading

Bearish. In this case half grizzly and half polar

Half jobs half Greece

As you'd expect the Bearish ETFs are feasting on the flesh of Bulls

First Look at the Market Late in the PM

Not making big bets on risky names means cautious bull driven by liquidity which seems to be in the cards for just about for ever


Trading at the highs at 2

Consumer Non-Confidence

And some disappointments with BRCD etc

Killing SLV and KOL as you'd expect

Buying Financials Selling Energy Net = Boredom

Buying Risk - so what's risk?

We created two model portfolios of Risky and Safe Stocks. Risky= Low Ford VMO (i.e.low quality of earnings and price momentum) AND High Beta. Safe=High VMO AND Low Beta. Using those rules together produces much more trendy (autocorrelated) portfolios. If the Risk>Safety the markets usually trend higher on short and long-terms. And because it's a long-short hedge, most of the market's noise is eliminated.



Utilities!

The market goes up because a plane goes down?

Did someone actually short the market because a teabagger crashed his Cessna into an IRS building? He doesn't know a buy signal when he sees it.

Owning SLV

High quality names finally get out in front

What happens yesterday often happens today

Not liking the super bears.

Go SLV and KOL


Liking Risk no value placed on Value (either way) which means we're all at sea. Notice hedge funds buying BSX and C? They're running out of bargains.

Buying Risk and Selling the Bears

Risky Names outperforming

Buying KOL the most levered commodity ETF.

Broken

When you first try to price 5000 securities in real time, you often run into problems. Or they run into you.

Off to Chinatown East. i.e Flushing

To see my buds from the Big Country. Check out the FRS demos on the right. Use frsbeta and mkt2010 to log onto our free server during the trading day. which. looks. problematic. at the open.

Did you ever listen to Greenday? Someone did.

Stocks traded at their highs of the day


Bought high beta low quality names


Bought KOL and SLV dumped the superbears


Lots of Eurostocks traded lower in US. US names up. Green Pie

Rail Carloadings from Railfax vs Diesel Fuel Consumption from Ceridian

Our RR numbers with non-normalized 3 month moving average smoothing compared to Ceridian diesel fuel consumption with seasonal adjustment. Conclusions? The industrial economy (cyclical, coal) was hit much harder by the Great Recession of 2008 than was the consumer economy. (diesel, intermodal). Today's RR numbers are a bit better than you'd expect for this time of year...but who the heck knows how to normalize this economy?
railfax.transmatch.com
ceridianindex.com

Snow Day in Manhattan

Sign on to the FRS server to see who were the winners and losers in the slowpoke market today.
Me? I'd be shorting salt. Way overbought.

Yes Virginia the economy will recover one day

And rates will go higher....and stocks will take some time to adjust...

Shunning cyclicals and risk


Liking bearETFs again...definitely for day traders only

FRS server is back up as is the market

click on the icon that looks like this to the right, sign in and see what is happening intraday.

Down

FRS is down for development.....sorry to our free subscribers

Higher Beta Stocks did much better last year

But much worse last month.

No surprise.

No Surprises for Squeezers

Squeezing the shorts hard.

Sector Performance Last Month, Quarter and Year

We are getting pretty close to the one year anniversary of the March lows. Here's how various sectors (cap weighted) have performed since the end of January 2009.

Miserable Afternoon

Superbowl Hangovers not doubt the reason for late selling and general malaise

A bit of a rebound

Monster Market Rally Delayed until at least 2:30